Textron Historical Income Statement

TXT Stock

USD 85.08 0.05 0.06%

Historical analysis of Textron income statement accounts such as Other Operating Expenses of 10.4 B, Operating Income of 1 B, EBIT of 1.1 B or Ebitda of 1.5 B can show how well Textron performed in making a profits. Evaluating Textron income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Textron's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Textron latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Textron is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Textron Stock please use our How to Invest in Textron guide.

About Textron Income Statement Analysis

Textron Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Textron shareholders. The income statement also shows Textron investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Textron Income Statement Chart

At this time, Textron's Interest Expense is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 35.7 M in 2024, whereas Gross Profit is likely to drop slightly above 2.1 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Extraordinary Items

Total Revenue

Total revenue comprises all receipts Textron generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Textron minus its cost of goods sold. It is profit before Textron operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Textron. It is also known as Textron overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Textron operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Textron is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Textron's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Textron current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Textron Stock please use our How to Invest in Textron guide.At this time, Textron's Interest Expense is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 35.7 M in 2024, whereas Gross Profit is likely to drop slightly above 2.1 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	2.1B	2.3B	2.1B
Total Revenue	12.4B	12.9B	13.7B	11.8B

Gross Profit Total Revenue

Textron income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Research Development	Net Income From Continuing Ops	Non Recurring	Discontinued Operations	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other
Depreciation And Amortization		0.8	0.96	0.62	0.96	0.77	0.49	0.5	0.96	0.41	0.53	-0.32	0.42	-0.14	-0.05	0.99	0.89	0.68	-0.57	0.17	-0.03	0.02	-0.09	0.01	-0.01	-0.01
Interest Expense	0.8		0.73	0.52	0.72	0.58	0.6	0.61	0.71	0.2	0.26	-0.49	0.17	-0.09	0.07	0.81	0.75	0.4	-0.54	0.14	0.0	0.4	-0.06	-0.35	0.14	0.15
Total Revenue	0.96	0.73		0.73	1.0	0.86	0.46	0.47	0.98	0.58	0.66	-0.22	0.56	-0.19	-0.1	0.96	0.87	0.78	-0.56	0.19	-0.08	-0.1	-0.11	0.11	-0.04	-0.01
Gross Profit	0.62	0.52	0.73		0.69	0.9	0.6	0.6	0.59	0.89	0.79	0.07	0.65	-0.09	-0.24	0.64	0.75	0.71	-0.13	0.26	-0.03	-0.08	-0.07	0.15	-0.06	-0.11
Other Operating Expenses	0.96	0.72	1.0	0.69		0.82	0.44	0.45	0.99	0.54	0.63	-0.25	0.54	-0.2	-0.05	0.95	0.86	0.76	-0.58	0.18	-0.08	-0.09	-0.12	0.07	-0.02	0.04
Operating Income	0.77	0.58	0.86	0.9	0.82		0.46	0.47	0.75	0.7	0.85	-0.02	0.72	-0.01	-0.41	0.77	0.81	0.84	-0.32	0.26	-0.05	-0.15	0.0	0.22	-0.11	-0.12
Ebit	0.49	0.6	0.46	0.6	0.44	0.46		1.0	0.4	0.36	0.41	-0.04	0.25	-0.23	-0.23	0.54	0.63	0.26	0.02	0.3	0.41	0.57	-0.15	-0.5	0.62	0.33
Ebitda	0.5	0.61	0.47	0.6	0.45	0.47	1.0		0.41	0.37	0.42	-0.04	0.25	-0.23	-0.23	0.55	0.64	0.27	0.02	0.3	0.4	0.57	-0.15	-0.5	0.62	0.32
Cost Of Revenue	0.96	0.71	0.98	0.59	0.99	0.75	0.4	0.41		0.44	0.57	-0.29	0.49	-0.2	-0.05	0.95	0.83	0.72	-0.61	0.16	-0.07	-0.06	-0.11	0.03	0.04	0.1
Total Operating Expenses	0.41	0.2	0.58	0.89	0.54	0.7	0.36	0.37	0.44		0.7	0.17	0.6	-0.05	-0.08	0.43	0.52	0.62	-0.09	0.15	-0.12	-0.36	-0.08	0.36	-0.18	-0.21
Income Before Tax	0.53	0.26	0.66	0.79	0.63	0.85	0.41	0.42	0.57	0.7		0.43	0.91	-0.02	-0.49	0.53	0.61	0.9	-0.24	0.1	-0.04	-0.24	0.08	0.27	-0.03	-0.07
Total Other Income Expense Net	-0.32	-0.49	-0.22	0.07	-0.25	-0.02	-0.04	-0.04	-0.29	0.17	0.43		0.45	-0.16	-0.24	-0.33	-0.29	0.25	0.25	-0.1	-0.06	-0.31	0.09	0.33	-0.15	-0.15
Net Income	0.42	0.17	0.56	0.65	0.54	0.72	0.25	0.25	0.49	0.6	0.91	0.45		0.05	-0.33	0.42	0.5	0.93	-0.24	0.33	-0.39	-0.28	0.42	0.27	-0.08	-0.02
Income Tax Expense	-0.14	-0.09	-0.19	-0.09	-0.2	-0.01	-0.23	-0.23	-0.2	-0.05	-0.02	-0.16	0.05		-0.21	-0.16	0.02	0.04	-0.3	-0.2	-0.16	-0.21	0.61	0.18	-0.11	-0.13
Selling General Administrative	-0.05	0.07	-0.1	-0.24	-0.05	-0.41	-0.23	-0.23	-0.05	-0.08	-0.49	-0.24	-0.33	-0.21		-0.08	-0.15	-0.27	-0.02	-0.03	-0.49	0.01	0.02	-0.12	-0.21	0.05
Selling And Marketing Expenses	0.99	0.81	0.96	0.64	0.95	0.77	0.54	0.55	0.95	0.43	0.53	-0.33	0.42	-0.16	-0.08		0.86	0.66	-0.56	0.23	0.0	0.05	-0.09	0.01	0.03	-0.05
Research Development	0.89	0.75	0.87	0.75	0.86	0.81	0.63	0.64	0.83	0.52	0.61	-0.29	0.5	0.02	-0.15	0.86		0.67	-0.38	0.22	0.01	0.14	0.01	-0.15	0.16	0.17
Net Income From Continuing Ops	0.68	0.4	0.78	0.71	0.76	0.84	0.26	0.27	0.72	0.62	0.9	0.25	0.93	0.04	-0.27	0.66	0.67		-0.48	0.22	-0.37	-0.33	0.3	0.34	-0.21	-0.13
Non Recurring	-0.57	-0.54	-0.56	-0.13	-0.58	-0.32	0.02	0.02	-0.61	-0.09	-0.24	0.25	-0.24	-0.3	-0.02	-0.56	-0.38	-0.48		0.27	0.19	0.25	-0.18	-0.18	0.19	0.06
Discontinued Operations	0.17	0.14	0.19	0.26	0.18	0.26	0.3	0.3	0.16	0.15	0.1	-0.1	0.33	-0.2	-0.03	0.23	0.22	0.22	0.27		-0.4	0.18	0.44	-0.13	0.16	0.08
Tax Provision	-0.03	0.0	-0.08	-0.03	-0.08	-0.05	0.41	0.4	-0.07	-0.12	-0.04	-0.06	-0.39	-0.16	-0.49	0.0	0.01	-0.37	0.19	-0.4		0.36	-0.69	-0.29	0.53	0.18
Interest Income	0.02	0.4	-0.1	-0.08	-0.09	-0.15	0.57	0.57	-0.06	-0.36	-0.24	-0.31	-0.28	-0.21	0.01	0.05	0.14	-0.33	0.25	0.18	0.36		-0.09	-0.92	0.73	0.53
Extraordinary Items	-0.09	-0.06	-0.11	-0.07	-0.12	0.0	-0.15	-0.15	-0.11	-0.08	0.08	0.09	0.42	0.61	0.02	-0.09	0.01	0.3	-0.18	0.44	-0.69	-0.09		0.07	-0.09	-0.04
Net Interest Income	0.01	-0.35	0.11	0.15	0.07	0.22	-0.5	-0.5	0.03	0.36	0.27	0.33	0.27	0.18	-0.12	0.01	-0.15	0.34	-0.18	-0.13	-0.29	-0.92	0.07		-0.82	-0.8
Reconciled Depreciation	-0.01	0.14	-0.04	-0.06	-0.02	-0.11	0.62	0.62	0.04	-0.18	-0.03	-0.15	-0.08	-0.11	-0.21	0.03	0.16	-0.21	0.19	0.16	0.53	0.73	-0.09	-0.82		0.78
Non Operating Income Net Other	-0.01	0.15	-0.01	-0.11	0.04	-0.12	0.33	0.32	0.1	-0.21	-0.07	-0.15	-0.02	-0.13	0.05	-0.05	0.17	-0.13	0.06	0.08	0.18	0.53	-0.04	-0.8	0.78

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Textron Account Relationship Matchups

Textron income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	416M	379M	376M	392M	395M	393.6M
Total Revenue	13.6B	11.7B	12.4B	12.9B	13.7B	11.8B
Gross Profit	2.2B	1.6B	2.1B	2.1B	2.3B	2.1B
Other Operating Expenses	12.6B	11.1B	11.5B	12.0B	12.6B	10.4B
Operating Income	1.1B	1.2B	595M	1.0B	1.1B	1.0B
Ebit	1.2B	448M	1.0B	1.1B	1.2B	1.1B
Ebitda	1.6B	827M	1.4B	1.5B	1.6B	1.5B
Cost Of Revenue	11.4B	10.1B	10.3B	10.8B	11.4B	8.9B
Total Operating Expenses	1.2B	1.0B	1.2B	1.2B	1.8B	1.1B
Income Before Tax	942M	282M	873M	1.0B	1.1B	735.4M
Total Other Income Expense Net	(243M)	(230M)	9M	154M	34M	35.7M
Net Income	815M	309M	746M	861M	921M	517.6M
Income Tax Expense	127M	(27M)	126M	154M	165M	134.8M
Selling General Administrative	1.2B	11.4B	129M	113M	1.2B	1.4B
Research Development	647M	549M	619M	601M	570M	547.1M
Net Income Applicable To Common Shares	815M	309M	746M	861M	990.2M	566.5M
Net Income From Continuing Ops	815M	309M	747M	862M	922M	621.5M
Tax Provision	127M	(27M)	126M	154M	165M	130.6M
Interest Income	171M	145M	124M	94M	84.6M	121.7M
Reconciled Depreciation	416M	391M	390M	397M	395M	328.3M

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Textron Historical Income Statement

About Textron Income Statement Analysis

Textron Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Textron income statement Correlations

Textron Account Relationship Matchups

High Positive Relationship

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Textron income statement Accounts

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COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Selling And Marketing Expenses	+ 0.99	Depreciation And Amortization
Cost Of Revenue	+ 0.99	Other Operating Expenses
Cost Of Revenue	+ 0.98	Total Revenue
Total Revenue	+ 0.96	Depreciation And Amortization

Net Interest Income	- 0.92	Interest Income
Reconciled Depreciation	- 0.82	Net Interest Income
Non Operating Income Net Other	- 0.8	Net Interest Income
Extraordinary Items	- 0.69	Tax Provision
Non Recurring	- 0.61	Cost Of Revenue
Non Recurring	- 0.58	Other Operating Expenses