Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Current Assets

RTX Corp., adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current assets 51,133 48,417 42,443 42,050 43,376
Adjustments
Add: Allowance for expected credit losses 289 316 452 475 546
After Adjustment
Adjusted current assets 51,422 48,733 42,895 42,525 43,922

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Adjustments to Total Assets

RTX Corp., adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total assets 162,861 161,869 158,864 161,404 162,153
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for expected credit losses 289 316 452 475 546
After Adjustment
Adjusted total assets 163,150 162,185 159,316 161,879 162,699

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »


Adjustments to Total Liabilities

RTX Corp., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total liabilities 100,903 100,424 84,650 86,705 88,269
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Future income taxes payable2 2,852 3,015 3,579 5,010 4,493
After Adjustment
Adjusted total liabilities 98,051 97,409 81,071 81,695 83,776

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Future income taxes payable. See details »


Adjustments to Stockholders’ Equity

RTX Corp., adjusted shareowners’ equity

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Shareowners’ equity 60,156 59,798 72,632 73,068 72,163
Adjustments
Less: Future income tax benefits and payable, net1 (2,852) (3,015) (3,579) (5,010) (4,493)
Add: Allowance for expected credit losses 289 316 452 475 546
Add: Redeemable noncontrolling interest 35 35 36 35 32
Add: Noncontrolling interest 1,767 1,612 1,546 1,596 1,689
After Adjustment
Adjusted total equity 65,099 64,776 78,245 80,184 78,923

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Future income tax benefits and payable, net. See details »


Adjustments to Capitalization Table

RTX Corp., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Short-term borrowings 183 189 625 134 247
Long-term debt currently due 2,352 1,283 595 24 550
Long-term debt, excluding currently due 38,726 42,355 30,694 31,327 31,026
Total reported debt 41,261 43,827 31,914 31,485 31,823
Shareowners’ equity 60,156 59,798 72,632 73,068 72,163
Total reported capital 101,417 103,625 104,546 104,553 103,986
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Operating lease liabilities, current (included in Other accrued liabilities)2 367 348 356 411 482
Add: Operating lease liabilities, non-current3 1,632 1,412 1,586 1,657 1,516
Adjusted total debt 43,260 45,587 33,856 33,553 33,821
Adjustments to Equity
Less: Future income tax benefits and payable, net4 (2,852) (3,015) (3,579) (5,010) (4,493)
Add: Allowance for expected credit losses 289 316 452 475 546
Add: Redeemable noncontrolling interest 35 35 36 35 32
Add: Noncontrolling interest 1,767 1,612 1,546 1,596 1,689
Adjusted total equity 65,099 64,776 78,245 80,184 78,923
After Adjustment
Adjusted total capital 108,359 110,363 112,101 113,737 112,744

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liabilities, current (included in Other accrued liabilities). See details »

3 Operating lease liabilities, non-current. See details »

4 Future income tax benefits and payable, net. See details »


Adjustments to Reported Income

RTX Corp., adjusted net income (loss) attributable to common shareowners

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Net income (loss) attributable to common shareowners 4,774 3,195 5,197 3,864 (3,519)
Adjustments
Add: Deferred income tax expense (benefit)1 (47) (402) (1,663) (88) (99)
Add: Increase (decrease) in allowance for expected credit losses (27) (136) (23) (71) 292
Less: Loss from discontinued operations (19) (33) (367)
Add: Other comprehensive income (loss), net of tax (1,336) (401) (103) 1,819 2,540
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest 239 185 111 248 224
After Adjustment
Adjusted net income (loss) 3,603 2,441 3,538 5,805 (195)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Deferred income tax expense (benefit). See details »