Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A |
| Revenues: |
| Aeronautics | 26,987.0 | 26,748.0 | 26,266.0 | 23,693.0 | 21,242.0 | 19,410.0 | 17,293.0 | 15,570.0 |
| Rotary & Mission Systems | 16,148.0 | 16,789.0 | 15,995.0 | 15,128.0 | 14,250.0 | 13,663.0 | 13,595.0 | 9,091.0 |
| Space | 11,532.0 | 11,814.0 | 11,880.0 | 10,860.0 | 9,808.0 | 9,605.0 | 9,613.0 | 9,105.0 |
| Missiles & Fire Control | 11,317.0 | 11,693.0 | 11,257.0 | 10,131.0 | 8,462.0 | 7,282.0 | 6,789.0 | 6,770.0 |
| Total revenues [+] | 65,984.0 | 67,044.0 | 65,398.0 | 59,812.0 | 53,762.0 | 49,960.0 | 47,290.0 | 40,536.0 |
| Products | | | | | | | | 34,868.0 |
| Services | | | | | | | | 5,668.0 |
| Revenue growth [+] | -1.6% | 2.5% | 9.3% | 11.3% | 7.6% | 5.6% | 16.7% | 1.5% |
| Aeronautics | 0.9% | 1.8% | 10.9% | 11.5% | 9.4% | 12.2% | 11.1% | 4.4% |
| Rotary & Mission Systems | -3.8% | 5.0% | 5.7% | 6.2% | 4.3% | 0.5% | 49.5% | 4.1% |
| Space | -2.4% | -0.6% | 9.4% | 10.7% | 2.1% | -0.1% | 5.6% | -1.1% |
| Missiles & Fire Control | -3.2% | 3.9% | 11.1% | 19.7% | 16.2% | 7.3% | 0.3% | -4.5% |
| Cost of goods sold [+] | 57,697.0 | 57,983.0 | 56,744.0 | 51,445.0 | 46,584.0 | 43,589.0 | 41,889.0 | 36,044.0 |
| Cost of product sales | | | | | | | | 31,091.0 |
| Cost of services | | | | | | | | 4,824.0 |
| Other cost of sales | -1,260.0 | -1,789.0 | -1,650.0 | | | | | 47.0 |
| Non-recurring costs | | | | | 96.0 | | | 82.0 |
| Gross profit | 8,287.0 | 9,061.0 | 8,654.0 | 8,367.0 | 7,178.0 | 6,371.0 | 5,401.0 | 4,492.0 |
| Gross margin | 12.6% | 13.5% | 13.2% | 14.0% | 13.4% | 12.8% | 11.4% | 11.1% |
| Selling, general and administrative | 161.0 | 98.0 | 17.0 | 178.0 | 60.0 | 373.0 | 506.0 | 220.0 |
| Other operating expenses | -322.0 | -196.0 | -34.0 | -356.0 | -312.0 | -746.0 | -1,012.0 | -522.0 |
| EBITDA [+] | 9,852.0 | 10,523.0 | 9,961.0 | 9,734.0 | 8,591.0 | 7,939.0 | 7,122.0 | 5,820.0 |
| EBITDA growth | -6.4% | 5.6% | 2.3% | 13.3% | 8.2% | 11.5% | 22.4% | -3.1% |
| EBITDA margin | 14.9% | 15.7% | 15.2% | 16.3% | 16.0% | 15.9% | 15.1% | 14.4% |
| Depreciation | 1,156.0 | 1,079.0 | 1,019.0 | 905.0 | 865.0 | 883.0 | 931.0 | 958.0 |
| EBITA | 8,696.0 | 9,444.0 | 8,942.0 | 8,829.0 | 7,726.0 | 7,056.0 | 6,191.0 | 4,862.0 |
| EBITA margin | 13.2% | 14.1% | 13.7% | 14.8% | 14.4% | 14.1% | 13.1% | 12.0% |
| Amortization of intangibles | 248.0 | 285.0 | 271.0 | 284.0 | 296.0 | 312.0 | 284.0 | 68.0 |
| EBIT [+] | 8,448.0 | 9,159.0 | 8,671.0 | 8,545.0 | 7,430.0 | 6,744.0 | 5,907.0 | 4,794.0 |
| EBIT growth | -7.8% | 5.6% | 1.5% | 15.0% | 10.2% | 14.2% | 23.2% | -4.3% |
| EBIT margin | 12.8% | 13.7% | 13.3% | 14.3% | 13.8% | 13.5% | 12.5% | 11.8% |
| Non-recurring items [+] | 100.0 | 36.0 | 27.0 | | 96.0 | | 19.0 | 82.0 |
| Non-recurring expenses in COGS | | | | | 96.0 | | | 82.0 |
| Interest expense | 623.0 | 569.0 | 591.0 | 653.0 | 668.0 | 651.0 | 663.0 | 443.0 |
| Interest expense | 623.0 | 569.0 | 591.0 | 653.0 | 668.0 | 651.0 | 663.0 | 443.0 |
| Other income (expense), net | -1,045.0 | -1,004.0 | 182.0 | -651.0 | -828.0 | -847.0 | -471.0 | 30.0 |
| Pre-tax income | 6,680.0 | 7,550.0 | 8,235.0 | 7,241.0 | 5,838.0 | 5,246.0 | 4,754.0 | 4,299.0 |
| Income taxes | 948.0 | 1,235.0 | 1,347.0 | 1,011.0 | 792.0 | 3,356.0 | 1,093.0 | 1,173.0 |
| Tax rate | 14.2% | 16.4% | 16.4% | 14.0% | 13.6% | 64.0% | 23.0% | 27.3% |
| Earnings from continuing ops | 5,732.0 | 6,315.0 | 6,888.0 | 6,230.0 | 5,046.0 | 1,890.0 | 3,661.0 | 3,126.0 |
| Earnings from discontinued ops | | | -55.0 | | | 73.0 | 1,512.0 | 479.0 |
| Net income | 5,732.0 | 6,315.0 | 6,833.0 | 6,230.0 | 5,046.0 | 1,963.0 | 5,173.0 | 3,605.0 |
| Net margin | 8.7% | 9.4% | 10.4% | 10.4% | 9.4% | 3.9% | 10.9% | 8.9% |
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| Basic EPS [+] | $21.74 | $22.85 | $24.60 | $22.09 | $17.74 | $6.57 | $12.23 | $10.07 |
| Growth | -4.9% | -7.1% | 11.4% | 24.6% | 170.1% | -46.3% | 21.4% | -1.9% |
| Diluted EPS [+] | $21.66 | $22.76 | $24.50 | $21.95 | $17.59 | $6.50 | $12.08 | $9.93 |
| Growth | -4.8% | -7.1% | 11.6% | 24.8% | 170.5% | -46.2% | 21.6% | -1.6% |
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| Dividends per share [+] | $11.40 | $10.60 | $9.80 | $9.00 | $8.20 | $7.46 | $6.77 | $6.15 |
| Growth | 7.5% | 8.2% | 8.9% | 9.8% | 9.9% | 10.2% | 10.1% | 12.0% |
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| Shares outstanding (basic) [+] | 263.7 | 276.4 | 280.0 | 282.0 | 284.5 | 287.8 | 299.3 | 310.3 |
| Growth | -4.6% | -1.3% | -0.7% | -0.9% | -1.1% | -3.8% | -3.5% | -2.1% |
| Shares outstanding (diluted) [+] | 264.6 | 277.4 | 281.2 | 283.8 | 286.8 | 290.6 | 303.1 | 314.7 |
| Growth | -4.6% | -1.4% | -0.9% | -1.0% | -1.3% | -4.1% | -3.7% | -2.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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