RTX CORPORATION (RTX) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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RTX CORPORATION cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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. 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: $1,305,000,000.00Net income → Operating adjustments reconciliation: $320,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,052,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $397,000,000.00Contract liabilities → Operating adjustments reconciliation: $373,000,000.00Share-based 401(k) matching contributions → Operating adjustments reconciliation: $167,000,000.00Stock compensation cost → Operating adjustments reconciliation: $111,000,000.00Deferred income tax provision (benefit) → Operating adjustments reconciliation: $67,000,000.00Operating adjustments reconciliation → Inventory: $813,000,000.00Operating adjustments reconciliation → Contract assets: $706,000,000.00Operating adjustments reconciliation → Accounts receivable: $372,000,000.00Operating adjustments reconciliation → Net periodic pension and other postretirement income: $324,000,000.00Operating adjustments reconciliation → Other operating activities, net: $147,000,000.00Operating adjustments reconciliation → Other current assets: $125,000,000.00Net cash used in investing activities → investing reconciliation: $678,000,000.00investing reconciliation → Capital expenditures: $513,000,000.00investing reconciliation → Increase in other intangible assets: $104,000,000.00investing reconciliation → Payments from settlements of derivative contracts, net: $47,000,000.00investing reconciliation → Other investing activities, net: $14,000,000.00Net cash used in financing activities → financing reconciliation: $1,056,000,000.00Change in other short-term borrowings, net → financing reconciliation: $28,000,000.00financing reconciliation → Dividends paid: $840,000,000.00financing reconciliation → Other financing activities, net: $185,000,000.00financing reconciliation → Repurchase of common stock: $50,000,000.00financing reconciliation → Repayment of long-term debt: $9,000,000.00Exchange-rate effect → Cash sources and uses: $16,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $5,606,000,000.00Net cash from operating activities → Cash sources and uses: $1,305,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,193,000,000.00Cash sources and uses → Net cash used in investing activities: $678,000,000.00Cash sources and uses → Net cash used in financing activities: $1,056,000,000.00Net income: $1,625,000,000.00Net income+$1.63 BDepreciation and amortization: $1,052,000,000.00D&A and accretion+$1.05 BDeferred income tax provision (benefit): $67,000,000.00Deferred income taxes+$67.00 MStock compensation cost: $111,000,000.00Stock-based compensation+$111.00 MNet periodic pension and other postretirement income: -$324,000,000.00Pension & benefit plans, net−$324.00 MShare-based 401(k) matching contributions: $167,000,000.00Share-based 401(k) match+$167.00 MGain on sale of business, net of transaction costs (Note 2): $0.00Accounts receivable: -$372,000,000.00Receivables, net−$372.00 MContract assets: -$706,000,000.00Contract assets−$706.00 MInventory: -$813,000,000.00Inventories−$813.00 MOther current assets: -$125,000,000.00Other operating assets−$125.00 MAccounts payable and accrued liabilities: $397,000,000.00Payables & accrued liabilities+$397.00 MContract liabilities: $373,000,000.00Deferred revenue+$373.00 MOther operating activities, net: -$147,000,000.00Other operating, net−$147.00 MNet cash from operating activities: $1,305,000,000.00Operating cash+$1.31 BOperating adjustments reconciliation: $2,487,000,000.00Repayment of long-term debt: -$9,000,000.00Long-term debt repaid−$9.00 MChange in other short-term borrowings, net: $28,000,000.00Short-term debt, net+$28.00 MDividends paid: -$840,000,000.00Common dividends paid−$840.00 MRepurchase of common stock: -$50,000,000.00Common stock repurchases−$50.00 MOther financing activities, net: -$185,000,000.00Other financing, net−$185.00 MNet cash used in financing activities: -$1,056,000,000.00. Cash required to fund net payments.Financing cash−$1.06 Bfinancing reconciliation: $1,084,000,000.00Capital expenditures: -$513,000,000.00PP&E purchases−$513.00 MDispositions of businesses, net of cash transferred: $0.00Increase in other intangible assets: -$104,000,000.00Intangible asset purchases−$104.00 MPayments from settlements of derivative contracts, net: -$47,000,000.00Derivatives, net−$47.00 MOther investing activities, net: -$14,000,000.00Other investing, net−$14.00 MNet cash used in investing activities: -$678,000,000.00. Cash required to fund net payments.Investing cash−$678.00 Minvesting reconciliation: $678,000,000.00Cash sources and uses: $6,927,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $5,606,000,000.00Beginning cash$5.61 BEnding cash: Cash, cash equivalents, and restricted cash: $5,193,000,000.00Ending cash$5.19 BExchange-rate effect: $16,000,000.00FX effect+$16.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$792.00 MOperating cash − cash spent on PP&ECash flow / Net income0.80×Operating cash flow ÷ net incomeNet cash change−$413.00 MEnding cash − beginning cash
Chart details

RTX CORPORATION cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
5,606,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,305,000,000 US dollars. Net cash provided.
Net income
1,625,000,000 US dollars
Depreciation and amortization
1,052,000,000 US dollars
Deferred income tax provision (benefit)
67,000,000 US dollars
Stock compensation cost
111,000,000 US dollars
Net periodic pension and other postretirement income
negative 324,000,000 US dollars
Share-based 401(k) matching contributions
167,000,000 US dollars
Gain on sale of business, net of transaction costs (Note 2)
0 US dollars
Accounts receivable
negative 372,000,000 US dollars
Contract assets
negative 706,000,000 US dollars
Inventory
negative 813,000,000 US dollars
Other current assets
negative 125,000,000 US dollars
Accounts payable and accrued liabilities
397,000,000 US dollars
Contract liabilities
373,000,000 US dollars
Other operating activities, net
negative 147,000,000 US dollars
Investing activities
negative 678,000,000 US dollars. Net cash used.
Capital expenditures
negative 513,000,000 US dollars
Dispositions of businesses, net of cash transferred
0 US dollars
Increase in other intangible assets
negative 104,000,000 US dollars
Payments from settlements of derivative contracts, net
negative 47,000,000 US dollars
Other investing activities, net
negative 14,000,000 US dollars
Financing activities
negative 1,056,000,000 US dollars. Net cash used.
Repayment of long-term debt
negative 9,000,000 US dollars
Change in other short-term borrowings, net
28,000,000 US dollars
Dividends paid
negative 840,000,000 US dollars
Repurchase of common stock
negative 50,000,000 US dollars
Other financing activities, net
negative 185,000,000 US dollars
Operating adjustment reconciliation
2,487,000,000 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
1,084,000,000 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
678,000,000 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
16,000,000 US dollars
Ending cash on Mar 31, 2025
5,193,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
6,927,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 413,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.80×. 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
1,305,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
513,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
792,000,000 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 exceeds operating cash. The diagram allocates $1.31B of net income directly to operating cash and $320.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 1,305,000,000 US dollars minus 513,000,000 US dollars equals 792,000,000 US dollars.
RTX CORPORATION (RTX) FY2025 Q1 Statement of Cash Flows Sankey chart
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