RTX (RTX) FY2022 results: revenue $67.1 billion, up 4.2% on the year
RTX Corp. (RTX) reported revenue of $67.1 billion for fiscal 2022, the year ended 31 December 2022, up 4.2% on the year before. Net income was $5.2 billion, up 34.5%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$67.1 billion
+4.2% on the year
FY2015FY2022
Operating margin
8.2%
8.0% a year earlier
FY2015FY2022
Net income
$5.2 billion
+34.5% on the year
FY2015FY2022
Diluted EPS
$3.50
+36.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
7,168
7,071
3,606
+1.4%
Capital expenditure
2,288
2,134
1,795
+7.2%
Free cash flow
4,880
4,937
1,811
-1.2%
Free cash flow margin
7.3%
7.7%
3.2%
Cash from investing
-2,829
n/a
3,343
Cash from financing
-5,859
n/a
-3,860
Depreciation and amortisation
4,108
4,557
4,156
-9.9%
Share-based compensation
420
442
330
-5.0%
Buybacks
2,803
2,327
47.0
+20.5%
Dividends paid
3,128
2,957
2,732
+5.8%
Dividend per share
$2.16
$2.00
$2.16
+7.7%
Diluted shares, weighted
1,486m
1,508m
1,358m
-1.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
72,632
73,068
72,163
-0.6%
Non-controlling interest
1,546
1,596
1,689
-3.1%
Redeemable equity
36.0
35.0
32.0
+2.9%
Short-term borrowings
n/a
134
n/a
Debt
31,914
31,351
31,823
+1.8%
Operating lease liabilities
1,586
1,657
1,516
-4.3%
Other liabilities
51,150
53,563
54,930
-4.5%
Total liabilities and equity
158,864
161,404
162,153
-1.6%
Fixed assets
15,170
14,972
14,962
+1.3%
Goodwill
53,840
54,436
54,285
-1.1%
Intangible assets
36,823
38,516
40,539
-4.4%
Investments
774
965
881
-19.8%
Cash and equivalents
6,220
7,832
8,802
-20.6%
Receivables
9,108
9,661
9,254
-5.7%
Inventory
10,617
9,178
9,411
+15.7%
Other assets
26,312
25,844
24,019
+1.8%
Total assets
158,864
161,404
162,153
-1.6%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.