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)
| 12/31/2019 | 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 | 1,262 | 1,298 | 1,005 | 822 | 1,211 | ||||
| Cash and cash equivalents | 1,262 | 1,298 | 1,005 | 822 | 1,211 | ||||
| Inventory, net of allowances, customer advances and progress billings, including: | 4,069 | 3,818 | 387 | 557 | 611 | 447 | 359 | ||
| Inventory | 4,069 | 3,818 | 4,150 | 4,464 | 4,144 | 3,928 | 2,963 | ||
| 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: | 4,069 | 3,818 | 1,649 | 1,855 | 1,616 | 1,269 | 1,570 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 39 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 277 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,527 | 2,615 | 2,721 | 2,581 | 2,492 | 2,497 | 247 | ||
| Intangible assets, net (including goodwill) | 589 | 658 | 765 | 767 | 783 | 833 | 276 | ||
| Intangible assets, net (excluding goodwill) | 589 | 658 | 765 | 767 | 783 | 833 | 276 | ||
| Total noncurrent assets: | 3,432 | 3,273 | 3,486 | 3,348 | 3,275 | 3,330 | 523 | ||
| Other undisclosed assets | 7,517 | 7,173 | 10,205 | 10,155 | 9,817 | 10,006 | 10,851 | ||
| TOTAL ASSETS: | 15,018 | 14,264 | 15,340 | 15,358 | 14,708 | 14,605 | 12,944 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,134 | ||||||||
| Accrued liabilities | 1,888 | ||||||||
| Employee-related liabilities | 246 | ||||||||
| Debt | 50 | ||||||||
| Total current liabilities: | 50 | 2,134 | |||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 273 | ||||||||
| Finance lease, liability | 40 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 233 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 273 | ||||||||
| Other undisclosed liabilities | 9,177 | 9,072 | 9,693 | 9,784 | 9,744 | 10,333 | 6,426 | ||
| Total liabilities: | 9,500 | 9,072 | 9,693 | 9,784 | 9,744 | 10,333 | 8,560 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 5,518 | 5,192 | 5,647 | 5,574 | 4,964 | 4,272 | 4,384 | ||
| Common stock | 29 | 30 | 33 | 34 | 36 | 36 | 35 | ||
| Treasury stock, value | (20) | (129) | (48) | (559) | (340) | ||||
| Additional paid in capital | 1,674 | 1,646 | 1,669 | 1,599 | 1,587 | 1,459 | 1,331 | ||
| Accumulated other comprehensive loss | (1,847) | (1,762) | (1,375) | (1,605) | (1,398) | (1,506) | (1,027) | ||
| Retained earnings | 5,682 | 5,407 | 5,368 | 5,546 | 5,298 | 4,623 | 4,045 | ||
| Total stockholders' equity: | 5,518 | 5,192 | 5,647 | 5,574 | 4,964 | 4,272 | 4,384 | ||
| TOTAL LIABILITIES AND EQUITY: | 15,018 | 14,264 | 15,340 | 15,358 | 14,708 | 14,605 | 12,944 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,630 | 13,972 | 14,198 | 13,788 | 13,423 | 13,878 | 12,104 | |
| Revenue, net | ✕ | ✕ | 14,129 | 13,710 | 13,340 | 13,775 | 11,972 | |
| 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: | 2,224 | 2,378 | 2,392 | 2,477 | 2,275 | 2,463 | 1,973 | |
| Operating expenses | (1,873) | (1,588) | (2,087) | (1,304) | (1,304) | (2,117) | (1,814) | |
| Operating income: | 351 | 790 | 305 | 1,173 | 971 | 346 | 159 | |
| 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 taxes | 649 | 760 | 631 | (123) | 169 | 698 | 688 | |
| Income from continuing operations before income taxes: | 942 | 1,384 | 762 | 876 | 971 | 853 | 674 | |
| Income tax expense | (127) | (162) | (456) | (33) | (273) | (248) | (176) | |
| Income before gain (loss) on sale of properties: | 815 | 1,222 | 306 | 843 | 698 | 605 | 498 | |
| Other undisclosed net income | 1 | |||||||
| Net income: | 815 | 1,222 | 307 | 843 | 698 | 605 | 498 | |
| Other undisclosed net income (loss) attributable to parent | 119 | (1) | (5) | |||||
| Net income available to common stockholders, diluted: | 815 | 1,222 | 307 | 962 | 697 | 600 | 498 | |
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: | 815 | 1,222 | 307 | 843 | 698 | 605 | 498 | |
| Other comprehensive income (loss) | (84) | (66) | 230 | (207) | 108 | (479) | 743 | |
| Comprehensive income: | 731 | 1,156 | 537 | 636 | 806 | 126 | 1,241 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | (64) | 119 | (1) | (5) | |||
| Comprehensive income, net of tax, attributable to parent: | 730 | 1,092 | 537 | 755 | 805 | 121 | 1,241 | |
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.