01—Abstract
Summary
Summary of the 8-K filed July 31, 2019. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from L3Harris Technologies, Inc. (LHX) on July 31, 2019, primarily serves as a notification and filing of historical financial information pertaining to L3 Technologies, Inc. following its merger with Harris Corporation.
The merger, which was completed on June 29, 2019, resulted in the formation of L3Harris Technologies, Inc. This report officially includes the unaudited condensed consolidated financial statements of L3 Technologies, Inc. as of June 28, 2019, and for the six-month period then ended. For investors, this filing is significant as it provides the initial financial statements of the acquired entity, L3, post-merger.
This data is crucial for understanding the standalone financial health and performance of the L3 business segment prior to its full integration into the combined L3Harris entity. Investors should review these statements to gain insights into L3's asset base, liabilities, revenues, and expenses, which will form a component of the overall L3Harris financial picture going forward.
02—Key points
Key Highlights
- L3Harris Technologies, Inc. (LHX) filed an 8-K on July 31, 2019.
- The filing includes unaudited condensed consolidated financial statements for L3 Technologies, Inc. as of June 28, 2019.
- These financial statements cover the quarterly and six-month periods ended June 28, 2019.
- The report formally incorporates the financial data of L3 as required after the merger completion.
- The merger between Harris Corporation and L3 Technologies, Inc. was completed on June 29, 2019.
- This filing provides historical financial context for the L3 business prior to full integration into L3Harris.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to formally present the unaudited condensed consolidated financial statements of L3 Technologies, Inc. for the periods leading up to and ending on June 28, 2019, following its merger with Harris Corporation. It fulfills reporting requirements related to the acquisition.
When did the merger between Harris Corporation and L3 Technologies, Inc. officially close?
The merger between Harris Corporation and L3 Technologies, Inc. officially closed on June 29, 2019.
What specific financial information is included in this filing?
This filing includes the unaudited condensed consolidated balance sheets of L3 Technologies, Inc. as of June 28, 2019, and the related unaudited condensed consolidated statements of operations, comprehensive income, equity, and cash flows for the quarterly and six-month periods ended June 28, 2019.
Why is this historical financial data important for investors?
This historical financial data is important for investors as it provides a clear view of L3 Technologies' financial standing and performance before its full integration into the combined L3Harris entity. This allows for a better understanding of the acquired business's contribution and financial characteristics.
04—Continue