Raytheon company (RTN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities
Net income

3,329

2,882

2,001

2,213

2,107

2,258

2,013

1,900

1,896

1,879

1,976

1,696

2,604

(Income) loss from discontinued operations, net of tax

1

-1

2

1

13

65

64

-1

18

35

-1

-2

885

Income from continuing operations

3,328

2,883

1,999

2,212

2,094

2,193

1,949

1,901

1,878

1,844

1,977

1,698

1,719

Adjustments to reconcile to net cash provided by (used in) operating activities from continuing operations, net of the effect of acquisitions and divestitures
Depreciation and amortization

605

568

550

515

489

439

445

455

444

414

402

390

372

Stock-based compensation

184

165

173

151

140

148

129

122

102

128

127

122

109

Gain on sale of equity method investment

-

-

-

158

0

0

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

0

-39

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-28

-24

252

133

-42

-60

68

94

376

345

269

574

182

Collection of financing receivables

-

-

-

-

-

-

-

-

-

-

-46

-68

-88

Tax benefit from stock-based awards

-

-

-

-

47

47

16

13

14

21

13

53

55

Changes in assets and liabilities
Receivables, net

-296

327

157

-18

-12

-

-

-

-

-

-

-

-28

Contract assets and contract liabilities

534

-28

-88

645

656

162

391

145

-289

-24

225

-155

197

Inventories

-87

166

-14

10

187

50

-18

37

-29

13

6

-62

12

Prepaid expenses and other current assets

-45

-73

-204

-205

61

-50

27

-44

81

25

36

-60

-8

Income taxes receivable/payable

-275

174

-193

-185

-181

-33

197

-219

-49

419

494

-351

-638

Accounts payable

-168

406

-94

152

107

54

-171

-159

-41

141

198

-24

232

Accrued employee compensation

295

165

111

77

72

-20

53

75

18

27

-56

-9

-34

Other current liabilities

71

-108

106

-41

17

-33

48

3

-150

175

78

3

-110

Other long-term liabilities

-

-

-

-

-

-

-

-74

-25

-344

55

-

-

Accrued retiree benefits

731

-421

-250

419

637

-367

150

-131

-760

-1,048

-525

-

-

Other, net

155

-12

95

-9

48

48

70

-35

-86

174

40

659

443

Net cash provided by (used in) operating activities from continuing operations

4,482

3,428

2,747

2,852

2,346

2,064

2,382

1,951

2,102

1,892

2,745

2,036

1,249

Net cash provided by (used in) operating activities from discontinued operations

-2

0

-2

0

13

120

-4

6

5

50

-20

-21

-51

Net cash provided by (used in) operating activities

4,480

3,428

2,745

2,852

2,359

2,184

2,378

1,957

2,107

1,942

2,725

2,015

1,198

Cash flows from investing activities
Additions to property, plant and equipment

942

763

543

561

406

326

280

339

340

319

280

304

313

Proceeds from sales of property, plant and equipment

25

2

46

34

59

9

2

46

0

4

1

14

8

Additions to capitalized internal-use software

65

58

68

64

51

54

49

76

97

67

67

74

85

Purchases of short-term investments

0

0

696

472

1,392

2,914

1,241

1,505

0

0

-

-

-

Sales of short-term investments

-

-

-

-

209

882

325

150

0

0

-

-

-

Maturities of short-term investments

0

309

517

1,184

1,793

1,523

779

505

0

0

-

-

-

Proceeds from sales of discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

9

3,143

Payments to Acquire Businesses, Net of Cash Acquired

8

0

93

57

1,954

427

9

301

645

152

334

54

211

Proceeds from sale of business, net of transaction costs

0

11

0

0

-

-

-

-

-

-

-

-

-

Payments for settlement of treasury rate lock

17

0

0

-

-

-

-

-

-

-

-

-

-

Other

-1

22

-20

11

2

15

0

3

1

1

12

8

6

Net cash provided by (used in) investing activities from continuing operations

-1,006

-521

-817

-

-

-

-

-

-1,083

-535

-692

-417

2,536

Net cash provided by (used in) investing activities from discontinued operations

3

0

0

-

-

-

-

-

32

0

-

-

-29

Net cash provided by (used in) investing activities

-1,003

-521

-817

53

-1,744

-1,322

-473

-1,523

-1,051

-535

-

-

2,507

Cash flows from financing activities
Dividends paid

1,036

975

910

850

797

735

694

643

588

536

473

460

440

Proceeds from (Repayments of) Commercial Paper

-300

0

300

0

0

-

-

-

-

-

-

-

-

Issuance of long-term debt, net of offering costs

-

-

-

-

-

592

0

1,092

992

1,975

496

-

0

Repayments of long-term debt

0

0

591

0

0

-

-

970

0

678

474

-

1,724

Loss on repayment of long-term debt

0

0

38

0

0

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

1,250

1,450

1,200

1,700

1,642

Proceeds from exercise of stock options

-

-

-

-

-

2

24

131

-

-

-

-

-

Payments to Noncontrolling Interests

588

0

0

90

0

0

-

-

-

-

-

-

-

Contribution from noncontrolling interest in Forcepoint

0

0

8

11

0

0

-

-

-

-

-

-

-

Proceeds from warrants exercised

-

-

-

-

-

-

-

-

123

250

0

-

-

Activity under common stock plans

-

-

-

-

-

-

-

-

22

22

1

113

241

Tax benefit from stock-based awards

-

-

-

-

47

47

16

13

14

21

13

53

55

Sale of noncontrolling interest in Forcepoint

-

-

-

-

343

0

0

-

-

-

-

-

-

Other

-10

-5

0

-5

-3

-2

-20

-7

-7

-15

-13

-

0

Net cash provided by (used in) financing activities

-2,803

-2,398

-2,116

-1,930

-1,509

-936

-1,797

-1,246

-694

-411

-1,650

-1,994

-3,510

Net increase (decrease) in cash, cash equivalents and restricted cash

674

509

-188

975

-894

-74

108

-812

362

996

383

-396

195

Share Repurchase Program [Member]
Repurchases of common stock

800

1,325

800

900

-

-

-

-

-

-

-

-

-

Satisfy tax withholding [Member]
Repurchases of common stock

69

93

85

96

-

-

-

-

-

-

-

-

-