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: 2011 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 9, 2012) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Consolidated Statement of Operations | |||
| Net Sales: | |||
| Product sales | $ 41,289 | 38,641 | 37,332 |
| Service sales | 16,901 | 15,685 | 15,093 |
| Total net sales | 58,190 | 54,326 | 52,425 |
| Costs and Expenses: | |||
| Cost of products sold | 31,026 | 28,956 | 28,905 |
| Cost of services sold | 11,127 | 10,458 | 9,956 |
| Research and development | 2,058 | 1,746 | 1,558 |
| Selling, general and administrative | 6,464 | 6,024 | 6,036 |
| Total costs and expenses | 50,675 | 47,184 | 46,455 |
| Other income, net | 584 | 44 | 407 |
| Operating profit | 8,099 | 7,186 | 6,377 |
| Interest expense, net | 494 | 648 | 617 |
| Income before income taxes | 7,605 | 6,538 | 5,760 |
| Income tax expense | 2,231 | 1,827 | 1,581 |
| Net income | 5,374 | 4,711 | 4,179 |
| Non-controlling interest in subsidiaries' earnings | 395 | 338 | 350 |
| Net income attributable to common shareowners | 4,979 | 4,373 | 3,829 |
| Earnings Per Share of Common Stock: | |||
| Basic | 5.58 | 4.82 | 4.17 |
| Diluted | 5.49 | 4.74 | 4.12 |
| Dividends Per Share of Common Stock | 1.86 | 1.70 | 1.54 |
| Weighted average number of shares outstanding: | |||
| Basic shares | 892,300 | 907,900 | 917,400 |
| Diluted shares | 906,800 | 922,700 | 928,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2011 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 9, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Consolidated Statement of Cash Flows | |||
| Operating Activities: | |||
| Net income attributable to common shareowners | $ 4,979 | 4,373 | 3,829 |
| Non-controlling interest in subsidiaries' earnings | 395 | 338 | 350 |
| Net income | 5,374 | 4,711 | 4,179 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 1,347 | 1,356 | 1,258 |
| Deferred income tax provision | 331 | 413 | 451 |
| Stock compensation cost | 229 | 154 | 153 |
| Change in: | |||
| Accounts receivable | (729) | (319) | 955 |
| Inventories and contracts in progress | (314) | (244) | 695 |
| Other current assets | 7 | (17) | (3) |
| Accounts payable and accrued liabilities | 618 | 1,105 | (582) |
| Global pension contributions | (551) | (1,299) | (1,270) |
| Other operating activities, net | 278 | 46 | (483) |
| Net cash flows provided by operating activities | 6,590 | 5,906 | 5,353 |
| Investing Activities: | |||
| Capital expenditures | (983) | (865) | (826) |
| Increase in customer financing assets | (42) | (217) | (171) |
| Decrease in customer financing assets | 92 | 162 | 80 |
| Investments in businesses | (357) | (2,758) | (703) |
| Dispositions of businesses | 497 | 208 | 158 |
| Other investing activities, net | 86 | 283 | 358 |
| Net cash flows used in investing activities | (707) | (3,187) | (1,104) |
| Financing Activities: | |||
| Issuance of long-term debt | 59 | 2,362 | 37 |
| Repayment of long-term debt | (616) | (1,751) | (1,012) |
| Increase (decrease) in short-term borrowings, net | 556 | (141) | (762) |
| Common Stock issued under employee stock plans | 226 | 386 | 342 |
| Dividends paid on Common Stock | (1,602) | (1,482) | (1,356) |
| Repurchase of Common Stock | (2,175) | (2,200) | (1,100) |
| Other financing activities, net | (453) | (327) | (340) |
| Net cash flows used in financing activities | (4,005) | (3,153) | (4,191) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (1) | 68 | 64 |
| Net increase (decrease) in cash and cash equivalents | 1,877 | (366) | 122 |
| Cash and cash equivalents, beginning of year | 4,083 | 4,449 | |
| Cash and cash equivalents, end of year | 5,960 | 4,083 | 4,449 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 642 | 753 | 704 |
| Income taxes paid, net of refunds | 1,432 | 1,222 | 1,396 |
| Non-cash investing and financing activities include: | |||
| Contributions of UTC Common Stock to domestic defined benefit pension plans | 450 | 250 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
RAYTHEON TECHNOLOGIES CORP | ||
Ticker: RTX Fiscal Year: 2011 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 9, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Consolidated Balance Sheet | ||
| Assets | ||
| Cash and cash equivalents | $ 5,960 | 4,083 |
| Accounts receivable (net of allowance for doubtful accounts of $394 and $402) | 9,546 | 8,925 |
| Inventories and contracts in progress, net | 7,797 | 7,766 |
| Future income tax benefits, current | 1,662 | 1,623 |
| Other assets, current | 793 | 1,113 |
| Total Current Assets | 25,758 | 23,510 |
| Customer financing assets | 1,035 | 1,118 |
| Future income tax benefits | 2,387 | 1,970 |
| Fixed assets, net | 6,201 | 6,280 |
| Goodwill | 17,943 | 17,721 |
| Intangible assets, net | 3,918 | 4,060 |
| Other assets | 4,210 | 3,834 |
| Total Assets | 61,452 | 58,493 |
| Liabilities and Equity | ||
| Short-term borrowings | 630 | 116 |
| Accounts payable | 5,570 | 5,206 |
| Accrued liabilities | 12,287 | 12,247 |
| Long-term debt currently due | 129 | 163 |
| Total Current Liabilities | 18,616 | 17,732 |
| Long-term debt | 9,501 | 10,010 |
| Future pension and postretirement benefit obligations | 5,007 | 3,592 |
| Other long-term liabilities | 5,150 | 4,510 |
| Total Liabilities | 38,274 | 35,844 |
| Commitments and contingent liabilities (Notes 4 and 17) | ||
| Redeemable non-controlling interest | 358 | 317 |
| Shareowners' Equity: | ||
| Capital Stock: | ||
| Preferred Stock, $1 par value; 250,000 shares authorized; None issued or outstanding | 0 | 0 |
| Common Stock, $1 par value; 4,000,000 shares authorized; 1,400,212 and 1,393,297 shares issued | 13,445 | 12,597 |
| Treasury Stock - 492,990 and 472,028 common shares at cost | (19,410) | (17,468) |
| Retained earnings | 33,487 | 30,191 |
| Unearned ESOP shares | (152) | (166) |
| Accumulated other comprehensive income (loss): | ||
| Foreign currency translation | 206 | 366 |
| Other | (5,696) | (4,135) |
| Total Accumulated other comprehensive loss | (5,490) | (3,769) |
| Total Shareowners' Equity | 21,880 | 21,385 |
| Non-controlling interest | 940 | 947 |
| Total Equity | 22,820 | 22,332 |
| Total Liabilities and Equity | 61,452 | 58,493 |
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2011 | |
| 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 |