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 Operations | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Sales: | |||
| Net sales | $ 64,388 | 56,587 | 45,349 |
| Costs and Expenses: | |||
| Research and development | 2,732 | 2,582 | 2,452 |
| Selling, general and administrative | 5,224 | 5,540 | 3,711 |
| Total Costs and Expenses | 59,853 | 56,178 | 40,761 |
| Goodwill impairment | 0 | (3,183) | 0 |
| Other income, net | 423 | 885 | 326 |
| Operating profit (loss) | 4,958 | (1,889) | 4,914 |
| Non-service pension income | (1,944) | (902) | (829) |
| Debt extinguishment costs | 649 | 0 | 0 |
| Interest expense, net | 1,322 | 1,366 | 1,591 |
| Total non-operating expense, net | 27 | 464 | 762 |
| Income (loss) from continuing operations before income taxes | 4,931 | (2,353) | 4,152 |
| Income tax expense | 786 | 575 | 421 |
| Net income (loss) from continuing operations | 4,145 | (2,928) | 3,731 |
| Less: Noncontrolling interest in subsidiaries earnings from continuing operations | 248 | 181 | 221 |
| Income (loss) from continuing operations attributable to common shareowners | 3,897 | (3,109) | 3,510 |
| Discontinued operations (Note 3): | |||
| Income (loss) from discontinued operations | (10) | (216) | 4,091 |
| Income tax expense from discontinued operations | 23 | 151 | 1,874 |
| Net income (loss) from discontinued operations | (33) | (367) | 2,217 |
| Less: Noncontrolling interest in subsidiaries earnings from discontinued operations | 0 | 43 | 190 |
| Income (loss) from discontinued operations attributable to common shareowners | (33) | (410) | 2,027 |
| Net income (loss) attributable to common shareowners | 3,864 | (3,519) | 5,537 |
| Earnings (loss) per share attributable to common shareowners - basic | |||
| Income (loss) from continuing operations attributable to common shareowners | 2.60 | (2.29) | 4.11 |
| Income (loss) from discontinued operations | (0.03) | (0.30) | 2.37 |
| Net income (loss) attributable to common shareowners | 2.57 | (2.59) | 6.48 |
| Earnings (loss) per share attributable to common shareowners - diluted | |||
| Income (loss) from continuing operations attributable to common shareowners | 2.58 | (2.29) | 4.06 |
| Income (loss) from discontinued operations | (0.02) | (0.30) | 2.35 |
| Net income (loss) attributable to common shareowners | 2.56 | (2.59) | 6.41 |
| Weighted average number of shares outstanding: | |||
| Basic shares | 1,501,600 | 1,357,800 | 854,800 |
| Diluted shares | 1,508,500 | 1,357,800 | 863,900 |
| Product and Service | |||
| Products | |||
| Net sales | 49,270 | 43,319 | 32,998 |
| Cost of Sales | 41,095 | 38,137 | 26,910 |
| Services | |||
| Net sales | 15,118 | 13,268 | 12,351 |
| Cost of Sales | 10,802 | 9,919 | 7,688 |
| 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 |