Textron Inc. (TXT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  1,2621,2981,0058221,211
Cash and cash equivalents  1,2621,2981,0058221,211
Inventory, net of allowances, customer advances and progress billings, including:4,0693,818387557611447359
Inventory4,0693,8184,1504,4644,1443,9282,963
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)(2,604)
Total current assets:4,0693,8181,6491,8551,6161,2691,570
Noncurrent Assets
Finance lease, right-of-use asset39
Operating lease, right-of-use asset277
Property, plant and equipment2,5272,6152,7212,5812,4922,497247
Intangible assets, net (including goodwill)589658765767783833276
Intangible assets, net (excluding goodwill)589658765767783833276
Total noncurrent assets:3,4323,2733,4863,3483,2753,330523
Other undisclosed assets7,5177,17310,20510,1559,81710,00610,851
TOTAL ASSETS:15,01814,26415,34015,35814,70814,60512,944
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      2,134
Accrued liabilities      1,888
Employee-related liabilities      246
Debt50      
Total current liabilities:50     2,134
Noncurrent Liabilities
Long-term debt and lease obligation273      
Finance lease, liability40
Operating lease, liability233
Total noncurrent liabilities:273      
Other undisclosed liabilities9,1779,0729,6939,7849,74410,3336,426
Total liabilities:9,5009,0729,6939,7849,74410,3338,560
Stockholders' equity
Stockholders' equity attributable to parent5,5185,1925,6475,5744,9644,2724,384
Common stock29303334363635
Treasury stock, value(20)(129)(48) (559)(340) 
Additional paid in capital1,6741,6461,6691,5991,5871,4591,331
Accumulated other comprehensive loss(1,847)(1,762)(1,375)(1,605)(1,398)(1,506)(1,027)
Retained earnings5,6825,4075,3685,5465,2984,6234,045
Total stockholders' equity:5,5185,1925,6475,5744,9644,2724,384
TOTAL LIABILITIES AND EQUITY:15,01814,26415,34015,35814,70814,60512,944

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,63013,97214,19813,78813,42313,87812,104
Revenue, net14,12913,71013,34013,77511,972
Cost of revenue(11,406)(11,594)(11,806)(11,311)(11,148)(11,415)(10,131)
Cost of goods and services sold(11,406)(11,594)(11,795)(11,311)(10,979)(11,421)(10,131)
Gross profit:2,2242,3782,3922,4772,2752,4631,973
Operating expenses(1,873)(1,588)(2,087)(1,304)(1,304)(2,117)(1,814)
Operating income:3517903051,173971346159
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
113      
Interest and debt expense(171)(166)(174)(174)(169)(191)(173)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes649760631(123)169698688
Income from continuing operations before income taxes:9421,384762876971853674
Income tax expense(127)(162)(456)(33)(273)(248)(176)
Income before gain (loss) on sale of properties:8151,222306843698605498
Other undisclosed net income  1    
Net income:8151,222307843698605498
Other undisclosed net income (loss) attributable to parent   119(1)(5) 
Net income available to common stockholders, diluted:8151,222307962697600498

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:8151,222307843698605498
Other comprehensive income (loss)(84)(66)230(207)108(479)743
Comprehensive income:7311,1565376368061261,241
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(64) 119(1)(5) 
Comprehensive income, net of tax, attributable to parent:7301,0925377558051211,241

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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