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: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 7, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities: | |||
| Net income (loss) from continuing operations | $ 5,327 | 4,145 | (2,928) |
| Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 4,108 | 4,557 | 4,156 |
| Deferred income tax benefit | (1,663) | (88) | (99) |
| Stock compensation cost | 420 | 442 | 330 |
| Net periodic pension and other postretirement income | (1,413) | (1,414) | (413) |
| Debt extinguishment costs | 0 | 649 | 0 |
| Goodwill impairment charge | 0 | 0 | 3,183 |
| Change in: | |||
| Accounts receivables | 437 | (570) | 1,318 |
| Contract assets | (234) | (1,594) | 63 |
| Inventory | (1,575) | 163 | 412 |
| Other current assets | (1,027) | (566) | (445) |
| Accounts payable and accrued liabilities | 2,075 | 917 | (1,666) |
| Contract liabilities | 846 | 1,372 | 1,129 |
| Global pension contributions | (94) | (59) | (1,025) |
| Other operating activities, net | (39) | (812) | 319 |
| Net cash flows provided by operating activities from continuing operations | 7,168 | 7,142 | 4,334 |
| Investing Activities: | |||
| Capital expenditures | (2,288) | (2,134) | (1,795) |
| Payments on customer financing assets | (150) | (231) | (280) |
| Receipts from customer financing assets | 179 | 389 | 368 |
| Investments in businesses (Note 2) | (66) | (1,088) | (419) |
| Cash acquired in Raytheon merger | 0 | 0 | 3,208 |
| Dispositions of businesses, net of cash transferred (Note 2) | 94 | 1,879 | 2,556 |
| Increase in other intangible assets | (487) | (308) | (312) |
| Payments from settlements of derivative contracts, net | (205) | (16) | (32) |
| Other investing activities, net | 94 | 145 | 49 |
| Net cash flows (used in) provided by investing activities from continuing operations | (2,829) | (1,364) | 3,343 |
| Financing Activities: | |||
| Issuance of long-term debt | 1 | 4,062 | 2,004 |
| Distribution from discontinued operations | 0 | 0 | 17,207 |
| Repayment of long-term debt | (3) | (4,254) | (16,082) |
| Debt extinguishment costs | 0 | (649) | 0 |
| Change in commercial paper, net (Note 10) | 518 | (160) | 160 |
| Change in other short-term borrowings, net | (29) | 47 | (2,201) |
| Dividends paid on Common Stock | (3,128) | (2,957) | (2,732) |
| Repurchase of Common Stock | (2,803) | (2,327) | (47) |
| Net transfers to discontinued operations | 0 | (71) | (2,033) |
| Other financing activities, net | (415) | (447) | (136) |
| Net cash flows used in financing activities from continuing operations | (5,859) | (6,756) | (3,860) |
| Discontinued Operations: | |||
| Net cash used in operating activities | 0 | (71) | (728) |
| Net cash used in investing activities | 0 | 0 | (241) |
| Net cash provided by (used in) financing activities | 0 | 71 | (1,414) |
| Net cash used in discontinued operations | 0 | 0 | (2,383) |
| Effect of foreign exchange rate changes on cash and cash equivalents from continuing operations | (42) | (1) | 54 |
| Effect of foreign exchange rate changes on cash and cash equivalents from discontinued operations | 0 | 0 | (76) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (1,562) | (979) | 1,412 |
| Cash, cash equivalents and restricted cash, beginning of year | 7,853 | 8,832 | |
| Cash, cash equivalents and restricted cash within assets related to discontinued operations, beginning of year | 0 | 0 | |
| Cash, cash equivalents and restricted cash, end of year | 6,291 | 7,853 | 8,832 |
| Less: Restricted cash, included in Other assets | 71 | 21 | 30 |
| Cash and cash equivalents, end of year | 6,220 | 7,832 | 8,802 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Interest paid, net of amounts capitalized | 1,263 | 1,339 | 1,628 |
| Income taxes paid, net of refunds | 2,400 | 1,124 | 1,716 [1] |
| [1] (1) Amounts are inclusive of continuing operations and discontinued operations payments. | |||
| External Links | |
| RAYTHEON TECHNOLOGIES CORP (RTX) Fiscal Year 2022 | |
| 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 |