RTX CORPORATION (RTX) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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RTX CORPORATION cash flow reconciliation, Jul 1, 2024 through Sep 30, 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 → Net cash from operating activities: $1,535,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,094,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $1,082,000,000.00Contract liabilities → Operating adjustments reconciliation: $684,000,000.00Accounts receivable → Operating adjustments reconciliation: $349,000,000.00Stock compensation cost → Operating adjustments reconciliation: $105,000,000.00Other operating activities, net → Operating adjustments reconciliation: $103,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $988,000,000.00Operating adjustments reconciliation → Contract assets: $996,000,000.00Operating adjustments reconciliation → Other current assets: $459,000,000.00Operating adjustments reconciliation → Inventory: $344,000,000.00Operating adjustments reconciliation → Net periodic pension and other postretirement income: $326,000,000.00Operating adjustments reconciliation → Deferred income tax benefit: $304,000,000.00Receipts (payments) from settlements of derivative contracts, net → investing reconciliation: $32,000,000.00Net cash used in investing activities → investing reconciliation: $715,000,000.00investing reconciliation → Capital expenditures: $552,000,000.00investing reconciliation → Increase in other intangible assets: $129,000,000.00investing reconciliation → Other investing activities, net: $66,000,000.00Net cash used in financing activities → financing reconciliation: $1,158,000,000.00financing reconciliation → Dividends paid on common stock: $823,000,000.00financing reconciliation → Repurchase of common stock: $294,000,000.00financing reconciliation → Other financing activities, net: $29,000,000.00financing reconciliation → Change in other short-term borrowings, net: $12,000,000.00Exchange-rate effect → Cash sources and uses: $23,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $6,058,000,000.00Net cash from operating activities → Cash sources and uses: $2,523,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $6,731,000,000.00Cash sources and uses → Net cash used in investing activities: $715,000,000.00Cash sources and uses → Net cash used in financing activities: $1,158,000,000.00Net income: $1,535,000,000.00Net income+$1.54 BDepreciation and amortization: $1,094,000,000.00D&A and accretion+$1.09 BDeferred income tax benefit: -$304,000,000.00Deferred income taxes−$304.00 MStock compensation cost: $105,000,000.00Stock-based compensation+$105.00 MGain on sale of business, net of transaction costs (Note 2): $0.00Accounts receivable: $349,000,000.00Receivables, net+$349.00 MContract assets: -$996,000,000.00Contract assets−$996.00 MInventory: -$344,000,000.00Inventories−$344.00 MOther current assets: -$459,000,000.00Other operating assets−$459.00 MAccounts payable and accrued liabilities: $1,082,000,000.00Payables & accrued liabilities+$1.08 BContract liabilities: $684,000,000.00Deferred revenue+$684.00 MOther operating activities, net: $103,000,000.00Other operating, net+$103.00 MNet periodic pension and other postretirement income: -$326,000,000.00Pension & benefit plans, net−$326.00 MNet cash from operating activities: $2,523,000,000.00Operating cash+$2.52 BOperating adjustments reconciliation: $3,417,000,000.00Repurchase of common stock: -$294,000,000.00Common stock repurchases−$294.00 MDividends paid on common stock: -$823,000,000.00Common dividends paid−$823.00 MChange in other short-term borrowings, net: -$12,000,000.00Short-term debt, net−$12.00 MOther financing activities, net: -$29,000,000.00Other financing, net−$29.00 MProceeds from long-term debt: $0.00Repayment of long-term debt: $0.00Change in commercial paper, net (Note 9): $0.00Net cash used in financing activities: -$1,158,000,000.00. Cash required to fund net payments.Financing cash−$1.16 Bfinancing reconciliation: $1,158,000,000.00Increase in other intangible assets: -$129,000,000.00Intangible asset purchases−$129.00 MCapital expenditures: -$552,000,000.00PP&E purchases−$552.00 MDispositions of businesses, net of cash transferred: $0.00Receipts (payments) from settlements of derivative contracts, net: $32,000,000.00Derivatives, net+$32.00 MOther investing activities, net: -$66,000,000.00Other investing, net−$66.00 MNet cash used in investing activities: -$715,000,000.00. Cash required to fund net payments.Investing cash−$715.00 Minvesting reconciliation: $747,000,000.00Cash sources and uses: $8,604,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $6,058,000,000.00Beginning cash$6.06 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $6,731,000,000.00Ending cash$6.73 BExchange-rate effect: $23,000,000.00FX effect+$23.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.97 BOperating cash − cash spent on PP&ECash flow / Net income1.64×Operating cash flow ÷ net incomeNet cash change+$673.00 MEnding cash − beginning cash
Chart details

RTX CORPORATION cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
6,058,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
2,523,000,000 US dollars. Net cash provided.
Net income
1,535,000,000 US dollars
Depreciation and amortization
1,094,000,000 US dollars
Deferred income tax benefit
negative 304,000,000 US dollars
Stock compensation cost
105,000,000 US dollars
Gain on sale of business, net of transaction costs (Note 2)
0 US dollars
Accounts receivable
349,000,000 US dollars
Contract assets
negative 996,000,000 US dollars
Inventory
negative 344,000,000 US dollars
Other current assets
negative 459,000,000 US dollars
Accounts payable and accrued liabilities
1,082,000,000 US dollars
Contract liabilities
684,000,000 US dollars
Other operating activities, net
103,000,000 US dollars
Net periodic pension and other postretirement income
negative 326,000,000 US dollars
Investing activities
negative 715,000,000 US dollars. Net cash used.
Increase in other intangible assets
negative 129,000,000 US dollars
Capital expenditures
negative 552,000,000 US dollars
Dispositions of businesses, net of cash transferred
0 US dollars
Receipts (payments) from settlements of derivative contracts, net
32,000,000 US dollars
Other investing activities, net
negative 66,000,000 US dollars
Financing activities
negative 1,158,000,000 US dollars. Net cash used.
Repurchase of common stock
negative 294,000,000 US dollars
Dividends paid on common stock
negative 823,000,000 US dollars
Change in other short-term borrowings, net
negative 12,000,000 US dollars
Other financing activities, net
negative 29,000,000 US dollars
Proceeds from long-term debt
0 US dollars
Repayment of long-term debt
0 US dollars
Change in commercial paper, net (Note 9)
0 US dollars
Operating adjustment reconciliation
3,417,000,000 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
1,158,000,000 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
747,000,000 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
23,000,000 US dollars
Ending cash on Sep 30, 2024
6,731,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
8,604,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
673,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.64×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,523,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
552,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,971,000,000 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 $988.00M 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.
  • Cash-flow net income is $1.54 B, derived by subtracting the earlier cumulative period; the income statement reports $1.47 B for the same period. The difference is $63.00 M. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,523,000,000 US dollars minus 552,000,000 US dollars equals 1,971,000,000 US dollars.
  • Cash-flow net income is $1.54 B, derived by subtracting the earlier cumulative period; the income statement reports $1.47 B for the same period. The difference is $63.00 M. Neither amount has been adjusted.
RTX CORPORATION (RTX) FY2024 Q3 Statement of Cash Flows Sankey chart
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