Raytheon 2012 Annual Report Download - page 142

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INVESTOR INFORMATION
Global Headquarters
Raytheon Company
870 Winter Street
Waltham, MA 02451
781.522.3000
Common Stock Symbol
Raytheon Company common stock is listed on the New York
Stock Exchange. The ticker symbol is RTN.
Annual Meeting
The 2013 Annual Meeting of Stockholders will be held on
Thursday, May 30, 2013, at 11:00 a.m.
The Ritz-Carlton, Pentagon City
1250 South Hayes Street
Arlington, VA 22202
703.415.5000
Stock Transfer Agent, Registrar and
Dividend Disbursing Agent
American Stock Transfer & Trust Company is Raytheon’s
transfer agent and registrar and maintains the Company’s
stockholder records. Inquiries concerning dividend payments,
name and address changes, lost stock certificate replacement,
stock ownership transfers and Form 1099 questions should be
directed to: Raytheon Company, c/o American Stock Transfer
& Trust Company, 6201 15th Avenue, Brooklyn, NY 11219, at
800.360.4519.
Dividend Distribution/Direct Dividend Deposit
Common stock dividends are payable quarterly upon authoriza-
tion of the Board of Directors, normally at the end of January,
April, July and October. Direct Dividend Deposit (via ACH) is
available to Raytheon stockholders. For enrollment information,
call American Stock Transfer & Trust at 800.360.4519.
Dividend Reinvestment
Raytheon Company has a Dividend Reinvestment Plan
administered by American Stock Transfer & Trust Company. This
plan gives stockholders the option of having their cash payments
applied to the purchase of additional shares. For enrollment
information about this plan, call 800.360.4519.
Investor Relations
Security analysts, shareholders and investment professionals with
other inquiries regarding Raytheon Company should contact:
Todd Ernst, vice president, Investor Relations, Raytheon Com-
pany, 870 Winter Street, Waltham, MA 02451, at 877.786.7070.
Media Relations
Members of the news media requesting information about
Raytheon should contact: Jonathan Kasle, vice president,
Corporate Public Relations, Raytheon Company, 870 Winter
Street, Waltham, MA 02451, at 781.522.5110.
Website
Raytheon’s website offers financial information and facts about
the Company, its products and services. We periodically add
additional news and information. Raytheon’s website address
is http://www.raytheon.com. We make our website content
available for informational purposes only. It should not be relied
upon for investment purposes, nor is it incorporated by reference
into this annual report.
Copies of Reports
Copies of the Company’s annual reports, latest SEC filings,
quarterly earnings reports and other information may be
requested through the Company’s website at http://www.
raytheon.com or by calling 877.786.7070 (Option 1).
FINANCIAL HIGHLIGHTS
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2012 2011 2010 2009 2008
Net Sales $24,414 $24,791 $25,150 $24,843 $23,124
Adjusted Income* 2,074 2,067 2,078 1,898 1,770
Adjusted EPS* 6.21 5.85 5.51 4.80 4.15
Operating Cash Flow from Continuing Operations 1,951 2,102 1,892 2,699 1,970
Dividends Declared per Share 2.00 1.72 1.50 1.24 1.12
*
Adjusted Income and Adjusted EPS are not measures of financial performance under U.S. generally
accepted accounting principles (GAAP). Please see below for a reconciliation.
ADJUSTED INCOME RECONCILIATION
(IN MILLIONS) 2012 2011 2010 2009 2008
Income from continuing operations attributable to
Raytheon Company common stockholders $1,889 $1,848 $1,805 $1,940 $1,683
FAS/CAS Adjustment, after-tax ¹ 166 219 122 (52) 42
UKBA Program Adjustment, after-tax ² — — 284 — —
UKBA LOC Adjustment ³ — 60 — — —
Tax settlements — (60) (170) — —
Early debt retirement make-whole
provision, after-tax ¹ 19 — 47 14 —
Acceleration of deferred gains on terminated
interest rate swaps on retired debt, after-tax ¹ — — (10) (4) —
Unfavorable impact of pension returns on
existing contracts, after-tax ¹ — — — — 45
Adjusted Income $2,074 $2,067 $2,078 $1,898 $1,770
1 Tax effected at 35% federal statutory tax rate.
2 Tax effected at approximately 28% 2010 U.K. statutory tax rate.
3 Tax effected at approximately 25% 2011 U.K. statutory tax rate.
We define Adjusted Income as income from continuing operations attributable to Raytheon Company
common stockholders excluding the after-tax impact of the FAS/CAS Adjustment and, from time to time,
certain other previously disclosed items as set forth above in the reconciliation. Amounts may not
recalculate due to rounding.
ADJUSTED EARNINGS PER SHARE (EPS) RECONCILIATION
2012 2011 2010 2009 2008
Diluted EPS from continuing operations $5.65 $5.22 $4.79 $4.91 $3.95
FAS/CAS Adjustment, after-tax ¹ 0.50 0.62 0.32 (0.13) 0.10
UKBA Program Adjustment, after-tax ² — — 0.75 — —
UKBA LOC Adjustment ³ — 0.17 — — —
Tax settlements — (0.17) (0.45) — —
Early debt retirement make-whole
provision, after-tax ¹ 0.06 — 0.13 0.04 —
Acceleration of deferred gains on terminated
interest rate swaps on retired debt, after-tax ¹ — — (0.03) (0.01) —
Unfavorable impact of pension returns on
existing contracts, after-tax ¹ — — — — 0.11
Adjusted EPS $6.21 $5.85 $5.51 $4.80 $4.15
1 Tax effected at 35% federal statutory tax rate.
2 Tax effected at approximately 28% 2010 U.K. statutory tax rate.
3 Tax effected at approximately 25% 2011 U.K. statutory tax rate.
We define Adjusted EPS as diluted EPS from continuing operations attributable to Raytheon Company
common stockholders excluding the after-tax EPS impact of the FAS/CAS Adjustment and, from time to
time, certain other previously disclosed items as set forth above in the reconciliation. Amounts may not
recalculate due to rounding.
Adjusted Income and Adjusted EPS are not measures of financial performance under GAAP and may not
be defined and calculated by other companies in the same manner. Adjusted Income and Adjusted EPS
should be considered supplemental to and not a substitute for financial information prepared in accor-
dance with GAAP. We are providing these measures because management uses them for the purposes of
evaluating and forecasting the Company’s financial performance and believes that they provide additional
insights into the Company’s underlying business performance. We also believe that they allow investors to
benefit from being able to assess our operating performance in the context of how our principal customer,
the U.S. Government, allows us to recover pension and postretirement benefits (PRB) costs and to better
compare our operating performance to others in the industry on that same basis.
Copyright © 2013 Raytheon Company. All rights reserved.
Raytheon is an equal opportunity employer.