10-QPeriod: Q3 FY2011

L3HARRIS TECHNOLOGIES, INC. /DE/ Quarterly Report for Q3 Ended Oct 1, 2010

Filed October 28, 2010For Securities:LHX

Summary

L3Harris Technologies (LHX) reported its financial results for the quarter ended October 1, 2010. The filing provides unaudited condensed consolidated financial statements, including income, balance sheet, and cash flow statements, along with management's discussion and analysis of financial condition and results of operations. Investors should pay close attention to the detailed breakdown of revenues, costs, and expenses to understand the company's performance and operational efficiency during the period. The balance sheet will offer insights into the company's asset base, liabilities, and overall financial health, while the cash flow statement will highlight the sources and uses of cash, crucial for assessing liquidity and investment activities.

Financial Highlights

51 data points
Beta

Revenue

$1.41B

37.3% Gross Margin

Net Income

$163.90M

11.7% Net Margin

EPS (Diluted)

$1.27

Total Assets

$5.21B

Cash & Equivalents

$341.40M

Free Cash Flow

$257.80M

Financial Statements
Beta
Revenue$1.41B
Cost of Revenue$881.10M
Gross Profit$524.30M
Operating Expenses$255.20M
Interest Expense$17.80M
Net Income$163.90M
EPS (Basic)$1.28
EPS (Diluted)$1.27
Shares Outstanding (Basic)126.80M
Shares Outstanding (Diluted)127.70M

Key Highlights

  • 1The report covers the unaudited condensed consolidated financial statements for the quarter ending October 1, 2010, and comparative periods.
  • 2Key financial statements include the Statement of Income, Balance Sheet, and Statement of Cash Flows.
  • 3Management's Discussion and Analysis (MD&A) section provides crucial context on the company's financial performance and outlook.
  • 4The filing includes disclosures on market risk, controls and procedures, and legal proceedings.
  • 5Risk factors are detailed, offering investors insight into potential challenges and uncertainties facing the company.
  • 6Information regarding unregistered sales of equity securities and use of proceeds is also presented.

Frequently Asked Questions

Investors should focus on the Condensed Consolidated Statement of Income, which details revenue, cost of sales, operating expenses, and net income for the quarter, allowing for an assessment of profitability and operational efficiency compared to prior periods.

The Balance Sheet provides a snapshot of L3Harris's assets, liabilities, and equity at a specific point in time (October 1, 2010, and July 2, 2010). Investors can analyze trends in current assets, long-term assets, debt levels, and shareholder equity to understand the company's liquidity, solvency, and capital structure.

The Statement of Cash Flows breaks down cash generated and used by operating, investing, and financing activities. This is vital for investors to assess the company's ability to generate cash from its core business, fund capital expenditures, repay debt, and return capital to shareholders.

Item 1A, Risk Factors, will detail specific risks such as market demand, competitive landscape, regulatory changes, and operational challenges. Investors should carefully review these factors to understand potential headwinds and how management is addressing them.