RTX FY 2008 Earnings Report — RTX Corporation Revenue & Financial Results | Market Cap Arena

RTX CorporationRTX

FY 2008 Earnings

Reported February 11, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$59.1B	—	$53.9B	—	9.6%
Op. Income	$7.3B	—	$6.4B	—	15.1%
Gross Margin	26.4%	—	26.2%	—	0.3pp
Net Margin	7.9%	—	7.8%	—	0.1pp
EPS (Diluted)	$4.90	—	$4.27	—	14.8%
Free Cash Flow	$4.9B	—	$4.2B	—	18.4%

Revenue Flow

Item	Amount
REVENUE	$59.1B
Cost of Revenue	$43.5B
GROSS PROFIT	$15.6B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.5B
Other Expenses	$0
Operating Expenses	$8.3B
Cost & Expenses	$51.8B
OPERATING INCOME	$7.3B
Interest Income	$0
Interest Expense	$689M
Other Income/Expenses	-$404M
INCOME BEFORE TAX	$6.9B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.2B
EBIT	$7.3B
EBITDA	$8.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$59.1B
Cost of Revenue	$43.5B
GROSS PROFIT	$15.6B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.5B
Other Expenses	$0
Operating Expenses	$8.3B
Cost & Expenses	$51.8B
OPERATING INCOME	$7.3B
Interest Income	$0
Interest Expense	$689M
Other Income/Expenses	-$404M
INCOME BEFORE TAX	$6.9B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$5.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.2B
EBIT	$7.3B
EBITDA	$8.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$4.7B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$211M
Deferred Income Tax	$45M
Other Non-Cash Items	$125M
Change in Working Capital	-$230M
OPERATING CASH FLOW	$6.2B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$337M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$0
Other Investing Activities	-$205M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$2.3B
Common Stock Repurchased	-$3.2B
Common Dividends Paid	-$1.2B
Other Financing Activities	-$322M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$4.9B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.3B
Short-Term Investments	$0
Net Receivables	$9.5B
Inventory	$8.3B
Other Current Assets	$2.3B
TOTAL CURRENT ASSETS	$24.5B
PP&E (Net)	$6.3B
Goodwill	$15.4B
Intangible Assets	$3.4B
Long-Term Investments	$0
Tax Assets	$3.6B
Other Non-Current Assets	$3.6B
TOTAL NON-CURRENT ASSETS	$32.4B
TOTAL ASSETS	$56.8B
Account Payables	$5.6B
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$19.8B
Long-Term Debt	$9.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11.0B
TOTAL NON-CURRENT LIABILITIES	$20.4B
TOTAL LIABILITIES	$40.2B
Common Stock	$11.2B
Additional Paid-In Capital	$0
Retained Earnings	$25.0B
Treasury Stock	-$14.3B
Accum. Other Comp. Income	-$5.9B
Other Equity	-$200M
TOTAL STOCKHOLDERS' EQUITY	$15.8B
Minority Interest	$918M
TOTAL EQUITY	$16.7B
TOTAL LIABILITIES & EQUITY	$56.8B
Total Debt	$11.5B
Net Debt	$7.1B