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: 2012 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Consolidated Statement of Operations | |||
| Net Sales: | |||
| Product sales | $ 40,729 | 38,882 | 36,615 |
| Service sales | 16,979 | 16,872 | 15,660 |
| Total net sales | 57,708 | 55,754 | 52,275 |
| Costs and Expenses: | |||
| Cost of products sold | 31,094 | 29,252 | 27,513 |
| Cost of services sold | 11,059 | 11,117 | 10,441 |
| Research and development | 2,371 | 1,951 | 1,656 |
| Selling, general and administrative | 6,452 | 6,161 | 5,798 |
| Total costs and expenses | 50,976 | 48,481 | 45,408 |
| Other income, net | 952 | 573 | 31 |
| Operating profit | 7,684 | 7,846 | 6,898 |
| Interest expense, net | 773 | 496 | 650 |
| Income from continuing operations before income taxes | 6,911 | 7,350 | 6,248 |
| Income tax expense | 1,711 | 2,134 | 1,725 |
| Net income from continuing operations | 5,200 | 5,216 | 4,523 |
| Discontinued operations (Note 3): | |||
| Income from operations | 171 | 255 | 290 |
| Gain on disposal | 861 | 0 | 0 |
| Income tax expense | (742) | (97) | (102) |
| Net income from discontinued operations | 290 | 158 | 188 |
| Net income | 5,490 | 5,374 | 4,711 |
| Less: Non-controlling interest in subsidiaries' earnings | 360 | 395 | 338 |
| Net income attributable to common shareowners | 5,130 | 4,979 | 4,373 |
| Net income attributable to common shareowners: | |||
| Net income from continuing operations | 4,847 | 4,831 | 4,195 |
| Net income from discontinued operations | 283 | 148 | 178 |
| Earnings Per Share of Common Stock - Basic: | |||
| Net income from continuing operations | 5.41 | 5.41 | 4.62 |
| Net income attributable to common shareowners | 5.73 | 5.58 | 4.82 |
| Earnings Per Share of Common Stock - Diluted: | |||
| Net income from continuing operations | 5.35 | 5.33 | 4.55 |
| Net income attributable to common shareowners | 5.66 | 5.49 | 4.74 |
| Dividends Per Share of Common Stock | 2.03 | 1.86 | 1.70 |
| Weighted average number of shares outstanding: | |||
| Basic shares | 895,200 | 892,300 | 907,900 |
| Diluted shares | 906,600 | 906,800 | 922,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2012 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 5,490 | 5,374 | 4,711 |
| Other comprehensive income (loss), net of tax benefit (expense): | |||
| Foreign currency translation adjustments | |||
| Foreign currency translation adjustments arising during the period | 556 | (278) | (39) |
| Less: reclassification adjustments for (gain) loss on sale of an investment in | (100) | 115 | 21 |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent | 456 | (163) | (18) |
| Change in pension and post-retirement benefit plans | |||
| Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax | (1,542) | (2,692) | (701) |
| Prior service credit (cost) arising during period | 211 | (21) | (121) |
| Other | (3) | (9) | (3) |
| Less: amortization of actuarial loss, prior service cost, and transition obligation | 689 | 441 | 265 |
| Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent | (645) | (2,281) | (560) |
| Tax benefit | 205 | 796 | 224 |
| Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent | (440) | (1,485) | (336) |
| Unrealized (loss) gain on available-for-sale securities | |||
| Unrealized holding gain arising during period | 91 | 78 | 149 |
| Less: reclassification adjustments for (gain) loss included in net income | (123) | (27) | 8 |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | (32) | 51 | 157 |
| Tax benefit (expense) | 13 | (21) | (61) |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | (19) | 30 | 96 |
| Change in unrealized cash flow hedging | |||
| Unrealized cash flow hedging gain (loss) arising during period | 88 | (46) | 72 |
| Less: gain reclassified into Product sales | (31) | (96) | (119) |
| Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Portion Attributable to Parent | 57 | (142) | (47) |
| Tax (expense) benefit | (4) | 36 | 18 |
| Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent | 53 | (106) | (29) |
| Other comprehensive income (loss), net of tax (expense) benefit | 50 | (1,724) | (287) |
| Comprehensive income | 5,540 | 3,650 | 4,424 |
| Less: comprehensive income attributable to non-controlling interest | (368) | (392) | (333) |
| Comprehensive income atrributable to common shareowners | 5,172 | 3,258 | 4,091 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2012 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Consolidated Statement of Cash Flows | |||
| Operating Activities of Continuing Operations: | |||
| Net income attributable to common shareowners | $ 5,130 | 4,979 | 4,373 |
| Non-controlling interest in subsidiaries' earnings | 360 | 395 | 338 |
| Net income | 5,490 | 5,374 | 4,711 |
| Less: Net income from discontinued operations | 290 | 158 | 188 |
| Net income from continuing operations | 5,200 | 5,216 | 4,523 |
| Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations: | |||
| Depreciation and amortization | 1,524 | 1,263 | 1,300 |
| Deferred income tax provision | 120 | 334 | 425 |
| Stock compensation cost | 210 | 221 | 148 |
| Change in: | |||
| Accounts receivable | (165) | (697) | (313) |
| Inventories and contracts in progress | (539) | (330) | (259) |
| Other current assets | (4) | (24) | (20) |
| Accounts payable and accrued liabilities | 811 | 760 | 1,168 |
| Global pension contributions | (430) | (551) | (1,299) |
| Other operating activities, net | (122) | 268 | 47 |
| Net cash flows provided by operating activities of continuing operations | 6,605 | 6,460 | 5,720 |
| Investing Activities of Continuing Operations: | |||
| Capital expenditures | (1,389) | (929) | (838) |
| Increase in customer financing assets | (100) | (42) | (219) |
| Decrease in customer financing assets | 75 | 92 | 162 |
| Investments in businesses | (16,026) | (357) | (2,742) |
| Dispositions of businesses | 425 | 494 | 205 |
| Increase in collaboration intangible assets | 1,543 | 0 | 0 |
| Other investing activities, net | (237) | 70 | 282 |
| Net cash flows used in investing activities of continuing operations | (18,795) | (672) | (3,150) |
| Financing Activities of Continuing Operations: | |||
| Issuance of long-term debt | 10,899 | 59 | 2,362 |
| Repayment of long-term debt | (842) | (616) | (1,751) |
| (Decrease) increase in short-term borrowings, net | (214) | 562 | (141) |
| Common Stock issued under employee stock plans | 522 | 226 | 386 |
| Dividends paid on Common Stock | (1,752) | (1,602) | (1,482) |
| Repurchase of Common Stock | 0 | (2,175) | (2,200) |
| Other financing activities, net | (592) | (437) | (314) |
| Net cash flows provided by (used in) financing activities of continuing operations | 8,021 | (3,983) | (3,140) |
| Discontinued Operations: | |||
| Net cash provided by operating activities | 41 | 130 | 186 |
| Net cash provided by (used in) investing activities | 2,974 | (35) | (37) |
| Net cash used in financing activities | 0 | (22) | (13) |
| Net cash flows provided by discontinued operations | 3,015 | 73 | 136 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 30 | (1) | 68 |
| Net (decrease) increase in cash and cash equivalents | (1,124) | 1,877 | (366) |
| Cash and cash equivalents, beginning of year | 5,960 | 4,083 | |
| Cash and cash equivalents, end of year | 4,836 | 5,960 | 4,083 |
| Less: Cash and cash equivalents of businesses held for sale | 17 | 0 | 0 |
| Cash and cash equivalents | 4,819 | 5,960 | 4,083 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 725 | 642 | 753 |
| Income taxes paid, net of refunds | 1,772 | 1,432 | 1,222 |
| Non-cash investing and financing activities include: | |||
| Contributions of UTC Common Stock to domestic defined benefit pension plans | 0 | 450 | 250 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
RAYTHEON TECHNOLOGIES CORP | ||
Ticker: RTX Fiscal Year: 2012 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Consolidated Balance Sheet | ||
| Assets | ||
| Cash and cash equivalents | $ 4,819 | 5,960 |
| Accounts receivable (net of allowance for doubtful accounts of $443 and $394) | 11,099 | 9,546 |
| Inventories and contracts in progress, net | 9,537 | 7,797 |
| Future income tax benefits, current | 1,611 | 1,662 |
| Assets held for sale | 1,071 | 0 |
| Other assets, current | 1,473 | 793 |
| Total Current Assets | 29,610 | 25,758 |
| Customer financing assets | 1,150 | 1,035 |
| Future income tax benefits | 1,599 | 2,387 |
| Fixed assets, net | 8,518 | 6,201 |
| Goodwill | 27,801 | 17,943 |
| Intangible assets, net | 15,189 | 3,918 |
| Other assets | 5,542 | 4,210 |
| Total Assets | 89,409 | 61,452 |
| Liabilities and Equity | ||
| Short-term borrowings | 503 | 630 |
| Accounts payable | 6,431 | 5,570 |
| Accrued liabilities | 15,310 | 12,287 |
| Liabilities held for sale | 421 | 0 |
| Long-term debt currently due | 1,121 | 129 |
| Total Current Liabilities | 23,786 | 18,616 |
| Long-term debt | 21,597 | 9,501 |
| Future pension and postretirement benefit obligations | 7,520 | 5,007 |
| Other long-term liabilities | 9,199 | 5,150 |
| Total Liabilities | 62,102 | 38,274 |
| Commitments and contingent liabilities (Notes 5 and 18) | ||
| Redeemable non-controlling interest | 238 | 358 |
| 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; 1,407,780 and 1,400,212 shares issued | 13,976 | 13,445 |
| Treasury Stock - 488,931 and 492,990 common shares at average cost | (19,251) | (19,410) |
| Retained earnings | 36,776 | 33,487 |
| Unearned ESOP shares | (139) | (152) |
| Total Accumulated other comprehensive loss | (5,448) | (5,490) |
| Total Shareowners' Equity | 25,914 | 21,880 |
| Non-controlling interest | 1,155 | 940 |
| Total Equity | 27,069 | 22,820 |
| Total Liabilities and Equity | 89,409 | 61,452 |
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2012 | |
| 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 |