L3Harris 10K 2007 Annual report | LHX Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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Removed: actuarially, AEHF, affiliate, Alcatel, Andrew, annum, automate, automotive, BB, Bowman, bringing, broker, Campbell, care, Carolina, center, cluster, compel, Constellation, continual, Danaher, dealer, Defence, discriminator, drug, Durham, earliest, eliminating, EM, energy, entitle, erosion, evidenced, excellent, expire, Extremely, EYE, fined, fingerprint, flat, growing, Guard, Guy, health, Hunt, illiquid, IMN, industrial, initiative, insight, Interior, investee, Italy, Likewise, liquidation, Medicare, MegaStar, member, Ministry, modern, modulation, MTN, newest, newspaper, Nokia, nominate, Operationsin, outpaced, PC, PDA, PDH, periodic, placement, Postal, prescription, pricing, privately, Programme, quote, radiotm, reader, rebuild, reportable, retiree, risky, roll, rule, Sarnoff, SDH, Sharein, shipped, socioeconomic, SONET, SOP, subsidy, superior, team, TELT, tender, TruePrint, TTS, UHF, understand, undervalued, wired, won, XTRA


	Year Ended
	June 29,		June 30,		July 1,
	2007		2006		2005
	(In millions except ratios)

Earnings:
Net Income	$	480.4	$	237.9	$	202.2
Plus: Income Taxes		190.9		142.9		96.2
Fixed Charges		52.2		46.7		33.0
Amortization of Capitalized Interest		—		—		—
Less: Interest Capitalized During the Period		—		—		—
Undistributed Earnings in Equity Investments		—		—		—

	$	723.5	$	427.5	$	331.4

Fixed Charges:
Interest Expense	$	41.1	$	36.5	$	24.0
Plus: Capitalized Interest		—		—		—
Interest Portion of Rental Expense		11.1		10.2		9.0

	$	52.2	$	46.7	$	33.0

Ratio of Earnings to Fixed Charges		13.86		9.15		10.04

L3Harris (LHX) 10-K2007 FY Annual report

Content analysis