United Technologies Corporation (UTX) financial statements (2021 and earlier)

Company profile

Business Address 870 WINTER STREET
WALTHAM, MA 02451
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:8,8027,3786,1528,9857,1577,0755,235
Cash and cash equivalents8,8027,3786,1528,9857,1577,075 
Other undisclosed cash, cash equivalents, and short-term investments      5,235
Receivables9,25413,52414,27112,59511,48110,65311,317
Inventory, net of allowances, customer advances and progress billings9,41110,95010,0839,8818,7048,1359,865
Inventory9,41110,95010,0839,8818,7048,1359,865
Contract with customer, asset9,9314,1843,486
Other current assets5,9141,4611,5111,3971,2088431,410
Other undisclosed current assets64     1,931
Total current assets:43,37637,49735,50332,85828,55026,70629,758
Noncurrent Assets
Finance lease, right-of-use asset 55
Operating lease, right-of-use asset1,8802,599
Property, plant and equipment14,96212,75512,29710,1869,1588,7329,276
Intangible assets, net (including goodwill)94,82474,10974,53643,79342,74342,90443,356
Goodwill54,28548,06348,11227,91027,05927,30127,796
Intangible assets, net (excluding goodwill)40,53926,04626,42415,88315,68415,60315,560
Contract with customer, asset, net 1,3381,142
Other noncurrent assets3,9677,6687,2065,9886,0486,1636,427
Other undisclosed noncurrent assets3,1443,6953,5274,0953,2072,9792,472
Total noncurrent assets:118,777102,21998,70864,06261,15660,77861,531
TOTAL ASSETS:162,153139,716134,21196,92089,70687,48491,289
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,04622,54621,30321,89519,70221,51323,694
Accounts payable8,63910,80911,0809,5797,4836,8756,967
Accrued liabilities10,40111,73710,22312,31612,21914,63814,006
Employee-related liabilities3,006     1,909
Taxes payable      309
Interest and dividends payable      503
Deferred revenue12,8896,180
Debt7975,8604,3452,4962,2041,1051,922
Restructuring reserve      264
Customer advances and deposits   5,262
Contract with customer, liability5,720
Other undisclosed current liabilities116     (8,247)
Total current liabilities:35,84834,58631,36824,39121,90622,61822,895
Noncurrent Liabilities
Long-term debt and lease obligation, including:31,02637,78841,19224,98921,69719,32017,872
Operating lease, liability1,5162,144
Other undisclosed long-term debt and lease obligation29,51035,64441,19224,98921,69719,32017,872
Liabilities, other than long-term debt19,87920,87220,93215,98816,63816,58017,818
Deferred revenue 5,732
Liability, pension and other postretirement and postemployment benefits10,3423,5024,0183,0365,6126,0226,683
Other liabilities9,53711,63816,91412,95211,02610,55811,135
Other undisclosed noncurrent liabilities1,5162,239     
Total noncurrent liabilities:52,42160,89962,12440,97738,33535,90035,690
Total liabilities:88,26995,48593,49265,36860,24158,51858,585
Temporary equity, carrying amount32 109131296122140
Stockholders' equity
Stockholders' equity attributable to parent, including:72,16341,77438,44629,61027,57927,35831,213
Treasury stock, value(10,407)(32,626)(32,482)(35,596)(34,150)(30,907)(21,922)
Accumulated other comprehensive loss(3,734)(10,149)(9,333)(7,525)(8,334)(7,619)(6,661)
Retained earnings49,42361,59457,82355,24252,87349,95644,611
Unearned esop shares(49)(64)(76)(85)(95)(105)(115)
Other undisclosed stockholders' equity attributable to parent36,93023,01922,51417,57417,28516,03315,300
Stockholders' equity attributable to noncontrolling interest1,6892,4572,1641,8111,5901,4861,351
Total stockholders' equity:73,85244,23140,61031,42129,16928,84432,564
TOTAL LIABILITIES AND EQUITY:162,153139,716134,21196,92089,70687,48491,289

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues56,58777,04666,50161,19558,02956,09865,100
Revenue, net59,83757,24456,09865,100
Cost of revenue(44,766)(55,148)(48,590)(43,953)(41,460)(40,431)(47,447)
Cost of goods and services sold   (43,953)(41,460)(40,431)(47,447)
Gross profit:11,82121,89817,91117,24216,56915,66717,653
Operating expenses(11,412)(13,453)(10,923)(8,570)(8,397)(8,165)(9,542)
Other operating expense, net
(Other Expenses)
     (211) 
Other undisclosed operating income (loss)(2,298)5211,565   1,658
Operating income (loss):(1,889)8,9668,5538,6728,1727,2919,769
Nonoperating income464888765    
Net periodic defined benefits expense (reversal of expense), excluding service cost component902888765
Interest and debt expense(1,366)(1,611)(1,038)(1,073)(1,203)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes438  164164(824)(882)
Income (loss) from continuing operations before income taxes:(2,353)8,2438,2807,7637,1336,4678,887
Income tax expense(575)(2,295)(2,626)(2,843)(1,697)(2,111)(2,264)
Income (loss) from continuing operations:(2,928)5,9485,6544,9205,4364,3566,623
Income (loss) from discontinued operations(367)   (10)3,610 
Net income (loss):(3,295)5,9485,6544,9205,4267,9666,623
Net loss attributable to noncontrolling interest   (17)(6) (403)
Other undisclosed net loss attributable to parent(224)(411)(385)(351)(365)(358) 
Net income (loss) available to common stockholders, diluted:(3,519)5,5375,2694,5525,0557,6086,220

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,295)5,9485,6544,9205,4267,9666,623
Other comprehensive income (loss)2,540(85)(1,838)889(762)(1,019)(3,848)
Other undisclosed comprehensive loss     (12)(5,543)
Comprehensive income (loss):(755)5,8633,8165,8094,6646,935(2,768)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(224)(399)(355)(448)(324)(285)329
Comprehensive income (loss), net of tax, attributable to parent:(979)5,4643,4615,3614,3406,650(2,439)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: