Cash flow Textron Inc.

Equities

TXT

US8832031012

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
87.70 ^USD	+0.89%		+2.32%	+9.05%

Sep. 05	Transcript : Textron Inc. Presents at Gabelli Funds 30th Annual Aerospace & Defense Symposium, Sep-05-2024 09:30 AM
Aug. 08	TRU Simulation Delivers Cessna Citation Longitude Full-Flight Simulator to Flightsafety International	CI

70017.JAiuiJ-PBel8hXVNy8XD5KuvAngrhUJSWF4aDsorBW4.XUTlpcrkV5A-yx8p8vCshp_DTDZ90ihnDBtRPvobQihNYv_4p79kmkTmIA

Published financial data: TEXTRON INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	13.56B	11.6B	12.33B	12.82B	13.63B
Finance Div. Revenues	66M	55M	49M	52M	55M
Total Revenues	13.63B	11.65B	12.38B	12.87B	13.68B
Cost of Goods Sold, Total	11.41B	10.04B	10.3B	10.8B	11.4B
Interest Expense - Finance Division	25M	21M	18M	13M	15M
Gross Profit	2.2B	1.59B	2.07B	2.06B	2.26B
Selling General & Admin Expenses, Total	1.04B	962M	1.06B	946M	988M
Other Operating Expenses, Total	1.04B	962M	1.06B	946M	988M
Operating Income	1.16B	629M	1B	1.11B	1.28B
Interest Expense, Total	-146M	-145M	-124M	-94M	-62M
Net Interest Expenses	-146M	-145M	-124M	-94M	-62M
EBT, Excl. Unusual Items	1.01B	484M	881M	1.02B	1.21B
Restructuring Charges	-67M	-163M	-25M	-	-126M
Merger & Related Restructuring Charges	-5M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	17M	-	-
Asset Writedown	-	-39M	-	-	-
EBT, Incl. Unusual Items	942M	282M	873M	1.02B	1.09B
Income Tax Expense	127M	-27M	126M	154M	165M
Earnings From Continuing Operations	815M	309M	747M	862M	922M
Earnings Of Discontinued Operations	-	-	-1M	-1M	-1M
Net Income to Company	815M	309M	746M	861M	921M
Net Income - (IS)	815M	309M	746M	861M	921M
Net Income to Common Incl Extra Items	815M	309M	746M	861M	921M
Net Income to Common Excl. Extra Items	815M	309M	747M	862M	922M
Per Share Items
Net EPS - Basic	3.52	1.35	3.33	4.05	4.61
Basic EPS - Continuing Operations	3.52	1.35	3.33	4.05	4.62
Basic Weighted Average Shares Outstanding	231M	229M	224M	213M	200M
Net EPS - Diluted	3.5	1.35	3.3	4.01	4.57
Diluted EPS - Continuing Operations	3.5	1.35	3.3	4.01	4.57
Diluted Weighted Average Shares Outstanding	233M	229M	227M	215M	202M
Normalized Basic EPS	2.74	1.32	2.46	2.98	3.8
Normalized Diluted EPS	2.72	1.32	2.43	2.95	3.76
Dividend Per Share	0.08	0.08	0.08	0.08	0.08
Payout Ratio	2.21	5.83	2.41	1.97	1.74
Supplemental Items
EBITDA	1.58B	1.02B	1.4B	1.51B	1.67B
EBITA	1.22B	683M	1.06B	1.16B	1.31B
EBIT	1.16B	629M	1B	1.11B	1.28B
EBITDAR	1.64B	1.08B	1.46B	1.58B	1.74B
Total Revenues (As Reported)	13.63B	11.65B	12.38B	12.87B	13.68B
Effective Tax Rate - (Ratio)	13.48	-9.57	14.43	15.16	15.18
Current Domestic Taxes	-32M	-77M	56M	305M	285M
Current Foreign Taxes	70M	57M	47M	69M	72M
Total Current Taxes	38M	-20M	103M	374M	357M
Deferred Domestic Taxes	92M	8M	25M	-211M	-180M
Deferred Foreign Taxes	-3M	-15M	-2M	-9M	-12M
Total Deferred Taxes	89M	-7M	23M	-220M	-192M
Normalized Net Income	634M	302M	551M	635M	758M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	-115M	-85M	-157M	-237M	-234M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	647M	549M	619M	601M	570M
Net Rental Expense, Total	64M	61M	66M	69M	69M
Imputed Operating Lease Interest Expense	23.1M	18.96M	17.17M	14.56M	9.16M
Imputed Operating Lease Depreciation	40.9M	42.04M	48.83M	54.44M	59.84M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	52M	57M	138M	66M	94M
Total Stock-Based Compensation	52M	57M	138M	66M	94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.18B	2.15B	1.92B	1.96B	2.12B
Total Cash And Short Term Investments	1.18B	2.15B	1.92B	1.96B	2.12B
Accounts Receivable, Total	1.49B	1.35B	1.56B	1.54B	1.38B
Total Receivables	1.49B	1.35B	1.56B	1.54B	1.38B
Inventory	4.07B	3.51B	3.47B	3.55B	3.91B
Finance Division Loans and Leases Current	682M	744M	605M	563M	585M
Finance Division Other Current Assets, Total	176M	108M	195M	72M	60M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	327M	389M	301M	353M	344M
Total Current Assets	7.92B	8.25B	8.05B	8.04B	8.4B
Gross Property Plant And Equipment	7.21B	7.56B	7.8B	7.98B	8.1B
Accumulated Depreciation	-4.4B	-4.7B	-4.89B	-5.08B	-5.25B
Net Property Plant And Equipment	2.8B	2.86B	2.91B	2.9B	2.85B
Goodwill	2.15B	2.16B	2.15B	2.28B	2.3B
Finance Division Other Long-Term Assets, Total	106M	86M	67M	29M	16M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.04B	2.09B	2.65B	3.05B	3.29B
Total Assets	15.02B	15.44B	15.83B	16.29B	16.86B
Liabilities
Accounts Payable, Total	1.38B	776M	786M	1.02B	1.02B
Accrued Expenses, Total	362M	381M	477M	414M	466M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	559M	507M	6M	7M	357M
Current Portion of Leases	50M	49M	56M	54M	55M
Finance Division Debt Current	167M	13M	263M	13M	8M
Unearned Revenue Current, Total	715M	758M	1.1B	1.42B	1.6B
Other Current Liabilities	782M	799M	706M	761M	882M
Total Current Liabilities	4.01B	3.28B	3.4B	3.68B	4.39B
Long-Term Debt	2.52B	3.16B	3.18B	3.18B	3.17B
Long-Term Leases	273M	344M	325M	326M	326M
Finance Division Debt Non Current	519M	649M	319M	362M	340M
Finance Division Other Non Current Liabilities, Total	117M	111M	110M	81M	70M
Pension & Other Post Retirement Benefits	1.15B	1.15B	673M	-	452M
Deferred Tax Liability Non Current	4M	19M	49M	52M	56M
Other Non Current Liabilities	897M	884M	958M	1.5B	1.07B
Total Liabilities	9.5B	9.6B	9.01B	9.18B	9.87B
Common Stock, Total	29M	29M	28M	26M	24M
Additional Paid In Capital	1.67B	1.78B	1.86B	1.88B	1.91B
Retained Earnings	5.68B	5.97B	5.87B	5.9B	5.86B
Treasury Stock	-20M	-203M	-157M	-84M	-165M
Comprehensive Income and Other	-1.85B	-1.74B	-789M	-612M	-644M
Total Common Equity	5.52B	5.84B	6.82B	7.11B	6.99B
Total Equity	5.52B	5.84B	6.82B	7.11B	6.99B
Total Liabilities And Equity	15.02B	15.44B	15.83B	16.29B	16.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	228M	226M	217M	205M	193M
ECS Total Common Shares Outstanding	228M	226M	217M	206M	193M
Book Value / Share	24.21	25.82	31.42	34.5	36.22
Tangible Book Value	3.37B	3.69B	4.67B	4.83B	4.69B
Tangible Book Value Per Share	14.77	16.29	21.51	23.43	24.32
Total Debt	4.09B	4.72B	4.15B	3.94B	4.26B
Net Debt	2.91B	2.58B	2.23B	1.97B	2.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	809M	753M	-608M	-1.1B	-1.21B
Debt Equivalent Oper. Leases	512M	488M	528M	552M	552M
Account Code - Inventory Valuation	6	6	6	4	5
LIFO Reserve, Total	-475M	-507M	-523M	-594M	-701M
Inventories - Raw Materials, Total	896M	830M	849M	1.02B	1.11B
Inventories - Work In Process, Total	1.62B	1.46B	1.55B	1.54B	1.74B
Inventories - Finished Goods, Total	1.56B	1.23B	1.07B	991M	1.07B
Inventories - Others	-	-	-	-	-
Land - (BS)	1.99B	2.03B	2.1B	2.14B	2.23B
Machinery, Total	4.94B	5.18B	5.33B	5.47B	5.5B
Full Time Employees	35K	33K	33K	34K	35K
Accumulated Allowance for Doubtful Accounts (Supple)	29M	36M	24M	24M	26M
Order Backlog	9.83B	9.5B	10.14B	13.27B	13.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	815M	309M	746M	861M	921M
Depreciation & Amortization - CF	357M	337M	339M	345M	356M
Amortization of Goodwill and Intangible Assets - (CF)	59M	54M	51M	52M	39M
Depreciation & Amortization, Total	416M	391M	390M	397M	395M
(Gain) Loss From Sale Of Asset	-	-	-17M	-	-
Asset Writedown & Restructuring Costs	15M	116M	13M	2M	88M
Net Cash From Discontinued Operations	-2M	-1M	-1M	-2M	-1M
Other Operating Activities, Total	168M	88M	114M	-117M	-99M
Change In Accounts Receivable	99M	149M	-58M	-26M	-9M
Change In Inventories	-292M	434M	45M	-55M	-359M
Change In Accounts Payable	280M	-613M	13M	235M	2M
Change In Income Taxes	-83M	-62M	11M	18M	4M
Change in Other Net Operating Assets	-402M	-43M	342M	175M	324M
Cash from Operations	1.01B	768M	1.6B	1.49B	1.27B
Capital Expenditure	-339M	-317M	-375M	-354M	-402M
Sale of Property, Plant, and Equipment	-	-	-	22M	18M
Cash Acquisitions	-2M	-15M	-	-202M	-1M
Divestitures	-	-	38M	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	48M	22M	19M	20M	26M
Other Investing Activities, Total	27M	62M	37M	67M	42M
Cash from Investing	-266M	-248M	-281M	-447M	-317M
Short Term Debt Issued, Total	-	377M	-	-	-
Long-Term Debt Issued, Total	301M	1.14B	-	-	348M
Total Debt Issued	301M	1.51B	-	-	348M
Short Term Debt Repaid, Total	-	-377M	-	-14M	-
Long-Term Debt Repaid, Total	-303M	-593M	-621M	-234M	-44M
Total Debt Repaid	-303M	-970M	-621M	-248M	-44M
Issuance of Common Stock	24M	22M	116M	44M	73M
Repurchase of Common Stock	-503M	-183M	-921M	-867M	-1.17B
Common Dividends Paid	-18M	-18M	-18M	-17M	-16M
Common & Preferred Stock Dividends Paid	-18M	-18M	-18M	-17M	-16M
Other Financing Activities, Total	-3M	-5M	-2M	-3M	-6M
Cash from Financing	-502M	360M	-1.45B	-1.09B	-813M
Foreign Exchange Rate Adjustments	4M	17M	-8M	-32M	10M
Net Change in Cash	250M	897M	-137M	-82M	146M
Supplemental Items
Cash Interest Paid	161M	159M	145M	123M	122M
Cash Income Tax Paid (Refund)	121M	42M	93M	356M	352M
Levered Free Cash Flow	684M	564M	1.3B	1.34B	999M
Unlevered Free Cash Flow	775M	654M	1.38B	1.4B	1.04B
Change In Net Working Capital	79M	-130M	-601M	-599M	-154M
Net Debt Issued / Repaid	-2M	544M	-621M	-248M	304M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.95	2.58	4.02	4.32	4.81
Return on Total Capital	7.8	3.9	5.83	6.3	7.15
Return On Equity %	15.22	5.44	11.8	12.38	13.08
Return on Common Equity	15.22	5.44	11.8	12.38	13.08
Margin Analysis
Gross Profit Margin %	16.13	13.66	16.69	15.98	16.54
SG&A Margin	7.62	8.26	8.58	7.35	7.22
EBITDA Margin %	11.56	8.75	11.27	11.71	12.2
EBITA Margin %	8.94	5.86	8.53	9.03	9.6
EBIT Margin %	8.51	5.4	8.12	8.63	9.32
Income From Continuing Operations Margin %	5.98	2.65	6.03	6.7	6.74
Net Income Margin %	5.98	2.65	6.02	6.69	6.73
Net Avail. For Common Margin %	5.98	2.65	6.03	6.7	6.74
Normalized Net Income Margin	4.65	2.6	4.45	4.93	5.54
Levered Free Cash Flow Margin	5.02	4.84	10.54	10.44	7.3
Unlevered Free Cash Flow Margin	5.69	5.61	11.16	10.89	7.59
Asset Turnover
Asset Turnover	0.93	0.76	0.79	0.8	0.83
Fixed Assets Turnover	5.03	4.11	4.29	4.43	4.77
Receivables Turnover (Average Receivables)	9.12	8.18	8.5	8.3	9.35
Inventory Turnover (Average Inventory)	2.89	2.65	2.95	3.08	3.06
Short Term Liquidity
Current Ratio	1.97	2.51	2.37	2.18	1.92
Quick Ratio