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: 2021 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities: | |||
| Net income (loss) from continuing operations | $ 4,145 | (2,928) | 3,731 |
| Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 4,557 | 4,156 | 2,708 |
| Deferred income tax (benefit) provision | (88) | (99) | 38 |
| Stock compensation cost | 442 | 330 | 268 |
| Net periodic pension and other postretirement income | (1,414) | (413) | (566) |
| Debt extinguishment costs | 649 | 0 | 0 |
| Goodwill impairment charge | 0 | 3,183 | 0 |
| Change in: | |||
| Accounts receivables | (570) | 1,318 | 88 |
| Contract assets | (1,594) | 63 | (679) |
| Inventory | 163 | 412 | (1,267) |
| Other current assets | (566) | (445) | (984) |
| Accounts payable and accrued liabilities | 917 | (1,666) | 1,111 |
| Contract liabilities | 1,372 | 1,129 | 1,234 |
| Global pension contributions | (59) | (1,025) | (55) |
| Other operating activities, net | (812) | 319 | 194 |
| Net cash flows provided by operating activities from continuing operations | 7,142 | 4,334 | 5,821 |
| Investing Activities: | |||
| Capital expenditures | (2,134) | (1,795) | (1,868) |
| Payments on customer financing assets | (231) | (280) | (787) |
| Receipts from customer financing assets | 389 | 368 | 128 |
| Investments in businesses (Note 2) | (1,088) | (419) | (9) |
| Cash acquired in Raytheon Merger | 0 | 3,208 | 0 |
| Dispositions of businesses, net of cash transferred (Note 2) | 1,879 | 2,556 | 134 |
| Increase in collaboration intangible assets | (188) | (172) | (351) |
| (Payments) receipts from settlements of derivative contracts, net | (16) | (32) | 342 |
| Other investing activities, net | 25 | (91) | (265) |
| Net cash flows (used in) provided by investing activities from continuing operations | (1,364) | 3,343 | (2,676) |
| Financing Activities: | |||
| Issuance of long-term debt | 4,062 | 2,004 | (19) |
| Distribution from discontinued operations | 0 | 17,207 | 0 |
| Repayment of long-term debt | (4,254) | (16,082) | (2,693) |
| Debt extinguishment costs | (649) | 0 | 0 |
| (Decrease) increase in short-term borrowings, net | (113) | (2,041) | 896 |
| Proceeds from Common Stock issued under employee stock plans | 7 | 15 | 27 |
| Dividends paid on Common Stock | (2,957) | (2,732) | (2,442) |
| Repurchase of Common Stock | (2,327) | (47) | (151) |
| Net transfer (to) from discontinued operations | (71) | (2,033) | 2,387 |
| Other financing activities, net | (454) | (151) | 82 |
| Net cash flows (used in) financing activities of continuing operations | (6,756) | (3,860) | (1,913) |
| Discontinued Operations: | |||
| Net cash (used in) provided by operating activities | (71) | (728) | 3,062 |
| Net cash used in investing activities | 0 | (241) | (416) |
| Net cash provided by (used in) financing activities | 71 | (1,414) | (2,651) |
| Net cash used in discontinued operations | 0 | (2,383) | (5) |
| Effect of foreign exchange rate changes on cash and cash equivalents from continuing operations | (1) | 54 | 1 |
| Effect of foreign exchange rate changes on cash and cash equivalents from discontinued operations | 0 | (76) | (20) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (979) | 1,412 | 1,208 |
| Cash, cash equivalents and restricted cash, beginning of year | 8,832 | 4,961 | |
| Cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of year | 0 | 2,459 | |
| Cash, cash equivalents and restricted cash, end of year | 7,853 | 8,832 | 7,420 |
| Less: Restricted cash, included in Other assets | 21 | 30 | 24 |
| Less: Cash, cash equivalents and restricted cash for discontinued operations | 0 | 0 | 2,459 |
| Cash and cash equivalents, end of year | 7,832 | 8,802 | 4,937 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 1,339 | 1,628 [1] | 1,801 |
| Income taxes paid, net of refunds | 1,124 | 1,716 | 1,768 |
| [1] (1) Amounts are inclusive of continuing operations and discontinued operations payments. | |||
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2021 | |
| 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 |