Stock Analysis on Net
Stock Analysis on Net
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Raytheon Technologies Corp. (NYSE:RTX)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Raytheon Technologies Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 10,001  6,975  8,001  7,378  7,341  6,819  6,240  6,152  13,799  11,068  7,667  8,985  8,523  9,345  7,156  7,157  7,107  6,785  7,215  7,075  5,477  5,933  5,281 
Accounts receivable, net 10,115  9,496  13,104  13,524  13,607  13,695  13,574  14,271  12,550  11,973  11,699  12,595  13,128  12,597  11,840  11,481  11,500  11,544  10,899  10,653  10,647  11,516  11,512 
Contract assets, current 9,617  9,943  4,549  4,184  4,316  4,334  3,795  3,486  3,450  3,273  2,989  —  —  —  —  —  —  —  —  —  —  —  — 
Inventory, net 9,843  10,256  11,506  10,950  11,242  10,934  10,474  10,083  9,068  8,979  8,938  9,881  10,083  9,860  9,386  8,704  9,081  8,747  8,507  8,135  8,453  10,295  10,336 
Future income tax benefits, current —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,997  1,942  1,893 
Assets related to discontinued operations 56  135  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  4,836  —  — 
Other assets, current 3,879  5,469  1,715  1,461  1,310  1,276  1,319  1,511  1,337  1,263  1,448  1,397  1,229  1,027  923  1,208  860  894  906  843  949  983  936 
Current assets 43,511  42,274  38,875  37,497  37,816  37,058  35,402  35,503  40,204  36,556  32,741  32,858  32,963  32,829  29,305  28,550  28,548  27,970  27,527  26,706  32,359  30,669  29,958 
Customer financing assets 3,314  3,363  3,496  3,477  3,372  3,293  3,182  3,023  3,143  2,763  2,522  2,372  2,184  1,701  1,593  1,398  1,077  1,000  967  1,018  1,008  1,037  993 
Future income tax benefits 699  732  1,444  1,611  1,699  1,712  1,703  1,646  1,701  1,626  1,763  1,723  1,723  1,817  1,804  1,809  1,765  1,812  1,905  1,961  1,341  1,378  1,462 
Fixed assets 25,600  25,118  25,544  25,686  24,649  24,689  24,351  24,084  21,956  21,597  21,820  21,364  20,975  20,309  19,892  19,469  19,384  19,165  18,813  18,494  18,244  19,963  19,632 
Accumulated depreciation (10,870) (10,313) (13,060) (12,931) (12,449) (12,397) (12,141) (11,787) (11,720) (11,482) (11,537) (11,178) (11,212) (10,834) (10,637) (10,311) (10,395) (10,254) (10,050) (9,762) (9,729) (10,697) (10,457)
Fixed assets, net 14,730  14,805  12,484  12,755  12,200  12,292  12,210  12,297  10,236  10,115  10,283  10,186  9,763  9,475  9,255  9,158  8,989  8,911  8,763  8,732  8,515  9,266  9,175 
Operating lease right-of-use assets 2,027  2,102  2,624  2,599  2,556  2,740  2,533  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 53,524  53,269  47,481  48,063  48,041  48,358  48,392  48,112  27,679  27,699  28,339  27,910  27,916  27,587  27,273  27,059  27,422  27,535  27,408  27,301  27,354  27,933  27,557 
Intangible assets, net 41,564  42,003  25,600  26,046  25,686  25,963  26,280  26,424  15,701  15,739  15,995  15,883  15,955  15,881  15,780  15,684  15,800  15,842  15,719  15,603  15,572  15,706  15,571 
Restricted cash —  —  —  —  —  —  —  —  9,205  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other assets 3,030  2,969  7,568  7,668  7,639  7,574  7,678  7,206  7,070  7,071  7,136  5,988  5,848  5,503  5,363  6,048  6,461  6,410  6,282  6,163  5,986  6,784  6,611 
Long-term assets 118,888  119,243  100,697  102,219  101,193  101,932  101,978  98,708  74,735  65,013  66,038  64,062  63,389  61,964  61,068  61,156  61,514  61,510  61,044  60,778  59,776  62,104  61,369 
Total assets 162,399  161,517  139,572  139,716  139,009  138,990  137,380  134,211  114,939  101,569  98,779  96,920  96,352  94,793  90,373  89,706  90,062  89,480  88,571  87,484  92,135  92,773  91,327 

Based on: 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Raytheon Technologies Corp.’s current assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Fixed assets, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Raytheon Technologies Corp.’s fixed assets, net increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Raytheon Technologies Corp.’s long-term assets increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Raytheon Technologies Corp.’s total assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Raytheon Technologies Corp.’s cash and cash equivalents decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Raytheon Technologies Corp.’s accounts receivable, net decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Inventory, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Raytheon Technologies Corp.’s inventory, net decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.