10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2010 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 10, 2011) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Consolidated Statement of Operations | |||
| Net Sales: | |||
| Product sales | $ 38,641 | 37,332 | 43,234 |
| Service sales | 15,685 | 15,093 | 15,885 |
| Total net sales | 54,326 | 52,425 | 59,119 |
| Costs, Expenses and Other: | |||
| Cost of products sold | 28,956 | 28,905 | 32,833 |
| Cost of services sold | 10,458 | 9,956 | 10,804 |
| Research and development | 1,746 | 1,558 | 1,771 |
| Selling, general and administrative | 6,024 | 6,036 | 6,724 |
| Other income, net | (44) | (407) | (522) |
| Operating profit | 7,186 | 6,377 | 7,509 |
| Interest expense, net | 648 | 617 | 573 |
| Income before income taxes | 6,538 | 5,760 | 6,936 |
| Income tax expense | 1,827 | 1,581 | 1,883 |
| Net income | 4,711 | 4,179 | 5,053 |
| Less: Noncontrolling interest in subsidiaries' earnings | 338 | 350 | 364 |
| Net income attributable to common shareowners | 4,373 | 3,829 | 4,689 |
| Earnings Per Share of Common Stock: | |||
| Basic | 4.8200 | 4.1700 | 5.0000 |
| Diluted | 4.7400 | 4.1200 | 4.9000 |
| Dividends Per Share of Common Stock | 1.7000 | 1.5400 | 1.3500 |
| Weighted average number of shares outstanding: | |||
| Basic shares | 907,900 | 917,400 | 937,800 |
| Diluted shares | 922,700 | 928,800 | 956,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2010 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 10, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Consolidated Statement of Cash Flows | |||
| Operating Activities: | |||
| Net income attributable to common shareowners | $ 4,373 | 3,829 | 4,689 |
| Noncontrolling interest in subsidiaries' earnings | 338 | 350 | 364 |
| Net income | 4,711 | 4,179 | 5,053 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 1,356 | 1,258 | 1,321 |
| Deferred income tax provision | 413 | 451 | 45 |
| Stock compensation cost | 154 | 153 | 211 |
| Change in: | |||
| Accounts receivable | (319) | 955 | (546) |
| Inventories and contracts in progress | (244) | 695 | (562) |
| Other current assets | (17) | (3) | 35 |
| Accounts payable and accrued liabilities | 1,105 | (582) | 843 |
| Global pension contributions | (1,299) | (1,270) | (193) |
| Other operating activities, net | 46 | (483) | (46) |
| Net cash flows provided by operating activities | 5,906 | 5,353 | 6,161 |
| Investing Activities: | |||
| Capital expenditures | (865) | (826) | (1,216) |
| Increase in customer financing assets | (217) | (171) | (285) |
| Decrease in customer financing assets | 162 | 80 | 138 |
| Investments in businesses | (2,758) | (703) | (1,252) |
| Dispositions of businesses | 208 | 158 | 337 |
| Other investing activities, net | 283 | 358 | (58) |
| Net cash flows used in investing activities | (3,187) | (1,104) | (2,336) |
| Financing Activities: | |||
| Issuance of long-term debt | 2,362 | 37 | 2,248 |
| Repayment of long-term debt | (1,751) | (1,012) | (48) |
| (Decrease) increase in short-term borrowings, net | (141) | (762) | 91 |
| Common Stock issued under employee stock plans | 386 | 342 | 163 |
| Dividends paid on Common Stock | (1,482) | (1,356) | (1,210) |
| Repurchase of Common Stock | (2,200) | (1,100) | (3,160) |
| Other financing activities, net | (327) | (340) | (322) |
| Net cash flows used in financing activities | (3,153) | (4,191) | (2,238) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 68 | 64 | (164) |
| Net (decrease) increase in cash and cash equivalents | (366) | 122 | 1,423 |
| Cash and cash equivalents, beginning of year | 4,449 | 4,327 | |
| Cash and cash equivalents, end of year | 4,083 | 4,449 | 4,327 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 753 | 704 | 659 |
| Income taxes paid, net of refunds | 1,222 | 1,396 | 1,912 |
| Non-cash investing and financing activities include: | |||
| Non-cash investing and financing activities | Contributions of UTC Common Stock to domestic defined benefit pension plans of $250 in 2010 and 2008, respectively. | ||
| Domestic Defined Benefit Plan Stock Contributions By Employer | 250 | 250 | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
RAYTHEON TECHNOLOGIES CORP | ||
Ticker: RTX Fiscal Year: 2010 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 10, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Consolidated Balance Sheet | ||
| Assets | ||
| Cash and cash equivalents | $ 4,083 | 4,449 |
| Accounts receivable (net of allowance for doubtful accounts of $402 and $390) | 8,925 | 8,469 |
| Inventories and contracts in progress, net | 7,766 | 7,509 |
| Future income tax benefits, current | 1,623 | 1,689 |
| Other assets, current | 1,113 | 1,078 |
| Total Current Assets | 23,510 | 23,194 |
| Customer financing assets | 1,118 | 1,047 |
| Future income tax benefits | 1,970 | 2,102 |
| Fixed assets, net | 6,280 | 6,364 |
| Goodwill | 17,721 | 16,298 |
| Intangible assets, net | 4,060 | 3,538 |
| Other assets | 3,834 | 3,219 |
| Total Assets | 58,493 | 55,762 |
| Liabilities and Equity | ||
| Short-term borrowings | 116 | 254 |
| Accounts payable | 5,206 | 4,634 |
| Accrued liabilities | 12,247 | 11,792 |
| Long-term debt currently due | 163 | 1,233 |
| Total Current Liabilities | 17,732 | 17,913 |
| Long-term debt | 10,010 | 8,257 |
| Future pension and postretirement benefit obligations | 3,592 | 4,150 |
| Other long-term liabilities | 4,510 | 4,054 |
| Total Liabilities | 35,844 | 34,374 |
| Commitments and contingent liabilities (Notes 4 and 17) | ||
| Redeemable noncontrolling interest | 317 | 389 |
| Shareowners' Equity: | ||
| Capital Stock: | ||
| Preferred Stock, $1 par value; 250,000 shares authorized; None issued or outstanding | ||
| Common Stock, $1 par value; 4,000,000 shares authorized; 1,393,297 and 1,381,700 shares issued | 12,597 | 11,746 |
| Treasury Stock - 472,028 and 444,958 common shares at cost | (17,468) | (15,408) |
| Retained earnings | 30,191 | 27,396 |
| Unearned ESOP shares | (166) | (181) |
| Accumulated other comprehensive income (loss): | ||
| Foreign currency translation | 366 | 379 |
| Other | (4,135) | (3,866) |
| Total Accumulated other comprehensive loss | (3,769) | (3,487) |
| Total Shareowners' Equity | 21,385 | 20,066 |
| Noncontrolling interest | 947 | 933 |
| Total Equity | 22,332 | 20,999 |
| Total Liabilities and Equity | 58,493 | 55,762 |
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |