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TEXTRON INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Manufacturing revenues13,906.0014,129.0013,710.0013,340.0013,775.0011,972.0012,022.0011,172.0010,307.0010,139.00
Finance revenues66.0069.0078.0083.00103.00132.00215.00103.00218.00361.00
Total Revenues13,972.0014,198.0013,788.0013,423.0013,878.0012,104.0012,237.0011,275.0010,525.0010,500.00
Cost of sales11,594.0011,827.0011,337.0010,979.0011,421.0010,131.0010,019.009,308.008,605.008,468.00
Selling and administrative1,275.001,334.001,317.001,304.001,361.001,126.001,165.001,195.001,231.001,338.00
Acquisition and restructuring costs----------0.000.00------
Interest expense166.00174.00174.00169.00191.00173.00212.00246.00270.00309.00
Special charges73.00130.00123.00--52.00------190.00317.00
Provision for losses on finance receivables----------------143.00267.00
Gain on sale of businesses444.00------------------
Gain (loss) on sale of assets--------------------
Interest income--------------------
Other losses (gains), net--------------(3.00)--50.00
Valuation allowance on transfer of Golf Mortgage portfolio to held for sale--------------(186.00)----
Non-service components of pension and post-retirement income, ne76.0029.0039.00--------------
Income (loss) from continuing operations before income taxes1,384.00762.00876.00971.00853.00674.00841.00337.0086.00(149.00)
Current-State9.00(9.00)18.0016.0018.0010.009.0015.003.0017.00
Current- Foreign101.0079.0041.0041.0054.0056.0029.0029.0019.00(8.00)
Deferred- Foreign(6.00)13.008.001.00(3.00)(17.00)(10.00)6.00(3.00)15.00
Deferred:State(5.00)(14.00)(7.00)(14.00)(4.00)13.0023.001.00(5.00)(22.00)
Income tax expense (benefit)162.00456.0033.00273.00248.00176.00260.0095.00(6.00)(76.00)
Federal: Current3.0029.00(74.00)212.00195.0023.0040.00(23.00)(79.00)160.00
Federal: Deferred60.00358.0047.0017.00(12.00)91.00169.0067.0059.00(238.00)
Foreign--------------------
Current : State--------------------
Distributions on preferred securities of subsidiary trusts, net of income taxes--------------------
Income (loss) from Continuing Operations1,222.00306.00843.00698.00605.00498.00581.00242.0092.00(73.00)
Loss from discontinued operations, net of income taxes--1.00119.00(1.00)(5.00)--8.00--(6.00)42.00
Income before extraordinary loss and cumulative effect of change in accounting p--------------------
Cumulative effect of change in accounting principle,net of income taxes--------------------
Net income (loss) attributable to common stockholders1,222.00307.00962.00697.00600.00498.00589.00242.0086.00(31.00)
Earnings Per Share (Basic) - Cont Ops4.881.153.112.522.171.782.070.870.33(0.28)
Loss from discontinued operations, net of income taxes----0.440.00(0.02)--0.03--(0.02)0.16
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Basic)4.881.153.552.522.151.782.100.870.31(0.12)
Earnings Per Share (Diluted) - Cont Ops4.831.143.092.502.151.751.970.790.30(0.28)
Loss from discontinued operations, net of income taxes----0.440.00(0.02)--0.03--(0.02)0.16
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Diluted)4.831.143.532.502.131.752.000.790.28(0.12)
Weighted Average Shares Outstanding (Basic)250.20266.38270.77276.68279.41279.30280.18277.68274.45262.92
Weighted Average Shares Outstanding (Diluted)253.24268.75272.37278.73281.79284.43294.66307.26302.56262.92