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: 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 Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities of Continuing Operations: | |||
| Income from continuing operations | $ 5,654 | 4,920 | 5,436 |
| Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations: | |||
| Depreciation and amortization | 2,433 | 2,140 | 1,962 |
| Deferred income tax provision | 735 | 62 | 398 |
| Stock compensation cost | 251 | 192 | 152 |
| Gain on sale of Taylor Company | 799 | 0 | 0 |
| Change in: | |||
| Accounts receivable | 2,426 | 448 | 941 |
| Contract assets, current | 604 | 0 | 0 |
| Inventories and contracts in progress | 537 | 1,074 | 719 |
| Other current assets | (161) | 101 | (49) |
| Accounts payable and accrued liabilities | 2,446 | 1,571 | 450 |
| Contract liabilities, current | 205 | 0 | 0 |
| Global pension contributions | 147 | 2,112 | 303 |
| Canadian Government Settlement | (429) | (285) | (237) |
| Other operating activities, net | 621 | (766) | (165) |
| Net Cash Provided by Operating Activities, Continuing Operations | 6,322 | 5,631 | 6,412 |
| Investing Activities of Continuing Operations: | |||
| Capital expenditures | 1,902 | 2,014 | 1,699 |
| Increase in customer financing assets | 988 | 1,197 | 438 |
| Decrease in customer financing assets | 606 | 222 | 217 |
| Investments in businesses | 15,398 | 231 | 710 |
| Dispositions of businesses | 1,105 | 70 | 211 |
| Proceeds from the sale of the investment in Watsco Inc. | 0 | 596 | 0 |
| Increase in collaboration intangible assets | 400 | 380 | 388 |
| Payments (receipts) from settlements of derivative contracts | (143) | 317 | (249) |
| Other investing activities, net | 139 | (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 debt | 13,455 | 4,954 | 6,469 |
| Repayment of long-term debt | 2,520 | 1,604 | 2,452 |
| (Decrease) increase in short-term borrowings, net | (356) | (271) | (331) |
| Common Stock issued under employee stock plans | 36 | 31 | 13 |
| Dividends paid on Common Stock | 2,170 | 2,074 | 2,069 |
| Repurchase of Common Stock | 325 | 1,453 | 2,254 |
| Other financing activities, net | (155) | (576) | (564) |
| Net cash flows provided by (used in) financing activities of continuing operations | 7,965 | (993) | (1,188) |
| Discontinued Operations: | |||
| Net cash used in operating activities | 0 | 0 | (2,532) |
| Net cash provided by investing activities | 0 | 0 | 6 |
| Net cash flows (used in) provided by discontinued operations | 0 | 0 | (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) | 1,829 | 69 |
| Cash and Cash Equivalents, beginning of period | 9,018 | 7,189 | |
| Cash and Cash Equivalents, end of period | 6,212 | 9,018 | 7,189 |
| Cash and cash equivalents of continuing operations, end of year | 6,152 | 8,985 | 7,157 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 1,027 | 974 | 1,157 |
| Income taxes paid, net of refunds | 1,714 | 1,326 | 4,096 |
| Restricted Cash And Cash Equivalents | 60 | 33 | 32 |
| 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 |