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 Statements of Earnings
| Year Ended December 31, | |||
|---|---|---|---|
| (Dollars in millions, except per share amounts) | 2023 | 2022 | 2021 |
| Revenues: | |||
| Products | $2,631 | $2,443 | $2,505 |
| Services | 195 | 250 | 374 |
| Total revenues | 2,826 | 2,693 | 2,879 |
| Cost of revenues: | |||
| Products | (2,044) | (1,928) | (2,067) |
| Services | (134) | (190) | (265) |
| Total cost of revenues | (2,178) | (2,118) | (2,332) |
| Gross profit | 648 | 575 | 547 |
| General and administrative expenses | (384) | (357) | (293) |
| Amortization of intangibles | (22) | (10) | (9) |
| Other operating (expenses) income, net | (11) | 353 | (9) |
| Operating earnings | 231 | 561 | 236 |
| Interest expense | (36) | (34) | (35) |
| Other, net | (3) | (2) | (1) |
| Earnings before taxes | 192 | 525 | 200 |
| Income tax provision | 24 | 120 | 46 |
| Net earnings | $168 | $405 | $154 |
| Net earnings per share from common stock: | |||
| Basic earnings per share | $0.64 | $1.88 | $0.73 |
| Diluted earnings per share | $0.64 | $1.88 | $0.73 |
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