8-KOther EventsExhibits & Filings

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Sep 11, 2019)

Filed September 11, 2019For Securities:LHX

Summary

L3Harris Technologies, Inc. (LHX) filed an 8-K on September 11, 2019, to provide pro forma financial information related to the merger of Harris Corporation and L3 Technologies, Inc. This filing includes unaudited pro forma condensed combined financial statements as of and for the fiscal year ended June 28, 2019. The pro forma data offers a hypothetical view of the combined company's financial position and performance had the merger occurred on the presented dates. Investors should note that this information is for informational purposes only and is not a definitive indicator of future financial results. The report's primary purpose is to present the anticipated financial structure and operational capacity of the newly combined entity, L3Harris Technologies, following the all-stock merger of equals. The full details and impact of the merger are further elaborated in Exhibit 99.1.

Key Highlights

  • 1Filing provides pro forma financial information for the combined L3Harris Technologies entity.
  • 2Information relates to the merger of Harris Corporation and L3 Technologies, Inc.
  • 3Includes unaudited pro forma condensed combined balance sheet as of June 28, 2019.
  • 4Includes unaudited pro forma condensed combined statement of income for the fiscal year ended June 28, 2019.
  • 5The merger was an all-stock merger of equals.
  • 6Pro forma information is for informational purposes and does not represent actual historical results.
  • 7Exhibit 99.1 contains the detailed pro forma financial statements and related notes.

Frequently Asked Questions

The main purpose of this 8-K filing is to present unaudited pro forma condensed combined financial information for L3Harris Technologies, Inc., reflecting the combination of Harris Corporation and L3 Technologies, Inc. This data illustrates what the combined company's financial position and income statement would have looked like if the merger had been completed on the dates presented.

No, the financial statements provided in Exhibit 99.1 are pro forma. This means they are hypothetical and do not represent the actual historical financial results that L3Harris Technologies achieved. They are presented to give investors an estimate of the combined entity's financial standing.

A 'merger of equals' typically implies that two companies of similar size and market presence are combining, with shareholders of both original companies receiving equity in the newly formed entity. In this case, Harris Corporation and L3 Technologies combined into L3Harris Technologies, Inc. through an all-stock transaction.

The detailed unaudited pro forma condensed combined balance sheet and statement of income, along with related notes, are included as Exhibit 99.1 to this Current Report on Form 8-K.