Raytheon Co. (RTN)

Raytheon Co., FCFE calculation

US$ in millions

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Net income attributable to Raytheon Company
	Net (income) loss attributable to noncontrolling interests in subsidiaries
	Net noncash charges
	Changes in assets and liabilities
	Net cash provided by operating activities
	Additions to property, plant and equipment
	Proceeds from sales of property, plant and equipment
	Additions to capitalized internal use software
	Net borrowings (payments) on commercial paper
	Issuance of long-term debt, net of offering costs
	Repayments of long-term debt
	Loss on repayment of long-term debt
	Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-15), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).

Raytheon Co., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding
Selected Financial Data (USD $)
Free cash flow to equity (FCFE) (in millions)
FCFE per share
Current share price (P)
Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Boeing Co.
General Dynamics Corp.
Lockheed Martin Corp.
Northrop Grumman Corp.
United Technologies Corp.
P/FCFE, Sector
Aerospace & Defense
P/FCFE, Industry
Industrials

Based on: 10-K (filing date: 2019-02-13).

If company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.

Otherwise, if company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Raytheon Co., historical P/FCFE calculation, comparison to benchmarks

		Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	No. shares of common stock outstanding1
	Selected Financial Data (USD $)
	Free cash flow to equity (FCFE) (in millions)2
	FCFE per share3
	Share price1, 4
	Ratio
	P/FCFE5
	Benchmarks
	P/FCFE, Competitors6
	Boeing Co.
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	United Technologies Corp.
	P/FCFE, Sector
	Aerospace & Defense
	P/FCFE, Industry
	Industrials

Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-15), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-11).