FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
7Y

Three-Statement Breakdown

LHX
2026-07-03 · figures in $M

NET DEBT DOWN

Net debt fell 14% to $10.0B, and stands at 3.01× annualized EBITDA.

CASH +73.8%
1,069
TOTAL DEBT -9.2%
11,116
NET DEBT -13.5%
10,047
NET DEBT / ANN. EBITDA -16.8%
3.01× TARGET <2.0×
Balance sheet FY 2020 FY 2021 FY 2021 FY 2022 FY 2023 FY 2025 YoY
Cash & equivalents
10-Q
824 1,276 941 880 560 615 1,069 +73.8%
Accounts receivable
10-Q
1,216 1,344 1,045 1,251 1,230 1,072 1,371 +27.9%
Inventories
10-Q
1,219 973 982 1,291 1,472 1,330 1,219 -8.3%
Other current assets
RESTATED · WAS 431 10-Q
392 246 272 298 430 461 484 +5.0%
Total current assets
10-Q
6,312 6,667 6,359 6,754 8,055 8,218 8,593 +4.6%
Current ratio
10-Q
1.57× 1.57× 1.40× 1.17× 1.01× 1.08× 1.19× +10.5%
Goodwill
10-Q
20,001 18,876 18,189 17,283 19,979 20,325 20,010 -1.5%
Property, plant & equipment
10-Q
2,117 2,102 2,101 2,104 2,862 2,806 2,665 -5.0%
Total assets
10-Q
38,336 36,960 34,709 33,524 41,687 42,001 41,195 -1.9%
Return on assets (annualized)
10-Q
3.5% 3.0% 5.3% 3.2% 2.9% 3.6% 3.9% +9.0%
Accounts payable
10-Q
1,261 1,406 1,767 1,945 2,106 2,005 2,461 +22.7%
Accrued liabilities
NOT DISCLOSED RESTATED · WAS 1,066
790 1,068 1,002 818 1,129 — — —
Short-term debt
RESTATED · WAS 10 10-Q
257 8 11 818 363 640 673 +5.2%
Total current liabilities
10-Q
4,009 4,240 4,551 5,776 8,004 7,633 7,226 -5.3%
Long-term debt
RESTATED · WAS 6,908 10-Q
6,694 6,943 7,048 6,225 11,160 11,081 10,443 -5.8%
Total liabilities
10-Q
15,592 16,119 15,390 14,900 22,858 22,422 21,560 -3.8%
Net debt
10-Q
6,130 5,677 6,120 6,165 12,565 11,621 10,047 -13.5%
Temporary equity
NOT DISCLOSED 10-Q
— — — — — 0 0 —
Stockholders' equity
10-K
22,744 20,841 19,319 18,624 18,829 19,579 19,635 +0.3%
Net debt / TTM EBITDA
NOT DISCLOSED 10-K
— 1.78× 1.99× 2.99× 4.85× 3.62× 3.01× -16.8%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM11,621 TOTAL DEBT-1,120 CASH & EQUIVALENTS-454 TO10,047
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-30 ↗