RTX Corporation (RTX) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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RTX Corporation cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income from continuing operations → Net cash from operating activities: $5,013,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $4,364,000,000.00Contract liabilities → Operating adjustments reconciliation: $1,872,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $1,508,000,000.00Stock compensation cost → Operating adjustments reconciliation: $437,000,000.00Other operating activities, net → Operating adjustments reconciliation: $218,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,146,000,000.00Operating adjustments reconciliation → Contract assets: $2,414,000,000.00Operating adjustments reconciliation → Inventory: $1,474,000,000.00Operating adjustments reconciliation → Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash: $1,326,000,000.00Operating adjustments reconciliation → Gain on sale of business, net of transaction costs (Note 2): $415,000,000.00Operating adjustments reconciliation → Other current assets: $402,000,000.00Operating adjustments reconciliation → Accounts receivable: $175,000,000.00Operating adjustments reconciliation → Deferred income tax benefit: $47,000,000.00Dispositions of businesses, net of cash transferred → investing reconciliation: $1,795,000,000.00Receipts from customer financing assets → investing reconciliation: $202,000,000.00Other investing activities, net → investing reconciliation: $65,000,000.00investing reconciliation → Capital expenditures: $2,625,000,000.00investing reconciliation → Increase in other intangible assets: $611,000,000.00investing reconciliation → Payments on customer financing assets: $218,000,000.00investing reconciliation → (Payments) receipts from settlements of derivative contracts, net: $142,000,000.00Net cash used in financing activities → financing reconciliation: $6,617,000,000.00financing reconciliation → Dividends paid on common stock: $3,217,000,000.00financing reconciliation → Repayment of long-term debt: $2,500,000,000.00financing reconciliation → Other financing activities, net: $452,000,000.00financing reconciliation → Repurchase of Common Stock: $444,000,000.00financing reconciliation → Change in other short-term borrowings, net: $4,000,000.00Net cash used in investing activities → investing reconciliation: $1,534,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $6,626,000,000.00Net cash from operating activities → Cash sources and uses: $7,159,000,000.00Cash sources and uses → Exchange-rate effect: $28,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,606,000,000.00Cash sources and uses → Net cash used in investing activities: $1,534,000,000.00Cash sources and uses → Net cash used in financing activities: $6,617,000,000.00Net income from continuing operations: $5,013,000,000.00Continuing ops income (loss)+$5.01 BDepreciation and amortization: $4,364,000,000.00D&A and accretion+$4.36 BDeferred income tax benefit: -$47,000,000.00Deferred income taxes−$47.00 MStock compensation cost: $437,000,000.00Stock-based compensation+$437.00 MPension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash: -$1,326,000,000.00Pension & benefit plans, net−$1.33 BGain on sale of business, net of transaction costs (Note 2): -$415,000,000.00Disposal group gain & loss−$415.00 MAccounts receivable: -$175,000,000.00Receivables, net−$175.00 MContract assets: -$2,414,000,000.00Contract assets−$2.41 BInventory: -$1,474,000,000.00Inventories−$1.47 BOther current assets: -$402,000,000.00Other operating assets−$402.00 MAccounts payable and accrued liabilities: $1,508,000,000.00Payables & accrued liabilities+$1.51 BContract liabilities: $1,872,000,000.00Deferred revenue+$1.87 BOther operating activities, net: $218,000,000.00Other operating, net+$218.00 MNet cash from operating activities: $7,159,000,000.00Operating cash+$7.16 BOperating adjustments reconciliation: $8,399,000,000.00Change in commercial paper, net (Note 9): $0.00Proceeds from bridge loan: $0.00Repayment of bridge loan: $0.00Change in other short-term borrowings, net: -$4,000,000.00Short-term debt, net−$4.00 MRepayment of long-term debt: -$2,500,000,000.00Long-term debt repaid−$2.50 BRepurchase of Common Stock: -$444,000,000.00Common stock repurchases−$444.00 MOther financing activities, net: -$452,000,000.00Other financing, net−$452.00 MProceeds from long-term debt: $0.00Dividends paid on common stock: -$3,217,000,000.00Common dividends paid−$3.22 BNet cash used in financing activities: -$6,617,000,000.00. Cash required to fund net payments.Financing cash−$6.62 Bfinancing reconciliation: $6,617,000,000.00Capital expenditures: -$2,625,000,000.00PP&E purchases−$2.63 BPayments on customer financing assets: -$218,000,000.00Finance receivable purchases−$218.00 MReceipts from customer financing assets: $202,000,000.00Finance receivable collections+$202.00 MInvestments in businesses: $0.00Dispositions of businesses, net of cash transferred: $1,795,000,000.00Business & affiliate sales+$1.80 BIncrease in other intangible assets: -$611,000,000.00Intangible asset purchases−$611.00 M(Payments) receipts from settlements of derivative contracts, net: -$142,000,000.00Derivatives, net−$142.00 MOther investing activities, net: $65,000,000.00Other investing, net+$65.00 MNet cash used in investing activities: -$1,534,000,000.00. Cash required to fund net payments.Investing cash−$1.53 Binvesting reconciliation: $3,596,000,000.00Cash sources and uses: $13,785,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $6,626,000,000.00Beginning cash$6.63 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $5,606,000,000.00Ending cash$5.61 BExchange-rate effect: -$28,000,000.00FX effect−$28.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$4.53 BOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change−$1.02 BEnding cash − beginning cash
Chart details

RTX Corporation cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
6,626,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
7,159,000,000 US dollars. Net cash provided.
Net income from continuing operations
5,013,000,000 US dollars
Depreciation and amortization
4,364,000,000 US dollars
Deferred income tax benefit
negative 47,000,000 US dollars
Stock compensation cost
437,000,000 US dollars
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash
negative 1,326,000,000 US dollars
Gain on sale of business, net of transaction costs (Note 2)
negative 415,000,000 US dollars
Accounts receivable
negative 175,000,000 US dollars
Contract assets
negative 2,414,000,000 US dollars
Inventory
negative 1,474,000,000 US dollars
Other current assets
negative 402,000,000 US dollars
Accounts payable and accrued liabilities
1,508,000,000 US dollars
Contract liabilities
1,872,000,000 US dollars
Other operating activities, net
218,000,000 US dollars
Investing activities
negative 1,534,000,000 US dollars. Net cash used.
Capital expenditures
negative 2,625,000,000 US dollars
Payments on customer financing assets
negative 218,000,000 US dollars
Receipts from customer financing assets
202,000,000 US dollars
Investments in businesses
0 US dollars
Dispositions of businesses, net of cash transferred
1,795,000,000 US dollars
Increase in other intangible assets
negative 611,000,000 US dollars
(Payments) receipts from settlements of derivative contracts, net
negative 142,000,000 US dollars
Other investing activities, net
65,000,000 US dollars
Financing activities
negative 6,617,000,000 US dollars. Net cash used.
Change in commercial paper, net (Note 9)
0 US dollars
Proceeds from bridge loan
0 US dollars
Repayment of bridge loan
0 US dollars
Change in other short-term borrowings, net
negative 4,000,000 US dollars
Repayment of long-term debt
negative 2,500,000,000 US dollars
Repurchase of Common Stock
negative 444,000,000 US dollars
Other financing activities, net
negative 452,000,000 US dollars
Proceeds from long-term debt
0 US dollars
Dividends paid on common stock
negative 3,217,000,000 US dollars
Operating adjustment reconciliation
8,399,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
6,617,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
3,596,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 28,000,000 US dollars
Ending cash on Dec 31, 2024
5,606,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
13,785,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,020,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
7,159,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,625,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
4,534,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.15B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 7,159,000,000 US dollars minus 2,625,000,000 US dollars equals 4,534,000,000 US dollars.
RTX Corporation (RTX) FY2024 Annual Statement of Cash Flows Sankey chart
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