L3 technologies, inc. (LLL)
Income statement / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Net sales:
Revenue, Net

2,700

2,771

2,519

2,583

2,371

2,371

2,574

2,293

2,385

2,321

1,688

2,505

2,664

2,353

Operating costs and expenses:
General and administrative expenses

382

425

396

383

397

397

423

380

359

358

-

-

-

-

Operating Costs and Expenses

2,389

2,470

2,238

2,310

-

2,120

-

2,061

2,091

-

1,444

2,290

2,417

2,101

Merger, acquisition and divestiture related expenses and losses

18

-

5

-

-

0

-

0

-

-

-

-

-

-

Goodwill impairment charge

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Gain (Loss) on Disposition of Business

-

-

-4

48

-

-

-

0

0

-

-

-

-

-

Operating Income (Loss)

293

276

272

321

251

251

268

232

294

237

244

215

247

252

Interest expense

-37

-39

-40

-44

-41

-41

-43

-42

-42

-42

-39

-41

-43

-41

Interest and other income, net

4

8

15

8

6

6

1

2

2

4

2

6

5

4

Gain (Loss) on Extinguishment of Debt

-

-

-21

-48

-

-

-

0

0

-

-

-

-5

-

Income from continuing operations before income taxes

260

245

226

237

216

216

226

192

254

199

205

180

204

215

Income Tax Expense (Benefit)

37

13

18

48

24

24

-45

46

59

42

41

29

53

48

Income from continuing operations

223

232

208

189

192

192

271

146

195

157

164

151

151

167

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

0

-1

0

190

16

16

22

-121

12

11

28

0

0

63

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

223

231

208

379

208

208

293

25

207

168

192

151

151

230

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest

6

6

6

4

5

5

4

3

5

4

4

3

4

3

Net income attributable to L3

217

225

202

375

203

203

289

22

202

164

188

148

147

227

Earnings Per Share [Abstract]
Earnings Per Share, Basic [Abstract]
Continuing operations (in dollars per share)

2.74

2.86

2.57

2.36

2.40

2.40

3.41

1.83

2.44

1.97

2.07

1.91

1.90

2.11

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.00

-0.01

0.00

2.42

0.20

0.20

0.29

-1.55

0.15

0.14

0.37

0.00

0.00

0.81

Basic earnings per share (in dollars per share)

2.74

2.85

2.57

4.78

2.60

2.60

3.70

0.28

2.59

2.11

2.44

1.91

1.90

2.92

Earnings Per Share, Diluted [Abstract]
Continuing operations (in dollars per share)

2.71

2.84

2.54

2.33

2.34

2.34

3.35

1.79

2.39

1.93

2.02

1.88

1.88

2.08

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

0.00

-0.01

0.00

2.39

0.20

0.20

0.27

-1.51

0.15

0.14

0.36

0.00

0.00

0.79

Earnings Per Share, Diluted

2.71

2.83

2.54

4.72

2.54

2.54

3.62

0.28

2.54

2.07

2.38

1.88

1.88

2.87

Cash dividends declared per common share (in dollars per share)

0.85

0.80

0.80

0.80

0.80

0.80

0.75

0.75

0.75

0.75

0.70

0.70

0.70

0.70

Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

79

78

78

78

78

78

78

78

78

77

77

77

77

77

Weighted Average Number of Shares Outstanding, Diluted

80

79

79

79

79

79

79

79

79

79

79

78

78

79

Product [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

1,932

1,997

1,736

1,786

1,646

1,646

1,865

1,584

1,680

1,604

1,892

1,500

1,638

1,423

Cost of Goods and services sold

1,442

1,481

1,324

1,349

1,191

1,191

1,337

1,189

1,253

1,188

784

1,355

1,474

1,266

Service [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

768

774

783

797

725

725

709

709

705

717

-204

1,005

1,026

930

Cost of Goods and services sold

565

564

518

578

532

532

546

492

479

538

-627

935

943

835