RTX FY 2007 Earnings Report — RTX Corporation Revenue & Financial Results | Market Cap Arena

RTX CorporationRTX

FY 2007 Earnings

Reported February 7, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$53.9B	—	$47.1B	—	14.4%
Op. Income	$6.4B	—	$5.6B	—	14.0%
Gross Margin	26.2%	—	26.6%	—	-0.4pp
Net Margin	7.8%	—	7.9%	—	-0.1pp
EPS (Diluted)	$4.27	—	$3.71	—	15.1%
Free Cash Flow	$4.2B	—	$3.8B	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$53.9B
Cost of Revenue	$39.8B
GROSS PROFIT	$14.1B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.1B
Other Expenses	$0
Operating Expenses	$7.7B
Cost & Expenses	$47.5B
OPERATING INCOME	$6.4B
Interest Income	$0
Interest Expense	$666M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$6.4B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$4.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$1.1B
EBIT	$6.4B
EBITDA	$7.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$53.9B
Cost of Revenue	$39.8B
GROSS PROFIT	$14.1B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.1B
Other Expenses	$0
Operating Expenses	$7.7B
Cost & Expenses	$47.5B
OPERATING INCOME	$6.4B
Interest Income	$0
Interest Expense	$666M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$6.4B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$4.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$1.1B
EBIT	$6.4B
EBITDA	$7.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$4.2B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$198M
Deferred Income Tax	$58M
Other Non-Cash Items	-$355M
Change in Working Capital	$32M
OPERATING CASH FLOW	$5.3B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$1.7B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$290M
NET CASH FROM INVESTING	-$3.2B
Net Debt Issuance	$893M
Common Stock Repurchased	-$2.0B
Common Dividends Paid	-$1.1B
Other Financing Activities	-$182M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$4.2B
Net Change in Cash	$358M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.9B
Short-Term Investments	$0
Net Receivables	$8.8B
Inventory	$8.1B
Other Current Assets	$2.2B
TOTAL CURRENT ASSETS	$22.1B
PP&E (Net)	$6.3B
Goodwill	$16.1B
Intangible Assets	$3.8B
Long-Term Investments	$0
Tax Assets	$1.1B
Other Non-Current Assets	$5.2B
TOTAL NON-CURRENT ASSETS	$32.5B
TOTAL ASSETS	$54.6B
Account Payables	$5.1B
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$17.5B
Long-Term Debt	$8.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.8B
TOTAL NON-CURRENT LIABILITIES	$14.8B
TOTAL LIABILITIES	$32.3B
Common Stock	$10.6B
Additional Paid-In Capital	$0
Retained Earnings	$21.8B
Treasury Stock	-$11.3B
Accum. Other Comp. Income	$584M
Other Equity	-$214M
TOTAL STOCKHOLDERS' EQUITY	$21.4B
Minority Interest	$912M
TOTAL EQUITY	$22.3B
TOTAL LIABILITIES & EQUITY	$54.6B
Total Debt	$9.1B
Net Debt	$6.2B