RTX Corp

10-K & 10-Q Filings

RTX Corporation is an aerospace and defense company with a global presence. Its business includes providing advanced systems and services for commercial, military, and government customers. The company's business strategy focuses on three principal business segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace offers technologically advanced aerospace and defense products and aftermarket services for civil and military aircraft manufacturers, commercial airlines, and regional, business, and general aviation. Pratt & Whitney is a leading supplier of aircraft engines for commercial, military, business jet, and general aviation customers. Raytheon is a leading provider of defensive and offensive threat detection, tracking, and mitigation capabilities for U.S. and foreign government and commercial customers. RTX Corporation's website is [www.rtx.com], and its ticker symbol is RTX. The company's business segments compete in various industries and face significant competition from numerous domestic and foreign companies. The company's success depends on attracting, developing, and retaining a highly skilled workforce, particularly in technical, engineering, and science fields. It also relies on a robust portfolio of intellectual property and a global supply chain for raw materials, commodities, components, and services. Collins Aerospace focuses on providing technologically advanced aerospace and defense products and aftermarket services for civil and military aircraft manufacturers, commercial airlines, and regional, business, and general aviation. Pratt & Whitney is a leading supplier of aircraft engines for commercial, military, business jet, and general aviation customers. Raytheon is a leading provider of defensive and offensive threat detection, tracking, and mitigation capabilities for U.S. and foreign government and commercial customers. Collins Aerospace's business strategy includes designing, manufacturing, and supplying electric power generation, management, and distribution systems, environmental control systems, flight control systems, air data and aircraft sensing systems, engine control systems, engine components, engine nacelle systems, interior and exterior aircraft lighting, aircraft cargo systems, evacuation systems, landing systems, communication, navigation, surveillance systems, fire and ice detection and protection systems, actuation systems, integrated avionics, and propeller systems. Collins also designs, manufactures, and supports complete cabin interiors, including seating, oxygen systems, food and beverage preparation, storage and galley systems, lavatory, and wastewater management systems. Pratt & Whitney's business strategy includes designing, developing, producing, and maintaining families of large engines for wide- and narrow-body and large regional aircraft for commercial customers and for fighter, bomber, tanker, and transport aircraft for military customers. Pratt & Whitney also produces, sells, and services military and commercial auxiliary power units. Raytheon's business strategy includes designing, developing, and providing advanced capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics, and missile defense across land, air, sea, and space. Raytheon provides air-to-air and air-to-ground sensors, command and control and weapons including the Advanced Medium Range Air-to-Air Missile (AMRAAM), StormBreaker smart weapon, Long Range Stand Off Weapon (LRSO), and the Early Warning Radar. Raytheon also provides advanced systems and products that span layered land and integrated air and missile defense, including the proven Patriot air and missile defense system, the Lower Tier Air and Missile Defense Sensor (LTAMDS), the National Advanced Surface-to-Air Missile System (NASAMS), Javelin, Excalibur, Stinger, and High-Energy Lasers. Raytheon delivers integrated space solutions including sensors, mission orchestration, satellite control, and software. Raytheon also focuses on the development and early introduction of next-generation technologies and systems, including hypersonics, counter-hypersonics, next-generation radars, sensor experimentation and electro-optical/infrared (EO/IR) advancements, and aligns products that use shared technologies, including fire control radars, surveillance radars, EO/IR, space-qualified satellite components, and electronics. RTX Corporation's business segments serve as a prime contractor or major subcontractor on numerous programs with the U.S. Department of Defense (DoD), including the U.S. Navy, U.S. Army, Missile Defense Agency (MDA), U.S. Air Force, and U.S. Space Force, as well as programs with U.S federal civil customers, and other international and classified customers.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$17485.00
17931.00
63777.00
66351.00
56098.00
58029.00
61195.00
66501.00
77046.00
56587.00
64388.00
67074.00
68920.00
17214.00
19305.00
12.11%12.15%Cost of Revenue (-)
$48617.00
48605.00
45321.00
47447.00
40431.00
41460.00
43953.00
48056.00
51897.00
53406.00
56831.00
13645.00
15744.00
1.31%15.38%Gross Profit (+)
$-24668.00
-24222.00
17305.00
17653.00
15667.00
15784.00
15884.00
8531.00
12491.00
13668.00
12089.00
3569.00
3561.00
-0.22%Selling, General & Administrative (-)
$6464.00
6452.00
6718.00
6500.00
5886.00
6060.00
6183.00
7066.00
8521.00
5540.00
5224.00
5663.00
5809.00
1398.00
1394.00
-0.89%-0.29%Research & Development (-)
$2058.00
2371.00
2529.00
2635.00
2279.00
2337.00
2387.00
2462.00
3015.00
2582.00
2732.00
2711.00
2805.00
607.00
669.00
2.61%10.21%Non-recurring Operating Expenses (-)
$
3183.00
Operating Expenses (-)
$2058.00
2371.00
9247.00
9135.00
8376.00
8397.00
8570.00
9528.00
11536.00
10420.00
7956.00
8374.00
8614.00
2005.00
1691.00
12.67%-15.66%Costs & Expenses (Total) (-)
$50675.00
50976.00
54568.00
56582.00
48596.00
49857.00
52523.00
57948.00
68080.00
58476.00
59853.00
61780.00
65445.00
15650.00
17435.00
2.15%11.41%Operating Income/Loss (+)
$8099.00
7684.00
9209.00
9769.00
7291.00
8172.00
8672.00
8553.00
8966.00
-1889.00
4958.00
5414.00
3561.00
1652.00
1870.00
-6.62%13.20%Non-operating Income/Expense (+)
$
765.00
888.00
1366.00
1322.00
1276.00
1505.00
315.00
405.00
28.57%Interest Expense (-)
$
1039.00
909.00
1038.00
1611.00
1366.00
1322.00
1276.00
1505.00
315.00
405.00
28.57%Earnings before Tax (+)
$7605.00
6911.00
8312.00
8887.00
6467.00
7133.00
7763.00
8280.00
8243.00
-2353.00
4931.00
6027.00
3836.00
1781.00
1851.00
-5.54%3.93%Tax Expense (-)
$2231.00
1711.00
2238.00
2264.00
2111.00
1697.00
2843.00
2626.00
2295.00
575.00
786.00
700.00
456.00
300.00
108.00
-12.39%-64.00%Income/Loss (Continuing Operations) (+)
$5374.00
5200.00
6074.00
12843.00
8352.00
10501.00
9472.00
10923.00
5948.00
-6037.00
8042.00
10543.00
6575.00
1481.00
1743.00
1.70%17.69%Income/Loss (Discontinued Operations) (+)
$
580.00
35.00
3612.00
-10.00
-1187.00
-33.00
-19.00
Profit/Loss (+)
$5374.00
5490.00
Net Income/Loss (NCI) (-)
$395.00
360.00
Net Income/Loss (+)
$4979.00
5130.00
5721.00
6220.00
7608.00
5055.00
4552.00
5269.00
5537.00
-3519.00
3864.00
5197.00
3195.00
1426.00
1709.00
-3.63%19.85%Net Income/Loss (Common) (+)
$4979.00
5130.00
5721.00
6220.00
7608.00
5055.00
4552.00
5269.00
5537.00
-3519.00
3864.00
5197.00
3195.00
1426.00
1709.00
-3.63%19.85%EPS (Basic)
$5.58
5.73
6.35
6.92
8.72
6.18
5.76
6.58
6.48
-2.59
2.57
3.52
2.24
0.98
1.29
-7.32%31.63%EPS (Diluted)
$5.49
5.66
6.25
6.82
8.61
6.12
5.70
6.50
6.41
-2.59
2.56
3.50
2.23
0.97
1.28
-7.23%31.96%Weighted Avg Shares (Basic)
892.30
895.20
901.00
898.30
872.70
818.20
790.00
800.40
854.80
1357.80
1501.60
1475.50
1426.00
1461.14
1329.51
3.98%-9.01%Weighted Avg Shares (Diluted)
906.80
906.60
915.10
911.60
883.20
826.10
799.10
810.10
863.90
1357.80
1508.50
1485.90
1435.40
3.90%Cash
$
7075.00
7157.00
8985.00
6152.00
7378.00
8802.00
7832.00
6220.00
6587.00
5893.00
5607.00
-4.85%Receivables
$9546.00
11099.00
11458.00
11317.00
10653.00
11481.00
12595.00
14271.00
13524.00
9254.00
9661.00
9108.00
10838.00
10069.00
10280.00
1.06%2.10%Inventory
$7797.00
9537.00
10330.00
9865.00
8135.00
8704.00
9881.00
13569.00
15134.00
19342.00
20539.00
22151.00
23916.00
24056.00
25490.00
9.79%5.96%Other Assets (Current)
$8415.00
8974.00
7654.00
8576.00
843.00
1208.00
1397.00
1511.00
1461.00
5914.00
4018.00
4964.00
7076.00
5486.00
6646.00
-1.43%21.14%Assets (Current)
$25758.00
29610.00
29442.00
29758.00
26706.00
28550.00
32858.00
35503.00
37497.00
43376.00
42050.00
42443.00
48417.00
45504.00
48023.00
5.40%5.54%Property, Plant & Equipment (Net)
$6201.00
8518.00
8866.00
9276.00
8732.00
9158.00
10186.00
12297.00
2599.00
16842.00
16930.00
16999.00
17386.00
15149.00
15638.00
8.97%3.23%Accumulated Depreciation
$
14387.00
15985.00
11.11%Goodwill & Intangibles
$21861.00
42990.00
43689.00
43356.00
42904.00
42743.00
43793.00
74536.00
74109.00
94824.00
92952.00
90663.00
89098.00
90381.00
88604.00
12.42%-1.97%Other Assets
$7632.00
8291.00
8597.00
8899.00
9142.00
9255.00
10083.00
11875.00
25511.00
7111.00
9472.00
8759.00
6968.00
8758.00
6283.00
-0.76%-28.26%Assets (Non-current)
$35694.00
59799.00
61152.00
61531.00
60778.00
61156.00
64062.00
98708.00
102219.00
118777.00
119354.00
116421.00
113452.00
116132.00
112164.00
10.12%-3.42%Assets (Total)
$61452.00
89409.00
90594.00
91289.00
87484.00
89706.00
96920.00
134211.00
139716.00
162153.00
161404.00
158864.00
161869.00
161636.00
160187.00
8.41%-0.90%Accounts Payable
$17857.00
21741.00
22300.00
20973.00
21513.00
19702.00
21895.00
21303.00
22546.00
22046.00
21571.00
23296.00
28106.00
23489.00
12384.00
3.85%-47.28%Debt (Current)
$630.00
503.00
500.00
1922.00
1105.00
2204.00
2496.00
4345.00
5860.00
797.00
158.00
1220.00
1472.00
1769.00
510.00
7.33%-71.17%Other Liabilities (Current)
$
1542.00
5720.00
6180.00
13005.00
13720.00
14598.00
17183.00
14870.00
32125.00
116.04%Liabilities (Current)
$18616.00
23786.00
22800.00
22895.00
22618.00
21906.00
24391.00
31368.00
34586.00
35848.00
35449.00
39114.00
46761.00
40128.00
45019.00
7.98%12.19%Debt (Non-current)
$9501.00
21597.00
19741.00
17872.00
19320.00
21697.00
24989.00
41192.00
39932.00
31026.00
31327.00
30694.00
42355.00
32717.00
42334.00
13.26%29.39%Other Liabilities
$10157.00
16719.00
14723.00
17818.00
16580.00
16638.00
15988.00
20932.00
20872.00
21395.00
19929.00
14842.00
11308.00
14406.00
10697.00
0.90%-25.75%Liabilities (Non-current)
$19658.00
38316.00
34464.00
35690.00
35900.00
38335.00
40977.00
62124.00
60804.00
52421.00
51256.00
45536.00
53663.00
47123.00
53031.00
8.73%12.54%Liabilities (Total)
$38274.00
62102.00
57264.00
58585.00
58518.00
60241.00
65368.00
93492.00
95390.00
88269.00
86705.00
84650.00
100424.00
87251.00
98050.00
8.37%12.38%Treasury Stock
$19410.00
19251.00
20431.00
21922.00
30907.00
34150.00
35596.00
32482.00
32626.00
10407.00
12727.00
15530.00
26977.00
16112.00
27029.00
2.78%67.76%Retained Earnings
$33487.00
36776.00
40539.00
44611.00
49956.00
52873.00
55242.00
57823.00
61594.00
49423.00
50265.00
52269.00
52154.00
52891.00
53052.00
3.76%0.30%AOCI
$206.00
-2880.00
-6661.00
-7619.00
-8334.00
-7525.00
-9333.00
-10149.00
-3734.00
-1915.00
-2018.00
-2419.00
-1989.00
-2635.00
-32.48%Shareholder's Equity
$22820.00
27069.00
33219.00
32564.00
28844.00
29169.00
31421.00
40610.00
44231.00
73852.00
74664.00
74178.00
61410.00
74347.00
62100.00
8.60%-16.47%Liabilities & Equity
$61452.00
89409.00
90594.00
91289.00
87484.00
89706.00
96920.00
134211.00
139716.00
162153.00
161404.00
158864.00
161869.00
161636.00
160187.00
8.41%-0.90%Net Income/Loss
$10353.00
10620.00
11830.00
12843.00
1743.00
Depreciation & Amortization
$1347.00
1524.00
1821.00
1907.00
1863.00
1962.00
2140.00
2433.00
3783.00
4156.00
4557.00
4108.00
4211.00
1034.00
1059.00
9.96%2.42%Increase/Decrease in Working Capital
$418.00
-103.00
199.00
1247.00
847.00
1398.00
337.00
1184.00
-543.00
-1130.00
1090.00
-483.00
-1515.00
2693.00
1690.00
-37.24%Share-based Compensation
$-322.00
-220.00
167.00
-277.00
11.00
-151.00
192.00
251.00
356.00
330.00
442.00
420.00
425.00
100.00
-226.00
-326.00%Adjustments to Reconcile Net Income
$278.00
-122.00
1431.00
713.00
2342.00
976.00
2823.00
815.00
3865.00
4156.00
3056.00
1935.00
-1555.00
-2344.00
-1401.00
40.23%Net Cash (Operating)
$6590.00
6605.00
7505.00
7336.00
6698.00
6412.00
5631.00
6322.00
8883.00
4334.00
7142.00
7168.00
7883.00
-863.00
342.00
1.50%139.63%Capital Expenditure
$843.00
16990.00
279.00
1769.00
2427.00
2586.00
2555.00
16595.00
2525.00
-3378.00
1531.00
2747.00
3160.00
674.00
-653.00
11.64%-196.88%Net Cash (Investing)
$-707.00
-18795.00
-1464.00
-2305.00
-2527.00
-2509.00
-3019.00
-16973.00
-3092.00
3343.00
-1364.00
-2829.00
-3039.00
-579.00
693.00
219.69%Increase/Decrease in Debt
$-1.00
9843.00
-2883.00
-552.00
775.00
3686.00
3079.00
10579.00
-1815.00
-16119.00
-305.00
487.00
11899.00
2566.00
-972.00
-137.88%Increase/Decrease in Equity
$-1949.00
522.00
-822.00
-1313.00
-8859.00
-2241.00
-1422.00
-289.00
-124.00
-32.00
-2320.00
-2803.00
-12870.00
-562.00
-56.00
90.04%Interest Expenses
$642.00
725.00
1047.00
1077.00
1057.00
1157.00
974.00
1027.00
1801.00
1628.00
1339.00
1263.00
1464.00
7.11%Dividends Paid
$1602.00
1752.00
1908.00
2048.00
2184.00
2069.00
2074.00
2170.00
2442.00
2732.00
2957.00
3128.00
3239.00
790.00
769.00
6.04%-2.66%Net Cash (Financing)
$-4005.00
8021.00
-5940.00
-4259.00
-10776.00
-1188.00
-993.00
7965.00
-4564.00
-3860.00
-6756.00
-5859.00
-4527.00
1096.00
-2007.00
-283.12%Cash Taxes Paid
$1432.00
1772.00
2789.00
2024.00
2060.00
4096.00
1326.00
1714.00
1768.00
1716.00
1124.00
2400.00
1527.00
0.54%Effect of Exchange Rate
$-1.00
30.00
-41.00
-156.00
-174.00
-120.00
210.00
-120.00
-19.00
-22.00
-1.00
-42.00
18.00
1.00
-8.00
-900.00%Increase/Decrease in Cash
$1877.00
-1124.00
-217.00
616.00
1412.00
-979.00
-1562.00
335.00
-345.00
-980.00
-13.38%-184.06%Cash (Beginning)
$
5235.00
7120.00
7189.00
9018.00
6212.00
7420.00
8832.00
7853.00
6291.00
6291.00
6626.00
5.33%Cash (Ending)
$
7075.00
7189.00
9018.00
6212.00
7420.00
8862.00
7874.00
6291.00
6626.00
NOPAT
$6573.98
5713.80
6119.02
7544.13
9613.48
3479.37
7190.73
6782.49
7042.93
-511.39
3827.85
3258.10
2143.47
1373.73
1760.89
-8.92%28.18%Gross Margin %
-141.08%
-135.08%
27.13%
26.61%
27.93%
27.20%
25.96%
15.08%
19.40%
20.38%
17.54%
20.73%
18.45%
Operating Margin %
46.32%
42.85%
14.44%
14.72%
13.00%
14.08%
14.17%
12.86%
11.64%
-3.34%
7.70%
8.07%
5.17%
9.60%
9.69%
NOPAT Margin %
37.60%
31.87%
9.59%
11.37%
17.14%
6.00%
11.75%
10.20%
9.14%
-0.90%
5.94%
4.86%
3.11%
7.98%
9.12%
Net Margin %
28.48%
28.61%
8.97%
9.37%
13.56%
8.71%
7.44%
7.92%
7.19%
-6.22%
6.00%
7.75%
4.64%
8.28%
8.85%
Tax Rate %
18.83%
25.64%
33.55%
22.77%
-31.85%
57.42%
17.08%
20.70%
21.45%
72.93%
22.79%
39.82%
39.81%
16.84%
5.83%
ROA
10.70%
6.39%
6.75%
8.26%
10.99%
3.88%
7.42%
5.05%
5.04%
-0.32%
2.37%
2.05%
1.32%
0.85%
1.10%
ROE
28.81%
21.11%
18.42%
23.17%
33.33%
11.93%
22.89%
16.70%
15.92%
-0.69%
5.13%
4.39%
3.49%
1.85%
2.84%
ROIC
23.43%
11.09%
11.64%
14.33%
17.63%
5.98%
11.85%
7.02%
8.09%
-0.44%
3.24%
2.84%
1.93%
1.24%
1.55%
Asset Turnover
0.28
0.20
0.70
0.73
0.64
0.65
0.63
0.50
0.55
0.35
0.40
0.42
0.43
0.11
0.12
Inventory Turnover
6.24
5.10
4.39
4.81
4.97
4.76
4.45
2.48
2.53
2.41
2.38
0.57
0.62
Equity Multiplier
2.69
3.30
2.73
2.80
3.03
3.08
3.08
3.30
3.16
2.20
2.16
2.14
2.64
2.17
2.58
Current Ratio
1.39
1.24
1.29
1.30
1.18
1.30
1.35
1.13
1.08
1.21
1.19
1.09
1.04
1.13
1.07
Quick Ratio
0.52
0.47
0.50
0.49
0.78
0.85
0.88
0.65
0.60
0.50
0.49
0.39
0.37
0.40
0.35
Debt/Equity Ratio
0.44
0.82
0.61
0.61
0.71
0.82
0.87
1.12
1.04
0.43
0.42
0.43
0.71
0.46
0.69
Interest Coverage Ratio
12.62
10.60
8.80
9.07
6.90
7.06
8.90
8.33
4.98
-1.16
3.70
4.29
2.43
Working Capital/Sales
0.05
0.11
0.11
0.15
0.13
0.10
0.13
0.10
0.07
0.29
0.48
R&D/Sales
0.12
0.13
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.05
0.04
0.04
0.04
0.04
0.03
Dividend Payout Ratio %
24.37%
30.66%
31.18%
27.15%
22.72%
59.46%
28.84%
31.99%
34.67%
534.23%
77.25%
96.01%
151.11%
57.51%
43.67%
Total Payout
$4194.00
-7888.00
6660.00
4990.00
11325.00
1781.00
1391.00
-7093.00
6182.00
20511.00
6921.00
6707.00
5674.00
-1214.00
1797.00
2.55%248.02%Payout Ratio %
63.80%
-138.05%
108.84%
66.14%
117.80%
51.19%
19.34%
-104.58%
87.78%
4010.86%
180.81%
205.86%
264.71%
-88.37%
102.05%