Stock Analysis on Net
Stock Analysis on Net

Raytheon Co. (NYSE:RTN)

This company has been moved to the archive! The financial data has not been updated since February 12, 2020.

Common-Size Balance Sheet: Assets 

Raytheon Co., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 12.42 11.32 10.06 10.99 7.95
Short-term investments 0.00 0.00 0.96 0.33 2.98
Receivables, net 3.95 5.17 4.29 4.05 3.99
Contract assets 17.71 17.56 17.00 16.58 15.01
Inventories 1.94 2.38 1.92 2.19 2.17
Prepaid expenses and other current assets 1.83 1.66 2.47 1.38 1.41
Current assets 37.85% 38.09% 36.70% 35.53% 33.51%
Property, plant and equipment, net 9.70 8.91 7.90 7.21 6.85
Operating lease right-of-use assets 2.53 0.00 0.00 0.00 0.00
Goodwill 43.05 46.65 48.19 49.21 50.31
Marketable securities held in trust 2.18 2.01 2.05 1.83 1.79
Computer software, net of accumulated amortization 0.73 0.82 0.93 0.97 1.00
Other intangible assets, net of accumulated amortization 0.82 1.13 1.56 1.99 2.39
Deferred tax asset 1.54 1.04 1.74 2.51 3.09
Other noncurrent assets, net 1.60 1.35 0.92 0.76 1.05
Other assets, net 6.87% 6.35% 7.21% 8.05% 9.33%
Noncurrent assets 62.15% 61.91% 63.30% 64.47% 66.49%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

The data reflects the distribution and trends of various asset categories as percentages of total assets over five consecutive years.

Cash and Cash Equivalents
This category shows a consistent increasing trend, rising from 7.95% in 2015 to 12.42% in 2019, indicating enhanced liquidity over the observed period.
Short-term Investments
Short-term investments experienced a sharp decline from 2.98% in 2015 to 0.33% in 2016, followed by a slight recovery to 0.96% in 2017. No data is available for subsequent years, suggesting either divestiture or reclassification.
Receivables, Net
Receivables increased from 3.99% in 2015 to a peak of 5.17% in 2018, then decreased to 3.95% in 2019, showing some fluctuation potentially associated with changes in credit policies or sales cycles.
Contract Assets
There is a steady upward trend in contract assets from 15.01% in 2015 to 17.71% in 2019, reflecting a growing proportion of revenue recognized based on contract status.
Inventories
Inventories remained relatively stable with minor fluctuations, starting at 2.17% in 2015, peaking slightly at 2.38% in 2018, and decreasing to 1.94% in 2019, indicating an efficient inventory management over the years.
Prepaid Expenses and Other Current Assets
This item saw an increase between 2016 and 2017, rising from 1.38% to 2.47%, then a decrease and slight recovery to 1.83% by 2019, suggesting variability in prepayments or other current asset components.
Current Assets
Current assets increased overall from 33.51% in 2015 to a peak of 38.09% in 2018, followed by a slight decrease to 37.85% in 2019, mirroring the trends in its subcomponents and indicating a relatively strong short-term asset position.
Property, Plant and Equipment, Net
A continuous increase is observed from 6.85% to 9.7% over the five years, signifying ongoing investment in fixed assets and potential expansion or modernization of operational capacity.
Operating Lease Right-of-Use Assets
Reported only in 2019 at 2.53%, this new asset category reflects the adoption of lease accounting standards that require recognition of leased assets on the balance sheet.
Goodwill
Goodwill demonstrates a consistent decline from 50.31% in 2015 to 43.05% in 2019, indicating possible impairment charges or the amortization of intangible assets related to acquisitions.
Marketable Securities Held in Trust
These securities show a modest but steady increase from 1.79% to 2.18%, reflecting growing investments in securities held for specific purposes.
Computer Software, Net of Accumulated Amortization
There is a gradual decline from 1.00% to 0.73%, suggesting ongoing amortization exceeding new capital expenditures in software assets.
Other Intangible Assets, Net of Accumulated Amortization
This category shows a marked decrease from 2.39% in 2015 to 0.82% in 2019, reflecting amortization and possibly divestitures or write-downs of intangible assets.
Deferred Tax Asset
Deferred tax assets decreased from 3.09% in 2015 to 1.04% in 2018 before rebounding to 1.54% in 2019, indicating fluctuations in tax timing differences and valuation allowances.
Other Noncurrent Assets, Net
There is a general upward trend from 1.05% to 1.6%, which might represent growth or reclassification in less significant asset categories over time.
Other Assets, Net
This category decreased from 9.33% to 6.87%, showing a decline in miscellaneous or residual asset categories, possibly due to disposals or reclassifications.
Noncurrent Assets
Noncurrent assets decreased from 66.49% to a low of 61.91% in 2018 before slightly rising to 62.15% in 2019. The overall decline corresponds with the reduced proportion of goodwill and other intangible assets.
Total Assets
Total assets remained constant at 100%, as all data is presented in percentage terms relative to the total asset base.