L3Harris Historical Income Statement

LHX Stock

USD 248.16 1.56 0.63%

Historical analysis of L3Harris Technologies income statement accounts such as Gross Profit of 5.4 B can show how well L3Harris Technologies performed in making a profits. Evaluating L3Harris Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of L3Harris Technologies's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining L3Harris Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether L3Harris Technologies is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.

About L3Harris Income Statement Analysis

L3Harris Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to L3Harris Technologies shareholders. The income statement also shows L3Harris investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

L3Harris Technologies Income Statement Chart

At this time, L3Harris Technologies' Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 1.3 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (194.8 M).

Total Revenue Gross Profit Other Operating Expenses Operating Income Income Before Tax Preferred Stock And Other Adjustments

Total Revenue

Total revenue comprises all receipts L3Harris Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of L3Harris Technologies minus its cost of goods sold. It is profit before L3Harris Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of L3Harris Technologies. It is also known as L3Harris Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from L3Harris Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of L3Harris Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on L3Harris Technologies income statement and is an important metric when analyzing L3Harris Technologies profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from L3Harris Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into L3Harris Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.At this time, L3Harris Technologies' Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 1.3 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (194.8 M).

	2021	2022	2023	2024 (projected)
Gross Profit	5.4B	4.9B	5.1B	5.4B
Total Revenue	17.8B	17.1B	19.4B	20.4B

Gross Profit Total Revenue

L3Harris Technologies income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Discontinued Operations	Extraordinary Items	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.85	0.99	0.98	0.99	0.8	0.83	0.94	0.99	1.0	0.74	-0.33	0.85	-0.18	0.39	0.53	0.06	0.76	0.97	-0.02	0.54	-0.05	-0.51	-0.77	0.31	0.85
Interest Expense	0.85		0.8	0.77	0.82	0.47	0.63	0.75	0.81	0.85	0.49	-0.28	0.62	-0.33	0.11	0.31	-0.14	0.51	0.82	0.03	0.52	-0.13	-0.71	-0.95	0.48	0.76
Total Revenue	0.99	0.8		0.99	1.0	0.85	0.89	0.97	1.0	0.99	0.81	-0.35	0.9	-0.12	0.42	0.59	0.07	0.79	0.95	0.05	0.53	-0.02	-0.48	-0.7	0.24	0.81
Gross Profit	0.98	0.77	0.99		0.99	0.89	0.91	0.97	0.99	0.98	0.84	-0.29	0.91	-0.03	0.49	0.61	0.11	0.82	0.95	0.04	0.55	-0.05	-0.4	-0.65	0.21	0.82
Other Operating Expenses	0.99	0.82	1.0	0.99		0.83	0.87	0.96	1.0	0.99	0.78	-0.36	0.89	-0.15	0.4	0.57	0.06	0.78	0.96	0.05	0.53	-0.01	-0.5	-0.73	0.26	0.82
Operating Income	0.8	0.47	0.85	0.89	0.83		0.9	0.89	0.83	0.79	0.91	-0.05	0.86	0.35	0.65	0.69	0.27	0.81	0.77	0.07	0.53	-0.09	-0.04	-0.28	-0.02	0.66
Ebit	0.83	0.63	0.89	0.91	0.87	0.9		0.97	0.88	0.84	0.98	-0.25	0.94	0.25	0.58	0.63	0.03	0.83	0.78	0.22	0.55	-0.11	-0.19	-0.46	0.11	0.61
Ebitda	0.94	0.75	0.97	0.97	0.96	0.89	0.97		0.96	0.94	0.92	-0.29	0.95	0.08	0.53	0.62	0.04	0.84	0.89	0.13	0.57	-0.09	-0.33	-0.61	0.2	0.73
Cost Of Revenue	0.99	0.81	1.0	0.99	1.0	0.83	0.88	0.96		0.99	0.79	-0.37	0.89	-0.14	0.4	0.58	0.06	0.78	0.95	0.06	0.53	-0.01	-0.5	-0.72	0.24	0.8
Total Operating Expenses	1.0	0.85	0.99	0.98	0.99	0.79	0.84	0.94	0.99		0.75	-0.3	0.87	-0.18	0.4	0.53	0.04	0.8	0.98	0.0	0.53	-0.01	-0.49	-0.77	0.3	0.86
Income Before Tax	0.74	0.49	0.81	0.84	0.78	0.91	0.98	0.92	0.79	0.75		-0.12	0.91	0.42	0.66	0.63	0.06	0.85	0.71	0.18	0.47	-0.11	0.0	-0.31	0.05	0.55
Total Other Income Expense Net	-0.33	-0.28	-0.35	-0.29	-0.36	-0.05	-0.25	-0.29	-0.37	-0.3	-0.12		-0.26	0.57	0.08	-0.16	0.04	0.08	-0.18	-0.15	-0.1	-0.1	0.6	0.31	-0.04	0.04
Net Income	0.85	0.62	0.9	0.91	0.89	0.86	0.94	0.95	0.89	0.87	0.91	-0.26		0.09	0.53	0.54	0.01	0.86	0.81	0.24	0.6	0.0	-0.23	-0.49	0.09	0.65
Income Tax Expense	-0.18	-0.33	-0.12	-0.03	-0.15	0.35	0.25	0.08	-0.14	-0.18	0.42	0.57	0.09		0.55	0.24	0.23	0.24	-0.13	-0.09	-0.03	-0.19	0.75	0.48	-0.18	-0.07
Selling General Administrative	0.39	0.11	0.42	0.49	0.4	0.65	0.58	0.53	0.4	0.4	0.66	0.08	0.53	0.55		0.51	0.58	0.58	0.35	-0.17	0.27	-0.06	0.33	0.03	-0.19	0.39
Research Development	0.53	0.31	0.59	0.61	0.57	0.69	0.63	0.62	0.58	0.53	0.63	-0.16	0.54	0.24	0.51		0.24	0.51	0.48	-0.05	0.31	0.06	-0.02	-0.19	0.01	0.45
Selling And Marketing Expenses	0.06	-0.14	0.07	0.11	0.06	0.27	0.03	0.04	0.06	0.04	0.06	0.04	0.01	0.23	0.58	0.24		-0.04	0.01	-0.08	0.13	-0.12	0.11	0.26	-0.63	0.08
Net Income From Continuing Ops	0.76	0.51	0.79	0.82	0.78	0.81	0.83	0.84	0.78	0.8	0.85	0.08	0.86	0.24	0.58	0.51	-0.04		0.8	0.01	0.36	0.12	0.02	-0.46	0.21	0.78
Non Operating Income Net Other	0.97	0.82	0.95	0.95	0.96	0.77	0.78	0.89	0.95	0.98	0.71	-0.18	0.81	-0.13	0.35	0.48	0.01	0.8		-0.13	0.43	-0.01	-0.44	-0.79	0.4	0.91
Minority Interest	-0.02	0.03	0.05	0.04	0.05	0.07	0.22	0.13	0.06	0.0	0.18	-0.15	0.24	-0.09	-0.17	-0.05	-0.08	0.01	-0.13		0.28	-0.12	-0.25	0.13	-0.6	-0.33
Discontinued Operations	0.54	0.52	0.53	0.55	0.53	0.53	0.55	0.57	0.53	0.53	0.47	-0.1	0.6	-0.03	0.27	0.31	0.13	0.36	0.43	0.28		-0.33	-0.25	-0.32	-0.06	0.4
Extraordinary Items	-0.05	-0.13	-0.02	-0.05	-0.01	-0.09	-0.11	-0.09	-0.01	-0.01	-0.11	-0.1	0.0	-0.19	-0.06	0.06	-0.12	0.12	-0.01	-0.12	-0.33		-0.02	-0.03	0.09	0.03
Tax Provision	-0.51	-0.71	-0.48	-0.4	-0.5	-0.04	-0.19	-0.33	-0.5	-0.49	0.0	0.6	-0.23	0.75	0.33	-0.02	0.11	0.02	-0.44	-0.25	-0.25	-0.02		0.73	-0.18	-0.29
Net Interest Income	-0.77	-0.95	-0.7	-0.65	-0.73	-0.28	-0.46	-0.61	-0.72	-0.77	-0.31	0.31	-0.49	0.48	0.03	-0.19	0.26	-0.46	-0.79	0.13	-0.32	-0.03	0.73		-0.63	-0.76
Interest Income	0.31	0.48	0.24	0.21	0.26	-0.02	0.11	0.2	0.24	0.3	0.05	-0.04	0.09	-0.18	-0.19	0.01	-0.63	0.21	0.4	-0.6	-0.06	0.09	-0.18	-0.63		0.46
Reconciled Depreciation	0.85	0.76	0.81	0.82	0.82	0.66	0.61	0.73	0.8	0.86	0.55	0.04	0.65	-0.07	0.39	0.45	0.08	0.78	0.91	-0.33	0.4	0.03	-0.29	-0.76	0.46

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L3Harris Technologies Account Relationship Matchups

L3Harris Technologies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	894M	1.0B	970M	947M	1.2B	1.2B
Interest Expense	167M	254M	265M	279M	543M	570.2M
Total Revenue	18.5B	18.2B	17.8B	17.1B	19.4B	20.4B
Gross Profit	5.1B	5.3B	5.4B	4.9B	5.1B	5.4B
Other Operating Expenses	16.3B	16.2B	15.7B	15.1B	18.0B	18.9B
Operating Income	2.3B	2.4B	2.6B	2.4B	1.4B	1.5B
Ebit	2.3B	1.6B	2.5B	1.6B	1.8B	1.9B
Ebitda	3.2B	2.6B	3.5B	2.5B	2.9B	3.1B
Cost Of Revenue	13.5B	12.9B	12.4B	12.1B	14.3B	15.0B
Total Operating Expenses	2.8B	3.3B	3.3B	3.0B	3.7B	3.9B
Income Before Tax	1.8B	1.3B	2.3B	1.3B	1.2B	1.3B
Total Other Income Expense Net	(444M)	13M	174M	146M	(205M)	(194.8M)
Net Income	1.6B	1.1B	1.8B	1.1B	1.2B	1.3B
Income Tax Expense	146M	234M	440M	212M	23M	21.9M
Selling General Administrative	2.0B	3.3B	3.3B	1.2B	1.5B	1.5B
Research Development	658M	684M	692M	603M	480M	435.5M
Net Income From Continuing Ops	953M	1.1B	1.8B	1.1B	1.2B	855.4M
Non Operating Income Net Other	4M	(26M)	190M	366M	420.9M	441.9M
Net Income Applicable To Common Shares	697M	947M	1.1B	1.8B	2.1B	2.2B
Discontinued Operations	(3M)	(4M)	(2M)	(1M)	(1.2M)	(1.2M)
Extraordinary Items	15M	(4M)	(2M)	(1M)	(1.2M)	(1.2M)
Tax Provision	160M	234M	440M	212M	23M	21.9M
Net Interest Income	(167M)	(254M)	(265M)	(279M)	(543M)	(515.9M)
Reconciled Depreciation	258M	1.0B	967M	938M	1.2B	774.9M

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L3Harris Historical Income Statement

About L3Harris Income Statement Analysis

L3Harris Technologies Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Income Before Tax

L3Harris Technologies income statement Correlations

L3Harris Technologies Account Relationship Matchups

High Positive Relationship

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L3Harris Technologies income statement Accounts

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Total Operating Expenses	+ 1.0	Depreciation And Amortization
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Revenue	+ 0.99	Depreciation And Amortization
Other Operating Expenses	+ 0.99	Depreciation And Amortization

Net Interest Income	- 0.95	Interest Expense
Net Interest Income	- 0.79	Non Operating Income Net Other
Net Interest Income	- 0.77	Total Operating Expenses
Net Interest Income	- 0.77	Depreciation And Amortization
Reconciled Depreciation	- 0.76	Net Interest Income
Net Interest Income	- 0.73	Other Operating Expenses