Leonardo DRS Inc

For the period ended Dec 31, 2024. Filed Mar 3, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 3, 2025

DRS$36.41+7.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
(Dollars in millions, except per share amounts)	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$598	$467
Accounts receivable, net	253	151
Contract assets	872	908
Inventories	358	329
Prepaid expenses	27	21
Other current assets	55	42
Total current assets	2,163	1,918
Noncurrent assets:
Property, plant and equipment, net	440	402
Intangible assets, net	132	151
Goodwill	1,238	1,238
Deferred tax assets	120	123
Other noncurrent assets	91	89
Total noncurrent assets	2,021	2,003
Total assets	$4,184	$3,921
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt	$25	$57
Accounts payable	426	398
Contract liabilities	399	335
Other current liabilities	266	288
Total current liabilities	1,116	1,078
Noncurrent liabilities:
Long-term debt	340	349
Pension and other postretirement benefit plan liabilities	34	36
Deferred tax liabilities	7	4
Other noncurrent liabilities	130	129
Total noncurrent liabilities	511	518
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; 265,064,755 and 262,525,390 shares issued and outstanding as of December 31, 2024 and 2023, respectively	3	3
Additional paid-in capital	5,194	5,175
Accumulated deficit	(2,593)	(2,806)
Accumulated other comprehensive loss	(47)	(47)
Total shareholders' equity	2,557	2,325
Total liabilities and shareholders' equity	$4,184	$3,921

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.