Raytheon Co. (NYSE:RTN)

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.