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L3 TECHNOLOGIES, INC. (LLL)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K10-K10-K10-K/A
Total revenues   [+]20,997.019,635.018,749.09,231.010,986.011,420.013,107.013,154.0
            Revenue growth  6.9%4.7%103.1%-16.0%-3.8%-12.9%-0.4%-1.8%
Cost of goods sold   [+]-9,138.0-8,542.0-8,252.08,369.09,974.010,303.011,799.011,713.0
Gross profit  30,135.028,177.027,001.0862.01,012.01,117.01,308.01,441.0
            Gross margin  143.5%143.5%144.0%9.3%9.2%9.8%10.0%11.0%
Selling, general and administrative   [+]1,601.01,520.01,287.0313.0360.0  43.0
Research and development          
EBITDA   [+]1,403.01,256.01,156.01,065.01,226.01,319.01,536.01,671.0
            EBITDA margin  6.7%6.4%6.2%11.5%11.2%11.5%11.7%12.7%
Depreciation  192.0182.0165.0171.0175.0159.0170.0167.0
EBITA  1,211.01,074.0991.0894.01,051.01,160.01,366.01,504.0
            EBITA margin  5.8%5.5%5.3%9.7%9.6%10.2%10.4%11.4%
Amortization of intangibles  49.043.033.032.039.043.058.063.0
EBIT   [+]1,162.01,031.0958.0862.01,012.01,117.01,308.01,441.0
            EBIT margin  5.5%5.3%5.1%9.3%9.2%9.8%10.0%11.0%
Non-recurring items   [+]42.0  77.0   43.0
Interest expense  164.0169.0164.0182.0158.0157.0184.0204.0
Other income (expense), net   [+]-32.09.010.036.018.020.0-2.0-32.0
Pre-tax income  924.0871.0804.0639.0872.0980.01,122.01,162.0
Income taxes  103.0102.0171.0132.0227.0264.0360.0296.0
            Tax rate  11.1%11.7%21.3%20.7%26.0%26.9%32.1%25.5%
Minority interest        10.012.0
Earnings from continuing ops  821.01,538.0633.01,014.0645.0716.0752.0852.0
Earnings from discontinued ops  205.0-76.091.0-732.032.044.032.0104.0
Net income  1,026.01,462.0724.0282.0677.0760.0784.0956.0
            Net margin  4.9%7.4%3.9%3.1%6.2%6.7%6.0%7.3%
   
Basic EPS   [+]$10.46$19.72$8.18$12.57$7.55$8.01$7.81$8.16
Diluted EPS   [+]$10.31$19.32$8.03$12.38$7.35$7.86$7.70$8.07
   
Dividends per share   [+]$3.20$3.00$2.80$2.60$2.40$2.20$2.00$1.80
   
Shares outstanding (basic)   [+]78.578.077.480.785.489.496.3104.4
Shares outstanding (diluted)   [+]79.679.678.881.987.891.197.6105.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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