Textron Inc TXT Cash Flow

Textron inc (TXT)

CashFlow / Yearly

Jan'20	Dec'18	Dec'17	Dec'16	Jan'16	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities
Net income
815,000	1,222,000	307,000	962,000	697,000	600,000	498,000	589,000	242,000	86,000	-31,000	486,000
Less: Income from discontinued operations, net of income taxes
-	-	1,000	119,000	-1,000	-5,000	-	8,000	-	-6,000	42,000	162,000
Income from continuing operations
815,000	1,222,000	306,000	843,000	698,000	605,000	498,000	581,000	242,000	92,000	-73,000	324,000
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:
Non-cash items:
Dividends received from TFC
-	-	-	-	-	-	-	-	-	-	-	0
Capital contribution paid to TFC
-	-	-	-	-	-	-	-	-	-	-	0
Depreciation and amortization
416,000	437,000	447,000	449,000	461,000	459,000	389,000	383,000	403,000	393,000	409,000	400,000
Gain on business disposition
-	444,000	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
89,000	49,000	346,000	48,000	4,000	-19,000	86,000	171,000	81,000	69,000	-265,000	-43,000
Special charges
15,000	48,000	47,000	40,000	7,000	-	-	-	-	-	-	-
Other, net
-79,000	-102,000	-90,000	-92,000	-99,000	-100,000	-61,000	-86,000	-178,000	-109,000	82,000	103,000
Provision for losses on finance receivables held for investment
-	-	-	-	-	-	-	-	-	143,000	267,000	234,000
Portfolio losses on finance receivables
-	-	-	-	-	-	-	-	102,000	112,000	162,000	-
Valuation allowance on finance receivables held for sale
-	-	-	-	-	-	-	-	202,000	8,000	-15,000	293,000
Goodwill and other asset impairment charges
-	-	-	-	-	-	-	-	59,000	19,000	144,000	191,000
Changes in assets and liabilities:
Accounts receivable, net
-99,000	-50,000	236,000	33,000	14,000	-56,000	118,000	-32,000	-36,000	1,000	-17,000	-15,000
Inventories
292,000	-41,000	-412,000	352,000	239,000	209,000	118,000	316,000	127,000	10,000	-803,000	662,000
Other assets
37,000	88,000	44,000	15,000	36,000	33,000	42,000	-7,000	-98,000	-99,000	250,000	68,000
Accounts payable
280,000	-63,000	-156,000	215,000	43,000	-228,000	65,000	179,000	211,000	54,000	-535,000	276,000
Other liabilities
-348,000	-223,000	-113,000	-281,000	-155,000	311,000	-182,000	-96,000	-175,000	-249,000	78,000	-33,000
Income taxes, net
-83,000	-33,000	78,000	-189,000	71,000	-22,000	-84,000	52,000	48,000	-	-	-
Pension, net
-62,000	-14,000	-277,000	25,000	69,000	46,000	17,000	-240,000	-474,000	-269,000	-	-
Captive finance receivables, net
-45,000	-22,000	-67,000	-75,000	-90,000	-150,000	-237,000	-96,000	-236,000	-424,000	-177,000	291,000
Dividends received from Finance group
-	-	-	-	-	-	-	-	-	-	0	-
Other operating activities, net
-	-3,000	4,000	-10,000	4,000	5,000	-4,000	-	52,000	-	-31,000	-25,000
Net cash (used in) provided by operating activities of continuing operations
1,016,000	1,109,000	963,000	927,000	1,094,000	1,211,000	813,000	935,000	1,068,000	993,000	1,032,000	764,000
Net cash used in operating activities of discontinued operations
-2,000	-2,000	-27,000	-2,000	-4,000	-3,000	-3,000	-8,000	-5,000	-9,000	-17,000	-14,000
Net cash (used in) provided by operating activities
1,014,000	1,107,000	936,000	925,000	1,090,000	1,208,000	810,000	927,000	1,063,000	984,000	1,015,000	750,000
Cash flows from investing activities
Capital expenditures
339,000	369,000	423,000	446,000	420,000	429,000	444,000	480,000	423,000	270,000	238,000	545,000
Net proceeds from corporate-owned life insurance policies
2,000	110,000	17,000	87,000	-	-	-	-	-	-	-	-
Net proceeds from business disposition
-	807,000	-	-	-	-	-	-	-	-	-	-
Net cash used in acquisitions
2,000	23,000	331,000	186,000	81,000	1,628,000	196,000	11,000	14,000	57,000	-	109,000
Finance receivables repaid
48,000	27,000	32,000	44,000	67,000	91,000	190,000	599,000	824,000	1,635,000	-4,011,000	-10,630,000
Finance receivables originated or purchased
-	-	-	-	-	-	-	-	187,000	450,000	3,005,000	10,860,000
Proceeds from sales of receivables and other finance assets
-	-	-	-	-	-	178,000	249,000	530,000	-	-	-
Retained interests
-	-	-	-	-	-	-	-	-	-	117,000	15,000
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	100,000
Other investing activities, net
-25,000	-68,000	-60,000	-65,000	-46,000	-47,000	-8,000	-21,000	-55,000	-34,000	-13,000	-21,000
Net cash provided by (used in) investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	1,728,000	-408,000
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	211,000	471,000
Net cash used in investing activities
-266,000	620,000	-645,000	-436,000	-388,000	-1,919,000	-264,000	378,000	843,000	1,549,000	1,939,000	63,000
Proceeds on receivable sales
-	-	-	-	-	-	-	-	-	528,000	594,000	518,000
Proceeds from sale of repossessed assets and properties
-	-	-	-	-	-	-	-	-	129,000	236,000	22,000
Proceeds from collection on notes receivable from a prior disposition
-	-	-	-	-	-	-	-	58,000	-	-	-
Cash flows from financing activities
Increase in short-term debt
-	-	-	-	-	-	-	-	-	-	-1,637,000	218,000
Proceeds from long-term debt
301,000	-	1,036,000	525,000	61,000	1,567,000	448,000	106,000	926,000	231,000	918,000	1,461,000
Principal payments on long-term debt and nonrecourse debt
303,000	131,000	841,000	457,000	356,000	904,000	1,056,000	615,000	785,000	2,241,000	4,163,000	1,922,000
Proceeds from option exercises and excess tax benefit on options
-	-	-	-	-	-	-	-	-	-	-	50,000
Purchases of Textron common stock
503,000	1,783,000	582,000	241,000	219,000	340,000	-	272,000	-	-	-	533,000
Proceeds from exercise of stock options
24,000	74,000	52,000	36,000	32,000	50,000	31,000	19,000	3,000	-	-	-
Dividends paid
18,000	20,000	21,000	22,000	22,000	28,000	22,000	17,000	22,000	22,000	21,000	284,000
Payment on borrowings against officers' life insurance policies
-	-	-	-	-	-	-	-	-	-	412,000	-
Capital contributions paid to Finance group
-	-	-	-	-	-	-	-	-	-	0	-
Settlement of convertible notes
-	-	-	-	-	-	-215,000	-2,000	-580,000	-	582,000	-
Proceeds from settlement of capped call
-	-	-	-	-	-	75,000	-	-	-	-	-
Amendment of call option/warrant transactions and purchase of capped call
-	-	-	-	-	-	-	-	30,000	-	-	-
Purchase of convertible note call options
-	-	-	-	-	-	-	-	-	-	140,000	-
Proceeds from issuance of common stock and warrants
-	-	-	-	-	-	-	-	-	-	333,000	-
Proceeds from long-term lines of credit
-	-	-	-	-	-	-	-	-	-	2,970,000	-
Payments on long-term lines of credit
-	-	-	-	-	-	-	-	1,440,000	1,467,000	63,000	-
Other financing activities, net
-3,000	-4,000	-4,000	-9,000	-	-10,000	-3,000	-	-23,000	6,000	-	-
Net cash used in financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-2,000
Net cash provided by (used in) financing activities
-502,000	-1,864,000	-360,000	-168,000	-504,000	335,000	-742,000	-781,000	-1,951,000	-3,493,000	-1,633,000	-790,000
Proceeds (payments) on borrowings against officers' life insurance policies
-	-	-	-	-	-	-	-	-	-	-	222,000
Intergroup financing
-	-	-	-	-	-	-	-	-	-	0	0
Capital contributions paid to TFC under Support Agreement
-	-	-	-	-	-	-	-	-	-	-	0
Capital contributions paid to Finance group
-	-	-	-	-	-	-	-	-	-	0	0
Effect of exchange rate changes on cash and equivalents
4,000	-18,000	33,000	-28,000	-15,000	-13,000	-6,000	4,000	-1,000	-1,000	24,000	-7,000
Net increase (decrease) in cash and equivalents
250,000	-155,000	-36,000	293,000	183,000	-389,000	-202,000	528,000	-46,000	-961,000	1,345,000	16,000
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-788,000
Manufacturing group
Net income
793,000	1,198,000	248,000	951,000	683,000	-	-	-	-	-	-	-
Less: Income from discontinued operations, net of income taxes
-	-	1,000	119,000	-1,000	-	-	-	-	-	-	-
Income from continuing operations
793,000	1,198,000	247,000	832,000	684,000	-	-	-	-	-	-	-
Depreciation and amortization
410,000	429,000	435,000	437,000	449,000	-	-	-	-	-	-	-
Gain on business disposition
-	444,000	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
91,000	54,000	390,000	36,000	14,000	-	-	-	-	-	-	-
Special charges
15,000	48,000	47,000	40,000	7,000	-	-	-	-	-	-	-
Other, net
-79,000	-97,000	-94,000	-90,000	-90,000	-	-	-	-	-	-	-
Accounts receivable, net
-99,000	-50,000	236,000	33,000	14,000	-	-	-	-	-	-	-
Inventories
319,000	-45,000	-422,000	347,000	241,000	-	-	-	-	-	-	-
Other assets
34,000	87,000	43,000	-17,000	40,000	-	-	-	-	-	-	-
Accounts payable
280,000	-63,000	-156,000	215,000	43,000	-	-	-	-	-	-	-
Other liabilities
-352,000	-219,000	-108,000	-276,000	-	-	-	-	-	-	-	-
Income taxes, net
-90,000	-20,000	119,000	-174,000	62,000	-	-	-	-	-	-	-
Accrued and other liabilities
-	-	-	-	-144,000	-	-	-	-	-	-	-
Pension, net
-62,000	-14,000	-277,000	25,000	69,000	-	-	-	-	-	-	-
Dividends received from Finance group
50,000	50,000	-	29,000	63,000	-	-	-	-	-	-	-
Other operating activities, net
-	-3,000	4,000	-10,000	4,000	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities of continuing operations
960,000	1,127,000	930,000	901,000	1,038,000	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
-2,000	-2,000	-27,000	-2,000	-4,000	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
958,000	1,125,000	903,000	899,000	1,034,000	-	-	-	-	-	-	-
Capital expenditures
339,000	369,000	423,000	446,000	420,000	-	-	-	-	-	-	-
Net proceeds from corporate-owned life insurance policies
2,000	110,000	17,000	87,000	-	-	-	-	-	-	-	-
Net proceeds from business disposition
-	807,000	-	-	-	-	-	-	-	-	-	-
Net cash used in acquisitions
2,000	23,000	331,000	186,000	81,000	-	-	-	-	-	-	-
Other investing activities, net
-10,000	-14,000	-9,000	-11,000	-5,000	-	-	-	-	-	-	-
Net cash used in investing activities
-329,000	539,000	-728,000	-534,000	-496,000	-	-	-	-	-	-	-
Proceeds from long-term debt
301,000	-	992,000	345,000	-	-	-	-	-	-	-	-
Principal payments on long-term debt and nonrecourse debt
252,000	5,000	704,000	254,000	100,000	-	-	-	-	-	-	-
Purchases of Textron common stock
503,000	1,783,000	582,000	241,000	219,000	-	-	-	-	-	-	-
Proceeds from exercise of stock options
24,000	74,000	52,000	36,000	32,000	-	-	-	-	-	-	-
Dividends paid
18,000	20,000	21,000	22,000	22,000	-	-	-	-	-	-	-
Other financing activities, net
9,000	-4,000	-3,000	-10,000	1,000	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-439,000	-1,738,000	-266,000	-146,000	-308,000	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and equivalents
4,000	-18,000	33,000	-28,000	-15,000	-	-	-	-	-	-	-
Net increase (decrease) in cash and equivalents
194,000	-92,000	-58,000	191,000	215,000	-	-	-	-	-	-	-
Finance group
Net income
22,000	24,000	59,000	11,000	14,000	-	-	-	-	-	-	-
Income from continuing operations
22,000	24,000	59,000	11,000	14,000	-	-	-	-	-	-	-
Depreciation and amortization
6,000	8,000	12,000	12,000	12,000	-	-	-	-	-	-	-
Deferred income taxes
-2,000	-5,000	-44,000	12,000	-10,000	-	-	-	-	-	-	-
Other, net
-	-5,000	4,000	-2,000	-9,000	-	-	-	-	-	-	-
Other assets
3,000	1,000	1,000	6,000	-4,000	-	-	-	-	-	-	-
Other liabilities
4,000	-4,000	-5,000	-5,000	-	-	-	-	-	-	-	-
Income taxes, net
7,000	-13,000	-41,000	-15,000	9,000	-	-	-	-	-	-	-
Accrued and other liabilities
-	-	-	-	-8,000	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities of continuing operations
34,000	14,000	-24,000	11,000	30,000	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
34,000	14,000	-24,000	11,000	30,000	-	-	-	-	-	-	-
Finance receivables repaid
277,000	226,000	273,000	292,000	351,000	-	-	-	-	-	-	-
Finance receivables originated
184,000	177,000	174,000	173,000	194,000	-	-	-	-	-	-	-
Other investing activities, net
-42,000	-50,000	-41,000	-23,000	-40,000	-	-	-	-	-	-	-
Net cash used in investing activities
135,000	99,000	140,000	142,000	197,000	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	44,000	180,000	61,000	-	-	-	-	-	-	-
Principal payments on long-term debt and nonrecourse debt
51,000	126,000	137,000	203,000	256,000	-	-	-	-	-	-	-
Dividends paid
50,000	50,000	-	29,000	63,000	-	-	-	-	-	-	-
Other financing activities, net
-12,000	-	-1,000	1,000	-1,000	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-113,000	-176,000	-94,000	-51,000	-259,000	-	-	-	-	-	-	-
Net increase (decrease) in cash and equivalents
56,000	-63,000	22,000	102,000	-32,000	-	-	-	-	-	-	-