RTX Corporation (RTX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.85B | 4.17B | 4.64B | 458M | 1.3B | 1.56B | 2.52B | 2.73B | 342M | 4.71B | 3.32B | 719M | -863M | 4.63B | 778M | 1.29B | 476M | 3.12B | 1.93B | 1.31B |
| Operating CF Margin % | 8.4% | 17.18% | 20.64% | 2.12% | 6.43% | 7.22% | 12.56% | 13.86% | 1.77% | 23.64% | 24.63% | 3.93% | -5.01% | 25.58% | 4.59% | 7.88% | 3.03% | 18.29% | 11.89% | 8.24% |
| Operating CF Growth % | 42.15% | 166.82% | 83.87% | -83.24% | 281.58% | -66.86% | -23.91% | 280.11% | 139.63% | 1.79% | 326.22% | -44.09% | -281.3% | 48.48% | -59.67% | -1.61% | -33.7% | 133.48% | 21.32% | 6123.81% |
| Net Income | 2.16B | 1.71B | 2.01B | 1.73B | 1.63B | 1.56B | 1.53B | 111M | 1.71B | 1.47B | -933M | 1.36B | 1.48B | 1.47B | 1.39B | 1.3B | 1.13B | 771M | 1.47B | 1.09B |
| Depreciation & Amortization | 1.07B | 1.16B | 1.09B | 1.08B | 1.05B | 1.14B | 1.09B | 1.07B | 1.06B | 1.06B | 1.07B | 1.04B | 1.03B | 1.05B | 1.05B | 999M | 1.01B | 1.14B | 1.16B | 1.13B |
| Stock-Based Compensation | 132M | 182M | 113M | 113M | 111M | 109M | 105M | 29M | 194M | 106M | 107M | 112M | 100M | 102M | 106M | 109M | 103M | 99M | 116M | 143M |
| Deferred Taxes | 26M | 191M | 477M | 54M | 67M | 72M | -304M | 299M | -114M | 326M | -28M | -371M | -329M | 18M | -534M | -546M | -601M | 54M | -317M | 22M |
| Other Non-Cash Items | -121M | 83M | 723M | -172M | -304M | -175M | -223M | -182M | -801M | 2.19B | -350M | -139M | -456M | -212M | -340M | -320M | -269M | -11M | -596M | -579M |
| Working Capital Changes | -1.41B | 837M | 229M | -2.34B | -1.25B | -1.14B | 316M | 1.4B | -1.71B | -439M | 3.45B | -1.29B | -2.69B | 2.2B | -888M | -260M | -897M | 1.06B | 95M | -499M |
| Change in Receivables | 844M | -2.27B | -351M | -1.25B | -372M | 1.34B | -647M | -323M | -547M | -482M | -214M | 263M | -962M | 116M | 637M | -1.65B | 556M | -173M | -690M | 1.09B |
| Change in Inventory | -813M | 483M | 182M | -384M | -813M | 231M | -344M | -715M | -646M | 326M | -108M | -602M | -720M | -141M | -401M | -446M | -587M | 220M | 76M | -20M |
| Change in Payables | -1.16B | 1.32B | 2.24B | -538M | 397M | -819M | 1.08B | 1.46B | -218M | 0 | 3.57B | -639M | 490M | 777M | -811M | 2.42B | -316M | 917M | 581M | -1.27B |
| Cash from Investing | -608M | -549M | 471M | -509M | -678M | -779M | -715M | -733M | 693M | -978M | -859M | -623M | -579M | -938M | -755M | -618M | -518M | -1.23B | -378M | -343M |
| Capital Expenditures | -644M | -970M | -614M | -530M | -513M | -1.07B | -681M | -692M | -630M | -1.02B | -786M | -686M | -674M | -1.02B | -641M | -589M | -489M | -1B | -511M | -388M |
| CapEx % of Revenue | 2.92% | 4% | 2.73% | 2.46% | 2.53% | 4.94% | 3.39% | 3.51% | 3.26% | 5.12% | 5.84% | 3.75% | 3.92% | 5.66% | 3.78% | 3.61% | 3.11% | 5.89% | 3.15% | 2.45% |
| Acquisitions | 0 | 0 | 1.19B | 0 | 0 | 0 | 0 | 0 | 1.28B | 0 | 6M | 0 | 0 | -66M | -60M | 53M | 35M | -277M | 0 | 25M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 36M | 421M | -24M | 21M | -165M | 91M | -35M | -41M | 41M | -44M | 207M | 63M | 108M | 94M | -54M | -82M | -64M | -20M | 133M | 40M |
| Cash from Financing | -1.84B | -2.15B | -3.92B | -353M | -1.06B | -1.87B | -1.16B | -1.58B | -2.01B | -2.62B | -2.38B | -628M | 1.1B | -2.85B | 617M | -1.88B | -1.75B | -1.53B | -2.06B | -1.56B |
| Debt Issued (Net) | -500M | -1.14B | -2.94B | 642M | 19M | -835M | -12M | -685M | -972M | 9.54B | -77M | 851M | 2.57B | -1.56B | 2.07B | -25M | 6M | 302M | -249M | -59M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | -50M | -50M | -294M | -44M | -56M | -10.28B | -1.43B | -596M | -562M | -408M | -616M | -1.04B | -743M | -327M | -993M | -632M |
| Dividends Paid | -915M | -914M | -910M | -910M | -840M | -802M | -823M | -823M | -769M | -767M | -838M | -844M | -790M | -791M | -794M | -798M | -745M | -745M | -751M | -756M |
| Share Repurchases | 0 | 0 | 0 | 0 | -50M | -50M | -294M | -44M | -56M | -10.28B | -1.43B | -596M | -562M | -408M | -616M | -1.04B | -743M | -327M | -993M | -632M |
| Other Financing | -425M | -100M | -69M | -85M | -185M | -181M | -29M | -32M | -210M | -1.1B | -33M | -39M | -118M | -86M | -43M | -23M | -263M | -760M | -67M | -109M |
| Net Change in Cash | -599M | 1.47B | 1.18B | -366M | -413M | -1.13B | 673M | 412M | -980M | 1.13B | 65M | -514M | -345M | 856M | 603M | -1.25B | -1.77B | 351M | -578M | -536M |
| Free Cash Flow | 1.21B | 3.19B | 4.03B | -72M | 792M | 492M | 1.84B | 2.04B | -288M | 3.91B | 2.53B | 33M | -1.54B | 3.6B | 185M | 766M | -13M | 2.11B | 1.42B | 919M |
| FCF Margin % | 5.49% | 13.18% | 17.91% | -0.33% | 3.9% | 2.28% | 9.17% | 10.35% | -1.49% | 19.6% | 18.79% | 0.18% | -8.93% | 19.92% | 1.09% | 4.7% | -0.08% | 12.4% | 8.74% | 5.79% |
| FCF Growth % | 52.9% | 549.39% | 118.51% | -103.53% | 375% | -87.4% | -27.19% | 6084.85% | 81.26% | 8.38% | 1267.57% | -95.69% | -11723.08% | 70.56% | -86.95% | -16.65% | -104.35% | 212.57% | 21.09% | 297.63% |
| FCF per Share | 0.89 | 2.35 | 2.96 | -0.05 | 0.59 | 0.36 | 1.37 | 1.52 | -0.22 | 2.87 | 1.75 | 0.02 | -1.04 | 2.44 | 0.13 | 0.51 | -0.01 | 1.41 | 0.94 | 0.61 |
| FCF Conversion (FCF/Net Income) | 0.90x | 2.57x | 2.42x | 0.28x | 0.85x | 1.05x | 1.71x | 24.62x | 0.20x | 3.30x | -3.37x | 0.54x | -0.61x | 3.25x | 0.56x | 0.99x | 0.44x | 4.54x | 1.38x | 1.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |