RTX (RTX) FY2012 results: revenue $57.7 billion, up 3.5% on the year
RTX Corp. (RTX) reported revenue of $57.7 billion for fiscal 2012, the year ended 31 December 2012, up 3.5% on the year before. Net income was $5.1 billion, up 3.0%, and diluted earnings per share $5.66. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2013.
Revenue
$57.7 billion
+3.5% on the year
FY2007FY2012
Operating margin
13.3%
14.1% a year earlier
FY2007FY2012
Net income
$5.1 billion
+3.0% on the year
FY2007FY2012
Diluted EPS
$5.66
+3.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
57,708
55,754
52,275
+3.5%
Cost of revenue
42,153
40,369
37,954
+4.4%
Gross profit
15,555
15,385
14,321
+1.1%
Gross margin
27.0%
27.6%
27.4%
Research and development
2,371
1,951
1,656
+21.5%
Selling, general and administrative
6,452
6,161
5,798
+4.7%
Operating income
7,684
7,846
6,898
-2.1%
Operating margin
13.3%
14.1%
13.2%
Pre-tax income
6,911
7,350
6,248
-6.0%
Income tax
1,711
2,134
1,725
-19.8%
Effective tax rate
24.8%
29.0%
27.6%
Net income
5,130
4,979
4,373
+3.0%
Net margin
8.9%
8.9%
8.4%
Diluted EPS
$5.66
$5.49
$4.74
+3.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,605
6,460
5,720
+2.2%
Capital expenditure
1,389
929
838
+49.5%
Free cash flow
5,216
5,531
4,882
-5.7%
Free cash flow margin
9.0%
9.9%
9.3%
Cash from investing
-18,795
-672
-3,150
Cash from financing
8,021
-3,983
-3,140
Depreciation and amortisation
1,524
1,263
1,300
+20.7%
Share-based compensation
210
221
148
-5.0%
Buybacks
0.0
2,175
2,200
Dividends paid
1,752
1,602
1,482
+9.4%
Dividend per share
$2.03
$1.86
$1.70
+8.8%
Diluted shares, weighted
907m
907m
923m
-0.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
25,914
21,880
21,385
+18.4%
Non-controlling interest
1,155
940
947
+22.9%
Redeemable equity
238
n/a
n/a
Debt
23,221
10,260
10,289
+126.3%
Other liabilities
38,881
28,372
25,872
+37.0%
Total liabilities and equity
89,409
61,452
58,493
+45.5%
Fixed assets
8,518
6,201
6,280
+37.4%
Goodwill
27,801
17,943
17,721
+54.9%
Intangible assets
15,189
3,918
4,060
+287.7%
Receivables
11,099
9,546
8,925
+16.3%
Inventory
9,537
7,797
7,766
+22.3%
Other assets
17,265
16,047
13,741
+7.6%
Total assets
89,409
61,452
58,493
+45.5%
10-K for the year ended 31 December 2012, filed 7 February 2013: the filing.