RTX Corp

Listed Company

RTXCIK 0000101829NYSELarge AcceleratedAircraft Engines & Engine PartsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$88.60B

Net Income

$6.73B

Total Assets

$171.08B

Equity

$65.25B

Shares Out

1.35B

Op. Cash Flow

$10.57B

Business

RTX Corp is an aerospace and defense company that provides advanced systems, integrated solutions, and services for commercial, military, and government customers worldwide. It offers aircraft engines and auxiliary power units, avionics, cabin interiors, environmental and power systems, sensors, radars, missiles, smart weapons, space systems, and aftermarket maintenance, repair and overhaul, fleet management, training, and technical support. Operations are organized into three principal segments: Collins Aerospace, Pratt & Whitney, and Raytheon. RTX sells through direct contracts with aircraft manufacturers, airlines, airports, the U.S. and foreign governments, defense primes and subcontractors, and a global service and distribution network.

Summary from filing dated 2025-02-03

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
Net Sales	88,603	80,738	68,920	—	—
Research and development	2,807	2,934	2,805	2,711	2,732
Selling, general, and administrative	6,095	5,806	5,809	5,573	5,046
Total costs and expenses	79,716	74,068	65,445	61,690	59,675
Other income (expense), net	413	−132	86	—	—
Operating profit (loss)	9,300	6,538	3,561	5,504	5,136
Non-service pension income	−1,182	−1,518	−1,780	−1,889	−1,944
Interest expense, net	1,749	1,862	1,505	—	—
Total non-operating expense (income), net	567	344	−275	−613	27
Income before income taxes	8,733	6,194	3,836	6,117	5,109
Income tax expense	1,664	1,181	456	790	964
Net income	7,069	5,013	3,380	—	—
Less: Noncontrolling interest in subsidiaries earnings	337	239	185	—	—
Net income attributable to common shareowners	6,732	4,774	3,195	5,197	3,864
Basic (in dollars per share)	5.02	3.58	2.24	3.52	2.57
Diluted (in dollars per share)	4.96	3.55	2.23	3.5	2.56
Basic shares (in shares)	1,341	1,332	1,426	1,476	1,502
Diluted shares (in shares)	1,356	1,344	1,435	1,486	1,509

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
Cash and cash equivalents	7,435	5,578	6,587	6,220	7,832
Accounts receivable, net	14,701	10,976	10,838	9,108	9,661
Contract assets, net	17,092	14,570	12,139	11,534	11,361
Inventory, net	13,364	12,768	11,777	10,617	9,178
Other assets, current	7,740	7,241	7,076	4,964	4,018
Total current assets	60,332	51,133	48,417	42,443	42,050
Customer financing assets	2,132	2,246	2,392	—	—
Fixed assets, net	16,868	16,089	15,748	15,170	14,972
Operating lease right-of-use assets	1,887	1,864	1,638	1,829	1,958
Goodwill	53,343	52,789	53,699	53,840	54,436
Intangible assets, net	31,845	33,443	35,399	36,823	38,516
Other assets	4,672	5,297	4,576	6,156	6,624
Total assets	171,079	162,861	161,869	158,864	161,404
Short-term borrowings	204	183	189	625	134
Accounts payable	15,895	12,897	10,698	9,896	8,751
Accrued employee compensation	3,308	2,620	2,491	2,401	2,658
Other accrued liabilities	14,350	14,831	14,917	—	—
Contract liabilities	21,615	18,616	17,183	14,598	13,720
Long-term debt currently due	3,412	2,352	1,283	595	24
Total current liabilities	58,784	51,499	46,761	39,114	35,449
Long-term debt	34,288	38,726	42,355	30,694	31,327
Operating lease liabilities, non-current	1,602	1,632	1,412	1,586	1,657
Future pension and postretirement benefit obligations	2,067	2,104	2,385	4,807	7,855
Other long-term liabilities	7,200	6,942	7,511	8,449	10,417
Total liabilities	103,941	100,903	100,424	84,650	86,705
Commitments and contingencies (Note 17)	—	—	—	—	—
Redeemable noncontrolling interest	36	35	35	36	35
Preferred stock, $1 par value; 250,000 shares authorized; None issued or outstanding	0	0	0	0	0
Common stock, $1 par value; 4,000,000 shares authorized; 1,725,312 and 1,718,756 shares issued	38,126	37,434	37,055	37,939	37,483
Treasury stock, 383,025 and 386,633 common shares at average cost	−26,881	−27,112	−26,977	−15,530	−12,727
Retained earnings	56,718	53,589	52,154	52,269	50,265
Accumulated other comprehensive loss	−2,718	−3,755	−2,419	−2,018	−1,915
Total shareowners equity	65,245	60,156	59,798	72,632	73,068
Noncontrolling interest	1,857	1,767	1,612	1,546	1,596
Total equity	67,102	61,923	61,410	74,178	74,664
Total liabilities, redeemable noncontrolling interest, and equity	171,079	162,861	161,869	158,864	161,404

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	4,378	4,364	4,211	4,108	4,557
Deferred income tax provision (benefit)	789	−47	−402	−1,663	−88
Stock compensation cost	519	437	425	420	442
Net periodic pension and other postretirement income	−1,011	−1,326	−1,555	−1,413	—
Share-based 401(k) matching contributions	600	400	261	—	—
Gain on sale of Cybersecurity, Intelligence and Services (CIS) business, net of transaction costs (Note 2)	0	−415	0	0	—
Accounts receivable	−3,235	−175	−1,805	437	−570
Contract assets	−2,643	−2,414	−753	−234	−1,594
Inventory	−532	−1,474	−1,104	−1,575	163
Other current assets	−1,055	−402	−1,161	−1,027	−566
Accounts payable and accrued liabilities	3,418	1,508	4,016	2,075	917
Contract liabilities	2,773	1,872	2,322	846	1,372
Other operating activities, net	−476	−135	48	−133	−871
Net cash flows provided by operating activities	10,567	7,159	7,883	7,168	—
Capital expenditures	−2,627	−2,625	−2,415	−2,288	−2,134
Payments on customer financing assets	−233	−218	−117	−150	−231
Receipts from customer financing assets	161	202	212	179	389
Dispositions of businesses, net of cash transferred	1,931	1,795	6	94	1,900
Increase in other intangible assets	−492	−611	−751	−487	−308
Receipts (payments) from settlements of derivative contracts, net	118	−142	14	−205	−16
Other investing activities, net	−123	65	12	94	145
Net cash flows used in investing activities	−1,265	−1,534	−3,039	−2,829	—
Proceeds from long-term debt	0	0	12,914	1	4,062
Repayment of long-term debt	−3,429	−2,500	−578	−3	−4,254
Proceeds from bridge loan	0	0	10,000	—	—
Repayment of bridge loan	0	0	−10,000	—	—
Change in commercial paper, net (Note 9)	0	0	−524	518	−160
Dividends paid	−3,574	−3,217	−3,239	−3,128	−2,957
Repurchase of common stock	−50	−444	−12,870	−2,803	−2,327
Other financing activities, net	−433	−456	−230	−415	−447
Net cash flows used in financing activities	−7,486	−6,617	−4,527	−5,859	—
Effect of foreign exchange rate changes on cash and cash equivalents	48	−28	18	−42	−1
Net increase (decrease) in cash, cash equivalents and restricted cash	1,864	−1,020	335	−1,562	−979
Interest paid, net of amounts capitalized	1,858	1,942	1,464	1,263	1,339
Income taxes paid, net of refunds	1,600	1,176	1,527	2,400	1,124

Filings

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