RAYTHEON COMPANY RTN Cash Flow

Raytheon company (RTN)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'17	Jul'17	Apr'17	Dec'16	Sep'16	Jul'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities
Net income
881,000	860,000	813,000	775,000	827,000	641,000	791,000	623,000	387,000	567,000	547,000	500,000	553,000	542,000	713,000	405,000	607,000	443,000	503,000	554,000	586,000	519,000	553,000	600,000	533,000	493,000	493,000	494,000	471,000	507,000	470,000	452,000	552,000	510,000	445,000	389,000	474,000	737,000	215,000	453,000	517,000	498,000	501,000	460,000
(Income) loss from discontinued operations, net of tax
2,000	-1,000	0	0	-1,000	0	1,000	-1,000	0	-1,000	0	3,000	0	1,000	-1,000	1,000	13,000	-1,000	1,000	0	6,000	0	52,000	7,000	64,000	2,000	0	-2,000	3,000	-1,000	-1,000	-2,000	4,000	3,000	8,000	3,000	-41,000	88,000	-4,000	-8,000	-	-	-	3,000
Income from continuing operations
879,000	861,000	813,000	775,000	828,000	641,000	790,000	624,000	387,000	568,000	547,000	497,000	553,000	541,000	714,000	404,000	594,000	444,000	502,000	554,000	580,000	519,000	501,000	593,000	469,000	491,000	493,000	496,000	468,000	508,000	471,000	454,000	548,000	507,000	437,000	386,000	515,000	649,000	219,000	461,000	517,000	499,000	504,000	457,000
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
159,000	155,000	151,000	140,000	151,000	143,000	139,000	135,000	149,000	138,000	133,000	130,000	138,000	130,000	123,000	124,000	136,000	130,000	116,000	107,000	112,000	111,000	109,000	107,000	113,000	111,000	113,000	108,000	114,000	113,000	116,000	112,000	116,000	113,000	111,000	104,000	103,000	105,000	103,000	103,000	107,000	101,000	97,000	97,000
Stock-based compensation
62,000	31,000	32,000	59,000	28,000	36,000	38,000	63,000	46,000	35,000	35,000	57,000	31,000	31,000	35,000	54,000	26,000	27,000	36,000	51,000	30,000	30,000	50,000	38,000	33,000	32,000	33,000	31,000	38,000	28,000	29,000	27,000	30,000	18,000	23,000	31,000	40,000	27,000	32,000	29,000	35,000	33,000	28,000	31,000
Deferred income taxes
27,000	-58,000	47,000	-44,000	-8,000	-24,000	85,000	-77,000	389,000	-32,000	-51,000	-54,000	217,000	-31,000	-23,000	-30,000	206,000	-16,000	-138,000	-94,000	199,000	-193,000	-35,000	-31,000	202,000	-56,000	-80,000	2,000	87,000	-59,000	55,000	11,000	292,000	104,000	-11,000	-9,000	77,000	377,000	-133,000	24,000	38,000	91,000	69,000	71,000
Collection of financing receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	-6,000	-16,000	-18,000	-13,000	-6,000	-9,000
Tax benefit from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	1,000	24,000	18,000	4,000	7,000	25,000	11,000	5,000	1,000	7,000	3,000	-1,000	4,000	5,000	5,000	0	5,000	9,000	0	3,000	3,000	3,000	12,000	7,000	0	5,000	1,000
Changes in assets and liabilities
Receivables, net
-109,000	-134,000	183,000	-236,000	122,000	212,000	-321,000	314,000	-69,000	-167,000	238,000	155,000	-82,000	-186,000	156,000	94,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	1,000
Contract assets and contract liabilities
-671,000	340,000	134,000	731,000	-496,000	26,000	268,000	174,000	-1,050,000	340,000	68,000	554,000	-280,000	433,000	197,000	295,000	-44,000	-95,000	209,000	586,000	-279,000	179,000	185,000	77,000	-492,000	-8,000	398,000	493,000	-	-	313,000	484,000	-956,000	-23,000	130,000	560,000	-297,000	111,000	-240,000	402,000	-55,000	-355,000	30,000	605,000
Inventories
-131,000	-130,000	50,000	124,000	-46,000	79,000	87,000	46,000	-97,000	110,000	-18,000	-9,000	-27,000	23,000	55,000	-41,000	-20,000	101,000	13,000	93,000	-109,000	92,000	67,000	0	-42,000	-50,000	12,000	62,000	-108,000	33,000	53,000	59,000	-81,000	-4,000	5,000	51,000	44,000	-15,000	1,000	-17,000	19,000	21,000	14,000	-48,000
Prepaid expenses and other current assets
-38,000	-24,000	-42,000	59,000	-1,000	-10,000	76,000	-138,000	-56,000	-36,000	13,000	-125,000	47,000	-122,000	13,000	-143,000	68,000	22,000	-219,000	190,000	-23,000	-40,000	-38,000	51,000	97,000	-2,000	20,000	-88,000	-7,000	-5,000	35,000	-67,000	77,000	-20,000	24,000	0	-	-	-	-	17,000	3,000	5,000	11,000
Income taxes receivable/payable
-83,000	11,000	-384,000	181,000	-20,000	26,000	-122,000	290,000	-259,000	-33,000	-145,000	244,000	-107,000	-142,000	-125,000	189,000	-184,000	-89,000	-234,000	326,000	-141,000	-61,000	-55,000	224,000	-90,000	104,000	-60,000	243,000	-129,000	-99,000	-111,000	120,000	-	-	198,000	-169,000	513,000	-242,000	10,000	138,000	7,000	33,000	-42,000	496,000
Accounts payable
251,000	83,000	-18,000	-484,000	470,000	9,000	94,000	-167,000	97,000	47,000	-19,000	-219,000	100,000	3,000	92,000	-43,000	44,000	162,000	13,000	-112,000	173,000	-55,000	36,000	-100,000	35,000	-19,000	-58,000	-129,000	155,000	14,000	-21,000	-307,000	157,000	14,000	11,000	-223,000	128,000	84,000	18,000	-89,000	127,000	78,000	-14,000	7,000
Accrued employee compensation
368,000	84,000	366,000	-523,000	256,000	7,000	322,000	-420,000	179,000	-14,000	307,000	-361,000	102,000	18,000	308,000	-351,000	-37,000	226,000	40,000	-157,000	-93,000	214,000	60,000	-201,000	-85,000	227,000	61,000	-150,000	-116,000	244,000	28,000	-81,000	-144,000	202,000	47,000	-87,000	0	-73,000	314,000	-214,000	-61,000	2,000	350,000	-347,000
Other current liabilities
-19,000	73,000	14,000	3,000	-64,000	26,000	-10,000	-60,000	71,000	60,000	-24,000	-1,000	18,000	17,000	-33,000	-43,000	-30,000	34,000	5,000	8,000	7,000	9,000	-54,000	5,000	61,000	14,000	-50,000	23,000	25,000	24,000	-65,000	19,000	-68,000	18,000	-129,000	29,000	108,000	-20,000	76,000	11,000	93,000	-21,000	35,000	-29,000
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,000	-12,000	-	-5,000	4,000	-15,000	-36,000	-12,000	-28,000	2,000	30,000	-74,000	5,000	14,000	-	-	-	-	-	-	-	-
Accrued retiree benefits
216,000	150,000	146,000	219,000	327,000	-987,000	-67,000	306,000	-702,000	-112,000	281,000	283,000	-274,000	248,000	224,000	221,000	54,000	175,000	141,000	267,000	-413,000	74,000	-208,000	180,000	-25,000	-71,000	-45,000	291,000	-251,000	179,000	-313,000	254,000	-500,000	-268,000	-249,000	257,000	-	-	-	-	-	-	-	-
Other, net
17,000	60,000	19,000	59,000	-44,000	14,000	3,000	15,000	5,000	28,000	20,000	42,000	-21,000	27,000	-10,000	-5,000	0	-38,000	78,000	8,000	49,000	-13,000	7,000	5,000	55,000	-8,000	15,000	8,000	-40,000	-28,000	14,000	19,000	-	-	-	-	-	-	334,000	-175,000	-650,000	421,000	458,000	-189,000
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,000	32,000	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities from continuing operations
2,792,000	1,278,000	823,000	-411,000	2,433,000	-444,000	1,156,000	283,000	1,624,000	382,000	782,000	-41,000	-	-	-	325,000	813,000	1,102,000	376,000	55,000	829,000	423,000	153,000	659,000	1,106,000	895,000	-41,000	422,000	988,000	1,111,000	-259,000	111,000	1,286,000	845,000	-89,000	60,000	822,000	413,000	400,000	257,000	1,073,000	749,000	512,000	411,000
Net cash provided by (used in) operating activities from discontinued operations
-1,000	-1,000	0	0	-1,000	0	0	1,000	-1,000	-1,000	0	0	-	-	-	1,000	13,000	-1,000	0	1,000	85,000	1,000	22,000	12,000	-5,000	1,000	-1,000	1,000	0	0	2,000	4,000	32,000	16,000	2,000	-45,000	43,000	5,000	0	2,000	-4,000	-7,000	-3,000	-6,000
Net cash provided by (used in) operating activities
2,791,000	1,277,000	823,000	-411,000	2,432,000	-444,000	1,156,000	284,000	1,623,000	381,000	782,000	-41,000	1,141,000	640,000	745,000	326,000	826,000	1,101,000	376,000	56,000	914,000	424,000	175,000	671,000	1,101,000	896,000	-42,000	423,000	988,000	1,111,000	-257,000	115,000	1,318,000	861,000	-87,000	15,000	865,000	418,000	400,000	259,000	1,069,000	742,000	509,000	405,000
Cash flows from investing activities
Additions to property, plant and equipment
289,000	215,000	164,000	274,000	217,000	180,000	147,000	219,000	220,000	142,000	95,000	86,000	217,000	107,000	87,000	150,000	167,000	96,000	88,000	55,000	153,000	72,000	62,000	39,000	115,000	60,000	56,000	49,000	135,000	67,000	67,000	70,000	143,000	90,000	57,000	50,000	135,000	75,000	64,000	45,000	142,000	57,000	48,000	33,000
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	15,000	0	20,000	11,000	9,000	24,000	0	1,000	14,000	26,000	15,000	4,000	9,000	0	0	0	1,000	0	0	1,000	0	2,000	44,000	0	-	-	-	-	2,000	0	0	2,000	-	-	-	-
Additions to capitalized internal-use software
19,000	21,000	15,000	10,000	16,000	14,000	16,000	12,000	19,000	16,000	17,000	16,000	17,000	21,000	14,000	12,000	14,000	11,000	13,000	13,000	14,000	14,000	14,000	12,000	15,000	13,000	12,000	9,000	16,000	14,000	26,000	20,000	23,000	24,000	24,000	26,000	22,000	14,000	17,000	14,000	18,000	15,000	21,000	13,000
Purchases of short-term investments
-	-	-	-	-	-	-	-	297,000	0	0	399,000	0	0	472,000	0	734,000	510,000	0	148,000	724,000	819,000	26,000	1,345,000	302,000	100,000	638,000	201,000	674,000	125,000	706,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	74,000	135,000	0	0	425,000	457,000	0	0	325,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of short-term investments
0	0	0	0	0	0	0	309,000	0	417,000	0	100,000	362,000	223,000	472,000	127,000	457,000	562,000	524,000	250,000	691,000	237,000	195,000	400,000	261,000	156,000	209,000	153,000	430,000	75,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
0	0	0	8,000	0	0	0	0	0	54,000	0	39,000	0	0	0	57,000	62,000	0	1,886,000	6,000	427,000	0	0	0	-	-	-	-	-	-	-	-	94,000	1,000	50,000	500,000	140,000	0	0	12,000	-	-	-	-
Other
0	1,000	-2,000	0	13,000	6,000	2,000	1,000	-22,000	1,000	0	1,000	2,000	15,000	-6,000	0	-4,000	-9,000	-16,000	31,000	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-297,000	-237,000	-177,000	-292,000	-244,000	-200,000	-154,000	77,000	-499,000	204,000	-92,000	-430,000	135,000	104,000	-95,000	-91,000	-502,000	-20,000	-1,358,000	136,000	-633,000	-668,000	518,000	-539,000	-165,000	-17,000	-186,000	-105,000	-690,000	-137,000	-606,000	-90,000	-256,000	-106,000	-113,000	-576,000	-295,000	-89,000	-82,000	-69,000	-	-72,000	-78,000	-46,000
Cash flows from financing activities
Dividends paid
263,000	263,000	265,000	245,000	247,000	248,000	250,000	230,000	231,000	232,000	232,000	215,000	215,000	216,000	218,000	201,000	202,000	204,000	205,000	186,000	184,000	188,000	189,000	174,000	174,000	177,000	179,000	164,000	165,000	165,000	167,000	146,000	148,000	152,000	153,000	135,000	135,000	141,000	143,000	117,000	118,000	121,000	122,000	112,000
Proceeds from (Repayments of) Commercial Paper
0	-300,000	0	0	0	0	0	0	0	0	300,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125,000	200,000	400,000	313,000	312,000	313,000	312,000	250,000	425,000	475,000	300,000	300,000	300,000	300,000	300,000
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	1,000	0	1,000	9,000	14,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution from noncontrolling interest in Forcepoint
-	-	-	-	-	-	-	-	0	0	0	8,000	0	0	0	11,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from warrants exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	110,000	13,000	0	0	87,000	163,000	-	-	-	-
Activity under common stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	37,000	57,000	2,000	-4,000	7,000	17,000	10,000	0	-11,000	23,000	21,000	-4,000	-19,000	3,000
Tax benefit from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	1,000	24,000	18,000	4,000	7,000	25,000	11,000	5,000	1,000	7,000	3,000	-1,000	4,000	5,000	5,000	0	5,000	9,000	0	3,000	3,000	3,000	12,000	7,000	0	5,000	1,000
Other
-5,000	0	0	-5,000	0	0	0	-5,000	0	0	0	0	0	0	0	-5,000	0	-1,000	-2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-858,000	-564,000	-565,000	-816,000	-649,000	-373,000	-669,000	-707,000	-332,000	-437,000	-702,000	-645,000	-315,000	-418,000	-568,000	-629,000	-449,000	-456,000	-96,000	-508,000	307,000	-383,000	-468,000	-392,000	-582,000	-404,000	-430,000	-381,000	-142,000	-292,000	-328,000	-484,000	533,000	-466,000	-344,000	-417,000	919,000	-565,000	-546,000	-219,000	-373,000	-427,000	-442,000	-408,000
Net increase (decrease) in cash, cash equivalents and restricted cash
1,636,000	476,000	81,000	-1,519,000	1,539,000	-1,017,000	333,000	-346,000	792,000	148,000	-12,000	-1,116,000	961,000	326,000	82,000	-394,000	-125,000	625,000	-1,078,000	-316,000	588,000	-627,000	225,000	-260,000	354,000	475,000	-658,000	-63,000	156,000	682,000	-1,191,000	-459,000	1,595,000	289,000	-544,000	-978,000	1,489,000	-236,000	-228,000	-29,000	200,000	243,000	-11,000	-49,000
Share Repurchase Program [Member]
Repurchases of common stock
0	0	300,000	500,000	400,000	125,000	400,000	400,000	100,000	200,000	100,000	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Satisfy tax withholding [Member]
Repurchases of common stock
2,000	1,000	0	66,000	2,000	0	19,000	72,000	1,000	5,000	41,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-