Raytheon Company (RTN) financial statements (2022 and earlier)

Company profile

Business Address 870 WINTER STREET
WALTHAM, MA 02451-1449
State of Incorp. DE
Fiscal Year End December 31
SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments 3,6083,4003,4033,2004,719
Cash and cash equivalents 3,6083,1033,3032,3283,222
Short-term investments  2971008721,497
Receivables 1,6481,3246,1945,5594,981
Inventory, net of allowances, customer advances and progress billings 758594659635414
Inventory 758594659635414
Contract with customer, asset 5,594
Disposal group, including discontinued operation     1
Other current assets 528761   
Other undisclosed current assets  5,247422418177
Total current assets: 12,13611,32610,6789,81210,292
Noncurrent Assets
Property, plant and equipment 2,8402,4392,1662,0051,935
Intangible assets, net (including goodwill) 14,10414,21914,78814,73113,071
Goodwill 14,86414,87114,78814,73113,061
Intangible assets, net (excluding goodwill) (760)(652)  10
Contract with customer, asset, net 13
Deferred costs  37  223
Other noncurrent assets 2,0242,2242,4202,7332,612
Costs in excess of billings   190
Deferred tax assets, net329532  1,222
Other undisclosed noncurrent assets 41883  (1,645)
Total noncurrent assets: 19,72819,53419,37419,46917,608
TOTAL ASSETS: 31,86430,86030,05229,28127,900
Current Liabilities
Accounts payable and accrued liabilities 3,4732,8614,1883,9333,646
Accounts payable 1,9641,5191,5201,4021,250
Accrued liabilities   1,4341,3771,337
Employee-related liabilities 1,5091,3421,2341,1541,059
Debt 300300   
Disposal group, including discontinued operation     15
Billings in excess of cost2,927   
Deferred tax liabilities    165
Customer advances and deposits 2,2392,1932,284
Contract with customer, liability3,309
Other liabilities 1,2061,260   
Other undisclosed current liabilities     (180)
Total current liabilities: 8,2887,3486,4276,1265,930
Noncurrent Liabilities
Long-term debt and lease obligation 4,7554,7505,3355,3305,330
Long-term debt, excluding current maturities 4,7554,7505,3355,3305,330
Liabilities, other than long-term debt 6,9388,2877,7757,1406,919
Liability, pension and other postretirement and postemployment benefits 6,9388,2877,7757,1406,919
Other undisclosed noncurrent liabilities 130203134  
Total noncurrent liabilities: 11,82313,24013,24412,47012,249
Total liabilities: 20,11120,58819,67118,59618,179
Temporary equity, carrying amount 281309315355 
Stockholders' equity
Stockholders' equity attributable to parent 11,4729,96310,06610,1289,525
Common stock 33333
Additional paid in capital    3981,309
Accumulated other comprehensive loss (8,618)(7,935)(7,411)(7,176)(7,458)
Retained earnings 20,08717,89517,47416,90315,671
Stockholders' equity attributable to noncontrolling interest    202196
Total stockholders' equity: 11,4729,96310,06610,3309,721
TOTAL LIABILITIES AND EQUITY: 31,86430,86030,05229,28127,900

Income statement (P&L) ($ in millions)

Revenues 27,05825,34824,06923,24722,826
Revenue, net25,34824,06923,24722,826
Cost of revenue (18,164)(19,076)(17,947)(17,574)(17,295)
Cost of goods and services sold  (19,076)(17,947)(17,574)(17,295)
Gross profit: 8,8946,2726,1225,6735,531
Operating expenses (4,356)(2,954)(2,882)(2,660)(3,291)
Other undisclosed operating income     939
Operating income: 4,5383,3183,2403,0133,179
Nonoperating expense (1,391)(205)(210)(226)(196)
Net periodic defined benefits expense (reversal of expense), excluding service cost component (1,230)
Interest and debt expense (184)(39)(232)(233)(213)
Income from continuing operations before equity method investments, income taxes: 2,9633,0742,7982,5542,770
Other undisclosed income from continuing operations before income taxes 18439232233213
Income from continuing operations before income taxes: 3,1473,1133,0302,7872,983
Income tax expense (264)(1,114)(857)(733)(790)
Income from continuing operations: 2,8831,9992,1732,0542,193
Income (loss) from discontinued operations (1)211365
Net income: 2,8822,0012,1742,0672,258
Net income (loss) attributable to noncontrolling interest 2723377(14)
Net income available to common stockholders, diluted: 2,9092,0242,2112,0742,244

Comprehensive Income ($ in millions)

Net income: 2,8822,0012,1742,0672,258
Other comprehensive income (loss) 768(524)(235)282(2,345)
Other undisclosed comprehensive loss (1,451)    
Comprehensive income (loss): 2,1991,4771,9392,349(87)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 2723377(14)
Comprehensive income (loss), net of tax, attributable to parent: 2,2261,5001,9762,356(101)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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