Leonardo DRS Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	309	598	467	306	240	61
Cash & Short-Term Investments	309	598	467	306	240	61
Cash Growth	56.06%	28.05%	52.61%	27.50%	293.44%	-28.23%
Accounts Receivable	1,381	1,125	1,059	1,038	899	774
Receivables	1,381	1,125	1,059	1,038	899	889
Inventory	404	358	329	319	205	247
Prepaid Expenses	32	27	21	20	23	33
Other Current Assets	40	55	42	24	22	33
Total Current Assets	2,166	2,163	1,918	1,707	1,389	1,263
Property, Plant & Equipment	477	519	484	487	448	443
Long-Term Investments	21	-	-	-	27	25
Goodwill	1,238	1,238	1,238	1,236	1,071	1,057
Other Intangible Assets	114	132	151	172	52	60
Long-Term Deferred Tax Assets	118	120	123	66	56	87
Other Long-Term Assets	111	12	7	9	26	21
Total Assets	4,245	4,184	3,921	3,677	3,069	2,956
Accounts Payable	342	426	398	457	479	478
Accrued Expenses	142	138	136	139	144	132
Short-Term Debt	3	4	35	10	15	27
Current Portion of Long-Term Debt	21	11	12	11	20	21
Current Portion of Leases	28	37	33	33	30	27
Current Income Taxes Payable	31	24	46	31	-	-
Current Unearned Revenue	440	399	335	233	174	177
Other Current Liabilities	75	77	83	128	127	113
Total Current Liabilities	1,082	1,116	1,078	1,042	989	975
Long-Term Debt	172	237	248	260	245	265
Long-Term Leases	247	169	169	173	180	190
Pension & Post-Retirement Benefits	28	34	36	45	61	88
Long-Term Deferred Tax Liabilities	5	7	4	-	-	-
Other Long-Term Liabilities	63	64	61	30	1	11
Total Liabilities	1,597	1,627	1,596	1,550	1,476	1,529
Common Stock	3	3	3	3	2	1
Additional Paid-In Capital	5,105	5,194	5,175	5,147	4,632	4,633
Retained Earnings	-2,417	-2,593	-2,806	-2,974	-2,983	-3,137
Comprehensive Income & Other	-43	-47	-47	-49	-58	-70
Shareholders' Equity	2,648	2,557	2,325	2,127	1,593	1,427
Total Liabilities & Equity	4,245	4,184	3,921	3,677	3,069	2,956
Total Debt	471	458	497	487	490	530
Net Cash (Debt)	-162	140	-30	-181	-250	-469
Net Cash Per Share	-0.60	0.52	-0.11	-0.84	-1.19	-2.23
Filing Date Shares Outstanding	266.03	265.16	262.63	260.55	210.45	210.45
Total Common Shares Outstanding	266.1	265.06	262.53	260.23	210.45	210.45
Working Capital	1,084	1,047	840	665	400	288
Book Value Per Share	9.95	9.65	8.86	8.17	7.57	6.78
Tangible Book Value	1,296	1,187	936	719	470	310
Tangible Book Value Per Share	4.87	4.48	3.57	2.76	2.23	1.47
Land	389	380	342	321	312	294
Machinery	660	585	531	525	489	462
Order Backlog	-	8,509	7,751	4,269	2,861	3,291

Source: S&P Global Market Intelligence. Standard template. Financial Sources.