TEXTRON INC

Listed Company

TXTCIK 0000217346NYSELarge AcceleratedAircraft & PartsDelawareFY ends Jan 2

Period

FY 2025

Revenue

$14.80B

Net Income

$921.00M

Total Assets

$18.13B

Equity

$7.88B

Shares Out

173.89M

Op. Cash Flow

$1.31B

Business

TEXTRON INC is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide products and services worldwide. It manufactures, sells and services business and general aviation aircraft, military and commercial helicopters and tiltrotors, unmanned systems, weapons and components, plastic automotive systems, specialty vehicles, and offers captive financing and aftermarket support services. The company operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation and Finance. Textron distributes products globally through direct sales forces, independent dealers and service centers, OEM customers and government contracts.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	14,799	13,702	13,683	12,869	12,382
Research and development costs	521	491	570	601	—
Selling and administrative expense	1,173	1,156	1,225	1,186	1,221
Interest expense, net	126	97	77	107	142
Special charges	4	78	126	0	25
Non-service components of pension and postretirement income, net	−266	−263	−237	−240	−159
Total costs, expenses and other	13,662	12,759	12,596	11,853	11,509
Income from continuing operations before income taxes	1,137	943	1,087	1,016	873
Income tax expense	214	118	165	154	126
Income from continuing operations	923	825	922	862	747
Loss from discontinued operations	−2	−1	−1	−1	−1
Net income	921	824	921	861	746
Continuing operations (in dollars per share)	5.16	4.38	4.62	4.05	3.33
Discontinued operations (in dollars per share)	−0.01	0	−0.01	0	0
Basic earnings per share (in dollars per share)	5.15	4.38	4.61	4.05	3.33
Continuing operations (in dollars per share)	5.12	4.34	4.57	4.01	3.3
Discontinued operations (in dollars per share)	−0.01	−0.01	−0.01	0	0
Diluted earnings per share (in dollars per share)	5.11	4.33	4.56	4.01	3.3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Inventories	4,278	4,071	3,914	3,550	3,468
Finance receivables, net	574	603	585	563	605
Assets	18,129	16,838	16,856	16,293	15,827
Total liabilities	10,254	9,634	9,869	9,180	9,012
Common stock (175.0 million and 184.0 million shares issued, respectively, and 174.3 million and 183.0 million shares outstanding, respectively)	22	23	24	26	28
Capital surplus	1,995	1,960	1,910	1,880	1,863
Treasury stock	−55	−82	−165	−84	−157
Retained earnings	5,784	5,607	5,862	5,903	5,870
Accumulated other comprehensive income (loss)	129	−304	−644	−612	−789
Total shareholders equity	7,875	7,204	6,987	7,113	6,815
Total liabilities and shareholders equity	18,129	16,838	16,856	16,293	15,827

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	401	382	395	397	390
Deferred income taxes	155	−48	−192	−220	23
Asset impairments and powersports inventory charge	1	41	88	2	—
Gain on business disposition	−4	0	0	—	—
Other, net	134	102	90	94	88
Accounts receivable, net	107	−96	−9	−26	−58
Inventories	−264	−194	−359	−55	45
Other assets	−76	205	267	35	−112
Accounts payable	197	−69	2	235	13
Other liabilities	32	95	276	270	405
Income taxes, net	−45	−26	4	18	11
Pension, net	−232	−225	−202	−165	−82
Captive finance receivables, net	−17	−1	−17	35	131
Other operating activities, net	1	24	2	8	2
Net cash provided by operating activities of continuing operations	1,313	1,015	1,267	1,490	1,599
Net cash used in operating activities of discontinued operations	−1	−1	−1	−2	−1
Net cash provided by operating activities	1,312	1,014	1,266	1,488	1,598
Capital expenditures	−383	−364	−402	−354	−375
Net proceeds from corporate-owned life insurance policies	80	85	40	23	−2
Net proceeds from business disposition	16	0	0	0	38
Proceeds from sale of property, plant and equipment	9	4	18	22	3
Net cash used in business acquisitions	−1	−13	−1	−202	0
Finance receivables repaid	42	25	26	20	19
Finance receivables originated	−58	−21	0	0	—
Proceeds from the disposition of non-captive assets	72	0	0	—	—
Other investing activities, net	16	0	2	44	36
Net cash provided by (used in) investing activities	−207	−284	−317	−447	−281
Net proceeds from long-term debt	991	0	348	0	0
Principal payments on long-term debt and nonrecourse debt	−720	−377	−44	−234	−621
Purchases of Textron common stock	−822	−1,122	−1,168	−867	−921
Proceeds from exercise of stock options	40	88	73	44	116
Dividends paid	−18	−12	−16	−17	−18
Other financing activities, net	−14	−31	−6	−3	−1
Net cash used in financing activities	−543	−1,454	−813	−1,091	−1,446
Effect of exchange rate changes on cash and equivalents	22	−16	10	−32	−8
Net increase (decrease) in cash and equivalents	584	−740	146	−82	−137

Filings

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