Stock Analysis on Net

Raytheon Co. (NYSE:RTN)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Raytheon Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Commercial paper and current portion of long-term debt
Contract liabilities
Accounts payable
Accrued employee compensation
Other current liabilities
Current liabilities
Accrued retiree benefits and other long-term liabilities
Long-term debt, excluding current portion
Operating lease liabilities, noncurrent
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Common stock, par value, $0.01 per share
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Total Raytheon Company stockholders’ equity
Noncontrolling interests in subsidiaries
Total equity
Total liabilities, redeemable noncontrolling interests and equity

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).


Current liabilities
The proportion of current liabilities relative to total liabilities, redeemable noncontrolling interests, and equity showed a generally increasing trend over the observed periods. Starting around 20.27% in early 2015, it peaked at 28.33% by the end of 2019, indicating an increasing reliance on short-term obligations. Notably, the rise accelerated in the latter part of 2018 and into 2019.
Commercial paper and current portion of long-term debt
This item was not present or negligible until early 2017. From then, it appeared consistently and increased sharply in the final quarter of 2019, rising to 4.34%. This suggests a growing short-term debt burden in recent quarters.
Contract liabilities
Contract liabilities as a percentage of the total remained relatively stable, oscillating around 7% to 10%. There was a gradual increase from approximately 7% in early 2015 to a peak near 10.38% by late 2018, followed by a mild decrease through 2019, showing some volatility but overall consistency relative to total liabilities and equity.
Accounts payable
Accounts payable remained relatively stable throughout the period, generally fluctuating between 4% and 5%, with a notable increase to 6.16% in late 2018. This spike was temporary, with the ratio settling back near 5.2% at the end of 2019, indicating modest variations in supplier obligations.
Accrued employee compensation
This liability showed a rising trend, starting just above 3% in early 2015 and increasing to approximately 5.25% by the end of 2019. The growth was gradual but consistent, reflecting increasing accrued compensation obligations.
Other current liabilities
Other current liabilities displayed some fluctuations but stayed largely within the range of approximately 3.7% to 5.9%. A decline was noted around 2017 and 2018, trending downwards to near 4.1% by the end of 2019, indicating a modest reduction relative to total.
Long-term debt, excluding current portion
There was a clear downward trend in long-term debt share of total obligations from about 19.18% in early 2015 to 9.43% by the end of 2019. This consistent decrease suggests debt reduction or refinancing strategies aimed at lowering long-term debt exposure over the observed years.
Accrued retiree benefits and other long-term liabilities
This component maintained a relatively stable proportion, around 20% to 27%, with some decline visible from late 2017 through 2019. The drop from near 27% to approximately 20% indicates either settlement of benefits or reclassification effects.
Total liabilities
Total liabilities as a percentage of the whole fluctuated moderately, moving from approximately 64.36% in early 2015 to a low near 59.14% in late 2019, followed by an uptick to 64.55% at the end of 2019. This reflects varying degrees of leverage and potentially changes in capital structure.
Redeemable noncontrolling interests
This interest remained minor and somewhat stable, mostly around 1% with small fluctuations, except for a notable drop to 0.09% in the final quarter of 2019, indicating decreased ownership interests redeemable by minority stakeholders.
Stockholders’ equity
Total equity proportions fluctuated between about 32% and 39%, showing an overall stable but somewhat variable equity base relative to total financing. The equity peaked around 39.56% in late 2019 but fell back to 35.36% by year-end 2019, reflecting changes in retained earnings and other equity components.
Accumulated other comprehensive loss
This loss showed persistent negative values around -25% to -29%, with slight improvements and deteriorations over time. The negative balance indicates ongoing unrealized losses or deductions impacting shareholders’ equity.
Retained earnings
Retained earnings consistently increased from approximately 57.62% to a peak of around 65.44% in late 2018, before slightly declining and stabilizing near 62% by the end of 2019. This rising trend highlights accumulated profits retained for reinvestment or debt reduction.