RTX (RTX) FY2021 results: revenue $64.4 billion, up 13.8% on the year
RTX Corp. (RTX) reported revenue of $64.4 billion for fiscal 2021, the year ended 31 December 2021, up 13.8% on the year before. Net income was $3.9 billion, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$64.4 billion
+13.8% on the year
FY2014FY2021
Operating margin
8.0%
-3.3% a year earlier
FY2014FY2021
Net income
$3.9 billion
FY2014FY2021
Diluted EPS
$2.56
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,071
3,606
8,883
+96.1%
Capital expenditure
2,134
1,795
1,868
+18.9%
Free cash flow
4,937
1,811
7,015
+172.6%
Free cash flow margin
7.7%
3.2%
15.5%
Cash from investing
n/a
3,343
-2,676
Cash from financing
n/a
-3,860
-1,913
Depreciation and amortisation
4,557
4,156
2,708
+9.6%
Share-based compensation
442
330
268
+33.9%
Buybacks
2,327
47.0
151
+4,851.1%
Dividends paid
2,957
2,732
2,442
+8.2%
Dividend per share
$2.00
$2.16
$2.94
-7.2%
Diluted shares, weighted
1,508m
1,358m
864m
+11.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
73,068
72,163
41,774
+1.3%
Non-controlling interest
1,596
1,689
2,457
-5.5%
Redeemable equity
35.0
32.0
95.0
+9.4%
Short-term borrowings
134
n/a
n/a
Debt
31,351
31,823
43,252
-1.5%
Operating lease liabilities
1,657
1,516
1,093
+9.3%
Other liabilities
53,563
54,930
51,045
-2.5%
Total liabilities and equity
161,404
162,153
139,716
-0.5%
Fixed assets
14,972
14,962
10,322
+0.1%
Goodwill
54,436
54,285
36,609
+0.3%
Intangible assets
38,516
40,539
24,473
-5.0%
Investments
965
881
0.0
+9.5%
Cash and equivalents
7,832
8,802
4,937
-11.0%
Receivables
9,661
9,254
8,743
+4.4%
Inventory
9,178
9,411
9,047
-2.5%
Other assets
25,844
24,019
45,585
+7.6%
Total assets
161,404
162,153
139,716
-0.5%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.