Textron Inc. (TXT) financial statements (2021 and earlier)

Company profile

Business Address 40 WESTMINSTER ST
PROVIDENCE, RI 02903
State of Incorp. DE
Fiscal Year End December 31
SIC 372 - Aircraft And Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   1,2621,2981,005822
Cash and cash equivalents   1,2621,2981,005822
Inventory, net of allowances, customer advances and progress billings, including:3,5134,0693,818387557611447
Inventory3,5134,0693,8184,1504,4644,1443,928
Progress payments netted against inventory for long-term contracts or programs      (883)
Other undisclosed inventory, net of allowances, customer advances and progress billings   (3,763)(3,907)(3,533)(2,598)
Total current assets:3,5134,0693,8181,6491,8551,6161,269
Noncurrent Assets
Finance lease, right-of-use asset3539
Operating lease, right-of-use asset349277
Property, plant and equipment2,5162,5272,6152,7212,5812,4922,497
Intangible assets, net (including goodwill)489589658765767783833
Intangible assets, net (excluding goodwill)489589658765767783833
Total noncurrent assets:3,3893,4323,2733,4863,3483,2753,330
Other undisclosed assets8,5417,5177,17310,20510,1559,81710,006
TOTAL ASSETS:15,44315,01814,26415,34015,35814,70814,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt250     
Total current liabilities:250     
Noncurrent Liabilities
Long-term debt and lease obligation344273     
Finance lease, liability3840
Operating lease, liability306233
Total noncurrent liabilities:650273     
Other undisclosed liabilities8,9469,1779,0729,6939,7849,74410,333
Total liabilities:9,5989,5009,0729,6939,7849,74410,333
Stockholders' equity
Stockholders' equity attributable to parent5,8455,5185,1925,6475,5744,9644,272
Common stock29293033343636
Treasury stock, value(203)(20)(129)(48) (559)(340)
Additional paid in capital1,7851,6741,6461,6691,5991,5871,459
Accumulated other comprehensive loss(1,739)(1,847)(1,762)(1,375)(1,605)(1,398)(1,506)
Retained earnings5,9735,6825,4075,3685,5465,2984,623
Total stockholders' equity:5,8455,5185,1925,6475,5744,9644,272
TOTAL LIABILITIES AND EQUITY:15,44315,01814,26415,34015,35814,70814,605

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,65113,63013,97214,19813,78813,42313,878
Revenue, net14,12913,71013,34013,775
Cost of revenue(10,094)(11,406)(11,594)(11,806)(11,311)(11,148)(11,415)
Cost of goods and services sold(10,094)(11,406)(11,594)(11,795)(11,311)(10,979)(11,421)
Gross profit:1,5572,2242,3782,3922,4772,2752,463
Operating expenses(11,972)(1,873)(1,588)(2,087)(1,304)(1,304)(2,117)
Operating income (loss):(10,415)3517903051,173971346
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
 113     
Interest and debt expense(166)(171)(166)(174)(174)(169)(191)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10,863649760631(123)169698
Income from continuing operations before income taxes:2829421,384762876971853
Income tax expense (benefit)27(127)(162)(456)(33)(273)(248)
Income before gain (loss) on sale of properties:3098151,222306843698605
Other undisclosed net income   1   
Net income:3098151,222307843698605
Other undisclosed net income (loss) attributable to parent    119(1)(5)
Net income available to common stockholders, diluted:3098151,222307962697600

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3098151,222307843698605
Other comprehensive income (loss)37(84)(66)230(207)108(479)
Comprehensive income:3467311,156537636806126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent71(1)(64) 119(1)(5)
Comprehensive income, net of tax, attributable to parent:4177301,092537755805121

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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