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TEXTRON INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2017201620152014201320122011201020092008
Period End Date12/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/200912/31/2008
Manufacturing revenues14,129.0013,710.0013,340.0013,775.0011,972.0012,022.0011,172.0010,307.0010,139.0013,287.00
Finance revenues69.0078.0083.00103.00132.00215.00103.00218.00361.00723.00
Total Revenues14,198.0013,788.0013,423.0013,878.0012,104.0012,237.0011,275.0010,525.0010,500.0014,010.00
Cost of sales11,795.0011,311.0010,979.0011,421.0010,131.0010,019.009,308.008,605.008,468.0010,583.00
Selling and administrative1,337.001,304.001,304.001,361.001,126.001,165.001,195.001,231.001,338.001,590.00
Acquisition and restructuring costs--------0.000.00--------
Interest expense174.00174.00169.00191.00173.00212.00246.00270.00309.00448.00
Special charges130.00123.00--52.00------190.00317.00526.00
Provision for losses on finance receivables--------------143.00267.00234.00
Gain on sale of businesses--------------------
Gain (loss) on sale of assets------------------0.00
Interest income--------------------
Other losses (gains), net------------(3.00)--50.00--
Valuation allowance on transfer of Golf Mortgage portfolio to held for sale------------(186.00)------
Income (loss) from continuing operations before income taxes762.00876.00971.00853.00674.00841.00337.0086.00(149.00)629.00
Current-State(9.00)18.0016.0018.0010.009.0015.003.0017.0016.00
Current- Foreign79.0041.0041.0054.0056.0029.0029.0019.00(8.00)14.00
Deferred- Foreign13.008.001.00(3.00)(17.00)(10.00)6.00(3.00)15.0014.00
Deferred:State(14.00)(7.00)(14.00)(4.00)13.0023.001.00(5.00)(22.00)5.00
Income tax expense (benefit)456.0033.00273.00248.00176.00260.0095.00(6.00)(76.00)305.00
Federal: Current29.00(74.00)212.00195.0023.0040.00(23.00)(79.00)160.00317.00
Federal: Deferred358.0047.0017.00(12.00)91.00169.0067.0059.00(238.00)(61.00)
Foreign--------------------
Current : State--------------------
Distributions on preferred securities of subsidiary trusts, net of income taxes--------------------
Income (loss) from Continuing Operations306.00843.00698.00605.00498.00581.00242.0092.00(73.00)324.00
Loss from discontinued operations, net of income taxes1.00119.00(1.00)(5.00)--8.00--(6.00)42.00162.00
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 stockholders307.00962.00697.00600.00498.00589.00242.0086.00(31.00)486.00
Earnings Per Share (Basic) - Cont Ops1.153.112.522.171.782.070.870.33(0.28)1.32
Loss from discontinued operations, net of income taxes0.000.440.00(0.02)--0.03--(0.02)0.160.65
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Basic)1.153.552.522.151.782.100.870.31(0.12)1.97
Earnings Per Share (Diluted) - Cont Ops1.143.092.502.151.751.970.790.30(0.28)1.29
Loss from discontinued operations, net of income taxes0.000.440.00(0.02)--0.03--(0.02)0.160.65
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Diluted)1.143.532.502.131.752.000.790.28(0.12)1.94
Weighted Average Shares Outstanding (Basic)266.38270.77276.68279.41279.30280.18277.68274.45262.92246.21
Weighted Average Shares Outstanding (Diluted)268.75272.37278.73281.79284.43294.66307.26302.56262.92250.34