Stock Analysis on Net
AI Tokens
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
Quarterly Data

Raytheon Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Cash and cash equivalents 12.42 8.06 6.55 6.63 11.32 6.88 10.07 9.01 10.06 7.63 7.17 7.32 10.99 7.95 6.93 6.71 7.95 8.39 6.43 10.45
Short-term investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.96 0.00 1.36 1.34 0.33 1.57 2.42 2.47 2.98 2.08 2.34 4.44
Receivables, net 3.95 4.49 4.84 4.51 5.17 5.07 4.28 5.37 4.29 4.60 5.16 4.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Contract assets 17.71 19.80 18.47 18.91 17.56 18.97 18.36 17.85 17.00 19.46 18.95 18.60 20.64 21.96 21.48 20.40 19.00 19.31 19.39 18.79
Inventories 1.94 2.44 2.81 2.79 2.38 2.67 2.36 2.10 1.92 2.29 1.92 2.01 2.19 2.21 2.31 2.21 2.17 2.12 1.83 1.82
Prepaid expenses and other current assets 1.83 1.86 2.06 1.86 1.66 1.71 1.75 1.60 2.47 1.62 1.62 1.53 1.38 0.78 0.73 0.68 1.41 0.68 0.62 1.34
Current assets 37.85% 36.65% 34.73% 34.70% 38.09% 35.29% 36.81% 35.94% 36.70% 35.60% 36.18% 35.20% 35.53% 34.48% 33.85% 32.46% 33.51% 32.58% 30.61% 36.84%
Property, plant and equipment, net 9.70 9.46 8.99 9.18 8.91 8.76 8.31 8.13 7.90 7.42 7.19 7.18 7.21 6.97 6.97 7.00 6.85 6.61 6.78 6.86
Operating lease right-of-use assets 2.53 2.61 2.68 2.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill 43.05 45.35 47.86 47.13 46.65 49.33 48.36 48.76 48.19 49.14 49.05 49.63 49.21 50.22 50.83 51.31 50.31 50.19 51.63 46.98
Other assets, net 6.87 5.94 5.75 6.41 6.35 6.62 6.52 7.17 7.21 7.84 7.59 7.98 8.05 8.33 8.35 9.23 9.33 10.62 10.98 9.32
Noncurrent assets 62.15% 63.35% 65.27% 65.30% 61.91% 64.71% 63.19% 64.06% 63.30% 64.40% 63.82% 64.80% 64.47% 65.52% 66.15% 67.54% 66.49% 67.42% 69.39% 63.16%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), 10-Q (reporting date: 2015-03-29).

The asset composition of the balance sheet reflects a heavily weighted allocation toward noncurrent assets, specifically intangible assets, while maintaining a stable proportion of current assets throughout the analyzed period. A general shift is observed in the long-term asset structure, characterized by a gradual reduction in goodwill and a steady increase in tangible fixed assets.

Liquidity and Current Asset Composition
Current assets remained relatively stable, fluctuating between 30.61% and 38.09% of total assets. Cash and cash equivalents exhibited significant volatility, ranging from a low of 6.43% in June 2015 to a peak of 12.42% in December 2019. Concurrently, short-term investments saw a precipitous decline from 4.44% in early 2015 to negligible levels by late 2016, suggesting a strategic shift toward holding more liquid cash rather than short-term marketable securities.
Operational Asset Trends
Contract assets constitute a primary component of the asset base, consistently representing between 17% and 22% of total assets. This stability indicates a consistent level of unbilled revenue relative to the total balance sheet size. Property, plant, and equipment (net) demonstrated a consistent upward trajectory, increasing from 6.86% in March 2015 to 9.70% by December 2019, reflecting sustained investment in tangible operating capacity.
Intangible and Noncurrent Asset Analysis
Goodwill represents the single largest asset category, though it experienced a general downward trend in the latter half of the period, moving from a peak of 51.63% in June 2015 to 43.05% by December 2019. This decrease suggests either the amortization of intangible assets, impairment charges, or the growth of other asset categories outpacing the growth of goodwill. Other noncurrent assets also declined from 9.32% to 6.87% over the period.
Structural Accounting Adjustments
A notable change in the balance sheet structure occurred in the first quarter of 2019 with the introduction of operating lease right-of-use assets, which immediately accounted for approximately 2.58% of total assets. This introduction coincided with a slight decrease in the overall weighting of noncurrent assets, which trended from a peak of 69.39% in June 2015 down to 62.15% by December 2019.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?