Income StatementBalance SheetCash FlowSegments
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Raytheon Technologies Cash Flow Statement

Operating, investing, and financing cash movements

Raytheon Technologies generated $11.1B in operating cash flow over the trailing twelve months. After $2.7B in capital expenditures, free cash flow was $8.5B. Free cash flow increased 0.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$11.1BNet Cash From Investing (TTM)-$2.7BNet Cash From Financing (TTM)-$8.3BCapital Expenditures (TTM)$2.7BDepreciation And Amortization Cf (TTM)$4.4BNet Change In Cash (TTM)$1.7B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$238.38B
P/E Ratio32.85
ROE11.36%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$1.1B$513.0M$530.0M$614.0M$970.0M$546.0M
Payments for Derivative Instruments (Investing)$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Proceeds from Derivative Instrument Investing Activities$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Payments for (Proceeds from) Derivative Instruments, Investing$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Payments for (Proceeds from) Derivative Instrument, Investing Activities$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Payment for (Proceeds from) Other Investing Activity-$103.0M$14.0M$49.0M$24.0M$36.0M$36.0M
Payments to Acquire Intangible Assets$164.0M$104.0M$122.0M$121.0M$145.0M$98.0M
Net cash from investing activities-$779.0M-$678.0M-$509.0M—-$549.0M-$608.0M
Investing Cash Flows from Derivatives$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Payments for (Proceeds from) Derivative Instruments, Investing$145.0M$47.0M-$192.0M-$42.0M—-$72.0M
Payments for Deposits$164.0M$104.0M$122.0M$121.0M$145.0M$98.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$397.0M-$538.0M$2.2B$1.3B-$1.2B
Change in deferred revenue$676.0M$373.0M$0.0$986.0M$1.4B$94.0M
Change in inventories—$813.0M$384.0M——$813.0M
Other working capital changes—-$147.0M-$162.0M-$97.0M-$70.0M$89.0M
Change in receivables$1.1B$372.0M$765.0M$351.0M$1.7B-$1.8B
Deferred income taxes-$94.0M$67.0M$54.0M$477.0M$191.0M$26.0M
Depreciation and amortization$1.1B$1.1B$1.1B$1.1B$1.2B$1.1B
Pension and Other Postretirement Benefits Expense Reversal-$334.0M-$324.0M———-$313.0M
Net cash from operating activities$1.6B$1.3B$458.0M$4.6B$4.2B$1.9B
Share-based 401(k) matching contributions$138.0M$167.0M$140.0M$128.0M$138.0M$192.0M
Increase (Decrease) in Contract with Customer, Asset$0.0$706.0M$484.0M$934.0M$519.0M$979.0M
Increase (Decrease) in Other Operating Assets$160.0M$125.0M$0.0$879.0M$76.0M$469.0M
Pension and other postretirement income-$334.0M-$324.0M———-$313.0M
Share-Based 401(k) Matching Contributions$138.0M$167.0M$140.0M$128.0M$138.0M$192.0M
Stock-based compensation$109.0M$111.0M$113.0M$113.0M$182.0M$132.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$800.0M$9.0M$780.0M$1.5B$1.1B$500.0M
Dividends paid$802.0M$840.0M$910.0M$910.0M$914.0M$915.0M
Proceeds from bridge loan$0.0$0.0$0.0$0.0$0.0—
Other, net-$185.0M-$157.0M-$113.0M-$69.0M-$94.0M-$425.0M
Repayment of bridge loan$0.0$0.0$0.0$0.0$0.0—
Payment of Deferred Purchase Consideration-$185.0M-$157.0M-$113.0M-$69.0M-$94.0M-$425.0M
Noncontrolling interest transactions and other-$185.0M-$157.0M-$113.0M-$69.0M-$94.0M-$425.0M
Net cash from financing activities-$1.9B-$1.1B-$353.0M-$3.9B-$2.2B-$1.8B
Noncontrolling Interests Activity and Other-$185.0M-$157.0M-$113.0M-$69.0M-$94.0M-$425.0M
Repurchases of common stock$50.0M$50.0M———$0.0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$492.0M$792.0M$0.0$4.0B$3.2B$1.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$39.0M$16.0M$38.0M—$4.0M-$6.0M
Net increase (decrease) in cash-$1.1B-$413.0M-$366.0M$1.2B$1.5B-$599.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$294.0M$401.8M$401.8M$401.8M$401.8M—
Interest paid$485.5M$464.5M$464.5M$464.5M$464.5M—
Income Taxes Paid, Net$294.0M$401.8M$401.8M$401.8M$401.8M—