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.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Raytheon Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Products 24,435 22,633 21,416 20,166 19,443
Services 4,741 4,425 3,932 3,903 3,804
Net sales 29,176 27,058 25,348 24,069 23,247
Cost of sales, products (17,747) (16,108) (15,872) (14,767) (14,447)
Cost of sales, services (3,666) (3,465) (3,204) (3,180) (3,127)
Cost of sales, products and services (21,413) (19,573) (19,076) (17,947) (17,574)
Gross margin 7,763 7,485 6,272 6,122 5,673
General and administrative expenses (2,989) (2,947) (2,954) (2,882) (2,660)
Operating income 4,774 4,538 3,318 3,240 3,013
Retirement benefits non-service expense (688) (1,230)
Interest expense (180) (184) (205) (232) (233)
Interest income 42 31 21 16 11
Other income (expense), net 38 (8) (21) 6 (4)
Non-operating income (expense), net (788) (1,391) (205) (210) (226)
Income from continuing operations before taxes 3,986 3,147 3,113 3,030 2,787
Federal and foreign income taxes (658) (264) (1,114) (857) (733)
Income from continuing operations 3,328 2,883 1,999 2,173 2,054
Income (loss) from discontinued operations, net of tax 1 (1) 2 1 13
Net income 3,329 2,882 2,001 2,174 2,067
Net loss attributable to noncontrolling interests in subsidiaries 14 27 23 37 7
Net income attributable to Raytheon Company 3,343 2,909 2,024 2,211 2,074

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).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Raytheon Co. net sales increased from 2017 to 2018 and from 2018 to 2019.
Operating income The net result for the period of deducting operating expenses from operating revenues. Raytheon Co. operating income increased from 2017 to 2018 and from 2018 to 2019.
Income from continuing operations before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Raytheon Co. income from continuing operations before taxes increased from 2017 to 2018 and from 2018 to 2019.
Net income attributable to Raytheon Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Raytheon Co. net income attributable to Raytheon Company increased from 2017 to 2018 and from 2018 to 2019.