Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

RTX Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 3, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 6,682 6,011 5,607 6,587 5,456 5,391 5,893 6,220 5,381 4,767 6,040 7,832 7,476 8,051 8,579 8,802 10,001 6,975 8,001 7,378 7,341 6,819 6,240
Accounts receivable, net 10,097 10,252 10,280 10,838 10,058 9,903 10,069 9,108 9,233 10,394 9,076 9,661 9,538 8,912 10,037 9,254 10,115 9,496 13,104 13,524 13,607 13,695 13,574
Contract assets 14,684 13,581 13,104 12,139 12,696 12,970 12,729 11,534 12,297 11,836 11,566 11,361 10,899 10,485 10,238 9,931 9,617 9,943 4,549 4,184 4,316 4,334 3,795
Inventory, net 13,465 13,047 12,386 11,777 12,050 11,997 11,327 10,617 10,443 10,142 9,749 9,178 9,426 9,548 9,498 9,411 9,843 10,256 11,506 10,950 11,242 10,934 10,474
Other assets, current 6,836 6,334 6,646 7,076 6,258 5,654 5,486 4,964 4,467 4,323 4,309 4,018 4,653 3,883 4,200 5,978 3,935 5,604 1,715 1,461 1,310 1,276 1,319
Current assets 51,764 49,225 48,023 48,417 46,518 45,915 45,504 42,443 41,821 41,462 40,740 42,050 41,992 40,879 42,552 43,376 43,511 42,274 38,875 37,497 37,816 37,058 35,402
Customer financing assets 2,306 2,320 2,359 2,392 2,452 2,457 2,543 2,603 2,618 2,675 2,766 2,848 2,960 3,063 3,079 3,144 3,314 3,363 3,496 3,477 3,372 3,293 3,182
Future income tax benefits 699 732 1,444 1,611 1,699 1,712 1,703
Fixed assets 32,711 32,062 31,623 31,392 30,554 30,175 29,536 29,116 28,201 27,990 27,815 27,637 27,116 26,959 26,554 26,346 25,600 25,118 25,544 25,686 24,649 24,689 24,351
Accumulated depreciation (16,825) (16,369) (15,985) (15,644) (15,207) (14,880) (14,387) (13,946) (13,533) (13,249) (12,978) (12,665) (12,599) (12,294) (11,812) (11,384) (10,870) (10,313) (13,060) (12,931) (12,449) (12,397) (12,141)
Fixed assets, net 15,886 15,693 15,638 15,748 15,347 15,295 15,149 15,170 14,668 14,741 14,837 14,972 14,517 14,665 14,742 14,962 14,730 14,805 12,484 12,755 12,200 12,292 12,210
Operating lease right-of-use assets 1,846 1,664 1,639 1,638 1,755 1,812 1,844 1,829 1,802 1,866 1,911 1,958 1,876 1,900 1,913 1,880 2,027 2,102 2,624 2,599 2,556 2,740 2,533
Goodwill 53,759 53,347 53,644 53,699 53,883 54,122 53,904 53,840 53,168 53,806 54,316 54,436 53,789 54,394 54,265 54,285 53,524 53,269 47,481 48,063 48,041 48,358 48,392
Intangible assets, net 34,159 34,503 34,960 35,399 35,865 36,234 36,477 36,823 37,046 37,562 38,118 38,516 38,842 39,523 39,999 40,539 41,564 42,003 25,600 26,046 25,686 25,963 26,280
Other assets 5,102 4,417 3,924 4,576 6,623 6,326 6,215 6,156 7,102 6,905 6,678 6,624 4,796 4,414 4,058 3,967 3,030 2,969 7,568 7,668 7,639 7,574 7,678
Long-term assets 113,058 111,944 112,164 113,452 115,925 116,246 116,132 116,421 116,404 117,555 118,626 119,354 116,780 117,959 118,056 118,777 118,888 119,243 100,697 102,219 101,193 101,932 101,978
Total assets 164,822 161,169 160,187 161,869 162,443 162,161 161,636 158,864 158,225 159,017 159,366 161,404 158,772 158,838 160,608 162,153 162,399 161,517 139,572 139,716 139,009 138,990 137,380

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-03), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. RTX Corp. current assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Fixed assets, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. RTX Corp. fixed assets, net increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. RTX Corp. long-term assets decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. RTX Corp. total assets increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. RTX Corp. cash and cash equivalents increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. RTX Corp. accounts receivable, net decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Inventory, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. RTX Corp. inventory, net increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.