L3Harris Technologies Inc (LHX) financial statements: income statement, balance sheet and cash flow
L3Harris Technologies Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 2, 2026 · FY), L3Harris Technologies Inc reported revenue of $21.9B (+2.5% year on year) and net income of $1.6B (+6.2% year on year).
Income statement
L3Harris Technologies Inc income statement, fiscal years
Line item
Jan 2, 2026 · FY
Jan 3, 2025 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Revenue
$21.9B
$21.3B
$19.4B
$17.1B
Cost of revenue
($16.2B)
($15.8B)
($14.3B)
($12.1B)
General and administrative expenses
($3.4B)
($3.6B)
($3.3B)
($3.0B)
Impairment of goodwill and other assets
($85.0M)
($38.0M)
($374.0M)
($802.0M)
Operating income
$2.1B
$1.9B
$1.4B
—
Non-service FAS pension income and other, net
$419.0M
$354.0M
$338.0M
—
Interest expense, net
($597.0M)
($675.0M)
($543.0M)
—
Income before income taxes
$1.9B
$1.6B
$1.2B
$1.3B
Income taxes
($326.0M)
($85.0M)
($23.0M)
($212.0M)
Net income
$1.6B
$1.5B
$1.2B
$1.1B
Noncontrolling interests, net of tax
$0
($10.0M)
$29.0M
$1.0M
Net income attributable to L3Harris
$1.6B
$1.5B
$1.2B
$1.1B
Basic (in dollars per share)
$8.57
$7.91
$6.47
$5.54
Diluted (in dollars per share)
$8.53
$7.87
$6.44
$5.49
L3Harris Technologies Inc income statement, quarters
Line item
Jul 3, 2026 · Q2
Apr 3, 2026 · Q1
Oct 3, 2025 · Q3
Jun 27, 2025 · Q2
Revenue
$5.9B
$5.7B
$5.7B
$5.4B
Cost of revenue
($4.4B)
($4.3B)
($4.2B)
($4.1B)
General and administrative expenses
($848.0M)
($750.0M)
($873.0M)
($764.0M)
Operating income
$654.0M
$652.0M
$621.0M
$571.0M
Non-service FAS pension income and other, net
$185.0M
$73.0M
$98.0M
$105.0M
Interest expense, net
($129.0M)
($136.0M)
($152.0M)
($152.0M)
Income before income taxes
$710.0M
$589.0M
$567.0M
$524.0M
Income tax expense
($110.0M)
($77.0M)
($105.0M)
($66.0M)
Net income
$600.0M
$512.0M
$462.0M
$458.0M
Subsidiary preferred stock deemed dividend
($14.0M)
—
—
—
Net income available to common shareholders
$586.0M
—
—
—
Basic (in dollars per share)
$3.15
$2.74
$2.47
$2.45
Diluted (in dollars per share)
$3.13
$2.72
$2.46
$2.44
Balance sheet
L3Harris Technologies Inc balance sheet, fiscal years
Line item
Jan 2, 2026 · FY
Jan 3, 2025 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Cash and cash equivalents
$1.1B
$615.0M
$560.0M
$880.0M
Receivables, net
$1.4B
$1.1B
$1.2B
$1.3B
Contract assets
$3.6B
$3.2B
$3.2B
$3.0B
Inventories, net
$1.2B
$1.3B
$1.5B
$1.3B
Income taxes receivable
$53.0M
$379.0M
—
$40.0M
Other current assets
$431.0M
$461.0M
$491.0M
$258.0M
Assets of business held for sale
$884.0M
$1.1B
$1.1B
$47.0M
Total current assets
$8.6B
$8.2B
$8.1B
$6.8B
Property, plant and equipment, net
$2.7B
$2.8B
$2.9B
$2.1B
Goodwill
$20.0B
$20.3B
$20.0B
$17.3B
Intangible assets, net
$6.5B
$7.6B
$8.5B
$6.0B
Deferred income taxes
$76.0M
$120.0M
$91.0M
$73.0M
Other non-current assets
$3.3B
$2.9B
$2.2B
$553.0M
Total assets
$41.2B
$42.0B
$41.7B
$33.5B
Short-term debt
$0
$515.0M
$1.6B
$2.0M
Accounts payable
$2.5B
$2.0B
$2.1B
$1.9B
Contract liabilities
$2.3B
$2.1B
$1.9B
$1.4B
Compensation and benefits
$482.0M
$419.0M
$544.0M
$398.0M
Other current liabilities
$1.9B
$1.6B
—
—
Liabilities of business held for sale
$113.0M
$235.0M
$272.0M
$19.0M
Total current liabilities
$7.2B
$7.6B
$8.0B
$5.8B
Long-term debt, net of current portion
$10.4B
$11.1B
$11.2B
$6.2B
Deferred income taxes
$1.1B
$942.0M
$815.0M
$719.0M
Other non-current liabilities
$2.8B
$2.8B
$2.9B
$1.2B
Total liabilities
$21.6B
$22.4B
$22.9B
—
Common stock
$187.0M
$190.0M
$190.0M
$191.0M
Paid-in capital
$15.1B
$15.6B
$15.6B
$15.7B
Retained earnings
$4.2B
$3.7B
$3.2B
$2.9B
Accumulated other comprehensive income
$119.0M
$27.0M
($198.0M)
($288.0M)
Total shareholders’ equity
$19.6B
$19.5B
$18.8B
$18.5B
Noncontrolling interests
$0
$65.0M
$64.0M
$101.0M
Total equity
$19.6B
$19.6B
$18.8B
$18.6B
Total liabilities and equity
$41.2B
$42.0B
$41.7B
$33.5B
L3Harris Technologies Inc balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Oct 3, 2025
Jun 27, 2025
Cash and cash equivalents
$1.5B
$590.0M
$339.0M
$482.0M
Receivables, net
$1.9B
$1.9B
$1.5B
$1.4B
Contract assets
$3.7B
$3.5B
$3.7B
$3.9B
Inventories, net
$1.3B
$1.2B
$1.3B
$1.3B
Other current assets
$656.0M
$702.0M
$477.0M
$481.0M
Assets of business held for sale
$1.0B
$926.0M
$0
$0
Total current assets
$10.1B
$8.9B
$7.6B
$7.6B
Property, plant and equipment, net
$2.7B
$2.7B
$2.8B
$2.7B
Goodwill
$20.0B
$20.0B
$20.4B
$20.4B
Intangible assets, net
$6.5B
$6.3B
$7.1B
$7.3B
Deferred income taxes
$65.0M
$71.0M
$87.0M
$89.0M
Other non-current assets
$3.6B
$3.4B
$3.1B
$3.2B
Total assets
$42.9B
$41.4B
$41.0B
$41.2B
Current portion of long-term debt
$1.8B
$1.8B
—
$141.0M
Accounts payable
$2.1B
$1.9B
$1.9B
$2.0B
Contract liabilities
$2.9B
$2.7B
$2.2B
$2.3B
Compensation and benefits
$376.0M
$391.0M
$486.0M
$444.0M
Other current liabilities
$1.2B
$1.3B
$1.3B
$1.4B
Liabilities of business held for sale
$113.0M
$111.0M
$0
$0
Total current liabilities
$8.5B
$8.6B
$6.6B
$7.3B
Long-term debt, net
$9.2B
$9.2B
$11.0B
$11.0B
Deferred income taxes
$1.4B
$1.2B
$1.0B
$800.0M
Derivative liability
$316.0M
—
—
—
Other non-current liabilities
$2.7B
$2.7B
$2.8B
$2.9B
Total liabilities
$22.1B
$21.7B
$21.5B
$22.0B
Redeemable subsidiary Series A convertible preferred stock, $1,422 redemption amount
$968.0M
—
—
—
Common stock, $1 par value per share
$186000000.00
$187000000.00
$187000000.00
$187000000.00
Paid-in capital
$14.9B
$15.0B
$15.2B
$15.1B
Retained earnings
$4.7B
$4.4B
$4.2B
$4.0B
Accumulated other comprehensive income
$91.0M
$98.0M
$22.0M
$31.0M
Total equity
$19.9B
$19.7B
$19.5B
$19.3B
Total liabilities, mezzanine equity, and equity
$42.9B
$41.4B
$41.0B
$41.2B
Cash flow statement
L3Harris Technologies Inc cash flow statement, fiscal years
Line item
Jan 2, 2026 · FY
Jan 3, 2025 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Net income
$1.6B
$1.5B
$1.2B
$1.1B
Depreciation and amortization
$1.2B
$1.3B
—
—
Share-based compensation
$113.0M
$97.0M
$89.0M
$109.0M
Net periodic benefit income
($330.0M)
($286.0M)
($275.0M)
($395.0M)
Share-based matching contributions under defined contribution plans
$253.0M
$264.0M
$231.0M
$216.0M
Impairment of goodwill and other assets
$85.0M
$38.0M
$374.0M
$802.0M
Deferred income taxes
$206.0M
$174.0M
($423.0M)
($596.0M)
Receivables, net
($343.0M)
$128.0M
$124.0M
($210.0M)
Contract assets
($437.0M)
($194.0M)
$62.0M
$23.0M
Inventories, net
$117.0M
$96.0M
($182.0M)
($310.0M)
Other current assets
$17.0M
($29.0M)
($55.0M)
$13.0M
Accounts payable
$475.0M
($90.0M)
$87.0M
$180.0M
Contract liabilities
$181.0M
$126.0M
$195.0M
$121.0M
Compensation and benefits
$70.0M
($128.0M)
$38.0M
($45.0M)
Other current liabilities
($423.0M)
$155.0M
—
—
Income taxes
$365.0M
($383.0M)
($333.0M)
$499.0M
Other operating activities
($73.0M)
($210.0M)
($163.0M)
($73.0M)
Net cash provided by operating activities
$3.1B
$2.6B
$2.1B
$2.2B
Net cash paid for acquired businesses
$0
$0
($6.7B)
—
Capital expenditures
($424.0M)
($408.0M)
($449.0M)
($252.0M)
Proceeds from sales of businesses, net of cash divested
$820.0M
$273.0M
$71.0M
$5.0M
Other investing activities
$11.0M
($129.0M)
($11.0M)
$12.0M
Net cash provided by (used in) investing activities
$407.0M
($263.0M)
($7.0B)
($250.0M)
Proceeds from issuances of long-term debt, net
$0
$2.8B
$7.6B
—
Repayments of long-term debt
($618.0M)
($2.6B)
($3.2B)
—
Change in commercial paper, maturities under 90 days, net
($515.0M)
($567.0M)
—
—
Proceeds from commercial paper, maturities over 90 days
$0
$688.0M
—
—
Repayments of commercial paper, maturities over 90 days
$0
($1.2B)
—
—
Repurchases of common stock
($1.2B)
($554.0M)
($518.0M)
($1.1B)
Dividends paid
($903.0M)
($886.0M)
($868.0M)
($864.0M)
Other financing activities
$108.0M
($40.0M)
($41.0M)
($6.0M)
Net cash (used in) provided by financing activities
($3.1B)
($2.2B)
$4.6B
($2.0B)
Effect of exchange rate changes on cash and cash equivalents
$23.0M
($17.0M)
$11.0M
($18.0M)
Net increase (decrease) in cash and cash equivalents