Leonardo DRS Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
DRS$36.41+7.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (Dollars in millions) | 2024 | 2023 |
| Operating activities | ||
| Net earnings | $124 | $94 |
| Adjustments to reconcile net earnings to net cash used in operating activities: | ||
| Depreciation and amortization | 68 | 63 |
| Deferred income taxes | 1 | (13) |
| Share-based compensation expense | 16 | 12 |
| Other | 1 | 1 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (86) | (34) |
| Contract assets | (89) | (189) |
| Inventories | (34) | (64) |
| Prepaid expenses | (8) | 3 |
| Other current assets | 6 | (8) |
| Other noncurrent assets | 14 | 13 |
| Defined benefit obligations | (2) | (8) |
| Other current liabilities | (36) | (82) |
| Other noncurrent liabilities | (21) | 6 |
| Accounts payable | (106) | (129) |
| Contract liabilities | (20) | 25 |
| Net cash used in operating activities | (172) | (310) |
| Investing activities | ||
| Capital expenditures | (56) | (42) |
| Proceeds from sales of assets | 1 | — |
| Net cash used in investing activities | (55) | (42) |
| Financing activities | ||
| Net decrease in third party borrowings (maturities of 90 days or less) | (35) | (11) |
| Repayment of third party debt | (238) | (454) |
| Borrowings of third party debt | 230 | 555 |
| Proceeds from stock issuance | 13 | 8 |
| Cash outlay to reacquire equity instruments | (4) | (1) |
| Other | (8) | (4) |
| Net cash (used in) provided by financing activities | (42) | 93 |
| Effect of exchange rate changes on cash and cash equivalents | — | — |
| Net decrease in cash and cash equivalents | (269) | (259) |
| Cash and cash equivalents at beginning of year | 467 | 306 |
| Cash and cash equivalents at end of period | $198 | $47 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.