01—Abstract
Summary
Summary of the 10-Q filed November 4, 2008. Cited figures are marked; the original filing is the authoritative source.
L3 Technologies (LHX) reported its financial results for the quarter ended September 25, 2008.
The filing provides an overview of the company's performance, financial condition, and operational highlights during this period. Investors should pay close attention to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" (MD&A) section, which will offer detailed insights into revenue drivers, cost structures, and any significant factors impacting profitability and liquidity. The report also includes unaudited condensed consolidated financial statements, detailing the company's income, balance sheet, and cash flows.
02—Key points
Key Highlights
- The report covers the financial performance for the fiscal quarter ending September 25, 2008.
- Key financial statements, including the Condensed Consolidated Statement of Income, Balance Sheet, and Cash Flows, are provided.
- Management's Discussion and Analysis (MD&A) is a critical section for understanding operational performance and financial condition.
- The filing includes information on Legal Proceedings and Risk Factors, which are important for assessing potential company risks.
- Notes to the Condensed Consolidated Financial Statements offer crucial details and explanations for the reported figures.
- The report is accompanied by a Report of Independent Registered Public Accounting Firm, providing an external auditor's perspective.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q3 FY2009, L3HARRIS Technologies, Inc. kept $0.10.
- Revenue$1.17B100.0%
- Cost of revenue−$791.9M67.5%
- Gross profit$380.7M32.5%
- Operating costs−$261.3M22.3%
- Operating income$119.4M10.2%
- Interest, other & tax−$700,0000.1%
- Net income$118.7M10.1%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2009filed November 4, 2008Financial Statements
| Revenue | $1.17B |
| Cost of Revenue | $791.90M |
| Gross Profit | $380.70M |
| Operating Expenses | $189.60M |
| Operating Income | $119.40M |
| Interest Expense | $12.40M |
| Net Income | $118.70M |
| EPS (Basic) | $0.89 |
| EPS (Diluted) | $0.88 |
| Shares Outstanding (Basic) | 134.00M |
| Shares Outstanding (Diluted) | 134.70M |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides L3 Technologies' unaudited financial results and operational information for the fiscal quarter ended September 25, 2008. It allows investors to monitor the company's performance and financial health between annual reports.
Where can I find the most detailed explanation of the company's financial performance for the quarter?
The most detailed explanation can be found in Item 2, 'Management's Discussion and Analysis of Financial Condition and Results of Operations.' This section breaks down the financial results, discusses key trends, and elaborates on the factors influencing the company's performance.
What are the key financial statements included in this report?
The report includes the Condensed Consolidated Statement of Income for the quarter, the Condensed Consolidated Balance Sheet as of September 26, 2008, and the Condensed Consolidated Statement of Cash Flows for the quarter.
Are there any significant risks or legal matters disclosed in this filing?
Yes, Item 1A 'Risk Factors' and Item 1 'Legal Proceedings' provide disclosures regarding potential risks the company faces and any ongoing legal matters that could impact the business.
06—Continue