Industrials
Aerospace & Defense
$156.73B
185K
Key insights and themes extracted from this filing
Total net sales increased by 7.7% year-over-year, with product sales up 8.6% and services sales up 5.2%. However, operating profit decreased by 64.5% year-over-year, indicating margin pressure.
Net income attributable to common shareowners decreased by 91.6% year-over-year, primarily due to a significant increase in non-operating expenses, including a $918 million charge related to the Expected Resolution of Certain Legal Matters.
Net cash flows provided by operating activities decreased from $(144) million to $3,075 million year over year, primarily due to a $0.9 billion charge related to the Expected Resolution of Certain Legal Matters.