Leonardo DRS, Inc. (DRS)

Leonardo DRS Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,945	2,826	2,693	2,879	2,778	2,714
Revenue Growth (YoY)	11.13%	4.94%	-6.46%	3.64%	2.36%	16.33%
Cost of Revenue	2,275	2,178	2,118	2,332	2,284	2,255
Gross Profit	670	648	575	547	494	459
Selling, General & Admin	385	384	357	293	283	277
Other Operating Expenses	36	33	-343	18	30	19
Operating Expenses	421	417	14	311	313	296
Operating Income	249	231	561	236	181	163
Interest Expense / Income	33	36	34	35	64	65
Other Expense / Income	3	3	2	1	5	3
Pretax Income	213	192	525	200	112	95
Income Tax	28	24	120	46	27	20
Net Income	185	168	405	154	85	75
Net Income Growth	-51.44%	-58.52%	162.99%	81.18%	13.33%	-
Shares Outstanding (Basic)	263	262	145	145	145	-
Shares Change	0.80%	80.94%	-	-	-	-
EPS (Basic)	0.71	0.64	1.88	0.73	0.40	0.52
EPS (Diluted)	0.70	0.64	1.88	0.73	0.40	0.52
EPS Growth	-60.23%	-65.96%	157.53%	82.50%	-23.08%	-
Free Cash Flow	219	146	-32	118	74	110
Free Cash Flow Per Share	0.83	0.56	-0.22	0.81	0.51	-
Gross Margin	22.75%	22.93%	21.35%	19.00%	17.78%	16.91%
Operating Margin	8.46%	8.17%	20.83%	8.20%	6.52%	6.01%
Profit Margin	6.28%	5.94%	15.04%	5.35%	3.06%	2.76%
Free Cash Flow Margin	7.44%	5.17%	-1.19%	4.10%	2.66%	4.05%
Effective Tax Rate	13.15%	12.50%	22.86%	23.00%	24.11%	21.05%
EBITDA	331	313	624	293	229	211
EBITDA Margin	11.24%	11.08%	23.17%	10.18%	8.24%	7.77%
Depreciation & Amortization	85	85	65	58	53	51
EBIT	246	228	559	235	176	160
EBIT Margin	8.35%	8.07%	20.76%	8.16%	6.34%	5.90%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).