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Raytheon Co (RTN) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Raytheon Co

CIK: 1047122 Ticker: RTN
Exhibit 99.1

rtnlogo1a01a06a01a18.jpg
 
 
Raytheon Company
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Global Headquarters
 
 
Waltham, Mass.
 
 
 
 
 
Investor Relations Contact
 
 
Todd Ernst
 
 
 
781.522.5141
 
 
 
 
 
 
 
Media Contact
 
 
 
Corinne Kovalsky
 
 
 
781.522.5899
For Immediate Release

Raytheon Reports Strong Fourth Quarter and Full-Year 2017 Results

Strong bookings of $8.5 billion in the quarter and $27.7 billion for the year; book-to-bill ratio of 1.26 in the quarter and 1.09 for the year
Fourth quarter net sales of $6.8 billion, up 8.0 percent; full-year net sales of $25.3 billion, up 5.1 percent for the year
Strong operating cash flow from continuing operations of $1.6 billion in the quarter and $2.7 billion for the year, after a $1.0 billion pretax discretionary pension plan contribution in the fourth quarter, which was not in prior guidance
Fourth quarter EPS from continuing operations of $1.35 and full-year EPS from continuing operations of $6.94; both periods included an unfavorable $0.59 impact from the enactment of the Tax Cuts and Jobs Act of 2017 and $0.09 impact from the discretionary pension contribution
__________________________________________________________________________________________________

WALTHAM, Mass., (January 25, 2018) - Raytheon Company (NYSE: RTN) today announced net sales for the fourth quarter 2017 of $6.8 billion, up 8.0 percent compared to $6.3 billion in the fourth quarter 2016. Fourth quarter 2017 EPS from continuing operations was $1.35 compared to $1.87 in the fourth quarter 2016. Fourth quarter and full-year 2017 included an unfavorable $0.59 provisional tax-related impact due to the enactment of the Tax Cuts and Jobs Act of 2017.
In addition, the company made a $1.0 billion pretax discretionary pension plan contribution in the fourth quarter 2017, which had an unfavorable tax-related EPS impact of $0.09 and was not included in the company’s prior guidance. The company made a $500 million pretax discretionary pension plan contribution in the fourth quarter 2016, which had an unfavorable tax-related EPS impact of $0.04.
Net sales in 2017 were $25.3 billion, up 5.1 percent compared to $24.1 billion in 2016. Full-year 2017 EPS from continuing operations was $6.94 compared to $7.55 for the full-year 2016.
“Raytheon delivered record sales and strong cash flow in 2017 reflecting the continued hard work and dedication of the Raytheon team,” said Thomas A. Kennedy, Raytheon Chairman and CEO. “Bookings strength across our broad portfolio of proven technology solutions positions the company well for the future.”
The company generated strong operating cash flow for both the fourth quarter and full-year. Operating cash flow from continuing operations for the fourth quarter 2017 and full-year 2017 was $1.6 billion and $2.7 billion, respectively, after making the $1.0 billion pretax discretionary cash contribution to the company’s pension plans.


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The following information was filed by Raytheon Co (RTN) on Thursday, January 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Raytheon Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Acquisitions And Goodwill
Acquisitions And Goodwill (intangible Assets Acquired) (details)
Acquisitions And Goodwill (narrative) (details)
Acquisitions And Goodwill (purchase Price Allocation) (details)
Acquisitions And Goodwill (rollforward Of Goodwill By Segments) (details)
Acquisitions And Goodwill (tables)
Business Segment Reporting
Business Segment Reporting (capital Expenditures) (details)
Business Segment Reporting (components Of Fas/cas Adjustment) (details)
Business Segment Reporting (components Of Total Assets) (details)
Business Segment Reporting (depreciation And Amortization) (details)
Business Segment Reporting (disaggregation Of Revenue) (details)
Business Segment Reporting (schedule Of Property Plant And Equipment By Geographic Area) (details)
Business Segment Reporting (segment Operating Performance) (details)
Business Segment Reporting (tables)
Commercial Paper And Long-term Debt
Commercial Paper And Long-term Debt (adjustments And Payments To The Principal Amounts Of Long-term Debt) (details)
Commercial Paper And Long-term Debt (fair Value Of Long-term Debt) (details)
Commercial Paper And Long-term Debt (narrative) (details)
Commercial Paper And Long-term Debt (schedule Of Notes Payable And Long-term Debt) (details)
Commercial Paper And Long-term Debt (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (remediation Cost Estimates) (details)
Commitments And Contingencies (schedule Of Annual Rentals On A Net Lease Basis) (details)
Commitments And Contingencies (schedule Of Environmental Remediation Costs) (details)
Commitments And Contingencies (stated Values Outstanding) (details)
Commitments And Contingencies (tables)
Contract Assets And Contract Liabilities
Contract Assets And Contract Liabilities (narrative) (details)
Contract Assets And Contract Liabilities (net Contract Assets (liabilities)) (details)
Contract Assets And Contract Liabilities (schedule Of Contract Assets) (details)
Contract Assets And Contract Liabilities (tables)
Earnings Per Share (eps)
Earnings Per Share (eps) (eps From Continuing Operations) (details)
Earnings Per Share (eps) (income From Participating Securities) (details)
Earnings Per Share (eps) (narrative) (details)
Earnings Per Share (eps) (tables)
Earnings Per Share (eps) (weighted-average Shares Outstanding For Basic And Diluted Eps) (details)
Eborders Settlement
Eborders Settlement (narrative) (details)
Forcepoint Joint Venture
Forcepoint Joint Venture (narrative) (details)
Forcepoint Joint Venture (redeemable Noncontrolling Interest Rollforward) (details)
Forcepoint Joint Venture (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Deferred Income Tax) (details)
Income Taxes (schedule Of Domestic And Foreign Income From Continuing Operations Before Taxes) (details)
Income Taxes (schedule Of Expenses For Income Taxes That Differ From The Us Statutory Rate Reconciliation) (details)
Income Taxes (schedule Of Income Taxes Paid, Net) (details)
Income Taxes (schedule Of Provision For Federal And Foreign Income Taxes) (details)
Income Taxes (tables)
Other Assets, Net
Other Assets, Net (narrative) (details)
Other Assets, Net (schedule Of Other Assets, Net) (details)
Other Assets, Net (tables)
Pension And Other Employee Benefits
Pension And Other Employee Benefits (adjustment To Accumulated Other Comprehensive Loss) (details)
Pension And Other Employee Benefits (fair Value Of Plan Assets) (details)
Pension And Other Employee Benefits (long-term Returns Used In Roa Assumptions) (details)
Pension And Other Employee Benefits (marketable Securities Held In Trust) (details)
Pension And Other Employee Benefits (narrative) (details)
Pension And Other Employee Benefits (pbo & Abo Schedule) (details)
Pension And Other Employee Benefits (pension Benefits Expected To Be Paid From Plans Or Companies Assets) (details)
Pension And Other Employee Benefits (pension Contributions) (details)
Pension And Other Employee Benefits (schedule Of Change In Plan Assets) (details)
Pension And Other Employee Benefits (schedule Of Change In Projected Benefit Obligation) (details)
Pension And Other Employee Benefits (schedule Of Components Of Net Periodic Benefit Expense (income) Pension) (details)
Pension And Other Employee Benefits (schedule Of Components Of Net Periodic Benefit Expense (income) Prb Benefits) (details)
Pension And Other Employee Benefits (schedule Of Fair Value Measurements Of The Company's Pension Plan Assets By Asset Category And By Level) (details)
Pension And Other Employee Benefits (schedule Of Funded Status Amounts Recognized On Our Balance Sheets) (details)
Pension And Other Employee Benefits (schedule Of Investment Allocation Ranges) (details)
Pension And Other Employee Benefits (schedule Of Reconciliation Of Amounts On Our Balance Sheets) (details)
Pension And Other Employee Benefits (schedule Of Weighted-average Net Periodic Benefit Cost Assumptions) (details)
Pension And Other Employee Benefits (schedule Of Weighted-average Year-end Benefit Obligation Assumptions) (details)
Pension And Other Employee Benefits (source Of Change In Accumulated Other Comprehensive Loss) (details)
Pension And Other Employee Benefits (tables)
Pension And Other Employee Benefits (veba Trusts) (details)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (narrative) (details)
Property, Plant And Equipment, Net (property, Plant And Equipment, Net) (details)
Property, Plant And Equipment, Net (tables)
Quarterly Operating Results (unaudited)
Quarterly Operating Results (unaudited) (schedule Of Quarterly Operating Results) (details)
Quarterly Operating Results (unaudited) (tables)
Receivables, Net
Receivables, Net (schedule Of Receivables, Net) (details)
Receivables, Net (tables)
Stock-based Compensation Plans
Stock-based Compensation Plans (assumptions Used In Black-scholes Model) (details)
Stock-based Compensation Plans (assumptions Used In Monte Carlo Model) (details)
Stock-based Compensation Plans (narrative) (details)
Stock-based Compensation Plans (schedule Of Stock-based Compensation Arrangements By Share-based Payment Award - Ltpp) (details)
Stock-based Compensation Plans (schedule Of Stock-based Compensation Arrangements By Share-based Payment Award - Restricted Stock And Rsus) (details)
Stock-based Compensation Plans (schedule Of Stock-based Compensation) (details)
Stock-based Compensation Plans (tables)
Stockholders' Equity
Stockholders' Equity (changes In Shares Of Common Stock Outstanding) (details)
Stockholders' Equity (narrative) (details)
Stockholders' Equity (repurchases Of Common Stock Under Share Repurchase Programs) (details)
Stockholders' Equity (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accumulated Other Comprehensive Income) (details)
Summary Of Significant Accounting Policies (inventories) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (net Eac Adjustments) (details)
Summary Of Significant Accounting Policies (new Accounting Pronouncement, Early Adoption Of Asu 2014-09) (details)
Summary Of Significant Accounting Policies (new Accounting Pronouncement, Early Adoption Of Asu 2016-18) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (property, Plant And Equipment, Net) (details)
Summary Of Significant Accounting Policies (tables)
Thales-raytheon Systems Co. Ltd. (trs) Joint Venture
Thales-raytheon Systems Co. Ltd. (trs) Joint Venture Thales-raytheon Systems Co. Ltd. (trs) Joint Venture (narrative) (details)
Ticker: RTN
CIK: 1047122
Form Type: 10-K Annual Report
Accession Number: 0001047122-18-000022
Submitted to the SEC: Wed Feb 14 2018 10:22:29 AM EST
Accepted by the SEC: Wed Feb 14 2018
Period: Sunday, December 31, 2017
Industry: Search Detection Navagation Guidance Aeronautical Sys

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