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TXT Stock Price Correlated With Textron Financials

TXT Stock Price vs. Quarterly
TXT
Income Statement
Cash Flow
Balance Sheet

TXT Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

TXT Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

TXT Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group
22,512,608 sh
-322,094 sh
-1%
$1,810,464
$26,162
Blackrock.
16,727,725 sh
-173,722 sh
-1%
$1,345,243
$24,563
T. Rowe Price Investment Management.
13,548,397 sh
-4,680,558 sh
-26%
$1,090
-$198
State Street
8,849,649 sh
379,936 sh
4%
$711,861
$49,861
Boston Partners
7,016,363 sh
139,927 sh
2%
$564,236
$26,950
Invesco.
6,843,783 sh
-52,319 sh
-1%
$550,378
$11,517
Victory Capital Management
6,046,460 sh
-709,979 sh
-11%
$486,257
-$41,691
JPMorgan Chase
5,407,508 sh
-337,600 sh
-6%
$434,869
-$14,054
Primecap Management Co/Ca/
5,375,995 sh
-18,205 sh
0%
$432,338
$10,835
Price T Rowe Associates /Md/
4,451,717 sh
-32,355 sh
-1%
$358
$7
Geode Capital Management
4,388,985 sh
40,802 sh
1%
$352,032
$12,998
Lsv Asset Management
3,793,047 sh
521,276 sh
16%
$305
$49
Dimensional Fund Advisors
2,718,753 sh
-87,389 sh
-3%
$218,645
-$632
FMR
2,691,600 sh
34,155 sh
1%
$216,458
$8,806
Morgan Stanley
2,566,789 sh
303,165 sh
13%
$206,422
$29,543
Northernrp
1,755,851 sh
-1,407 sh
0%
$141,205
$3,893
Charles Schwab Investment Management
1,692,173 sh
19,769 sh
1%
$136,085
$5,403
Gamco Investors. Et Al
1,616,933 sh
-66,039 sh
-4%
$130,034
-$1,473
Bank Of New York Mellon
1,490,243 sh
-197,681 sh
-12%
$119,845
-$12,050
Legal & General Group Plc
1,427,523 sh
257,642 sh
22%
$114,801
$23,387
COMPANY PROFILE
Basis of Presentation Our Consolidated Financial Statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.  We have prepared these unaudited consolidated financial statements in accordance with accounting principles generally accepted in the U.S. for interim financial information.  Accordingly, these interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.  The consolidated interim financial statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 1, 2022.  In the opinion of management, the interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.

Our financings are conducted through two separate borrowing groups.  The Manufacturing group consists of Textron consolidated with its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems and Industrial segments. The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries. We designed this framework to enhance our borrowing power by separating the Finance group. Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services. Due to the fundamental differences between each borrowing group’s activities, investors, rating agencies and analysts use different measures to evaluate each group’s performance.  To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the Consolidated Financial Statements.  All significant intercompany transactions are eliminated from the Consolidated Financial Statements, including retail financing activities for inventory sold by our Manufacturing group and financed by our Finance group.

Use of Estimates

We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.  Actual results could differ from those estimates. Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.

Contract Estimates

For contracts where revenue is recognized over time, we recognize changes in estimated contract revenues, costs and profits using the cumulative catch-up method of accounting. This method recognizes the cumulative effect of changes on current and prior periods with the impact of the change from inception-to-date recorded in the current period.  Anticipated losses on contracts are recognized in full in the period in which the losses become probable and estimable.

In the first quarter of 2022, our cumulative catch-up adjustments decreased segment profit by $17 million and net income by $13 million, $0.06 per diluted share. In the first quarter of 2021, our cumulative catch-up adjustments increased segment profit by $14 million and net income by $11 million, $0.05 per diluted share. Gross favorable profit adjustments totaled $16 million and $36 million in the first quarter of 2022 and 2021, respectively, and gross unfavorable profit adjustments totaled $33 million and $22 million, respectively. We reduced revenues by $12 million and recognized revenues of $18 million in the first quarter of 2022 and 2021, respectively,

Free historical financial statements for Textron Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 56 quarters since 2010. Compare with TXT stock chart to see long term trends.

Data imported from Textron Inc SEC filings. Check original filings before making any investment decision.