Textron Inc. is a $13.8 billion multi-industry company with approximately 36,000 employees. The Company leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative products and services. Textron is known around the world for its powerful brands such as Beechcraft, Bell Helicopter, Cessna, E-Z-GO, Greenlee, Hawker, Jacobsen, Kautex, Lycoming, Textron Off Road, Textron Systems and TRU Simulation + Training.
Textron Revenue
By Segment
Textron Revenue
By Region
Financial Highlights
| Dollars in millions, except per share data |
2016 |
2015 |
Change |
| Revenues |
$13,788 |
$13,423 |
3% |
| International revenues % |
38% |
38% |
|
| Segment profit 1 |
$ 1,309 |
$ 1,255 |
4% |
| Income from continuing operations—GAAP |
$ 843 |
$ 698 |
21% |
| Adjusted income from continuing |
|
| operations—Non-GAAP 2 |
$ 715 |
$ 698 |
2% |
| Manufacturing group debt 3 |
$ 2,777 |
$ 2,697 |
3% |
| Shareholders’ equity |
$ 5,574 |
$ 4,964 |
12% |
| Manufacturing group debt-to-capital (net of cash) 3 |
23% |
26% |
|
| Common Share Data |
|
| Diluted EPS from continuing operations—GAAP |
$ 3.09 |
$ 2.50 |
24% |
| Adjusted diluted EPS from continuing |
|
| operations—Non-GAAP 2 |
$ 2.62 |
$ 2.50 |
5% |
| Dividends per share |
$ 0.08 |
$ 0.08 |
— |
| Diluted average shares outstanding (in thousands) |
272,365 |
278,727 |
(2)% |
| Key Performance Metrics |
|
| ROIC 4 |
13.4% |
12.0% |
|
| Net cash provided by operating activities of continuing |
|
| operations—Manufacturing group—GAAP |
$ 988 |
$ 1,038 |
(5)% |
| Manufacturing cash flow before pension |
|
| contributions—Non-GAAP 3, 5 |
$ 573 |
$ 631 |
(9)% |
| Manufacturing pension contributions |
$ 50 |
$ 68 |
(26)% |
| Capital expenditures |
$ 446 |
$ 420 |
6% |
| Net Debt |
|
| Finance group debt |
$ 903 |
$ 913 |
$ (10) |
| Manufacturing group debt |
$ 2,777 |
$ 2,697 |
$ 80 |
| Total debt |
$ 3,680 |
$ 3,610 |
$ 70 |
| Less: Consolidated cash and equivalents |
$ 1,298 |
$ 1,005 |
$ 293 |
| Net Debt |
$ 2,382 |
$ 2,605 |
$(223) |
- Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense, certain corporate expenses and special charges. The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense.
- Adjusted income from continuing operations and Adjusted diluted EPS from continuing operations are Non-GAAP measures. See the Financial Data 2016-2015 page for reconciliation to GAAP.
- Our Manufacturing group includes all continuing operations of Textron Inc., except for the Finance segment.
- Calculation of return on invested capital (“ROIC”) is provided on the ROIC page.
- Manufacturing cash flow before pension contributions is a Non-GAAP measure. See the Selected Financial Statistics 2016-2012 page for reconciliation to GAAP.
| (As of May 22, 2017) |
Senior Long-Term |
Short-Term Commercial Paper |
Outlook |
| Textron Inc. Credit Ratings |
|
| S&P |
BBB |
A2 |
Stable |
| |
|
| Moody’s |
Baa2 |
P2 |
Stable |
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