01—Abstract
Summary
Summary of the 10-Q filed May 12, 2009. Cited figures are marked; the original filing is the authoritative source.
L3 Technologies, Inc. (LHX) filed its 10-Q for the period ending April 3, 2009, providing an unaudited look at its financial performance and operational condition.
For investors, the key takeaway is the company's financial standing during a period likely impacted by broader economic conditions. Investors should pay close attention to the condensed consolidated statements of income, balance sheet, and cash flows for the relevant periods to understand revenue trends, profitability, liquidity, and the company's overall financial health. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind the reported numbers, including any significant changes in revenue, cost of sales, operating expenses, and the factors influencing cash flows.
Investors should also review the risk factors and legal proceedings to gauge potential headwinds and liabilities that could affect future performance. The filing provides a snapshot of LHX's operational and financial landscape during this fiscal quarter.
02—Key points
Key Highlights
- The report provides unaudited financial statements for the quarter and three quarters ending April 3, 2009, offering a current view of the company's performance.
- Key financial statements included are the Condensed Consolidated Statement of Income, Balance Sheet, and Cash Flows.
- Management's Discussion and Analysis (MD&A) is a critical section for understanding the performance drivers and financial condition.
- The filing details the company's liquidity and capital resources through the Statement of Cash Flows.
- Risk factors and legal proceedings are disclosed in Part II, highlighting potential challenges and liabilities.
- The report covers the period ending April 3, 2009, allowing for comparison with prior periods, such as March 28, 2008, for the income statement and cash flows.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2010, L3HARRIS Technologies, Inc. kept $0.09.
- Revenue$1.21B100.0%
- Cost of revenue−$813.3M67.5%
- Gross profit$391.8M32.5%
- Operating costs−$255.9M21.2%
- Operating income$135.9M11.3%
- Interest, other & tax−$21.7M1.8%
- Net income$114.2M9.5%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2010filed May 12, 2009Financial Statements
| Revenue | $1.21B |
| Cost of Revenue | $813.30M |
| Gross Profit | $391.80M |
| Operating Expenses | $188.40M |
| Operating Income | $135.90M |
| Interest Expense | $12.60M |
| Net Income | $114.20M |
| EPS (Basic) | $0.86 |
| EPS (Diluted) | $0.86 |
| Shares Outstanding (Basic) | 132.70M |
| Shares Outstanding (Diluted) | 133.10M |
05—Questions
Frequently Asked Questions
What is the primary financial performance indicator reported in this 10-Q?
The primary financial performance indicator reported is the Condensed Consolidated Statement of Income, which details the company's revenues, cost of sales, gross profit, operating expenses, and net income for the reported periods.
How can investors assess L3 Technologies' financial health from this filing?
Investors can assess L3 Technologies' financial health by reviewing the Condensed Consolidated Balance Sheet for its assets, liabilities, and equity, and the Condensed Consolidated Statement of Cash Flows for its operating, investing, and financing activities, as well as its overall liquidity.
What are the main risks or challenges L3 Technologies is facing, as disclosed in the report?
The main risks and challenges would be detailed in Item 1A, Risk Factors, and Item 1, Legal Proceedings. Investors should carefully review these sections for information on potential market risks, operational challenges, competitive landscape, and any ongoing litigation that could impact the company.
What is the significance of the unaudited nature of these financial statements?
The unaudited nature means these financial statements have not been subjected to the same level of rigorous audit procedures as annual financial statements. While they provide timely information, investors should consider them as preliminary and subject to potential adjustments in future filings.
06—Continue