United Technologies Corporation (UTX) financial statements (2020 and earlier)

Company profile

Business Address 10 FARM SPRINGS ROAD
FARMINGTON, CT 06032
State of Incorp. DE
Fiscal Year End December 31
SIC 3724 - Aircraft Engines and Engine Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:7,3416,1528,9857,1577,0755,2354,619
Cash and cash equivalents7,3416,1528,9857,1577,075  
Other undisclosed cash, cash equivalents, and short-term investments     5,2354,619
Receivables13,60714,27112,59511,48110,65311,31711,458
Inventory, net of allowances, customer advances and progress billings11,24210,0839,8818,7048,1359,86510,330
Inventory11,24210,0839,8818,7048,1359,86510,330
Contract with customer, asset4,3163,486
Other current assets1,3101,5111,3971,2088431,4101,071
Other undisclosed current assets     1,9311,964
Total current assets:37,81635,50332,85828,55026,70629,75829,442
Noncurrent Assets
Finance lease, right-of-use asset54
Operating lease, right-of-use asset2,556
Property, plant and equipment12,20012,29710,1869,1588,7329,2768,866
Long-term investments and receivables3,372      
Accounts and financing receivable, after allowance for credit loss3,372      
Intangible assets, net (including goodwill)73,72774,53643,79342,74342,90443,35643,689
Goodwill48,04148,11227,91027,05927,30127,79628,168
Intangible assets, net (excluding goodwill)25,68626,42415,88315,68415,60315,56015,521
Contract with customer, asset, net1,3641,142
Other noncurrent assets7,6397,2065,9886,0486,1636,4276,205
Other undisclosed noncurrent assets2813,5274,0953,2072,9792,4722,392
Total noncurrent assets:101,19398,70864,06261,15660,77861,53161,152
TOTAL ASSETS:139,009134,21196,92089,70687,48491,28990,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,51221,30321,89519,70221,51323,69424,741
Accounts payable10,84011,0809,5797,4836,8756,9676,965
Accrued liabilities11,67210,22312,31612,21914,63814,00615,335
Employee-related liabilities     1,9091,901
Taxes payable     309540
Interest and dividends payable     503 
Deferred revenue6,233
Debt6,8224,3452,4962,2041,1051,922500
Restructuring reserve     264
Provision for loss on contracts      27
Customer advances and deposits   5,262
Contract with customer, liability5,720
Other undisclosed current liabilities     (8,247)(2,468)
Total current liabilities:35,56731,36824,39121,90622,61822,89522,800
Noncurrent Liabilities
Long-term debt and lease obligation, including:37,78241,19224,98921,69719,32017,87219,741
Operating lease, liability2,105
Other undisclosed long-term debt and lease obligation35,67741,19224,98921,69719,32017,87219,741
Liabilities, other than long-term debt20,62920,93215,98816,63816,58017,81814,723
Pension and other postretirement defined benefit plans, liabilities3,444
Liability, pension and other postretirement and postemployment benefits3,8554,0183,0365,6126,0226,683
Other liabilities16,77416,91412,95211,02610,55811,13511,279
Other undisclosed noncurrent liabilities2,105      
Total noncurrent liabilities:60,51662,12440,97738,33535,90035,69034,464
Total liabilities:96,08393,49265,36860,24158,51858,58557,264
Temporary equity, carrying amount107109131296122140 
Stockholders' equity
Stockholders' equity attributable to parent, including:40,46838,44629,61027,57927,35831,21331,866
Treasury stock, value(32,588)(32,482)(35,596)(34,150)(30,907)(21,922)(20,431)
Accumulated other comprehensive loss(10,819)(9,333)(7,525)(8,334)(7,619)(6,661)(2,880)
Retained earnings61,06957,82355,24252,87349,95644,61140,539
Unearned esop shares(67)(76)(85)(95)(105)(115)(126)
Other undisclosed stockholders' equity attributable to parent22,87322,51417,57417,28516,03315,30014,764
Stockholders' equity attributable to noncontrolling interest2,3512,1641,8111,5901,4861,3511,353
Total stockholders' equity:42,81940,61031,42129,16928,84432,56433,219
Other undisclosed liabilities and equity      111
TOTAL LIABILITIES AND EQUITY:139,009134,21196,92089,70687,48491,28990,594

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues75,53966,50161,19558,02956,09865,10062,626
Revenue, net59,83757,24456,09865,10062,626
Cost of revenue(56,213)(48,590)(43,953)(41,460)(40,431)(47,447)(45,321)
Cost of goods and services sold  (43,953)(41,460)(40,431)(47,447)(45,321)
Gross profit:19,32617,91117,24216,56915,66717,65317,305
Operating expenses(10,923)(10,923)(8,570)(8,397)(8,165)(9,542)(9,957)
Other operating expense, net
(Other Expenses)
    (211)  
Other undisclosed operating income6231,565   1,6581,861
Operating income:9,0268,5538,6728,1727,2919,7699,209
Nonoperating income921765    193
Investment income, nonoperating      193
Net periodic defined benefits expense (reversal of expense), excluding service cost component921765
Interest and debt expense(1,509)(1,038)(1,073)(1,203)  23
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  164164(824)(882)(1,113)
Income from continuing operations before income taxes:8,4388,2807,7637,1336,4678,8878,312
Income tax expense(2,959)(2,626)(2,843)(1,697)(2,111)(2,264)(2,238)
Income from continuing operations:5,4795,6544,9205,4364,3566,6236,074
Income (loss) from discontinued operations   (10)3,610 35
Net income:5,4795,6544,9205,4267,9666,6236,109
Net loss attributable to noncontrolling interest  (17)(6) (403)(388)
Other undisclosed net loss attributable to parent(399)(385)(351)(365)(358)  
Net income available to common stockholders, diluted:5,0805,2694,5525,0557,6086,2205,721

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5,4795,6544,9205,4267,9666,6236,109
Other comprehensive income (loss)(2,371)(1,838)889(762)(1,019)(3,848)2,563
Other undisclosed comprehensive loss    (12)(5,543)(9)
Comprehensive income (loss):3,1083,8165,8094,6646,935(2,768)8,663
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(379)(355)(448)(324)(285)329(374)
Comprehensive income (loss), net of tax, attributable to parent:2,7293,4615,3614,3406,650(2,439)8,289

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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