Stock Analysis on Net
Stock Analysis on Net

Raytheon Technologies Corp. (NYSE:RTX)

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Raytheon Technologies Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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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
Short-term borrowings 243  1,725  2,364  1,327  1,139  1,111  1,469  1,576  985  1,066  392  1,077  682  1,200  601  871  753  1,233  926  3,024  2,782  2,314 
Accounts payable 7,182  10,976  10,809  10,840  11,109  10,364  11,080  10,509  9,623  8,875  9,579  8,999  8,542  7,520  7,483  7,432  7,242  6,579  6,875  6,333  7,153  6,929 
Accrued liabilities 14,253  11,055  11,737  11,672  10,753  10,750  10,223  8,867  8,730  7,951  12,316  13,053  12,634  12,522  12,219  12,634  12,534  12,581  14,638  14,117  13,622  14,616 
Contract liabilities, current 11,997  6,384  6,180  6,233  6,219  6,107  5,720  5,460  5,652  5,727  —  —  —  —  —  —  —  —  —  —  —  — 
Liabilities related to discontinued operations 319  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt currently due 1,297  1,362  3,496  5,495  6,202  3,071  2,876  92  78  1,128  2,104  2,120  2,061  2,484  1,603  1,604  1,654  130  179  215  172  1,870 
Current liabilities 35,291  31,502  34,586  35,567  35,422  31,403  31,368  26,504  25,068  24,747  24,391  25,249  23,919  23,726  21,906  22,541  22,183  20,523  22,618  23,689  23,729  25,729 
Long-term debt, excluding currently due 31,210  43,232  37,788  37,782  37,910  41,004  41,192  38,275  27,246  25,153  24,989  24,063  23,883  20,898  21,697  20,190  20,130  21,688  19,320  19,428  19,489  17,809 
Operating lease liabilities, non-current 1,723  2,126  2,144  2,105  2,258  2,020  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Future pension and postretirement benefit obligations 14,972  3,225  3,502  3,855  3,663  3,846  4,018  2,412  2,589  2,847  3,036  3,227  5,249  5,433  5,612  5,552  5,713  5,869  6,022  6,235  6,373  6,494 
Contract liabilities, non-current —  5,554  5,732  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term liabilities 9,394  11,903  11,638  16,774  16,651  17,052  16,914  13,373  13,190  13,405  12,952  11,693  11,181  10,737  11,026  10,700  10,492  10,461  10,558  10,600  11,110  10,993 
Long-term liabilities 57,299  66,040  60,804  60,516  60,482  63,922  62,124  54,060  43,025  41,405  40,977  38,983  40,313  37,068  38,335  36,442  36,335  38,018  35,900  36,263  36,972  35,296 
Total liabilities 92,590  97,542  95,390  96,083  95,904  95,325  93,492  80,564  68,093  66,152  65,368  64,232  64,232  60,794  60,241  58,983  58,518  58,541  58,518  59,952  60,701  61,025 
Redeemable noncontrolling interest 35  95  95  107  109  109  109  125  130  135  131  429  406  307  296  315  314  127  122  132  134  135 
Common Stock 36,735  23,099  23,019  22,873  22,718  22,564  22,514  17,869  17,747  17,641  17,574  17,486  17,372  17,359  17,285  17,213  16,341  16,256  16,033  16,731  15,141  15,032 
Treasury Stock (10,398) (32,665) (32,626) (32,588) (32,549) (32,511) (32,482) (35,667) (35,645) (35,619) (35,596) (35,575) (35,516) (35,080) (34,150) (32,584) (31,118) (31,082) (30,907) (25,946) (24,520) (24,520)
Retained earnings 49,744  60,826  61,594  61,069  60,548  59,279  57,823  57,706  57,027  55,533  55,242  55,385  54,640  53,741  52,873  52,384  51,451  50,625  49,956  47,236  46,443  45,462 
Unearned ESOP shares (56) (61) (64) (67) (71) (75) (76) (79) (81) (84) (85) (88) (90) (93) (95) (97) (100) (102) (105) (108) (110) (113)
Accumulated other comprehensive loss (8,800) (11,788) (10,149) (10,819) (9,892) (9,519) (9,333) (7,723) (7,684) (6,937) (7,525) (7,327) (7,964) (8,333) (8,334) (7,729) (7,484) (7,344) (7,619) (7,388) (6,577) (7,211)
Shareowners’ equity 67,225  39,411  41,774  40,468  40,754  39,738  38,446  32,106  31,364  30,534  29,610  29,881  28,442  27,594  27,579  29,187  29,090  28,353  27,358  30,525  30,377  28,650 
Noncontrolling interest 1,667  2,524  2,457  2,351  2,223  2,208  2,164  2,144  1,982  1,958  1,811  1,810  1,713  1,678  1,590  1,577  1,558  1,550  1,486  1,526  1,561  1,517 
Total equity 68,892  41,935  44,231  42,819  42,977  41,946  40,610  34,250  33,346  32,492  31,421  31,691  30,155  29,272  29,169  30,764  30,648  29,903  28,844  32,051  31,938  30,167 
Total liabilities, redeemable noncontrolling interests and equity 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: 2020-07-29), 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Raytheon Technologies Corp.’s current liabilities decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Raytheon Technologies Corp.’s long-term liabilities increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Raytheon Technologies Corp.’s total liabilities increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Shareowners’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Raytheon Technologies Corp.’s shareowners’ equity decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.