Raytheon 2003 Annual Report Download - page 62

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RAYTHEON COMPANY 333
Identifiable Assets
(In millions) December 31: 2003 2002
Integrated Defense Systems $ 1,657 $ 1,612
Intelligence and Information Systems 1,910 1,926
Missile Systems 4,339 4,429
Network Centric Systems 3,653 3,914
Space and Airborne Systems 3,910 3,875
Technical Services 1,399 1,372
Aircraft 2,812 3,059
Other 912 899
Corporate 3,017 2,785
Discontinued Operations 59 75
Total $23,668 $23,946
Operations by Geographic Areas
Outside
United States
(Principally
(In millions) United States Europe) Total
Sales
2003 $15,718 $2,391 $18,109
2002 14,155 2,605 16,760
2001 13,293 2,724 16,017
Long-lived assets at
December 31, 2003 $ 5,381 $ 223 $ 5,604
December 31, 2002 5,391 195 5,586
The country of destination was used to attribute sales to either
United States or Outside United States. Sales to major customers
in 2003, 2002, and 2001 were: U.S. government, including foreign
military sales, $13,436 million, $12,255 million, and $11,161 million,
respectively, and U.S. Department of Defense, $11,766 million,
$10,406 million, and $9,512 million, respectively.
Free cash flow, defined as operating cash flow less capital
expenditures and capitalized expenditures for internal use soft-
ware, is used by the Company to evaluate cash flow performance
by the segments. Corporate free cash flow includes the differ-
ence 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) 2003 2002 2001
Integrated Defense Systems $67 $71 $82
Intelligence and Information Systems 25 30 45
Missile Systems 76 44 35
Network Centric Systems 55 76 67
Space and Airborne Systems 106 116 103
Technical Services 12 20 3
Aircraft 57 81 95
Other 1—2
Corporate 29 20 29
Total $428 $458 $461
Depreciation and Amortization
(In millions) 2003 2002 2001
Integrated Defense Systems $53 $47 $60
Intelligence and Information Systems 29 27 65
Missile Systems 48 47 146
Network Centric Systems 62 62 121
Space and Airborne Systems 68 66 119
Technical Services 11 10 36
Aircraft 91 88 82
Other 16 12 26
Corporate 15 522
Total $393 $364 $677
Notes to Consolidated Financial Statements (Continued) 33333333333333333333333333333333333333333333