2012 Annual Report, Financial and Corportate Responsibility Performance

At A Glance


United Technologies Corporation provides high-technology products and services to the building systems and aerospace industries worldwide through our industry-leading businesses. In 2012, UTC net sales were $57.7 billion.

Earnings per share from continuing operations were $5.35 per share, and all business units delivered double-digit operating profit margins. Cash flow from operations less capital expenditures exceeded net income attributable to common shareowners.

1 Amounts presented for 2008 to 2011 have been restated to reflect results from continuing operations consistent with 2012 presentation. Refer to the financial section, which begins on page 25, for additional information.
2 Amounts include company- and customer-funded research and development.
3 The decrease in the 2009 debt to total capitalization ratio, as compared to 2008, reflects the impact of positive returns on our pension plans, the beneficial impact of foreign exchange rate movement and the reduction of approximately $1.7 billion of total debt. The increase in the 2012 debt to total capitalization ratio reflects debt issuances to finance the Goodrich acquisition.

Businesses in Balance

UTC’s balanced portfolio of businesses spans geographies, markets and customer relationships.