Leonardo DRS, Inc. (DRS)

Leonardo DRS Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	290	278	213	168	405	154
Depreciation & Amortization	94	93	91	85	65	58
Stock-Based Compensation	28	32	22	17	5	-
Other Adjustments	27	28	24	-51	-360	31
Change in Receivables	-63	-140	-66	-21	-135	-125
Changes in Inventories	14	6	-29	-10	-33	42
Changes in Accounts Payable	-105	-79	15	-59	-14	1
Changes in Accrued Expenses	32	3	-39	-26	14	28
Changes in Unearned Revenue	173	186	64	102	72	-3
Changes in Other Operating Activities	-52	-41	-24	0	14	-8
Operating Cash Flow	438	366	271	205	33	178
Operating Cash Flow Growth	10.05%	35.05%	32.20%	521.21%	-81.46%	42.40%
Capital Expenditures	-137	-139	-85	-60	-65	-60
Sale of Property, Plant & Equipment	1	-	-	-	-	-
Purchases of Investments	-	-15	-	-	-	-2
Payments for Business Acquisitions	-	-	-	-	19	-14
Proceeds from Business Divestments	-	-	1	1	482	-
Other Investing Activities	-	-	-	-	-	115
Investing Cash Flow	-151	-154	-84	-59	436	39
Short-Term Debt Issued	-7	1	-32	20	-8	-18
Net Short-Term Debt Issued (Repaid)	-7	1	-32	20	-8	-18
Long-Term Debt Issued	-	-	280	715	998	930
Long-Term Debt Repaid	-199	-11	-291	-727	-992	-950
Net Long-Term Debt Issued (Repaid)	-199	-11	-11	-12	6	-20
Issuance of Common Stock	12	9	16	12	-	-
Repurchase of Common Stock	-40	-56	-19	-1	-	-
Net Common Stock Issued (Repurchased)	-28	-47	-3	11	-	-
Common Dividends Paid	-96	-96	-	-	-393	-
Other Financing Activities	-11	-10	-10	-4	-8	-
Financing Cash Flow	-339	-163	-56	15	-403	-38
Net Cash Flow	-52	49	131	161	66	179
Free Cash Flow	301	227	186	145	-32	118
Free Cash Flow Growth	32.60%	22.04%	28.28%	-	-	71.01%
FCF Margin	8.15%	6.22%	5.75%	5.13%	-1.19%	4.10%
Free Cash Flow Per Share	1.12	0.84	0.69	0.55	-0.15	0.56
Levered Free Cash Flow	103	297	163	208	456	174
Unlevered Free Cash Flow	468.51	437.07	342.6	291.88	485.77	239.72

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q