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L3Harris Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.3B in Q3 2026 · $3.6B over twelve months

Operating cash flow$1.4B
Capital spending−$179M
Free cash flow+$1.3B
Cash / net income2.3×
Cash conversion cycle9 days

Analysis

In Q3 2026, L3Harris Technologies generated $1.4B of operating cash flow and spent $179M on capital projects, leaving free cash flow of $1.3B.

Over the twelve months to Oct 2, 2026, operating cash flow was $4.2B; the largest uses were dividends ($929M), net borrowing (+) / repaid (−) ($844M), buybacks ($754M); besides operations, cash came from other financing ($994M), asset & business sales ($528M); the cash balance rose by $2.1B.

Operating cash flow was $1.4B against net income of $632M — 2.3× profit, cash ran ahead of reported earnings. The largest differences: receivables +$369M, contract assets −$299M, depreciation & amortization +$267M.

Its cash conversion cycle was 9 days (receivables 27 + inventory 26 − payables 44).

Free cash flow

L3Harris Technologies: free cash flow by quarterL3Harris Technologies: free cash flow by quarter$1.0BQ4 2024−$101MQ1 2025$552MQ2 2025$427MQ3 2025$1.8BQ4 2025−$194MQ1 2026$771MQ2 2026$1.3BQ3 2026
Operating cash flow less capital spending.
L3Harris Technologies: operating cash flow against capital spendingL3Harris Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$1.1B$118MQ4 2024−$42.0M$59.0MQ1 2025$640M$88.0MQ2 2025$546M$119MQ3 2025$2.0B$158MQ4 2025−$95.0M$99.0MQ1 2026$879M$108MQ2 2026$1.4B$179MQ3 2026
Latest (Q3 2026): Operating cash flow $1.4B, Capital spending $179M.

Capital allocation, year by year

L3Harris Technologies: where the cash came from (up) and went (down), by fiscal yearL3Harris Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $2.7BFY2021: Net borrowing −$10.0MFY2021: Shares issued $97.0MFY2021: Asset sales $1.7BFY2021: Capital spending −$342MFY2021: Buybacks −$3.7BFY2021: Dividends −$817M$4.5BFY2021FY2022: Operating cash flow $2.2BFY2022: Net borrowing −$14.0MFY2022: Shares issued $57.0MFY2022: Asset sales $37.0MFY2022: Capital spending −$252MFY2022: Buybacks −$1.1BFY2022: Dividends −$864M$2.3BFY2022FY2023: Operating cash flow $2.1BFY2023: Net borrowing $7.6BFY2023: Shares issued $24.0MFY2023: Asset sales $127MFY2023: Capital spending −$449MFY2023: Acquisitions −$6.7BFY2023: Buybacks −$518MFY2023: Dividends −$868M$9.8BFY2023FY2024: Operating cash flow $2.6BFY2024: Net borrowing −$877MFY2024: Shares issued $133MFY2024: Asset sales $274MFY2024: Capital spending −$408MFY2024: Buybacks −$554MFY2024: Dividends −$886M$3.0BFY2024FY2025: Operating cash flow $3.1BFY2025: Net borrowing −$1.1BFY2025: Asset sales $820MFY2025: Capital spending −$424MFY2025: Buybacks −$1.2BFY2025: Dividends −$903M$3.9BFY2025
Over these 5 years operating cash flow totalled $12.6B; the largest uses were buybacks ($7.0B) and acquisitions ($6.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.0B
Debt$11.3B
Net debt$8.3B
Due within a year$2.2B

L3Harris Technologies funds itself: free cash flow was $3.6B over the last twelve months, and $3.0B of cash and investments stands against $11.3B of debt ($2.2B due within a year, 1.4× covered by cash).

Where the cash came from and went

L3Harris Technologies: sources (+) and uses (−) of cash, Q3 2026L3Harris Technologies: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$1.4BCash drawn (+) / kept (−)−$950MOther investing−$554MAsset & business sales$552MDividends−$234MCapital spending−$179MBuybacks−$73.0MNet borrowing (+) / repaid (−)−$3.0MExchange rates$1.0MOther financing$1.0M
L3Harris Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026L3Harris Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$4.2BCash drawn (+) / kept (−)−$2.1BOther financing$994MDividends−$929MNet borrowing (+) / repaid (−)−$844MBuybacks−$754MCapital spending−$544MAsset & business sales$528MOther investing−$506MNot reconciled$2.0M

From profit to cash

L3Harris Technologies: net income to operating cash flow, Q3 2026L3Harris Technologies: net income to operating cash flow, Q3 2026Net income$632MDepreciation & amortization$267MStock-based pay−$1.0MGains on investments−$37.0MReceivables$369MInventory−$6.0MPayables$106MEmployee-related liabilities$121MDeferred revenue$169MContract assets−$299MPrepaid and other assets$26.0MOther liabilities$14.0MIncome taxes payable$23.0MOther operating capital−$39.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20262726449
Q2 202630264214
Q1 20262626466
Q4 202567121
Q3 20252630469
Q2 20252528457
Q1 20252129455
Q4 20241932483

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$1.4B−$179M−$73.0M−$234M−$3.0M—−$950M$1.3B
Q2 2026$879M−$108M−$229M−$232M−$356M—−$931M$771M
Q1 2026−$95.0M−$99.0M−$296M−$238M$244M—$479M−$194M
Q4 2025$2.0B−$158M−$156M−$225M−$729M—−$730M$1.8B
Q3 2025$546M−$119M−$176M−$225M−$263M—$143M$427M
Q2 2025$640M−$88.0M−$253M−$225M−$156M—$35.0M$552M
Q1 2025−$42.0M−$59.0M−$569M−$228M$15.0M—$98.0M−$101M
Q4 2024$1.1B−$118M−$42.0M−$221M−$670M$22.0M−$76.0M$1.0B

L3Harris Technologies: income statement and cash flow

L3Harris Technologies, Q3 2026: revenue $6.1B (+7% year over year), operating margin 13.0%. The chart follows the revenue to costs, profit and cash.

L3Harris Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.