# L3HARRIS TECHNOLOGIES, INC. (LHX) FY2024 Annual P&L / Income Statement - Company: L3HARRIS TECHNOLOGIES, INC. (LHX) - Period: 2023-12-30 to 2025-01-03 - Filing: FY2024 10-K, filed 2025-02-14, accession number 0000202058-25-000023 - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service 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. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2023-12-30 through 2025-01-03. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Space and Airborne Systems Segment**: 6,869,000,000 US dollars - **Integrated Mission Systems Segment**: 6,842,000,000 US dollars - **Communication Systems Segment**: 5,459,000,000 US dollars - **Aerojet Rocketdyne Segment**: 2,347,000,000 US dollars - **General and administrative expenses**: 3,568,000,000 US dollars - **Impairment of goodwill and other assets**: 38,000,000 US dollars - **Revenue before reconciliation (calculated)**: 21,517,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Other**: negative 192,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Space and Airborne Systems Segment costs (calculated)**: 6,057,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Integrated Mission Systems Segment costs (calculated)**: 6,004,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Communication Systems Segment costs (calculated)**: 4,135,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Aerojet Rocketdyne Segment costs (calculated)**: 2,053,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 1,158,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### 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. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to L3HARRIS TECHNOLOGIES, INC.: $1.50 B; to noncontrolling interests: $10.00 M. ## Chart details: Revenue by Business Segment by Basis of Pricing - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement/revenue-by-business-segment-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-revenue-by-business-segment-by-basis-of-pricing-sankey.png Income statement for 2023-12-30 through 2025-01-03. View: Segments by Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Aerojet Rocketdyne Segment - Cost-reimbursable**: 958,000,000 US dollars - **Aerojet Rocketdyne Segment - Fixed-price**: 1,389,000,000 US dollars - **Communication Systems Segment - Cost-reimbursable**: 824,000,000 US dollars - **Communication Systems Segment - Fixed-price**: 4,566,000,000 US dollars - **Integrated Mission Systems Segment - Cost-reimbursable**: 1,392,000,000 US dollars - **Integrated Mission Systems Segment - Fixed-price**: 5,378,000,000 US dollars - **Space and Airborne Systems Segment - Cost-reimbursable**: 2,525,000,000 US dollars - **Space and Airborne Systems Segment - Fixed-price**: 4,293,000,000 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. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2023-12-30 through 2025-01-03. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Aerojet Rocketdyne Segment - UNITED STATES**: 2,299,000,000 US dollars - **Aerojet Rocketdyne Segment - International**: 48,000,000 US dollars - **Communication Systems Segment - UNITED STATES**: 3,741,000,000 US dollars - **Communication Systems Segment - International**: 1,649,000,000 US dollars - **Integrated Mission Systems Segment - UNITED STATES**: 4,926,000,000 US dollars - **Integrated Mission Systems Segment - International**: 1,844,000,000 US dollars - **Space and Airborne Systems Segment - UNITED STATES**: 5,971,000,000 US dollars - **Space and Airborne Systems Segment - International**: 847,000,000 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. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2023-12-30 through 2025-01-03. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **UNITED STATES**: 19,614,000,000 US dollars - **International**: 1,711,000,000 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. ## Chart details: Revenue by Business Segment by Sales Channel - Page: https://plicit.ai/financials/lhx/fy2024-annual-income-statement/revenue-by-business-segment-by-sales-channel - Chart image: https://plicit.ai/charts/lhx-fy2024-annual-revenue-by-business-segment-by-sales-channel-sankey.png Income statement for 2023-12-30 through 2025-01-03. View: Segments by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Aerojet Rocketdyne Segment - Prime contractor**: 602,000,000 US dollars - **Aerojet Rocketdyne Segment - Subcontractor**: 1,745,000,000 US dollars - **Communication Systems Segment - Prime contractor**: 3,801,000,000 US dollars - **Communication Systems Segment - Subcontractor**: 1,589,000,000 US dollars - **Integrated Mission Systems Segment - Prime contractor**: 4,341,000,000 US dollars - **Integrated Mission Systems Segment - Subcontractor**: 2,429,000,000 US dollars - **Space and Airborne Systems Segment - Prime contractor**: 4,307,000,000 US dollars - **Space and Airborne Systems Segment - Subcontractor**: 2,511,000,000 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.