RTX Corporation Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	6,732	4,774	3,195	5,197	3,864
Depreciation & Amortization	4,378	4,364	4,211	4,108	4,557
Loss (Gain) From Sale of Assets	-	-415	-	-	-
Stock-Based Compensation	1,092	790	686	420	442
Other Operating Activities	-361	-1,269	-1,724	-3,079	-1,443
Change in Accounts Receivable	-5,878	-2,589	-2,558	203	-2,164
Change in Inventory	-532	-1,474	-1,104	-1,575	163
Change in Accounts Payable	3,418	1,508	4,016	2,075	917
Change in Unearned Revenue	2,773	1,872	2,322	846	1,372
Change in Other Net Operating Assets	-1,055	-402	-1,161	-1,027	-566
Operating Cash Flow	10,567	7,159	7,883	7,168	7,071
Operating Cash Flow Growth	47.60%	-9.18%	9.98%	1.37%	96.09%
Capital Expenditures	-2,627	-2,625	-2,415	-2,288	-2,134
Cash Acquisitions	-	-	-	-66	-1,088
Divestitures	1,931	1,795	6	94	1,879
Sale (Purchase) of Intangibles	-492	-611	-751	-487	-308
Other Investing Activities	-5	-77	26	-111	129
Investing Cash Flow	-1,265	-1,534	-3,039	-2,829	-1,364
Short-Term Debt Issued	-	-	10,000	518	47
Long-Term Debt Issued	-	-	12,914	1	4,062
Total Debt Issued	-	-	22,914	519	4,109
Short-Term Debt Repaid	-	-	-10,524	-29	-160
Long-Term Debt Repaid	-3,429	-2,500	-578	-3	-4,254
Total Debt Repaid	-3,429	-2,500	-11,102	-32	-4,414
Net Debt Issued (Repaid)	-3,429	-2,500	11,812	487	-305
Repurchase of Common Stock	-50	-444	-12,870	-2,803	-2,327
Common Dividends Paid	-3,574	-3,217	-3,239	-3,128	-2,957
Other Financing Activities	-433	-456	-230	-415	-1,096
Financing Cash Flow	-7,486	-6,617	-4,527	-5,859	-6,685
Foreign Exchange Rate Adjustments	48	-28	18	-42	-1
Net Cash Flow	1,864	-1,020	335	-1,562	-979
Free Cash Flow	7,940	4,534	5,468	4,880	4,937
Free Cash Flow Growth	75.12%	-17.08%	12.05%	-1.16%	172.61%
Free Cash Flow Margin	8.96%	5.62%	7.93%	7.28%	7.67%
Free Cash Flow Per Share	5.85	3.38	3.81	3.28	3.27
Cash Interest Paid	1,858	1,942	1,464	1,263	1,339
Cash Income Tax Paid	1,607	1,176	1,527	2,400	1,124
Levered Free Cash Flow	6,456	5,831	5,832	6,185	6,540
Unlevered Free Cash Flow	7,603	7,062	6,865	6,998	7,372
Change in Working Capital	-1,274	-1,085	1,515	522	-278

Source: S&P Global Market Intelligence. Standard template. Financial Sources.