$TXT
TEXTRON INC

2020 Q2 Form 10-Q Financial Statement

#000110465920055073 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q1
Revenue $2.777B $3.109B
YoY Change -13.94% -5.67%
Cost Of Revenue $2.387B $2.577B
YoY Change -9.62% -5.57%
Gross Profit $390.0M $532.0M
YoY Change -33.45% -6.17%
Gross Profit Margin 14.04% 17.11%
Selling, General & Admin $263.0M $307.0M
YoY Change -9.93% -6.12%
% of Gross Profit 67.44% 57.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00M $102.0M
YoY Change -10.0% -2.86%
% of Gross Profit 23.08% 19.17%
Operating Expenses $263.0M $307.0M
YoY Change -9.93% -6.12%
Operating Profit $127.0M $225.0M
YoY Change -56.8% -6.25%
Interest Expense $40.00M $42.00M
YoY Change -6.98% -202.44%
% of Operating Profit 31.5% 18.67%
Other Income/Expense, Net $21.00M $29.00M
YoY Change -25.0% 52.63%
Pretax Income $69.00M $212.0M
YoY Change -75.27% -2.75%
Income Tax $19.00M $33.00M
% Of Pretax Income 27.54% 15.57%
Net Earnings $50.00M $179.0M
YoY Change -76.96% -5.29%
Net Earnings / Revenue 1.8% 5.76%
Basic Earnings Per Share $0.22 $0.76
Diluted Earnings Per Share $0.22 $0.76
COMMON SHARES
Basic Shares Outstanding 228.3M shares 234.8M shares
Diluted Shares Outstanding 228.9M shares 236.4M shares

Balance Sheet

Concept 2020 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.446B $742.0M
YoY Change 185.41% -11.24%
Cash & Equivalents $2.446B $742.0M
Short-Term Investments
Other Short-Term Assets $984.0M $835.0M
YoY Change 17.28% -10.5%
Inventory $4.385B $4.047B
Prepaid Expenses
Receivables $870.0M $1.059B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.685B $6.683B
YoY Change 24.14% -4.1%
LONG-TERM ASSETS
Property, Plant & Equipment $2.755B $2.824B
YoY Change -2.13% 4.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.675B $2.076B
YoY Change -18.77% -2.95%
Total Long-Term Assets $7.261B $7.797B
YoY Change -6.91% -2.53%
TOTAL ASSETS
Total Short-Term Assets $8.685B $6.683B
Total Long-Term Assets $7.261B $7.797B
Total Assets $15.95B $14.48B
YoY Change 7.77% -3.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.322B $1.147B
YoY Change 7.39% -6.67%
Accrued Expenses $49.00M $54.00M
YoY Change -7.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.396B $363.0M
YoY Change 205.47% 2168.75%
Total Short-Term Liabilities $4.515B $3.432B
YoY Change 26.15% 2.48%
LONG-TERM LIABILITIES
Long-Term Debt $3.638B $3.523B
YoY Change 0.69% -9.71%
Other Long-Term Liabilities $2.259B $2.292B
YoY Change -0.4% 13.19%
Total Long-Term Liabilities $5.897B $5.815B
YoY Change 0.27% -1.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.515B $3.432B
Total Long-Term Liabilities $5.897B $5.815B
Total Liabilities $10.41B $9.247B
YoY Change 10.06% -0.31%
SHAREHOLDERS EQUITY
Retained Earnings $5.727B
YoY Change -1.16%
Common Stock $29.00M
YoY Change -3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $74.00M
YoY Change -84.9%
Treasury Stock Shares
Shareholders Equity $5.534B $5.233B
YoY Change
Total Liabilities & Shareholders Equity $15.95B $14.48B
YoY Change 7.77% -3.26%

Cashflow Statement

Concept 2020 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $50.00M $179.0M
YoY Change -76.96% -5.29%
Depreciation, Depletion And Amortization $90.00M $102.0M
YoY Change -10.0% -2.86%
Cash From Operating Activities -$395.0M -$216.0M
YoY Change -354.84% 154.12%
INVESTING ACTIVITIES
Capital Expenditures $50.00M $59.00M
YoY Change -34.21% -23.38%
Acquisitions
YoY Change
Other Investing Activities $6.000M -$5.000M
YoY Change -57.14% -106.02%
Cash From Investing Activities -$43.00M -$42.00M
YoY Change -30.65% -800.0%
FINANCING ACTIVITIES
Cash Dividend Paid $5.000M $5.000M
YoY Change
Common Stock Issuance & Retirement, Net $54.00M $202.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.543B -116.0M
YoY Change 5614.81% -67.6%
NET CHANGE
Cash From Operating Activities -$395.0M -216.0M
Cash From Investing Activities -$43.00M -42.00M
Cash From Financing Activities $1.543B -116.0M
Net Change In Cash $1.089B -365.0M
YoY Change 807.5% -16.48%
FREE CASH FLOW
Cash From Operating Activities -$395.0M -$216.0M
Capital Expenditures $50.00M $59.00M
Free Cash Flow -$445.0M -$275.0M
YoY Change -663.29% 69.75%

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