L3HARRIS TECHNOLOGIES, INC. (LHX) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-04 to 2025-03-28

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L3HARRIS TECHNOLOGIES, INC. cash flow reconciliation, Jan 4, 2025 through Mar 28, 2025One 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 businesses, net of cash divested → investing reconciliation: $831,000,000.00investing reconciliation → Net cash from investing activities: $744,000,000.00investing reconciliation → Capital expenditures: $59,000,000.00investing reconciliation → Other investing activities: $28,000,000.00Change in commercial paper, maturities under 90 days, net → financing reconciliation: $20,000,000.00financing reconciliation → Repurchases of common stock: $569,000,000.00financing reconciliation → Dividends paid: $228,000,000.00financing reconciliation → Other financing activities: $23,000,000.00financing reconciliation → Repayments of long-term debt: $5,000,000.00Net cash used in operating activities → operating reconciliation: $42,000,000.00Net income → operating reconciliation: $386,000,000.00Depreciation and amortization → operating reconciliation: $301,000,000.00Income taxes → operating reconciliation: $273,000,000.00Inventories, net → operating reconciliation: $92,000,000.00Share-based matching contributions under defined contribution plans → operating reconciliation: $68,000,000.00Accounts payable → operating reconciliation: $52,000,000.00Share-based compensation → operating reconciliation: $19,000,000.00Other current liabilities → operating reconciliation: $11,000,000.00operating reconciliation → Receivables, net: $447,000,000.00operating reconciliation → Contract assets: $420,000,000.00operating reconciliation → Compensation and benefits: $105,000,000.00operating reconciliation → Deferred income taxes: $89,000,000.00operating reconciliation → Net periodic benefit income: $84,000,000.00operating reconciliation → Other operating activities: $64,000,000.00operating reconciliation → Other current assets: $19,000,000.00operating reconciliation → Contract liabilities: $16,000,000.00Net cash used in financing activities → financing reconciliation: $805,000,000.00Exchange-rate effect → Cash sources and uses: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $615,000,000.00Net cash from investing activities → Cash sources and uses: $744,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $517,000,000.00Cash sources and uses → Net cash used in financing activities: $805,000,000.00Cash sources and uses → Net cash used in operating activities: $42,000,000.00Accounts payable: $52,000,000.00Accounts payable+$52.00 MContract assets: -$420,000,000.00Contract assets−$420.00 MContract liabilities: -$16,000,000.00Deferred revenue−$16.00 MInventories, net: $92,000,000.00Inventories+$92.00 MShare-based compensation: $19,000,000.00Stock-based compensation+$19.00 MCompensation and benefits: -$105,000,000.00Accrued compensation−$105.00 MNet income: $386,000,000.00Net income+$386.00 MNet periodic benefit income: -$84,000,000.00Pension & benefit plans, net−$84.00 MOther current assets: -$19,000,000.00Prepaid & other assets−$19.00 MOther operating activities: -$64,000,000.00Other working capital, net−$64.00 MDeferred income taxes: -$89,000,000.00Deferred tax balances−$89.00 MReceivables, net: -$447,000,000.00Accounts receivable−$447.00 MIncome taxes: $273,000,000.00Income tax balances+$273.00 MDepreciation and amortization: $301,000,000.00Depreciation & amortization+$301.00 MOther current liabilities: $11,000,000.00Other current liabilities+$11.00 MShare-based matching contributions under defined contribution plans: $68,000,000.00Share-based matching contributions under definedcontribution plans+$68.00 MNet cash used in operating activities: -$42,000,000.00. Cash required to fund net payments.Operating cash−$42.00 Moperating reconciliation: $1,244,000,000.00Change in commercial paper, maturities under 90 days, net: $20,000,000.00Short-term debt ≤3 months, net+$20.00 MOther financing activities: -$23,000,000.00Other financing, net−$23.00 MRepurchases of common stock: -$569,000,000.00Common stock repurchases−$569.00 MProceeds from commercial paper, maturities over 90 days: $0.00Repayments of long-term debt: -$5,000,000.00Unsecured debt repaid−$5.00 MDividends paid: -$228,000,000.00Common dividends paid−$228.00 MRepayments of commercial paper, maturities over 90 days: $0.00Proceeds from issuances of long-term debt, net: $0.00Net cash used in financing activities: -$805,000,000.00. Cash required to fund net payments.Financing cash−$805.00 Mfinancing reconciliation: $825,000,000.00Other investing activities: -$28,000,000.00Other investing, net−$28.00 MProceeds from sales of businesses, net of cash divested: $831,000,000.00Business sales+$831.00 MCapital expenditures: -$59,000,000.00PP&E purchases−$59.00 MNet cash from investing activities: $744,000,000.00Investing cash+$744.00 Minvesting reconciliation: $831,000,000.00Cash sources and uses: $1,364,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $615,000,000.00Beginning cash$615.00 MEnding cash: Cash, cash equivalents, and restricted cash: $517,000,000.00Ending cash$517.00 MExchange-rate effect: $5,000,000.00FX effect+$5.00 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsFree cash flow−$101.00 MOperating cash − cash spent on PP&ECash flow / Net income−0.11×Operating cash flow ÷ net incomeNet cash change−$98.00 MEnding cash − beginning cash
Chart details

L3HARRIS TECHNOLOGIES, INC. cash flow reconciliation, Jan 4, 2025 through Mar 28, 2025

Cash flows for Jan 4, 2025 through Mar 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jan 3, 2025. Ending cash: Mar 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jan 3, 2025
615,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 42,000,000 US dollars. Net cash used.
Accounts payable
52,000,000 US dollars
Contract assets
negative 420,000,000 US dollars
Contract liabilities
negative 16,000,000 US dollars
Inventories, net
92,000,000 US dollars
Share-based compensation
19,000,000 US dollars
Compensation and benefits
negative 105,000,000 US dollars
Net income
386,000,000 US dollars
Net periodic benefit income
negative 84,000,000 US dollars
Other current assets
negative 19,000,000 US dollars
Other operating activities
negative 64,000,000 US dollars
Deferred income taxes
negative 89,000,000 US dollars
Receivables, net
negative 447,000,000 US dollars
Income taxes
273,000,000 US dollars
Depreciation and amortization
301,000,000 US dollars
Other current liabilities
11,000,000 US dollars
Share-based matching contributions under defined contribution plans
68,000,000 US dollars
Investing activities
744,000,000 US dollars. Net cash provided.
Other investing activities
negative 28,000,000 US dollars
Proceeds from sales of businesses, net of cash divested
831,000,000 US dollars
Capital expenditures
negative 59,000,000 US dollars
Financing activities
negative 805,000,000 US dollars. Net cash used.
Change in commercial paper, maturities under 90 days, net
20,000,000 US dollars
Other financing activities
negative 23,000,000 US dollars
Repurchases of common stock
negative 569,000,000 US dollars
Proceeds from commercial paper, maturities over 90 days
0 US dollars
Repayments of long-term debt
negative 5,000,000 US dollars
Dividends paid
negative 228,000,000 US dollars
Repayments of commercial paper, maturities over 90 days
0 US dollars
Proceeds from issuances of long-term debt, net
0 US dollars
Operating adjustment reconciliation
1,244,000,000 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
825,000,000 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
831,000,000 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
5,000,000 US dollars
Ending cash on Mar 28, 2025
517,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,364,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 98,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.11×. 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 42,000,000 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 101,000,000 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 42,000,000 US dollars minus 59,000,000 US dollars equals negative 101,000,000 US dollars.
L3HARRIS TECHNOLOGIES, INC. (LHX) FY2025 Q1 Statement of Cash Flows Sankey chart
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