EX-99.1 3 dex991.htm ITEM 6 - SELECTED FINANCIAL DATA Item 6 - Selected Financial Data

Exhibit 99.1

 

Five Year Summary

 

IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS

    2004
     2003
     2002
     2001
     2000
  

For the year

                                         

Revenues

    $ 37,445     $ 31,034     $ 28,212     $ 27,897     $ 26,583  

Research and development

      1,267       1,040       1,203       1,264       1,309  

Net income

      2,673       2,236       2,118       1,836       1,734  

Earnings per share:

                                         

Basic:

                                         

Net earnings

      5.39       4.67       4.42       3.84       3.62  

Net earnings adjusted for SFAS No. 142

                              4.29       4.02  

Diluted:

                                         

Net earnings

      5.29       4.44       4.19       3.64       3.41  

Net earnings adjusted for SFAS No. 142

                              4.05       3.78  

Cash dividends per common share

      1.40       1.14       .98       .90       .825  

Average number of shares of Common Stock outstanding:

                                         

Basic

      496.4       473.8       472.4       470.2       470.1  

Diluted

      505.4       502.9       505.6       505.4       508.0  

Cash flow from operations

      3,596       2,827       2,829       2,917       2,569  

Voluntary pension contributions (1)

      906       994       530                  

Capital expenditures

      795       530       586       793       937  

Acquisitions, including debt assumed

      1,295       2,305       424       525       1,340  

Share repurchase

      992       401       700       599       800  

Dividends on Common Stock (3)

      660       533       462       423       387  

At year end

                                         

Working capital

    $ 2,575     $ 2,069     $ 4,050     $ 3,094     $ 1,864  

Total assets

      40,293       35,520       29,986       27,717       25,962  

Long-term debt, including current portion

      4,271       4,632       4,676       4,371       3,772  

Total debt

      5,591       5,301       4,873       4,959       4,811  

Debt to total capitalization

      28 %     31 %     36 %     37 %     38 %

ESOP Preferred Stock, net (2)

                      428       429       432  

Shareowners’ equity

      14,266       11,953       8,557       8,515       7,763  
    
 
 
 
 

Number of employees

      209,700       203,300       155,000       152,000       153,800  

 

Note: During 2003, UTC acquired Chubb plc, which is reported as a separate segment.

 

(1) Represents cash contributions, in addition, during 2002 and 2001, UTC contributed Treasury Stock of $253 million and $247 million, respectively, to its domestic defined benefit pension plans.

 

(2) During 2003, UTC converted all of its outstanding shares of ESOP Preferred Stock into Common Stock.

 

(3) Excludes dividends paid on ESOP stock.

 

Certain reclassifications have been made to prior year amounts to conform to the current year presentation.