Leonardo DRS, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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, 2026 · Filed Oct 29, 2026
DRS$36.53+0.3%Stored close · as of Nov 10, 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) | 2026 | 2025 |
| Operating activities | ||
| Net earnings | $263 | $176 |
| Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 77 | 69 |
| Deferred income taxes | (4) | — |
| Stock-based compensation expense | 17 | 19 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (24) | (74) |
| Contract assets | (153) | (182) |
| Inventories | (22) | (46) |
| Prepaid expenses | (19) | (5) |
| Other current assets | 7 | 19 |
| Other noncurrent assets | 14 | 13 |
| Defined benefit obligations | (7) | (6) |
| Accounts payable | (85) | (80) |
| Contract liabilities | 9 | 41 |
| Other current liabilities | 33 | 9 |
| Other noncurrent liabilities | (41) | (12) |
| Net cash provided by (used in) operating activities | 65 | (59) |
| Investing activities | ||
| Capital expenditures | (97) | (90) |
| Proceeds from sales of assets | 1 | — |
| Purchases of investments | — | (15) |
| Other | 1 | — |
| Net cash used in investing activities | (95) | (105) |
| Financing activities | ||
| Net decrease in borrowings (maturities of 90 days or less) | (5) | (1) |
| Repayments of borrowings | (191) | (9) |
| Proceeds from stock issuance | 8 | 9 |
| Repurchases of common stock | (28) | (24) |
| Payments of employee taxes withheld from stock-based awards | (25) | (21) |
| Dividends paid | (21) | (21) |
| Dividends paid to related party | (51) | (51) |
| Other | (10) | (7) |
| Net cash used in financing activities | (323) | (125) |
| Effect of exchange rate changes on cash and cash equivalents | — | — |
| Net decrease in cash and cash equivalents | (353) | (289) |
| Cash and cash equivalents at beginning of year | 647 | 598 |
| Cash and cash equivalents at end of period | $294 | $309 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.