RAYTHEON TECHNOLOGIES CORP (UTX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16
	8-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
UTC Climate, Controls & Security							17,812.0	16,851.0
Pratt & Whitney		18,150.0	16,799.0	20,905.0	19,404.0		16,160.0	14,894.0
Otis							12,341.0	11,893.0
Other		46,238.0	39,788.0	24,444.0	15,297.0		13,524.0	13,606.0
Total revenues [+]	69,785.0	64,388.0	56,587.0	45,349.0	34,701.0	66,501.0	59,837.0	57,244.0
Products	67,074.0	64,388.0	56,587.0	45,349.0	34,701.0	66,501.0
Revenue growth [+]	8.4%	13.8%	24.8%	30.7%	-42.0%		4.5%	2.0%
UTC Climate, Controls & Security							5.7%	0.9%
Pratt & Whitney		8.0%	-19.6%	7.7%	20.1%		8.5%	5.8%
Otis							3.8%	-0.7%
Cost of goods sold	56,117.0	51,897.0	44,873.0	34,598.0	27,465.0	0.0	44,201.0	41,458.0
Gross profit	13,668.0	12,491.0	11,714.0	10,751.0	7,236.0	66,501.0	15,636.0	15,786.0
Gross margin	19.6%	19.4%	20.7%	23.7%	20.9%	100.0%	26.1%	27.6%
Selling, general and administrative	5,663.0	5,224.0	5,540.0	3,711.0	2,864.0		6,429.0	5,958.0
Research and development		2,732.0	2,582.0	2,452.0	1,878.0		2,427.0	2,376.0
Other operating expenses	2,591.0	-423.0	2,298.0	-326.0	-383.0	57,948.0	-1,358.0	-782.0
EBITDA [+]	9,522.0	9,515.0	5,450.0	7,622.0	4,773.0	10,986.0	10,278.0	10,196.0
EBITDA growth	0.1%	74.6%	-28.5%	59.7%	-53.6%		0.8%	-32.9%
EBITDA margin	13.6%	14.8%	9.6%	16.8%	13.8%	16.5%	17.2%	17.8%
Depreciation	4,108.0	2,118.0	2,031.0	1,464.0	1,160.0	2,433.0	1,306.0	1,184.0
EBITA	5,414.0	7,397.0	3,419.0	6,158.0	3,613.0	8,553.0	8,972.0	9,012.0
EBITA margin	7.8%	11.5%	6.0%	13.6%	10.4%	12.9%	15.0%	15.7%
Amortization of intangibles		2,439.0	2,125.0	1,244.0	736.0		834.0	778.0
EBIT [+]	5,414.0	4,958.0	1,294.0	4,914.0	2,877.0	8,553.0	8,138.0	8,234.0
EBIT growth	9.2%	283.2%	-73.7%	70.8%	-64.6%		-1.2%	-38.2%
EBIT margin	7.8%	7.7%	2.3%	10.8%	8.3%	12.9%	13.6%	14.4%
Non-recurring items [+]			3,183.0					13.0
Loss (gain) on sale of assets								13.0
Interest expense	1,276.0	1,322.0	1,366.0	1,591.0	1,032.0		909.0	1,039.0
Interest expense	1,276.0	1,322.0	1,366.0	1,591.0	1,032.0		909.0	1,039.0
Other income (expense), net	1,889.0	1,295.0	902.0	829.0	659.0	-273.0	534.0	-49.0
Pre-tax income	6,027.0	4,931.0	-2,353.0	4,152.0	2,504.0	8,280.0	7,763.0	7,133.0
Income taxes	700.0	786.0	575.0	421.0	1,098.0	0.0	2,843.0	1,697.0
Tax rate	11.6%	15.9%		10.1%	43.8%	0.0%	36.6%	23.8%
Earnings from continuing ops	5,204.0	33.0	367.0	-2,217.0	-4,248.0	5,269.0	4,920.0	5,446.0
Earnings from discontinued ops		-33.0	-367.0	2,217.0	4,248.0			-10.0
Net income	5,204.0	0.0	0.0	0.0	0.0	5,269.0	4,920.0	5,436.0
Net margin	7.5%	0.0%	0.0%	0.0%	0.0%	7.9%	8.2%	9.5%

Basic EPS [+]	$3.53	$21.98	$270.29	($2,593.59)	($5,307.35)		$6.23	$6.66
Growth	-84.0%	-91.9%	-110.4%	-51.1%	-85319.6%		-6.4%	678.7%
Diluted EPS [+]	$3.50	$21.88	$270.29	($2,566.27)	($5,243.80)		$6.16	$6.59
Growth	-84.0%	-91.9%	-110.5%	-51.1%	-85269.1%		-6.6%	680.5%

Dividends per share [+]	$2.12	$2.01	$2.16	$2.94	$2.84		$2.72	$2.62
Growth	5.7%	-7.2%	-26.5%	3.5%	4.4%		3.8%	2.3%

Shares outstanding (basic) [+]	1,475.5	1.5	1.4	0.9	0.8		790.0	818.2
Growth	98161.9%	10.6%	58.8%	6.8%	-99.9%		-3.4%	-6.2%
Shares outstanding (diluted) [+]	1,485.9	1.5	1.4	0.9	0.8		799.1	826.1
Growth	98401.8%	11.1%	57.2%	6.6%	-99.9%		-3.3%	-6.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.