E-Z-GO 2015 Annual Report Download - page 3

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TEXTRON AVIATION
Textron Aviation is home
to the iconic Beechcraft,
Cessna and Hawker
brands, and continues
to lead general aviation
through two principal
lines of business: aircraft
sales and aftermarket.
Aircraft sales include
business jet, turboprop
and piston aircraft, as
well as special mission
and military aircraft.
Aftermarket includes
commercial parts sales,
maintenance, inspection
and repair services.
BELL HELICOPTER
Bell Helicopter is one
of the leading suppliers
of helicopters and
related spare parts and
services in the world.
Bell is the pioneer of
the revolutionary tiltrotor
aircraft and has delivered
more than 35,000 aircraft
to customers around
the world. Greater than
29% of all helicopters in
operation today carry the
Bell brand, including both
military and commercial
applications.
INDUSTRIAL
Our Industrial segment
offers three main
product lines: fuel
systems and functional
components produced
by Kautex; specialized
vehicles and equipment
manufactured by the
Textron Specialized
Vehicles businesses and
Jacobsen; and tools and
test equipment made by
the Textron Tools & Test
companies.
TEXTRON SYSTEMS
Textron Systems’
businesses provide
innovative solutions to
the defense, aerospace
and general aviation
markets. Product lines
include unmanned
systems, armored
vehicles, advanced
marine craft, intelligent
battleeld and
surveillance systems,
intelligence software
solutions, piston engines,
simulation, training
and other defense and
aviation mission support
products and services.
FINANCE
Our Finance segment,
operated by Textron
Financial Corporation
(TFC), is a commercial
nance business that
provides nancing
solutions for purchasers of
Textron products, primarily
Textron Aviation aircraft
and Bell helicopters. For
more than ve decades,
TFC has played a key
role for Textron customers
around the globe.
(Dollars in Millions, Except Per Share Amounts) 2015 2014
Total Revenues $13,423 $13,878
Total Segment Profit 1,255 1,214
Income from Continuing Operations 698 605
PER SHARE OF COMMON STOCK
Common Stock Price:
High $ 46.93 $ 44.23
Low 32.20 32.28
Year-End 42.01 42.17
Diluted Earnings from Continuing Operations 2.50 2.15
COMMON SHARES OUTSTANDING (In Thousands)
Diluted Average 278,727 281,790
Year-End 274,228 276,582
FINANCIAL POSITION
Total Assets $14,708 $14,605
Manufacturing Group Debt 2,697 2,811
Finance Group Debt 913 1,063
Shareholders’ Equity 4,964 4,272
Manufacturing Group Debt-to-Capital (Net of Cash) 26% 33%
Manufacturing Group Debt-to-Capital 35% 40%
KEY PERFORMANCE METRICS
Net Cash Provided by Operating Activities of Continuing Operations for Manufacturing Group—GAAP $ 1,038 $ 1,097
Manufacturing Cash Flow Before Pension Contributions—Non-GAAP1 631 753
1. Manufacturing Cash Flow Before Pension Contributions is a Non-GAAP Measure. See page immediately preceding Form 10-K for Reconciliation to GAAP.
Textron’s Global Network of Businesses
Selected Year-Over-Year Financial Data
TEXTRON 2015 ANNUAL REPORT 1