Leonardo DRS Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
DRS$36.41+7.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (Dollars in millions, except per share amounts) | 2023 | 2022 |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $467 | $306 |
| Accounts receivable, net | 151 | 166 |
| Contract assets | 908 | 872 |
| Inventories | 329 | 319 |
| Prepaid expenses | 21 | 20 |
| Other current assets | 42 | 24 |
| Total current assets | 1,918 | 1,707 |
| Noncurrent assets: | ||
| Property, plant and equipment, net | 402 | 404 |
| Intangible assets, net | 151 | 172 |
| Goodwill | 1,238 | 1,236 |
| Deferred tax assets | 123 | 66 |
| Other noncurrent assets | 89 | 92 |
| Total noncurrent assets | 2,003 | 1,970 |
| Total assets | $3,921 | $3,677 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Short-term borrowings and current portion of long-term debt | $57 | $29 |
| Accounts payable | 398 | 457 |
| Contract liabilities | 335 | 233 |
| Other current liabilities | 288 | 323 |
| Total current liabilities | 1,078 | 1,042 |
| Noncurrent liabilities: | ||
| Long-term debt | 349 | 365 |
| Pension and other postretirement benefit plan liabilities | 36 | 45 |
| Deferred tax liabilities | 4 | — |
| Other noncurrent liabilities | 129 | 98 |
| Total noncurrent liabilities | 518 | 508 |
| Commitments and contingencies (Note 17) | ||
| Shareholders' equity: | ||
| Preferred stock, $0.01 par value: 10,000,000 shares authorized; none issued | — | — |
| Common stock, $0.01 par value: 350,000,000 shares authorized; 262,525,390 and 260,234,033 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 3 | 3 |
| Additional paid-in capital | 5,175 | 5,147 |
| Accumulated deficit | (2,806) | (2,974) |
| Accumulated other comprehensive loss | (47) | (49) |
| Total shareholders' equity | 2,325 | 2,127 |
| Total liabilities and shareholders' equity | $3,921 | $3,677 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.