Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

RTX Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss) from continuing operations	3,380)	5,327)	4,145)	(2,928)	5,948)
Depreciation and amortization	4,211)	4,108)	4,557)	4,156)	3,783)
Deferred income tax provision (benefit)	(402)	(1,663)	(88)	(99)	35)
Stock compensation cost	425)	420)	442)	330)	356)
Net periodic pension and other postretirement income	(1,555)	(1,413)	(1,414)	(413)	(525)
Debt extinguishment costs	—)	—)	649)	—)	—)
Goodwill impairment charge	—)	—)	—)	3,183)	—)
Portfolio separation tax cost	—)	—)	—)	—)	634)
Accounts receivable	(1,805)	437)	(570)	1,318)	419)
Contract assets	(753)	(234)	(1,594)	63)	(307)
Inventory	(1,104)	(1,575)	163)	412)	(1,216)
Other current assets	(1,161)	(1,027)	(566)	(445)	(309)
Accounts payable and accrued liabilities	4,016)	2,075)	917)	(1,666)	1,229)
Contract liabilities	2,322)	846)	1,372)	1,129)	359)
Income taxes	—)	—)	—)	—)	(406)
Change in operating capital	1,515)	522)	(278)	811)	(231)
Canadian government settlement	—)	—)	—)	—)	(38)
Other operating activities, net	309)	(133)	(871)	(706)	(1,079)
Adjustments to reconcile income (loss) from continuing operations to net cash flows provided by operating activities	4,503)	1,841)	2,997)	7,262)	2,935)
Net cash flows provided by operating activities	7,883)	7,168)	7,142)	4,334)	8,883)
Capital expenditures	(2,415)	(2,288)	(2,134)	(1,795)	(2,256)
Payments on customer financing assets	(117)	(150)	(231)	(280)	(787)
Receipts from customer financing assets	212)	179)	389)	368)	129)
Investments in businesses	—)	(66)	(1,088)	(419)	(56)
Cash acquired in Raytheon merger	—)	—)	—)	3,208)	—)
Dispositions of businesses, net of cash transferred	6)	94)	1,879)	2,556)	138)
Increase in other intangible assets	(751)	(487)	(308)	(312)	(351)
(Payments) receipts from settlements of derivative contracts, net	14)	(205)	(16)	(32)	336)
Other investing activities, net	12)	94)	145)	49)	(245)
Net cash flows (used in) provided by investing activities	(3,039)	(2,829)	(1,364)	3,343)	(3,092)
Proceeds from long-term debt	12,914)	1)	4,062)	2,004)	88)
Distribution from discontinued operation	—)	—)	—)	17,207)	—)
Repayment of long-term debt	(578)	(3)	(4,254)	(16,082)	(2,830)
Proceeds from bridge loan	10,000)	—)	—)	—)	—)
Repayment of bridge loan	(10,000)	—)	—)	—)	—)
Debt extinguishment costs	—)	—)	(649)	—)	—)
Change in commercial paper, net	(524)	518)	(160)	160)	—)
Change in other short-term borrowings, net	87)	(29)	47)	(2,201)	927)
Dividends paid on common stock	(3,239)	(3,128)	(2,957)	(2,732)	(2,442)
Repurchase of common stock	(12,870)	(2,803)	(2,327)	(47)	(151)
Net transfer to discontinued operations	—)	—)	(71)	(2,033)	—)
Other financing activities, net	(317)	(415)	(447)	(136)	(156)
Net cash flows used in financing activities	(4,527)	(5,859)	(6,756)	(3,860)	(4,564)
Net cash used in operating activities	—)	—)	(71)	(728)	—)
Net cash used in investing activities	—)	—)	—)	(241)	—)
Net cash provided by (used in) financing activities	—)	—)	71)	(1,414)	—)
Net cash used in discontinued operations	—)	—)	—)	(2,383)	—)
Effect of foreign exchange rate changes on cash and cash equivalents	18)	(42)	(1)	(22)	(19)
Net increase (decrease) in cash, cash equivalents and restricted cash	335)	(1,562)	(979)	1,412)	1,208)
Cash, cash equivalents and restricted cash, beginning of year	6,291)	7,853)	8,832)	7,420)	6,212)
Cash, cash equivalents and restricted cash, end of year	6,626)	6,291)	7,853)	8,832)	7,420)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash flows provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	RTX Corp. net cash flows provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash flows (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	RTX Corp. net cash flows (used in) provided by investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash flows used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	RTX Corp. net cash flows used in financing activities increased from 2021 to 2022 and from 2022 to 2023.

RTX Corp. (NYSE:RTX)

Cash Flow Statement