L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

Table 6 - Effective Tax Rate on Non-GAAP Income (unaudited)

 

Third Quarter

 

2024

 

 

2023

 

(In millions)

Earnings
Before Tax

 

Tax
Expense

(Benefit)

 

Effective
Tax Rate

 

Earnings
Before Tax

 

Tax
Expense

 

Effective
Tax Rate

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

430

 

$

26

 

 

6.0

%

 

$

400

 

$

18

 

4.5

%

Amortization of acquisition-related intangibles and additional cost of revenue related to the fair value step-up in inventory sold1

 

210

 

 

52

 

 

 

 

 

208

 

 

53

 

 

Merger, acquisition, and divestiture-related expenses1

 

25

 

 

5

 

 

 

 

 

56

 

 

8

 

 

Business divestiture-related losses, net and impairment of goodwill and other assets1

 

29

 

 

(6

)

 

 

 

 

 

 

3

 

 

LHX NeXt implementation costs 1

 

41

 

 

18

 

 

 

 

 

33

 

 

8

 

 

Non-GAAP income before income taxes

$

735

 

$

95

 

 

12.9

%

 

$

697

 

$

90

 

12.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Year to Date

 

2024

 

 

2023

 

(In millions)

Earnings
Before Tax

 

Tax
Expense

(Benefit)

 

Effective
Tax Rate

 

Earnings
Before Tax

 

Tax
Expense

 

Effective
Tax Rate

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

1,110

 

$

54

 

 

4.9

%

 

$

1,145

 

$

73

 

6.4

%

Amortization of acquisition-related intangibles and additional cost of revenue related to the fair value step-up in inventory sold 1

 

642

 

 

159

 

 

 

 

 

576

 

 

137

 

 

Merger, acquisition, and divestiture-related expenses 1

 

86

 

 

16

 

 

 

 

 

144

 

 

26

 

 

Business divestiture-related losses, net and impairment of goodwill and other assets 1

 

67

 

 

(8

)

 

 

 

 

52

 

 

9

 

 

LHX NeXt implementation costs 1

 

216

 

 

54

 

 

 

 

 

68

 

 

17

 

 

Non-GAAP income before income taxes

$

2,121

 

$

275

 

 

13.0

%

 

$

1,985

 

$

262

 

13.2

%

 

 

 

 

 

 

 

 

 

 

 

 

1 Refer to Key Terms and Non-GAAP Definitions on page 17.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16  Next Page »
Featured Video
Jobs
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Equipment Engineer, Raxium for Google at Fremont, California
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise