10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2015 | |||
Consolidated Statement of Operations | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Consolidated Statement of Operations | |||
| Net Sales: | |||
| Product sales | $ 39,801 | 41,545 | 40,500 |
| Service sales | 16,297 | 16,355 | 16,100 |
| Net Sales | 56,098 | 57,900 | 56,600 |
| Costs and Expenses: | |||
| Cost of products sold | 29,771 | 30,367 | 30,051 |
| Cost of services sold | 10,660 | 10,531 | 10,417 |
| Research and development | 2,279 | 2,475 | 2,342 |
| Selling, general and administrative | 5,886 | 6,172 | 6,364 |
| Total costs and expenses | 48,596 | 49,545 | 49,174 |
| Other (expense) income, net | (211) | ||
| Other (expense) income, net | 1,238 | 1,123 | |
| Operating profit | 7,291 | 9,593 | 8,549 |
| Interest expense, net | (824) | (881) | (895) |
| Income from continuing operations before income taxes | 6,467 | 8,712 | 7,654 |
| Income tax expense | 2,111 | 2,244 | 1,999 |
| Net income from continuing operations | 4,356 | 6,468 | 5,655 |
| Less: Noncontrolling interest in subsidiaries' earnings from continuing operations | 360 | 402 | 390 |
| Income from continuing operations attributable to common shareowners | 3,996 | 6,066 | 5,265 |
| Discontinued operations (Note 3): | |||
| Income from operations | 252 | 175 | 721 |
| Gain (loss) on disposal | (6,042) | 0 | 33 |
| Income tax expense | 2,684 | 20 | 234 |
| Income from discontinued operations | 3,610 | 155 | 454 |
| Less: Noncontrolling interest in subsidiaries' earnings (loss) from discontinued operations | (2) | 1 | (2) |
| Income from discontinued operations attributable to common shareowners | 3,612 | 154 | 456 |
| Net income attributable to common shareowners | 7,608 | 6,220 | 5,721 |
| Earnings Per Share of Common Stock - Basic: | |||
| Net income from continuing operations attributable to common shareowners | 4.58 | 6.75 | 5.84 |
| Net income attributable to common shareowners | 8.72 | 6.92 | 6.35 |
| Earnings Per Share of Common Stock - Diluted: | |||
| Net income from continuing operations attributable to common shareowners | 4.53 | 6.65 | 5.75 |
| Net income attributable to common shareowners | 8.61 | 6.82 | 6.25 |
| Dividends Per Share of Common Stock | 2.56 | 2.36 | 2.19 |
| Weighted average number of shares outstanding: | |||
| Basic shares | 872,700,000 | 898,300,000 | 901,000,000 |
| Diluted shares | 883,200,000 | 911,600,000 | 915,100,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income from continuing operations | $ 4,356 | 6,468 | 5,655 |
| Net income from discontinued operations | 3,610 | 155 | 454 |
| Net income | 7,966 | 6,623 | 6,109 |
| Other comprehensive (loss) income, net of tax: | |||
| Foreign currency translation adjustments | |||
| Foreign currency translation adjustments arising during period | (1,502) | (1,302) | (523) |
| Reclassification adjustments for loss (gain) on sale of an investment in a foreign entity recognized in net income | (42) | (7) | (25) |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent | (1,460) | (1,295) | (498) |
| Change in pension and post-retirement benefit plans | |||
| Net actuarial (loss) gain arising during the period | (284) | (4,362) | 3,987 |
| Prior service cost arising during period | 37 | 5 | 225 |
| Pension and post-retirement benefit plans - Other | 326 | 121 | 50 |
| Amortization of actuarial loss and prior service credit | 867 | 416 | 906 |
| Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent | (872) | 3,830 | (4,718) |
| Tax (expense) benefit | (298) | 1,388 | (1,735) |
| Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent | (574) | 2,442 | (2,983) |
| Unrealized gain (loss) on available-for-sale securities | |||
| Unrealized holding gain arising during period | 28 | 35 | 332 |
| Less: reclassification adjustments for gain included in Other income, net | 54 | 20 | 91 |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | (26) | 15 | 241 |
| Tax (expense) benefit | (11) | 3 | 90 |
| Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | (15) | 12 | 151 |
| Change in unrealized cash flow hedging | |||
| Unrealized cash flow hedging (loss) gain arising during period | (415) | (263) | (134) |
| Loss (gain) reclassified into Product sales | (234) | (96) | (25) |
| Gain reclassified into Other income, net | 0 | 0 | (2) |
| Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Portion Attributable to Parent | (181) | (167) | (111) |
| Tax benefit (expense) | (51) | (37) | (29) |
| Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent | (130) | (130) | (82) |
| Other comprehensive (loss) income, net of tax | (1,031) | (3,855) | 2,554 |
| Comprehensive income | 6,935 | 2,768 | 8,663 |
| Less: Comprehensive income attributable to noncontrolling interest | 285 | 329 | 374 |
| Comprehensive income atrributable to common shareowners | 6,650 | 2,439 | 8,289 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
RAYTHEON TECHNOLOGIES CORP | |||
Ticker: RTX Fiscal Year: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities of Continuing Operations: | |||
| Income from continuing operations | $ 4,356 | 6,468 | 5,655 |
| Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations: | |||
| Depreciation and amortization | 1,863 | 1,820 | 1,735 |
| Deferred income tax provision | 662 | 403 | 268 |
| Stock compensation cost | 158 | 219 | 250 |
| Canadian government settlement | 867 | 0 | 0 |
| Change in: | |||
| Accounts receivable | 438 | (111) | 476 |
| Inventories and contracts in progress | 844 | 636 | 465 |
| Other current assets | 55 | 115 | (72) |
| Accounts payable and accrued liabilities | 490 | (89) | 1,023 |
| Global pension contributions | 147 | 517 | 108 |
| Other operating activities, net | 214 | 670 | 640 |
| Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 6,698 | 6,994 | 7,314 |
| Investing Activities of Continuing Operations: | |||
| Capital expenditures | 1,652 | 1,594 | 1,569 |
| Increase in customer financing assets | 286 | 202 | 242 |
| Decrease in customer financing assets | 117 | 331 | 108 |
| Investments in businesses | 538 | 402 | 151 |
| Dispositions of businesses | 200 | 344 | 1,560 |
| Proceeds from Sale of Finance Receivables | 437 | 593 | 722 |
| Payments for (Proceeds from) Derivative Instrument, Investing Activities | (160) | (93) | 323 |
| Other investing activities, net | 91 | 169 | (16) |
| Net cash flows used in investing activities of continuing operations | (2,527) | (2,192) | (1,323) |
| Financing Activities of Continuing Operations: | |||
| Issuance of long-term debt | 1,744 | 98 | 89 |
| Repayment of long-term debt | 1,764 | 304 | 2,864 |
| Increase (decrease) in short-term borrowings, net | 795 | (346) | (113) |
| Proceeds from Issuance of Common Stock - Equity unit settlement | 1,100 | 0 | 0 |
| Common Stock issued under employee stock plans | 41 | 187 | 378 |
| Dividends paid on Common Stock | 2,184 | 2,048 | 1,908 |
| Repurchase of Common Stock | 10,000 | 1,500 | 1,200 |
| Other financing activities, net | (508) | (334) | (313) |
| Net cash flows (used in) provided by financing activities of continuing operations | (10,776) | (4,247) | (5,931) |
| Discontinued Operations: | |||
| Net cash (used in) provided by operating activities | (372) | 342 | (437) |
| Net cash provided by investing activities | 9,000 | (113) | 210 |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | (9) | (12) | (9) |
| Net cash flows (used in) provided by discontinued operations | 8,619 | 217 | (236) |
| Cash and Cash Equivalents, end of period | 7,075 | 5,235 | 4,619 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (174) | (156) | (41) |
| Net increase (decrease) in cash and cash equivalents | 1,840 | 616 | (217) |
| Cash and Cash Equivalents, beginning of period | 5,235 | 4,619 | |
| Cash and Cash Equivalents, end of period | 7,075 | 5,235 | 4,619 |
| Less: Cash and cash equivalents of businesses held for sale | 0 | 6 | 12 |
| Cash and cash equivalents of continuing operations, end of year | 7,075 | 5,229 | 4,607 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 1,057 | 1,076 | 1,045 |
| Income taxes paid, net of refunds | 2,060 | 2,024 | 2,789 |
| Domestic Defined Benefit Plan Stock Contributions By Employer | 250 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
RAYTHEON TECHNOLOGIES CORP | ||
Ticker: RTX Fiscal Year: 2015 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and cash equivalents | $ 7,075 | 5,229 |
| Accounts receivable (net of allowance for doubtful accounts of $504 and $477) | 10,653 | 10,448 |
| Inventories and contracts in progress, net | 8,135 | 7,642 |
| Future income tax benefits, current | 0 | 1,923 |
| Assets held for sale | 0 | 4,868 |
| Other assets, current | 843 | 1,373 |
| Total Current Assets | 26,706 | 31,483 |
| Customer financing assets | 1,018 | 958 |
| Future income tax benefits | 1,961 | 1,491 |
| Fixed assets, net | 8,732 | 8,592 |
| Goodwill | 27,301 | 27,448 |
| Intangible assets, net | 15,603 | 15,528 |
| Other assets | 6,163 | 5,706 |
| Total Assets | 87,484 | 91,206 |
| Liabilities and Equity | ||
| Short-term borrowings | 926 | 126 |
| Accounts payable | 6,875 | 6,250 |
| Accrued liabilities | 14,638 | 12,527 |
| Liabilities held for sale | 0 | 2,781 |
| Long-term debt currently due | 179 | 1,791 |
| Total Current Liabilities | 22,618 | 23,475 |
| Long-term debt | 19,320 | 17,784 |
| Future pension and postretirement benefit obligations | 6,022 | 6,681 |
| Other long-term liabilities | 10,558 | 10,562 |
| Total Liabilities | 58,518 | 58,502 |
| Commitments and contingent liabilities (Notes 5 and 17) | ||
| Redeemable noncontrolling interest | 122 | 140 |
| 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; 1,438,497 and 1,423,684 shares issued | 16,033 | 15,300 |
| Treasury Stock 600,153 and 514,309 common shares at average cost | 30,907 | 21,922 |
| Retained earnings | 49,956 | 44,611 |
| Unearned ESOP shares | 105 | 115 |
| Total Accumulated other comprehensive loss | (7,619) | (6,661) |
| Total Shareowners' Equity | 27,358 | 31,213 |
| Noncontrolling interest | 1,486 | 1,351 |
| Total Equity | 28,844 | 32,564 |
| Total Liabilities and Equity | 87,484 | 91,206 |
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2015 | |
| 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 |