Raytheon 2013 Annual Report Download - page 37

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27
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with the information contained in Item 7,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial
statements and notes thereto included in Item 8 of this Form 10-K, which are incorporated herein by reference, in order to
understand the factors that may affect the comparability of the financial data presented below.
FIVE-YEAR STATISTICAL SUMMARY
(In millions, except per share amounts and total employees) 2013 2012 2011 2010 2009
Results of Operations
Total net sales $23,706 $24,414 $24,791 $25,150 $24,843
Operating income 2,938 2,989 2,830 2,613 3,055
Interest expense, net 198 192 158 114 115
Income from continuing operations 1,949 1,901 1,878 1,844 1,981
Income (loss) from discontinued operations, net of tax 64 (1) 18 35 (5)
Net income 2,013 1,900 1,896 1,879 1,976
Net income attributable to Raytheon Company 1,996 1,888 1,866 1,840 1,935
Diluted earnings per share from continuing operations
attributable to Raytheon Company common stockholders $ 5.96 $ 5.65 $ 5.22 $ 4.79 $ 4.91
Diluted earnings per share attributable to Raytheon Company
common stockholders $ 6.16 $ 5.65 $ 5.28 $ 4.88 $ 4.89
Average diluted shares outstanding 324.2 334.2 353.6 377.0 395.7
Financial Position at Year-End
Cash and cash equivalents $ 3,296 $ 3,188 $ 4,000 $ 3,638 $ 2,642
Short-term investments 1,001 856 — — —
Total current assets 9,816 9,246 9,309 8,822 7,868
Property, plant and equipment, net 1,937 1,986 2,006 2,003 2,001
Total assets 25,967 26,686 25,854 24,422 23,607
Total current liabilities 5,810 5,902 6,130 5,960 5,523
Long-term liabilities (excluding debt) 4,226 7,863 6,779 4,962 5,816
Long-term debt 4,734 4,731 4,605 3,610 2,329
Total equity 11,197 8,190 8,340 9,890 9,939
Cash Flow and Other Information
Net cash provided by (used in) operating activities from
continuing operations $ 2,382 $ 1,951 $ 2,102 $ 1,892 $ 2,699
Net cash provided by (used in) investing activities from
continuing operations (473)(1,523)(1,083)(535)(693)
Net cash provided by (used in) financing activities (1,797)(1,246)(694)(411)(1,650)
Bookings 22,132 26,504 26,555 24,449 25,058
Total backlog 33,685 36,181 35,312 34,551 36,877
Dividends declared per share $ 2.20 $ 2.00 $ 1.72 $ 1.50 $ 1.24
Total employees from continuing operations 63,000 67,800 71,000 72,400 75,100