Leonardo DRS, Inc. (DRS) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Leonardo DRS, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from sales of assets → investing reconciliation: $1,000,000.00investing reconciliation → Capital expenditures: $59,000,000.00Proceeds from stock issuance → financing reconciliation: $5,000,000.00financing reconciliation → Repayments of borrowings: $191,000,000.00financing reconciliation → Dividends paid - Related Party: $34,000,000.00financing reconciliation → Payments of employee taxes withheld from stock-based awards: $25,000,000.00financing reconciliation → Repurchases of common stock: $16,000,000.00financing reconciliation → Dividends paid - Nonrelated Party: $14,000,000.00financing reconciliation → Other: $8,000,000.00financing reconciliation → Net decrease in borrowings (maturities of 90 days or less): $5,000,000.00Net cash used in operating activities → operating reconciliation: $31,000,000.00Net earnings → operating reconciliation: $148,000,000.00Depreciation and amortization → operating reconciliation: $50,000,000.00Accounts receivable → operating reconciliation: $15,000,000.00Contract liabilities → operating reconciliation: $13,000,000.00Other current liabilities → operating reconciliation: $13,000,000.00Stock-based compensation expense → operating reconciliation: $11,000,000.00Other noncurrent assets → operating reconciliation: $6,000,000.00operating reconciliation → Accounts payable: $159,000,000.00operating reconciliation → Contract assets: $72,000,000.00operating reconciliation → Inventories: $31,000,000.00operating reconciliation → Other noncurrent liabilities: $15,000,000.00operating reconciliation → Defined benefit obligations: $4,000,000.00operating reconciliation → Prepaid expenses: $3,000,000.00operating reconciliation → Other current assets: $3,000,000.00Net cash used in financing activities → financing reconciliation: $288,000,000.00Net cash used in investing activities → investing reconciliation: $58,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $647,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $270,000,000.00Cash sources and uses → Net cash used in investing activities: $58,000,000.00Cash sources and uses → Net cash used in financing activities: $288,000,000.00Cash sources and uses → Net cash used in operating activities: $31,000,000.00Net earnings: $148,000,000.00Net earnings+$148.00 MDepreciation and amortization: $50,000,000.00Depreciation & amortization+$50.00 MDeferred income taxes: $0.00Stock-based compensation expense: $11,000,000.00Stock-based compensation+$11.00 MAccounts receivable: $15,000,000.00Accounts receivable+$15.00 MContract assets: -$72,000,000.00Contract assets−$72.00 MInventories: -$31,000,000.00Inventories−$31.00 MPrepaid expenses: -$3,000,000.00Prepaid expenses−$3.00 MOther current assets: -$3,000,000.00Other current assets−$3.00 MOther noncurrent assets: $6,000,000.00Other noncurrent assets+$6.00 MDefined benefit obligations: -$4,000,000.00Pension & retiree obligations−$4.00 MAccounts payable: -$159,000,000.00Accounts payable−$159.00 MContract liabilities: $13,000,000.00Deferred revenue+$13.00 MOther current liabilities: $13,000,000.00Other current liabilities+$13.00 MOther noncurrent liabilities: -$15,000,000.00Other noncurrent liabilities−$15.00 MNet cash used in operating activities: -$31,000,000.00. Cash required to fund net payments.Operating cash−$31.00 Moperating reconciliation: $287,000,000.00Net decrease in borrowings (maturities of 90 days or less): -$5,000,000.00Short-term debt ≤3 months, net−$5.00 MRepayments of borrowings: -$191,000,000.00Long-term credit line repayments−$191.00 MProceeds from stock issuance: $5,000,000.00Common stock issued+$5.00 MRepurchases of common stock: -$16,000,000.00Common stock repurchases−$16.00 MPayments of employee taxes withheld from stock-based awards: -$25,000,000.00Stock-award tax withholding−$25.00 MDividends paid - Nonrelated Party: -$14,000,000.00Dividends paid: nonrelated party−$14.00 MDividends paid - Related Party: -$34,000,000.00Dividends paid - Related Party−$34.00 MOther: -$8,000,000.00Other financing, net−$8.00 MNet cash used in financing activities: -$288,000,000.00. Cash required to fund net payments.Financing cash−$288.00 Mfinancing reconciliation: $293,000,000.00Capital expenditures: -$59,000,000.00PP&E purchases−$59.00 MProceeds from sales of assets: $1,000,000.00Asset sales+$1.00 MNet cash used in investing activities: -$58,000,000.00. Cash required to fund net payments.Investing cash−$58.00 Minvesting reconciliation: $59,000,000.00Cash sources and uses: $647,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $647,000,000.00Beginning cash$647.00 MEnding cash: Cash, cash equivalents, and restricted cash: $270,000,000.00Ending cash$270.00 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsFree cash flow−$90.00 MOperating cash − cash spent on PP&ECash flow / Net income−0.21×Operating cash flow ÷ net incomeNet cash change−$377.00 MEnding cash − beginning cash
Chart details

Leonardo DRS, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
647,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 31,000,000 US dollars. Net cash used.
Net earnings
148,000,000 US dollars
Depreciation and amortization
50,000,000 US dollars
Deferred income taxes
0 US dollars
Stock-based compensation expense
11,000,000 US dollars
Accounts receivable
15,000,000 US dollars
Contract assets
negative 72,000,000 US dollars
Inventories
negative 31,000,000 US dollars
Prepaid expenses
negative 3,000,000 US dollars
Other current assets
negative 3,000,000 US dollars
Other noncurrent assets
6,000,000 US dollars
Defined benefit obligations
negative 4,000,000 US dollars
Accounts payable
negative 159,000,000 US dollars
Contract liabilities
13,000,000 US dollars
Other current liabilities
13,000,000 US dollars
Other noncurrent liabilities
negative 15,000,000 US dollars
Investing activities
negative 58,000,000 US dollars. Net cash used.
Capital expenditures
negative 59,000,000 US dollars
Proceeds from sales of assets
1,000,000 US dollars
Financing activities
negative 288,000,000 US dollars. Net cash used.
Net decrease in borrowings (maturities of 90 days or less)
negative 5,000,000 US dollars
Repayments of borrowings
negative 191,000,000 US dollars
Proceeds from stock issuance
5,000,000 US dollars
Repurchases of common stock
negative 16,000,000 US dollars
Payments of employee taxes withheld from stock-based awards
negative 25,000,000 US dollars
Dividends paid - Nonrelated Party
negative 14,000,000 US dollars
Dividends paid - Related Party
negative 34,000,000 US dollars
Other
negative 8,000,000 US dollars
Operating adjustment reconciliation
287,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
293,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
59,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
270,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
647,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 377,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.21×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 31,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
59,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 90,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 31,000,000 US dollars minus 59,000,000 US dollars equals negative 90,000,000 US dollars.
Leonardo DRS, Inc. (DRS) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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