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: 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.