RTX (RTX) FY2023 results: revenue $68.9 billion, up 2.8% on the year
RTX Corp. (RTX) reported revenue of $68.9 billion for fiscal 2023, the year ended 31 December 2023, up 2.8% on the year before. Net income was $3.2 billion, down 38.5%, and diluted earnings per share $2.23. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2024.
Revenue
$68.9 billion
+2.8% on the year
FY2016FY2023
Operating margin
5.2%
8.2% a year earlier
FY2016FY2023
Net income
$3.2 billion
-38.5% on the year
FY2016FY2023
Diluted EPS
$2.23
-36.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
7,883
7,168
7,071
+10.0%
Capital expenditure
2,415
2,288
2,134
+5.6%
Free cash flow
5,468
4,880
4,937
+12.0%
Free cash flow margin
7.9%
7.3%
7.7%
Cash from investing
-3,039
-2,829
n/a
Cash from financing
-4,527
-5,859
n/a
Depreciation and amortisation
4,211
4,108
4,557
+2.5%
Share-based compensation
425
420
442
+1.2%
Buybacks
12,870
2,803
2,327
+359.2%
Dividends paid
3,239
3,128
2,957
+3.5%
Dividend per share
$2.32
$2.16
$2.00
+7.4%
Diluted shares, weighted
1,435m
1,486m
1,508m
-3.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
59,798
72,632
73,068
-17.7%
Non-controlling interest
1,612
1,546
1,596
+4.3%
Redeemable equity
35.0
36.0
35.0
-2.8%
Short-term borrowings
189
n/a
134
Debt
43,638
31,914
31,351
+36.7%
Operating lease liabilities
1,412
1,586
1,657
-11.0%
Other liabilities
55,185
51,150
53,563
+7.9%
Total liabilities and equity
161,869
158,864
161,404
+1.9%
Fixed assets
15,748
15,170
14,972
+3.8%
Goodwill
53,699
53,840
54,436
-0.3%
Intangible assets
35,399
36,823
38,516
-3.9%
Investments
745
774
965
-3.7%
Cash and equivalents
6,587
6,220
7,832
+5.9%
Receivables
10,838
9,108
9,661
+19.0%
Inventory
11,777
10,617
9,178
+10.9%
Other assets
27,076
26,312
25,844
+2.9%
Total assets
161,869
158,864
161,404
+1.9%
10-K for the year ended 31 December 2023, filed 5 February 2024: the filing.