Cash flow RTX A/S

Equities

RTX

DK0010267129

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Real-time Estimate Cboe Europe Other stock markets 04:15:41 2024-09-19 EDT			5-day change	1st Jan Change
80.50 ^DKK	+0.62%		+2.79%	+17.39%

08-28	RTX A/S Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2024	CI
07-25	L3Harris raises 2024 outlook amid global tensions	RE

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Published financial data: RTX A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	577M	585M	482M	679M	796M
Total Revenues	577M	585M	482M	679M	796M
Cost of Goods Sold, Total	243M	247M	218M	354M	424M
Gross Profit	334M	338M	264M	325M	372M
Selling General & Admin Expenses, Total	233M	230M	227M	240M	264M
Depreciation & Amortization - (IS)	13.5M	23.88M	29.86M	39.71M	39.63M
Other Operating Expenses, Total	247M	254M	257M	279M	304M
Operating Income	86.72M	84.28M	7.45M	45.64M	67.9M
Interest Expense, Total	-520K	-1.62M	-2.52M	-2.39M	-2.45M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-520K	-1.62M	-2.52M	-2.39M	-2.45M
Currency Exchange Gains (Loss)	2.3M	-4.75M	-605K	9.5M	-8.67M
Other Non Operating Income (Expenses)	1.6M	4M	832K	-597K	1.54M
EBT, Excl. Unusual Items	90.1M	81.91M	5.15M	52.16M	58.32M
Gain (Loss) On Sale Of Investments	1.24M	-978K	-4.34M	-9.88M	849K
Asset Writedown	-	-709K	-1.39M	-	-
EBT, Incl. Unusual Items	91.35M	80.22M	-574K	42.28M	59.17M
Income Tax Expense	19.97M	17.08M	-4.22M	8.36M	12.45M
Earnings From Continuing Operations	71.38M	63.15M	3.65M	33.92M	46.72M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	71.38M	63.15M	3.65M	33.92M	46.72M
Net Income - (IS)	71.38M	63.15M	3.65M	33.92M	46.72M
Net Income to Common Incl Extra Items	71.38M	63.15M	3.65M	33.92M	46.72M
Net Income to Common Excl. Extra Items	71.38M	63.15M	3.65M	33.92M	46.72M
Per Share Items
Net EPS - Basic	8.35	7.54	0.44	4.15	5.7
Basic EPS - Continuing Operations	8.35	7.54	0.44	4.15	5.7
Basic Weighted Average Shares Outstanding	8.55M	8.38M	8.24M	8.17M	8.2M
Net EPS - Diluted	8.3	7.4	0.4	4.1	5.7
Diluted EPS - Continuing Operations	8.3	7.4	0.4	4.1	5.7
Diluted Weighted Average Shares Outstanding	8.63M	8.5M	8.3M	8.2M	8.2M
Normalized Basic EPS	6.59	6.11	0.39	3.99	4.44
Normalized Diluted EPS	6.52	6.02	0.39	3.98	4.44
Dividend Per Share	2.5	2.5	-	-	-
Payout Ratio	24.01	33.19	567.71	-	-
Supplemental Items
EBITDA	93.9M	91.63M	13.77M	52.32M	75.46M
EBITA	87.78M	85.34M	7.45M	45.64M	67.9M
EBIT	86.72M	84.28M	7.45M	45.64M	67.9M
EBITDAR	101M	91.89M	13.89M	52.56M	75.91M
Effective Tax Rate - (Ratio)	21.86	21.28	735.54	19.77	21.05
Total Current Taxes	10.24M	15.04M	-1.84M	13.62M	10.56M
Total Deferred Taxes	9.74M	2.03M	-2.38M	-5.26M	1.89M
Normalized Net Income	56.32M	51.19M	3.22M	32.6M	36.45M
Interest on Long-Term Debt	-	2.19M	3.21M	3.17M	3.9M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	28.54M	26.69M	35.73M	43.79M	45.39M
Net Rental Expense, Total	7.2M	256K	121K	245K	454K
Imputed Operating Lease Interest Expense	-	-	43.08K	77.59K	154K
Imputed Operating Lease Depreciation	-	-	77.92K	167K	300K
Stock-Based Comp., SG&A Exp. (Total)	5.77M	5.43M	4.09M	4.93M	630K
Stock-Based Comp., Other (Total)	-	-	-	-	58K
Total Stock-Based Compensation	5.77M	5.43M	4.09M	4.93M	688K

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	73.56M	40.78M	19.46M	43.72M	107M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	153M	154M	101M	30.08M	31.03M
Total Cash And Short Term Investments	227M	195M	120M	73.81M	138M
Accounts Receivable, Total	133M	174M	159M	204M	173M
Other Receivables	3M	4.13M	5.47M	13.1M	8.46M
Total Receivables	136M	178M	165M	217M	182M
Inventory	21.81M	15.18M	32.37M	102M	102M
Prepaid Expenses	3M	4.15M	3.95M	4.54M	5.53M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	388M	392M	321M	397M	427M
Gross Property Plant And Equipment	54.25M	108M	135M	160M	151M
Accumulated Depreciation	-39.5M	-42.83M	-49.33M	-72.98M	-64.41M
Net Property Plant And Equipment	14.75M	65.14M	85.76M	86.96M	86.27M
Goodwill	7.8M	7.8M	7.8M	7.8M	7.8M
Other Intangibles, Total	43.6M	58.8M	62.19M	55.63M	48.08M
Deferred Tax Assets Long-Term	1.64M	1.81M	1.45M	2.15M	2.16M
Other Long-Term Assets, Total	7.93M	7.94M	6.84M	6.82M	6.76M
Total Assets	463M	534M	485M	557M	578M
Liabilities
Accounts Payable, Total	44.45M	50.85M	61.56M	80.52M	57.6M
Accrued Expenses, Total	33.5M	30.07M	44.48M	33.26M	36.04M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	4.91M	5.86M	6.3M	6.9M
Current Income Taxes Payable	8.88M	11.35M	160K	11.05M	17.78M
Unearned Revenue Current, Total	5.12M	1.27M	1.72M	7.52M	3.82M
Other Current Liabilities	16.44M	12.88M	6.45M	15.05M	21.06M
Total Current Liabilities	108M	111M	120M	154M	143M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	47.12M	55.54M	52.9M	49.52M
Deferred Tax Liability Non Current	6.14M	8.5M	6.58M	3.35M	6.15M
Other Non Current Liabilities	1.3M	14.43M	14.42M	15.24M	2.11M
Total Liabilities	116M	181M	197M	225M	201M
Common Stock, Total	44.71M	43.21M	43.21M	42.34M	42.34M
Additional Paid In Capital	252M	204M	204M	170M	170M
Retained Earnings	50.36M	99.68M	35.84M	108M	156M
Comprehensive Income and Other	-	5.59M	5.77M	10.42M	8.56M
Total Common Equity	347M	352M	289M	332M	377M
Total Equity	347M	352M	289M	332M	377M
Total Liabilities And Equity	463M	534M	485M	557M	578M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.5M	8.34M	8.14M	8.18M	8.21M
ECS Total Common Shares Outstanding	8.5M	8.34M	8.14M	8.18M	8.21M
Book Value / Share	40.88	42.22	35.45	40.53	45.94
Tangible Book Value	296M	286M	219M	268M	321M
Tangible Book Value Per Share	34.84	34.24	26.85	32.78	39.13
Total Debt	0	52.03M	61.4M	59.2M	56.41M
Net Debt	-227M	-143M	-59.02M	-14.61M	-81.29M
Debt Equivalent Oper. Leases	57.6M	2.05M	968K	1.96M	3.63M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	4.68M	8.47M	13.12M	63.53M	90.86M
Inventories - Finished Goods, Total	17.14M	6.71M	19.25M	38.96M	11.3M
Land - (BS)	-	-	-	-	-
Machinery, Total	49.02M	53.76M	62.95M	73.5M	58.86M
Full Time Employees	289	294	280	294	298
Accumulated Allowance for Doubtful Accounts (Supple)	1.12M	718K	986K	3.22M	1.36M

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	71.38M	63.15M	3.65M	33.92M	46.72M
Depreciation & Amortization - CF	6.12M	12.24M	12.97M	14.09M	15.6M
Amortization of Goodwill and Intangible Assets - (CF)	1.06M	1.06M	-	-	-
Depreciation & Amortization, Total	7.17M	13.3M	12.97M	14.09M	15.6M
Amortization of Deferred Charges, Total - (CF)	6.32M	10.58M	16.89M	25.63M	24.03M
Asset Writedown & Restructuring Costs	-	709K	1.39M	-	-
Stock-Based Compensation (CF)	5.77M	5.43M	4.09M	4.87M	688K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	19.89M	6M	-10.06M	28.19M	-2.76M
Change In Accounts Receivable	5.93M	-42.88M	14.05M	-55.58M	35.89M
Change In Inventories	35K	6.23M	-17.91M	-73.5M	8.24M
Change In Accounts Payable	-8.85M	8.08M	19.44M	22.36M	-31.41M
Cash from Operations	108M	70.59M	44.5M	-28K	96.99M
Capital Expenditure	-5.54M	-7.95M	-18.56M	-11.42M	-10.24M
Sale of Property, Plant, and Equipment	-	262K	107K	24K	49K
Sale (Purchase) of Intangible assets	-15.52M	-27.55M	-21.67M	-19.06M	-16.48M
Investment in Marketable and Equity Securities, Total	-31.38M	-1.84M	48.72M	60.98M	-97K
Other Investing Activities, Total	-	-	1.1M	19K	60K
Cash from Investing	-52.44M	-37.08M	9.7M	30.55M	-26.71M
Long-Term Debt Repaid, Total	-	-5.72M	-5.82M	-5.66M	-7.82M
Total Debt Repaid	-	-5.72M	-5.82M	-5.66M	-7.82M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-27.22M	-40.56M	-50.05M	-	-
Common Dividends Paid	-17.14M	-20.96M	-20.71M	-	-
Common & Preferred Stock Dividends Paid	-17.14M	-20.96M	-20.71M	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-44.36M	-67.24M	-76.57M	-5.66M	-7.82M
Foreign Exchange Rate Adjustments	625K	952K	1.05M	-597K	482K
Net Change in Cash	11.48M	-32.77M	-21.32M	24.26M	62.95M
Supplemental Items
Cash Interest Paid	-	-	-	-	12.94M
Cash Income Tax Paid (Refund)	2.01M	9.78M	9.92M	724K	3.4M
Levered Free Cash Flow	56.88M	7.06M	1.2M	-48.6M	77.76M
Unlevered Free Cash Flow	57.2M	8.08M	2.77M	-47.1M	79.29M
Change In Net Working Capital	-4.8M	38.41M	-4.39M	89.79M	-23.25M
Net Debt Issued / Repaid	-	-5.72M	-5.82M	-5.66M	-7.82M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	12.23	10.57	0.91	5.47	7.48
Return on Total Capital	16.44	14.02	1.23	7.7	10.3
Return On Equity %	21.65	18.05	1.14	10.94	13.18
Return on Common Equity	21.65	18.05	1.14	10.94	13.18
Margin Analysis
Gross Profit Margin %	57.82	57.82	54.76	47.86	46.71
SG&A Margin	40.45	39.32	47.02	35.29	33.21
EBITDA Margin %	16.27	15.67	2.86	7.7	9.48
EBITA Margin %	15.21	14.6	1.54	6.72	8.53
EBIT Margin %	15.03	14.42	1.54	6.72	8.53
Income From Continuing Operations Margin %	12.37	10.8	0.76	4.99	5.87
Net Income Margin %	12.37	10.8	0.76	4.99	5.87
Net Avail. For Common Margin %	12.37	10.8	0.76	4.99	5.87
Normalized Net Income Margin	9.76	8.76	0.67	4.8	4.58
Levered Free Cash Flow Margin	9.86	1.21	0.25	-7.16	9.76
Unlevered Free Cash Flow Margin	9.91	1.38	0.58	-6.94	9.96
Asset Turnover
Asset Turnover	1.3	1.17	0.95	1.3	1.4
Fixed Assets Turnover	38.16	14.63	6.39	7.86	9.19
Receivables Turnover (Average Receivables)	4.25	3.81	2.9	3.75	4.23
Inventory Turnover (Average Inventory)	11.08	13.33	9.17	5.25	4.15
Short Term Liquidity
Current Ratio	3.58	3.52	2.67	2.59	2.98
Quick Ratio	3.35	3.35	2.37	1.89	2.23
Operating Cash Flow to Current Liabilities	0.99	0.63	0.37	-0	0.68
Days Sales Outstanding (Average Receivables)	85.93	96.06	126.03	97.45	86.33
Days Outstanding Inventory (Average Inventory)	32.95	27.46	39.8	69.52	88.02
Average Days Payable Outstanding	85.44	72.68	87.2	61.13	59.45
Cash Conversion Cycle (Average Days)	33.44	50.84	78.62	105.84	114.9
Long Term Solvency
Total Debt/Equity	-	14.77	21.28	17.85	14.96
Total Debt / Total Capital	-	12.87	17.55	15.15	13.01
LT Debt/Equity	-	13.38	19.25	15.95	13.13
Long-Term Debt / Total Capital	-	11.66	15.87	13.53	11.42
Total Liabilities / Total Assets	25	33.99	40.55	40.44	34.77
EBIT / Interest Expense	166.78	51.96	2.95	19.12	27.74
EBITDA / Interest Expense	180.57	60.16	8.09	25.02	34.11
(EBITDA - Capex) / Interest Expense	169.91	55.26	0.74	20.24	29.93
Total Debt / EBITDA	-	0.53	3.01	0.99	0.68
Net Debt / EBITDA	-2.41	-1.46	-2.89	-0.24	-0.97
Total Debt / (EBITDA - Capex)	-	0.58	33.08	1.23	0.77
Net Debt / (EBITDA - Capex)	-2.57	-1.59	-31.8	-0.3	-1.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.37	1.31	-17.54	40.86	17.27
Gross Profit, 1 Yr. Growth %	18.69	1.31	-21.9	23.12	14.44
EBITDA, 1 Yr. Growth %	15.8	-2.41	-84.97	279.96	44.22
EBITA, 1 Yr. Growth %	15.62	-2.78	-91.27	512.88	48.76
EBIT, 1 Yr. Growth %	15.84	-2.82	-91.16	512.88	48.76
Earnings From Cont. Operations, 1 Yr. Growth %