# L3HARRIS TECHNOLOGIES, INC. (LHX) FY2024 YTD Q3 Statement of Cash Flows

- Company: L3HARRIS TECHNOLOGIES, INC. (LHX)
- Period: 2023-12-30 to 2024-09-27
- Filing: Q3 FY2024 10-Q, filed 2024-10-25, accession number 0000202058-24-000168
- Page: https://plicit.ai/financials/lhx/fy2024-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/lhx-fy2024-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Dec 30, 2023 through Sep 27, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 29, 2023. Ending cash: Sep 27, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 29, 2023**: 560,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 1,430,000,000 US dollars. Net cash provided.
- **Accounts payable**: negative 45,000,000 US dollars
- **Contract assets**: negative 372,000,000 US dollars
- **Contract liabilities**: negative 150,000,000 US dollars
- **Inventories, net**: 46,000,000 US dollars
- **Share-based compensation**: 76,000,000 US dollars
- **Compensation and benefits**: negative 145,000,000 US dollars
- **Net income**: 1,056,000,000 US dollars
- **Pension and other postretirement benefit plan income**: negative 215,000,000 US dollars
- **Other current assets**: negative 32,000,000 US dollars
- **Other operating activities**: negative 135,000,000 US dollars
- **Deferred income taxes**: 220,000,000 US dollars
- **Receivables, net**: 163,000,000 US dollars
- **Income taxes**: negative 258,000,000 US dollars
- **Depreciation and amortization**: 963,000,000 US dollars
- **Other current liabilities**: 59,000,000 US dollars
- **Share-based matching contributions under defined contribution plans**: 199,000,000 US dollars
- **Investing activities**: negative 151,000,000 US dollars. Net cash used.
- **Other investing activities**: negative 19,000,000 US dollars
- **Additions to property, plant and equipment**: negative 290,000,000 US dollars
- **Net cash paid for acquired businesses**: 0 US dollars
- **Proceeds from sales of businesses, net**: 158,000,000 US dollars
- **Financing activities**: negative 1,309,000,000 US dollars. Net cash used.
- **Other financing activities**: negative 36,000,000 US dollars
- **Dividends paid**: negative 665,000,000 US dollars
- **Change in commercial paper, maturities under 90 days, net**: 93,000,000 US dollars
- **Repayments of borrowings**: negative 2,609,000,000 US dollars
- **Repayments of commercial paper, maturities over 90 days**: negative 1,205,000,000 US dollars
- **Repurchases of common stock**: negative 512,000,000 US dollars
- **Proceeds from commercial paper, maturities over 90 days**: 688,000,000 US dollars
- **Proceeds from exercises of employee stock options**: 111,000,000 US dollars
- **Proceeds from borrowings, net of issuance cost**: 2,826,000,000 US dollars
- **Operating adjustment reconciliation**: 1,726,000,000 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**: 5,027,000,000 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**: 309,000,000 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**: 9,000,000 US dollars
- **Ending cash on Sep 27, 2024**: 539,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,999,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 21,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 1.35×. 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**: 1,430,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 290,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 1,140,000,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $374.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- 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: 1,430,000,000 US dollars minus 290,000,000 US dollars equals 1,140,000,000 US dollars.