L3HARRIS TECHNOLOGIES, INC. (LHX) FY2024 Annual P&L / Income Statement

L3HARRIS TECHNOLOGIES, INC. (LHX) FY2024 Annual P&L / Income Statement

Income statement for 2023-12-30 through 2025-01-03. View: Product and service. Revenue and costs use their disclosed categories.

Revenue

21,325,000,000 US dollars

Cost of revenue

15,801,000,000 US dollars

Gross profit (calculated)

5,524,000,000 US dollars

Operating expenses (calculated)

3,606,000,000 US dollars

Operating income

1,918,000,000 US dollars

Other income (expense), net (calculated)

negative 321,000,000 US dollars

Income before income taxes

1,597,000,000 US dollars

Income taxes

85,000,000 US dollars

Net income

1,512,000,000 US dollars

Product revenue

15,134,000,000 US dollars

Services revenue

6,191,000,000 US dollars

Product cost of revenue

11,019,000,000 US dollars

Services cost of revenue

4,782,000,000 US dollars

General and administrative expenses

3,568,000,000 US dollars

Impairment of goodwill and other assets

38,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to L3HARRIS TECHNOLOGIES, INC.: $1.50 B; to noncontrolling interests: $10.00 M.