Raytheon technologies corporation (UTX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Net Sales:
Revenues

77,046

66,501

59,837

57,244

56,098

57,900

56,600

57,708

55,754

52,275

52,425

59,119

55,716

Costs and Expenses:
Research and development

3,015

2,462

2,427

2,376

2,279

2,475

2,342

2,371

1,951

1,656

1,558

1,771

1,678

Selling, general and administrative

8,521

7,066

6,429

5,958

5,886

6,172

6,364

6,452

6,161

5,798

6,036

6,724

6,109

Total costs and expenses

68,601

59,513

53,057

49,805

48,596

49,545

49,174

50,976

48,481

45,408

46,455

-

-

Other income, net

521

1,565

1,358

782

211

1,238

1,123

952

573

31

407

522

840

Operating Income (Loss)

8,966

8,553

8,138

8,221

7,291

9,593

8,549

7,684

7,846

6,898

6,377

7,509

7,050

Non-service pension cost (benefit)

-888

-765

-534

49

-

-

-

-

-

-

-

-

-

Interest expense, net

1,611

1,038

909

1,039

824

881

-895

-773

-496

-650

-617

-573

666

Income from operations before income taxes

8,243

8,280

7,763

7,133

6,467

8,712

7,654

6,911

7,350

6,248

5,760

6,936

6,384

Income tax expense

2,295

2,626

2,843

1,697

2,111

2,244

1,999

1,711

2,134

1,725

1,581

1,883

1,836

Net Income from operations

5,948

5,654

4,920

5,436

4,356

6,468

5,655

5,200

5,216

4,523

-

-

-

Less: Noncontrolling interest in subsidiaries' earnings from operations

411

385

368

371

360

402

390

353

385

-

-

-

-

Income from continuing operations attributable to common shareowners

-

-

-

5,065

3,996

6,066

5,265

4,847

4,831

4,195

-

-

-

Income from operations

-

-

-

1

252

175

721

-998

255

290

-

-

-

Gain on disposal

-

-

-

13

6,042

0

33

-2,030

0

0

-

-

-

Income tax expense

-

-

-

24

2,684

20

234

742

97

102

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-10

3,610

155

454

290

158

188

-

-

-

Less: Noncontrolling interest in subsidiaries' earnings (loss) from discontinued operations

-

-

-

-

-2

1

-2

7

10

338

350

364

324

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-10

3,612

154

456

283

148

178

-

-

-

Net income

-

-

-

-

-

-

-

-

-

4,711

4,179

5,053

4,548

Net income attributable to common shareowners

5,537

5,269

4,552

5,055

7,608

6,220

5,721

5,130

4,979

4,373

3,829

4,689

4,224

Earnings Per Share of Common Stock - Basic:
Net income from continuing operations attributable to common shareowners

-

-

-

6.19

4.58

6.75

5.84

5.41

5.41

4.62

-

-

-

Net income attributable to common shareowners

6.48

6.58

5.76

6.18

8.72

6.92

6.35

5.73

5.58

4.82

4.17

5.00

4.38

Earnings Per Share of Common Stock - Diluted:
Net income from continuing operations attributable to common shareowners

-

-

-

6.13

4.53

6.65

5.75

5.35

5.33

4.55

-

-

-

Net income attributable to common shareowners

6.41

6.50

5.70

6.12

8.61

6.82

6.25

5.66

5.49

4.74

4.12

4.90

4.27

Dividends Per Share of Common Stock

2.94

2.84

2.72

2.62

2.56

2.36

2.19

2.03

1.86

1.70

1.54

1.35

1.17

Basic shares

854

800

790

818

872

898

901

895

892

907

917

937

964

Diluted shares

863

810

799

826

883

911

915

906

906

922

928

956

989

Product [Member]
Revenues

54,004

45,434

41,361

40,735

39,801

41,545

40,500

40,729

38,882

36,615

37,332

43,234

40,182

Cost of Products and Services Sold

42,444

36,754

31,224

30,304

29,771

30,367

30,051

31,094

29,252

27,513

28,905

32,833

30,869

Service [Member]
Revenues

23,042

21,067

18,476

16,509

16,297

16,355

16,100

16,979

16,872

15,660

15,093

15,885

14,694

Cost of Products and Services Sold

14,621

13,231

12,977

11,167

10,660

10,531

10,417

11,059

11,117

10,441

9,956

10,804

10,010