L3HARRIS TECHNOLOGIES, INC. (LHX) FY2025 Q1 P&L / Income Statement

L3HARRIS TECHNOLOGIES, INC. (LHX) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-04 through 2025-03-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

5,132,000,000 US dollars

Cost of revenue

3,782,000,000 US dollars

Gross profit (calculated)

1,350,000,000 US dollars

Operating expenses (calculated)

825,000,000 US dollars

Operating income

525,000,000 US dollars

Other income (expense), net (calculated)

negative 66,000,000 US dollars

Income before income taxes

459,000,000 US dollars

Income taxes

73,000,000 US dollars

Net income

386,000,000 US dollars

Communication Systems Segment

1,352,000,000 US dollars

Integrated Mission Systems Segment

1,592,000,000 US dollars

Space and Airborne Systems Segment

1,611,000,000 US dollars

Aerojet Rocketdyne Segment

629,000,000 US dollars

General and administrative expenses

825,000,000 US dollars

Revenue before reconciliation (calculated)

5,184,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Communication Systems Segment

negative 12,000,000 US dollars. Reported reconciliation to consolidated revenue.

Integrated Mission Systems Segment

negative 13,000,000 US dollars. Reported reconciliation to consolidated revenue.

Space and Airborne Systems Segment

negative 17,000,000 US dollars. Reported reconciliation to consolidated revenue.

Aerojet Rocketdyne Segment

negative 10,000,000 US dollars. Reported reconciliation to consolidated revenue.

Communication Systems Segment costs (calculated)

1,007,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Integrated Mission Systems Segment costs (calculated)

1,389,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Space and Airborne Systems Segment costs (calculated)

1,435,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Aerojet Rocketdyne Segment costs (calculated)

553,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

223,000,000 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.