← Leonardo DRS, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net earnings | $75.0m |
$85.0m
+13.33%
|
$154.0m
+81.18%
|
$405.0m
+162.99%
|
$168.0m
-58.52%
|
$213.0m
+26.79%
|
$278.0m
+30.52%
|
— | |
| Depreciation and amortization | $51.0m | $53.0m | $58.0m | $65.0m | $85.0m | $91.0m | $93.0m | $97.0m | |
| Deferred income taxes | $12.0m | $30.0m | $31.0m | ($6.0m) | ($52.0m) | $23.0m | $28.0m | $27.0m | |
| Stock-based compensation expense | — | — | $0 | $5.0m | $17.0m | $22.0m | $32.0m | $29.0m | |
| Payments of employee taxes withheld from stock-based awards | — | — | — | — | ($1.0m) | ($19.0m) | ($21.0m) | — | |
| Accounts receivable | $9.0m | ($35.0m) | ($54.0m) | ($1.0m) | $15.0m | ($102.0m) | ($81.0m) | ($41.0m) | |
| Inventories | ($36.0m) | ($38.0m) | $42.0m | ($33.0m) | ($10.0m) | ($29.0m) | $6.0m | $17.0m | |
| Accounts payable | $156.0m | ($58.0m) | $1.0m | ($14.0m) | ($59.0m) | $15.0m | ($79.0m) | ($82.0m) | |
| Other | ($2.0m) | ($4.0m) | $0 | ($8.0m) | ($4.0m) | ($10.0m) | ($10.0m) | — | |
| Other current assets | $3.0m | $3.0m | $12.0m | $3.0m | ($18.0m) | ($13.0m) | $23.0m | ($47.0m) | |
| Other current liabilities | ($11.0m) | $30.0m | $28.0m | $14.0m | ($26.0m) | ($39.0m) | $3.0m | $29.0m | |
| Net cash provided by operating activities | $157.0m |
$125.0m
-20.38%
|
$178.0m
+42.40%
|
$33.0m
-81.46%
|
$205.0m
+521.21%
|
$271.0m
+32.20%
|
$366.0m
+35.06%
|
$501.0m
+36.89%
|
|
| Capital expenditures | ($55.0m) | ($56.0m) | ($60.0m) | ($65.0m) | ($60.0m) | ($85.0m) | ($139.0m) | ($138.0m) | |
| Purchases of investments | — | — | — | — | $0 | $0 | ($15.0m) | — | |
| Net cash used in investing activities | ($151.0m) | ($70.0m) | $39.0m | $436.0m | ($59.0m) | ($84.0m) | ($154.0m) | ($152.0m) | |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | $16.0m | ($11.0m) | ($18.0m) | ($8.0m) | $20.0m | ($32.0m) | $1.0m | — | |
| Repayments of borrowings | — | — | $0 | $0 | ($727.0m) | ($291.0m) | ($11.0m) | — | |
| Proceeds from borrowings | — | $0 | $0 | $223.0m | $715.0m | $280.0m | $0 | — | |
| Repurchases of common stock | — | — | — | — | $0 | $0 | ($35.0m) | — | |
| Dividends | — | $0 | $0 | ($396.0m) | $0 | $0 | ($96.0m) | ($96.0m) | |
| Net cash (used in) provided by financing activities | ($1.0m) |
($80.0m)
-7900.00%
|
($38.0m)
+52.50%
|
($403.0m)
-960.53%
|
$15.0m
+103.72%
|
($56.0m)
-473.33%
|
($163.0m)
-191.07%
|
— | |
| Cash and cash equivalents at beginning of year | $85.0m | $61.0m | $240.0m | $306.0m | $467.0m | $598.0m | $647.0m | $278.0m | |
| Effect of exchange rate changes on cash and cash equivalents | $1.0m | $1.0m | $0 | $0 | $0 | $0 | $0 | $0 | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Contract assets | ($166.0m) | $65.0m | ($71.0m) | ($134.0m) | ($36.0m) | $36.0m | ($59.0m) | — | |
| Prepaid expenses | ($2.0m) | ($14.0m) | $10.0m | ($1.0m) | ($1.0m) | ($6.0m) | $1.0m | — | |
| Other noncurrent assets | $19.0m | $22.0m | $19.0m | $24.0m | $19.0m | $17.0m | ($44.0m) | — | |
| Defined benefit obligations | ($1.0m) | ($9.0m) | ($13.0m) | ($4.0m) | ($8.0m) | ($2.0m) | ($10.0m) | — | |
| Contract liabilities | $61.0m | $2.0m | ($3.0m) | $72.0m | $102.0m | $64.0m | $186.0m | — | |
| Other noncurrent liabilities | ($16.0m) | ($14.0m) | ($36.0m) | ($8.0m) | $8.0m | ($20.0m) | ($11.0m) | — | |
| Proceeds from sales of assets | $8.0m | $5.0m | $0 | $0 | $1.0m | $1.0m | $0 | — | |
| Proceeds from stock issuance | — | — | $0 | $0 | $12.0m | $16.0m | $9.0m | — | |
| Net increase in cash and cash equivalents | $6.0m | ($24.0m) | $179.0m | $66.0m | $161.0m | $131.0m | $49.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.