Raytheon 2014 Annual Report Download - page 37

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28
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) 2014 2013 2012 2011 2010
Results of Operations
Total net sales $22,826 $23,706 $24,414 $24,791 $25,150
Operating income 3,179 2,938 2,989 2,830 2,613
Interest expense, net 203 198 192 158 114
Income from continuing operations 2,193 1,949 1,901 1,878 1,844
Income (loss) from discontinued operations, net of tax 65 64 (1) 18 35
Net income 2,258 2,013 1,900 1,896 1,879
Net income attributable to Raytheon Company 2,244 1,996 1,888 1,866 1,840
Diluted earnings per share from continuing operations
attributable to Raytheon Company common stockholders $ 6.97 $ 5.96 $ 5.65 $ 5.22 $ 4.79
Diluted earnings per share attributable to Raytheon Company
common stockholders $ 7.18 $ 6.16 $ 5.65 $ 5.28 $ 4.88
Average diluted shares outstanding 312.6 324.2 334.2 353.6 377.0
Financial Position at Year-End
Cash and cash equivalents $ 3,222 $ 3,296 $ 3,188 $ 4,000 $ 3,638
Short-term investments 1,497 1,001 856 — —
Total current assets 10,292 9,816 9,246 9,309 8,822
Property, plant and equipment, net 1,935 1,937 1,986 2,006 2,003
Total assets 27,900 25,967 26,686 25,854 24,422
Total current liabilities 5,930 5,810 5,902 6,130 5,960
Long-term liabilities (excluding debt) 6,919 4,226 7,863 6,779 4,962
Long-term debt 5,330 4,734 4,731 4,605 3,610
Total equity 9,721 11,197 8,190 8,340 9,890
Cash Flow and Other Information
Net cash provided by (used in) operating activities from
continuing operations $ 2,064 $ 2,382 $ 1,951 $ 2,102 $ 1,892
Net cash provided by (used in) investing activities from
continuing operations (1,322)(473)(1,523)(1,083)(535)
Net cash provided by (used in) financing activities (936)(1,797)(1,246)(694)(411)
Bookings 24,052 22,132 26,504 26,555 24,449
Total backlog 33,571 33,685 36,181 35,312 34,551
Dividends declared per share $ 2.42 $ 2.20 $ 2.00 $ 1.72 $ 1.50
Total employees from continuing operations 61,000 63,000 67,800 71,000 72,400