Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

RTX Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (loss) from continuing operations 1,473 (933) 1,359 1,481 1,468 1,395 1,338 1,126 771 1,473 1,088 813 215 185 (3,820) 492 1,267 1,257 1,999 1,425
Depreciation and amortization 1,059 1,074 1,044 1,034 1,048 1,047 999 1,014 1,144 1,158 1,132 1,123 1,153 1,164 1,111 728 952 967 922 942
Deferred income tax provision (benefit) 326 (28) (371) (329) 18 (534) (546) (601) 54 (317) 22 153 (65) (152) (274) 392 54 (25) (15) 21
Stock compensation cost 106 107 112 100 102 106 109 103 99 116 143 84 77 118 72 63 95 105 92 64
Net periodic pension and other postretirement income (391) (386) (390) (388) (351) (348) (354) (360) (341) (358) (357) (358) (88) (102) (93) (130) (525)
Debt extinguishment costs 649
Goodwill impairment loss 3,183
Portfolio separation tax cost 16 618
Accounts receivable (892) (214) 263 (962) 116 1,111 (1,346) 556 (173) (690) 1,092 (799) 751 (596) 773 390 360 (710) (80) 849
Contract assets 410 267 (232) (1,198) 765 (474) (306) (219) (477) (560) (246) (311) (636) 323 725 (349) 192 (8) (276) (215)
Inventory 326 (108) (602) (720) (141) (401) (446) (587) 220 76 (20) (113) 523 439 (155) (395) 287 (395) (411) (697)
Other current assets (283) (244) (108) (526) (443) (231) (72) (281) (291) (17) (65) (193) (64) (201) 28 (208) (198) (162) 216 (165)
Accounts payable and accrued liabilities 594 3,571 (639) 490 777 (811) 2,425 (316) 492 1,158 (1,271) 538 (800) 529 (2,007) 612 140 1,147 530 (588)
Contract liabilities 1,893 174 32 223 1,130 25 (259) (50) 1,289 128 11 (56) 775 153 302 (101) (35) 13 10 371
Income taxes (406)
Change in assets and liabilities 2,048 3,446 (1,286) (2,693) 2,204 (781) (4) (897) 1,060 95 (499) (934) 549 647 (334) (51) 340 (115) (11) (445)
Canadian government settlement (38)
Other operating activities, net 90 36 251 (68) 139 (107) (256) 91 (275) (235) (203) (158) (471) (238) 365 (362) 583 (317) (876) (469)
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by (used in) operating activities 3,238 4,249 (640) (2,344) 3,160 (617) (52) (650) 2,390 459 238 (90) 1,155 1,437 4,030 640 1,515 1,233 112 75
Net cash flows provided by (used in) operating activities 4,711 3,316 719 (863) 4,628 778 1,286 476 3,161 1,932 1,326 723 1,370 1,622 210 1,132 2,782 2,490 2,111 1,500
Capital expenditures (805) (564) (526) (520) (855) (515) (479) (439) (954) (433) (360) (387) (623) (389) (458) (325) (897) (529) (467) (363)
Investments in businesses (66) (1,082) (6) (419) (17) (7) (13) (19)
Dispositions of businesses, net of cash transferred 6 6 53 35 805 25 1,049 (19) 2,341 234 4 1 133
Cash acquired in Raytheon merger 3,208
Customer financing assets (payments) receipts, net 54 (1) 14 28 4 32 12 (19) 134 126 (21) (81) 226 (9) (41) (88) (214) (113) (158) (173)
Increase in other intangible assets (215) (222) (160) (154) (318) (78) (41) (50) (50) (78) (28) (32) (36) (30) (28) (78) (92) (90) (82) (87)
(Payments) receipts from settlements of derivative contracts, net 32 (63) 58 (13) 54 (108) (118) (33) (58) (8) 1 49 83 171 238 (524) 178 97 (31) 92
Other investing activities, net (44) (15) (9) 80 177 (26) (45) (12) (20) 15 40 (10) (21) 12 (57) (25) (81) (115) (72) 23
Net cash flows (used in) provided by investing activities (978) (859) (623) (579) (938) (755) (618) (518) (1,225) (378) (343) 582 (809) 2,096 3,096 (1,040) (1,119) (756) (823) (394)
Issuance of long-term debt 9,940 3 2,971 1 2,081 1,981 5 15 1,984 15 17 24 32
Distribution from discontinued operations 17,207
Repayment of long-term debt (403) (172) (3) (1) (2) (1,707) (2,240) (21) (286) (1,030) (14) (1,228) (13,810) (2,119) (646) (39) (26)
Proceeds from bridge loan 10,000
Repayment of bridge loan (10,000)
Change in commercial paper, net (997) 3 897 (427) (1,549) 2,067 (160)
Debt extinguishment costs (649)
Change in other short-term borrowings, net 19 92 (46) 22 (15) 3 (23) 6 88 10 (38) (13) 19 (15) (1,382) (663) 1,031 223 22 (349)
Dividends paid on common stock (767) (838) (844) (790) (791) (794) (798) (745) (745) (751) (756) (705) (706) (688) (724) (614) (612) (611) (610) (609)
Repurchase of common stock (10,283) (1,429) (596) (562) (408) (616) (1,036) (743) (327) (993) (632) (375) (47) (40) (42) (40) (29)
Net transfers to discontinued operations (44) (3) (19) (5) (35) (32) (950) (1,016)
Other financing activities, net (127) (33) (39) (118) (86) (43) (23) (263) (111) (67) (109) (160) (57) 10 (72) (17) 55 (69) (46) (96)
Net cash flows provided by (used in) financing activities (2,618) (2,377) (628) 1,096 (2,849) 617 (1,882) (1,745) (1,574) (2,063) (1,575) (1,544) (1,804) (724) (2,372) 1,040 (1,670) (1,128) (689) (1,077)
Net cash used in operating activities (44) (3) (19) (5) (35) (32) (189) (472)
Net cash used in investing activities (241)
Net cash provided by (used in) financing activities 44 3 19 5 35 32 (1,803) 322
Net cash used in discontinued operations (1,992) (391)
Effect of foreign exchange rate changes on cash and cash equivalents 14 (15) 18 1 15 (37) (35) 15 (11) (69) 56 23 43 21 9 (95) 46 (81) (25) 41
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,129 65 (514) (345) 856 603 (1,249) (1,772) 351 (578) (536) (216) (1,200) 3,015 (1,049) 646 39 525 574 70

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash flow statement item Description The company
Net cash flows provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. RTX Corp. net cash flows provided by (used in) operating activities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash flows (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. RTX Corp. net cash flows (used in) provided by investing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash flows provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. RTX Corp. net cash flows provided by (used in) financing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.