Textron Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total revenues of $3,825 million compared to $3,923 million a year ago. Income from continuing operations before income taxes was $294 million compared to $294 million a year ago. Income from continuing operations was $215 million or $0.78 per share compared to $225 million or $0.81 per share a year ago. Net income was $214 million or $0.78 per share compared to $226 million or $0.82 per share a year ago. Net cash from operating activities of continuing operations was $869 million compared to $675 million a year ago. Capital expenditures were $140 million compared to $134 million a year ago. Adjusted income from continuing operations - non-GAAP was $220 million or $0.80 per diluted share.

For the twelve months, the company reported total revenues of $13,788 million compared to $13,423 million a year ago. Income from continuing operations before income taxes was $876 million compared to $971 million a year ago. Income from continuing operations was $843 million or $3.09 per share compared to $698 million or $2.50 per share a year ago. Net income was $962 million or $3.53 per share compared to $697 million or $2.50 per share a year ago. Net cash from operating activities of continuing operations was $1,014 million compared to $1,094 million a year ago. Capital expenditures were $446 million compared to $420 million a year ago. Adjusted income from continuing operations - non-GAAP was $715 million or $2.62 per diluted share.

The company provided earnings guidance for the full year of 2017. For the year, the company expects income from continuing operations - GAAP of in the range between $647 million or $2.40 per share to $716 million or $2.65 per share and adjusted income from continuing operations - Non-GAAP of in the range between $675 million or $2.50 per share to $730 or $2.70 per share. The company is estimating capex will be about $440 million, approximately flat with last year. The company announced that 2017's interest expense is estimated at $140 million. For the year 2017, the company expects Net cash from operating activities of continuing operations in the range of $1,035 million to $1,135 million and manufacturing cash flow before pension contributions- Non-GAAP in the range of $650 million to $750 million.

For the quarter, the company reported of $2 million.