10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2009 2010 2011 2012 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

RAYTHEON TECHNOLOGIES CORP

Ticker: RTX   Fiscal Year: 2018

Consolidated Statement of Operations

Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Revenues
$
66,501
59,83757,244
Consolidated Statement of Operations
Costs and Expenses:
Research and development2,4622,4272,376
Selling, general and administrative7,0666,4295,958
Total costs and expenses59,51353,05749,805
Other Income1,5651,358782
Operating profit8,5538,1388,221
Non-service pension cost (benefit)(765)(534)49
Interest Expense, net1,0389091,039
Income from continuing operations before income taxes8,2807,7637,133
 
Income tax expense2,6262,8431,697
Net income from continuing operations5,6544,9205,436
 
Less: Noncontrolling interest in subsidiaries' earnings from continuing operations385368371
Income from continuing operations attributable to common shareowners5,2694,5525,065
 
Discontinued operations (Note 3):
Income from operations001
Gain on disposal0013
Income tax expense0024
Net (loss) income from discontinued operations00(10)
 
(Loss) Income from discontinued operations attributable to common shareowners00(10)
 
Net income attributable to common shareowners5,2694,5525,055
 
Earnings Per Share of Common Stock - Basic:
Net income from continuing operations attributable to common shareowners6.585.766.19
Net income attributable to common shareowners6.585.766.18
Earnings Per Share of Common Stock - Diluted:
Net income from continuing operations attributable to common shareowners6.505.706.13
Net income attributable to common shareowners6.505.706.12
Dividends Per Share of Common Stock2.842.722.62
Weighted average number of shares outstanding:
Basic shares800,400,000790,000,000818,200,000
Diluted shares810,100,000799,100,000826,100,000
Product and Service
Product
Revenues45,43441,36140,735
Cost of Goods and Services Sold36,75431,22430,304
Service
Revenues21,06718,47616,509
Cost of Goods and Services Sold13,23112,97711,167
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

RAYTHEON TECHNOLOGIES CORP

Ticker: RTX   Fiscal Year: 2018

Consolidated Statement of Comprehensive Income

Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Net income from continuing operations
$
5,654
4,9205,436
Net (loss) income from discontinued operations00(10)
Net income5,6544,9205,426
 
Other comprehensive loss, net of tax:
Foreign currency translation adjustments
Foreign currency translation adjustments arising during period(516)620(1,089)
Reclassification adjustments for from sale of an investment in a foreign entity recognized in net income2100
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax(518)610(1,089)
 
Tax expense (benefit)400
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax(522)610(1,089)
 
Change in pension and post-retirement benefit plans
Net actuarial (loss) gain arising during period(1,819)241(785)
Prior service cost (credit) arising during period22(2)13
Amortization of prior service credit344529535
Other105(116)542
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent1,392(656)(279)
 
Tax (expense) benefit326(263)(189)
Other Comprehensive Income (Loss), Defined Benefit Plan, after Reclassification Adjustment, after Tax1,066(393)(90)
 
Unrealized gain (loss) on available-for-sale securities
Unrealized holding gain arising during period05190
Reclassification adjustments for gain included in Other income, net056694
Other Comprehensive Income (Loss), ASU 2016-01 adoption impact on Securities Arising During Period(5)00
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent(5)(561)96
 
Tax expense (benefit)0(213)36
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent(5)(348)60
 
Change in unrealized cash flow hedging
Unrealized cash flow hedging gain (loss) arising during period(307)34775
Gain (Loss) reclassified into Product sales1639(171)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Portion Attributable to Parent(323)308246
 
Tax expense (benefit)(78)7469
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent(245)234177
 
Other comprehensive (loss) income, net of tax(1,838)889(762)
 
Comprehensive income3,8165,8094,664
 
Less: Comprehensive income attributable to noncontrolling interest355448324
Comprehensive income atrributable to common shareowners3,4615,3614,340
 
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

RAYTHEON TECHNOLOGIES CORP

Ticker: RTX   Fiscal Year: 2018

Consolidated Statement of Cash Flows

Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Operating Activities of Continuing Operations:
Income from continuing operations
$
5,654
4,9205,436
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:
Depreciation and amortization2,4332,1401,962
Deferred income tax provision73562398
Stock compensation cost251192152
Gain on sale of Taylor Company79900
Change in:
Accounts receivable2,426448941
Contract assets, current60400
Inventories and contracts in progress5371,074719
Other current assets(161)101(49)
Accounts payable and accrued liabilities2,4461,571450
Contract liabilities, current20500
Global pension contributions1472,112303
Canadian Government Settlement(429)(285)(237)
Other operating activities, net621(766)(165)
Net Cash Provided by Operating Activities, Continuing Operations6,3225,6316,412
 
Investing Activities of Continuing Operations:
Capital expenditures1,9022,0141,699
Increase in customer financing assets9881,197438
Decrease in customer financing assets606222217
Investments in businesses15,398231710
Dispositions of businesses1,10570211
Proceeds from the sale of the investment in Watsco Inc.05960
Increase in collaboration intangible assets400380388
Payments (receipts) from settlements of derivative contracts(143)317(249)
Other investing activities, net139(232)(49)
Net cash flows used in investing activities of continuing operations(16,973)(3,019)(2,509)
 
Financing Activities of Continuing Operations:
Issuance of long-term debt13,4554,9546,469
Repayment of long-term debt2,5201,6042,452
(Decrease) increase in short-term borrowings, net(356)(271)(331)
Common Stock issued under employee stock plans363113
Dividends paid on Common Stock2,1702,0742,069
Repurchase of Common Stock3251,4532,254
Other financing activities, net(155)(576)(564)
Net cash flows provided by (used in) financing activities of continuing operations7,965(993)(1,188)
 
Discontinued Operations:
Net cash used in operating activities00(2,532)
Net cash provided by investing activities006
Net cash flows (used in) provided by discontinued operations00(2,526)
 
Effect of foreign exchange rate changes on cash and cash equivalents(120)210(120)
Net (decrease) increase in cash and cash equivalents(2,806)1,82969
 
Cash and Cash Equivalents, beginning of period9,0187,189
Cash and Cash Equivalents, end of period6,2129,0187,189
 
Cash and cash equivalents of continuing operations, end of year6,1528,9857,157
Supplemental Disclosure of Cash Flow Information:
Interest paid, net of amounts capitalized1,0279741,157
Income taxes paid, net of refunds1,7141,3264,096
Restricted Cash And Cash Equivalents603332
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

RAYTHEON TECHNOLOGIES CORP

Ticker: RTX   Fiscal Year: 2018

Consolidated Balance Sheet

Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2018Dec 31, 2017
Assets
Cash and cash equivalents
$
6,152
8,985
Accounts receivable (net of allowance for doubtful accounts of $488 and $456)14,27112,595
Contract with Customer, Asset, Net, Current3,4860
Inventories and contracts in progress, net10,0839,881
Other assets, current1,5111,397
Total Current Assets35,50332,858
 
Customer financing assets3,0232,372
Future income tax benefits1,6461,723
Fixed assets, net12,29710,186
Goodwill48,11227,910
Intangible assets, net26,42415,883
Other assets7,2065,988
Total Assets134,21196,920
 
Liabilities and Equity
Short-term borrowings1,469392
Accounts payable11,0809,579
Accrued liabilities10,22312,316
Contract with Customer, Liability, Current5,7200
Long-term debt currently due2,8762,104
Total Current Liabilities31,36824,391
 
Long-term debt41,19224,989
Future pension and postretirement benefit obligations4,0183,036
Other long-term liabilities16,91412,952
Total Liabilities93,49265,368
 
Redeemable noncontrolling interest109131
Shareowners' Equity:
Capital Stock:
Preferred Stock, $1 par value; 250,000 shares authorized; None issued or outstanding00
Common Stock, $1 par value; 4,000,000 shares authorized; 1,446,961 and 1,444,187 shares issued22,51417,574
Treasury Stock 585,479 and 645,057 common shares at average cost32,48235,596
Retained earnings57,82355,242
Unearned ESOP shares7685
Total Accumulated other comprehensive loss(9,333)(7,525)
Total Shareowners' Equity38,44629,610
 
Noncontrolling interest2,1641,811
Total Equity40,61031,421
 
Total Liabilities and Equity134,21196,920
 
External Links 
RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2018
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