0000202058-26-000015
SEC filingL3Harris Technologies, Inc. (LHX) reported a solid financial position for the fiscal year ended January 2, 2026, with total assets of $41.20 billion and total shareholders’ equity of $19.64 billion. The company demonstrated strong cash generation capabilities, reporting net cash provided by operating activities of $3.11 billion. Net income for the period stood at $1.61 billion. The balance sheet reflects a robust capital structure with $10.44 billion in long-term debt and no short-term debt obligations. During the fiscal year, the company actively returned capital to shareholders, repurchasing $1.15 billion of common stock and paying $903.0 million in dividends. Investing activities provided $407.0 million in cash, significantly aided by $820.0 million in proceeds from the sales of businesses. The firm maintained a strong liquidity position with $1.07 billion in cash and cash equivalents at the beginning of the period, ending with $880.0 million after a net increase of $454.0 million during the year.
L3Harris Technologies reported a net income of $1.61 billion for the fiscal year ending January 2, 2026. The company demonstrated strong operational efficiency, generating $3.11 billion in net cash from operating activities. The balance sheet remains robust with total assets of $41.20 billion against total liabilities of $21.56 billion, resulting in total shareholders’ equity of $19.64 billion. The firm's capital allocation strategy prioritized shareholder returns, with $2.05 billion returned through dividends ($903.0 million) and stock repurchases ($1.15 billion). The net increase in cash and cash equivalents was $454.0 million, reflecting solid liquidity management despite significant financing outflows.
Detailed revenue figures and segment breakdowns were not explicitly provided in the supplied XBRL financial data extracts. Consequently, a granular analysis of revenue drivers, geographic mix, or specific segment performance cannot be accurately constructed from the available source information. The provided data focuses primarily on the balance sheet, cash flow statement, and retirement benefit notes, omitting the top-line income statement details typically required for such analysis.
Profitability metrics such as gross margin and operating margin cannot be calculated as the XBRL data provided does not include total revenue or gross profit figures. However, the company reported a net income of $1.61 billion. Depreciation and amortization charges totaled $1.22 billion, and the company recognized $85.0 million in impairment of goodwill and other assets, which impacted the reconciliation of net income to operating cash flow. Net periodic benefit income was recorded as a negative adjustment of $330.0 million in the cash flow statement.
The company exhibits a strong liquidity position. Operating cash flow of $3.11 billion comfortably covered capital expenditures of $424.0 million, resulting in an implied free cash flow of approximately $2.69 billion. The balance sheet shows $1.07 billion in starting cash and $880.0 million in ending cash. Long-term debt stands at $10.44 billion with no short-term debt, indicating a manageable debt maturity profile. The company also holds $884.0 million in assets of businesses held for sale, signaling active portfolio management.
Specific forward-looking statements, management guidance, or strategic priorities were not included in the provided document text or XBRL extracts. Therefore, an assessment of future outlook or strategic direction based on the current filing content is not feasible. The presence of assets held for sale suggests ongoing portfolio optimization, but specific details regarding future expectations are not available in the source data.