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 Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 7, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Sales: | |||
| Net sales | $ 67,074 | 64,388 | 56,587 |
| Costs and Expenses: | |||
| Research and development | 2,711 | 2,732 | 2,582 |
| Selling, general and administrative | 5,663 | 5,224 | 5,540 |
| Total costs and expenses | 61,780 | 59,853 | 56,178 |
| Goodwill impairment | 0 | 0 | (3,183) |
| Other income, net | 120 | 423 | 885 |
| Operating profit (loss) | 5,414 | 4,958 | (1,889) |
| Non-service pension income | (1,889) | (1,944) | (902) |
| Debt extinguishment costs | 0 | 649 | 0 |
| Interest expense, net | 1,276 | 1,322 | 1,366 |
| Total non-operating expense (income), net | (613) | 27 | 464 |
| Income (loss) from continuing operations before income taxes | 6,027 | 4,931 | (2,353) |
| Income tax expense | 700 | 786 | 575 |
| Net income (loss) from continuing operations | 5,327 | 4,145 | (2,928) |
| Less: Noncontrolling interest in subsidiaries earnings from continuing operations | 111 | 248 | 181 |
| Net income (loss) from continuing operations attributable to common shareowners | 5,216 | 3,897 | (3,109) |
| Discontinued operations (Note 3) | |||
| Loss from discontinued operations | (30) | (10) | (216) |
| Income tax expense (benefit) from discontinued operations | (11) | 23 | 151 |
| Loss from discontinued operations | (19) | (33) | (367) |
| Less: Noncontrolling interest in subsidiaries earnings from discontinued operations | 0 | 0 | 43 |
| Loss from discontinued operations attributable to common shareowners | (19) | (33) | (410) |
| Net income (loss) attributable to common shareowners | 5,197 | 3,864 | (3,519) |
| Earnings (loss) per share attributable to common shareowners - basic | |||
| Income (loss) from continuing operations attributable to common shareowners | 3.54 | 2.60 | (2.29) |
| Loss from discontinued operations | (0.02) | (0.03) | (0.30) |
| Net income (loss) attributable to common shareowners | 3.52 | 2.57 | (2.59) |
| Earnings (loss) per share attributable to common shareowners - diluted | |||
| Income (loss) from continuing operations attributable to common shareowners | 3.51 | 2.58 | (2.29) |
| Loss from discontinued operations | (0.01) | (0.02) | (0.30) |
| Net income (loss) attributable to common shareowners | 3.50 | 2.56 | (2.59) |
| Weighted average number of shares outstanding: | |||
| Basic shares | 1,475,500 | 1,501,600 | 1,357,800 |
| Diluted shares | 1,485,900 | 1,508,500 | 1,357,800 |
| Product and Service | |||
| Products | |||
| Net sales | 50,773 | 49,270 | 43,319 |
| Cost of Sales | 41,927 | 41,095 | 38,137 |
| Services | |||
| Net sales | 16,301 | 15,118 | 13,268 |
| Cost of Sales | 11,479 | 10,802 | 9,919 |
| 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 |