Raytheon 2004 Annual Report Download - page 110

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92
Notes to Consolidated Financial Statements (Continued)
Operating Income (In millions) 2004 2003 2002
Integrated Defense Systems $ 417 $ 331 $ 289
Intelligence and Information Systems 198 194 180
Missile Systems 436 424 373
Network Centric Systems 274 19 278
Space and Airborne Systems 568 492 428
Technical Services 151 107 116
Aircraft 63 2 (39)
Other (40) (34) (12)
FAS/CAS Pension Adjustment (474) (109) 210
Corporate and Eliminations (205) (110) (40)
Total $1,388 $1,316 $1,783
Aircraft operating income does not include profit on intersegment aircraft sales to Flight Options until the
underlying aircraft has been sold by Flight Options.
Free Cash Flow (In millions) 2004 2003 2002
Integrated Defense Systems $ 399 $ 318 $ 194
Intelligence and Information Systems 152 88 121
Missile Systems 285 244 176
Network Centric Systems 240 115 88
Space and Airborne Systems 237 365 153
Technical Services 69 104 174
Aircraft 134 20 24
Other (83) (55) (61)
Corporate 22 377 770
Total $1,455 $1,576 $1,639
Corporate free cash flow includes the difference between amounts charged to the segments for interest and taxes
on an intercompany basis and the amounts actually paid by the Company.
Capital Expenditures (In millions) 2004 2003 2002
Integrated Defense Systems $61 $67 $71
Intelligence and Information Systems 29 25 30
Missile Systems 47 76 44
Network Centric Systems 61 55 76
Space and Airborne Systems 77 106 116
Technical Services 16 12 20
Aircraft 46 57 81
Other 20 1–
Corporate 629 20
Total $363 $428 $458