LHXMEDIUM SIGNALFINANCIAL10-K

LHX demonstrated solid operational performance with meaningful cash position improvement and steady profit growth across key metrics.

The company shows healthy fundamental momentum with operating cash flow growing over 20% and operating income expanding by 10%, indicating effective operational execution. The substantially higher cash position provides enhanced financial flexibility for strategic investments or shareholder returns, though increased interest expense suggests elevated borrowing costs.

Comparing 2026-02-12 vs 2025-02-14View on EDGAR →
FINANCIAL ANALYSIS

LHX delivered broad-based financial improvements with gross profit growing 18.1% to $1.9B and operating income advancing 10% to $2.1B, demonstrating solid operational leverage. The company's cash position strengthened notably to $1.1B while operating cash flow grew meaningfully to $3.1B, reflecting strong cash generation capabilities. Higher interest expense of $270M indicates increased debt service costs, but this appears manageable given the overall financial strength and improved liquidity position.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+73.8%
$615.0M$1.1B

Cash position surged 73.8% — strong cash generation or capital raise providing significant financial cushion.

Accounts Receivable
Balance Sheet
+27.9%
$1.1B$1.4B

Receivables grew 27.9% — monitor days sales outstanding for collection efficiency.

Interest Expense
P&L
+24.4%
$217.0M$270.0M

Interest costs rose 24.4% — monitor debt levels and coverage ratio in rising rate environment.

Operating Cash Flow
Cash Flow
+21.4%
$2.6B$3.1B

Operating cash flow grew 21.4% — strong conversion of earnings to cash, healthy business fundamentals.

Gross Profit
P&L
+18.1%
$1.6B$1.9B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Operating Income
P&L
+10%
$1.9B$2.1B

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

LANGUAGE CHANGES
NEW — 2026-02-12
PRIOR — 2025-02-14
ADDED
For purposes of this calculation, the registrant has assumed that its directors and executive officers as of June 27, 2025 are affiliates.
Mine Safety Disclosures 18 Information about our Executive Officers 18 Part II: ITEM 5.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 ITEM 6.
M anagement s Discussion and Analysis of Financial Condition and Results of Operations 20 ITEM 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 83 ITEM 9A.
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REMOVED
For purposes of this calculation, the registrant has assumed that its directors and executive officers as of June 28, 2024 are affiliates.
Business .................................................................................................................................
Risk Factors ............................................................................................................................
Unresolved Staff Comments ...............................................................................................
Cybersecurity .........................................................................................................................
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