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: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 8, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities: | |||
| Net income (loss) from continuing operations | $ (2,928) | 3,731 | 1,406 |
| Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations: | |||
| Depreciation and amortization | 4,156 | 2,708 | 1,896 |
| Deferred income tax (benefit) provision | (99) | 38 | 763 |
| Stock compensation cost | 330 | 268 | 169 |
| Net periodic pension and other postretirement (income) expense | (413) | (566) | (392) |
| Goodwill impairment charge | 3,183 | 0 | 0 |
| Change in: | |||
| Accounts receivables | 1,318 | 88 | (1,147) |
| Contract assets | 63 | (679) | (651) |
| Inventory | 412 | (1,267) | (417) |
| Other current assets | (445) | (984) | (645) |
| Accounts payable and accrued liabilities | (1,666) | 1,111 | 2,738 |
| Contract liabilities | 1,129 | 1,234 | 325 |
| Global pension contributions | (1,025) | (55) | (79) |
| Canadian Government Settlement | 0 | (38) | (429) |
| Other operating activities, net | 319 | 232 | (867) |
| Net cash flows provided by operating activities from continuing operations | 4,334 | 5,821 | 2,670 |
| Investing Activities: | |||
| Capital expenditures | (1,795) | (1,868) | (1,467) |
| Increase in customer financing assets | (280) | (787) | (988) |
| Decrease in customer financing assets | 368 | 128 | 604 |
| Investments in businesses (Note 2) | (419) | (9) | (15,039) |
| Cash acquired in Raytheon Merger | 3,208 | 0 | 0 |
| Dispositions of businesses (Note 2) | 2,556 | 134 | 74 |
| Increase in collaboration intangible assets | (172) | (351) | (400) |
| Receipts (payments) from settlements of derivative contracts | (32) | 342 | 140 |
| Other investing activities, net | (91) | (265) | (183) |
| Net cash flows provided by (used in) investing activities from continuing operations | 3,343 | (2,676) | (17,259) |
| Financing Activities: | |||
| Issuance of long-term debt | 2,004 | (19) | 13,337 |
| Distribution from discontinued operation | 17,207 | 0 | 0 |
| Repayment of long-term debt | (16,082) | (2,693) | (2,520) |
| (Decrease) increase in short-term borrowings, net | (2,041) | 896 | (370) |
| Proceeds from Common Stock issued under employee stock plans | 15 | 27 | 36 |
| Dividends paid on Common Stock | (2,732) | (2,442) | (2,170) |
| Repurchase of Common Stock | (47) | (151) | (325) |
| Net transfer (to) from discontinued operations | (2,033) | 2,387 | 3,979 |
| Other financing activities, net | (151) | 82 | 242 |
| Net cash flows provided by (used in) financing activities of continuing operations | (3,860) | (1,913) | 12,209 |
| Discontinued Operations: | |||
| Net cash (used in) provided by operating activities | (728) | 3,062 | 3,652 |
| Net cash (used in) provided by investing activities | (241) | (416) | 286 |
| Net cash used in financing activities | (1,414) | (2,651) | (4,244) |
| Net cash flows used in discontinued operations | (2,383) | (5) | (306) |
| Effect of foreign exchange rate changes on cash and cash equivalents from continuing operations | 54 | 1 | (6) |
| Effect of foreign exchange rate changes on cash and cash equivalents from discontinued operations | (76) | (20) | (114) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,412 | 1,208 | (2,806) |
| Cash, cash equivalents and restricted cash, beginning of year | 4,961 | 3,731 | |
| Cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of year | 2,459 | 2,481 | |
| Cash, cash equivalents and restricted cash, end of year | 8,832 | 7,420 | 6,212 |
| Less: Restricted cash, included in Other assets | 30 | 24 | 38 |
| Less: Cash, cash equivalents and restricted cash for discontinued operations | 0 | 2,459 | 2,481 |
| Cash and cash equivalents, end of year | 8,802 | 4,937 | 3,693 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 1,628 | 1,801 | 1,027 |
| Income taxes paid, net of refunds | 1,716 | 1,768 [1] | 1,714 |
| [1] (1) Amounts are inclusive of continuing operations and discontinued operations payments. | |||
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2020 | |
| 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 |