Five Year Summary

 

IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS   2002   2001   2000   1999   1998
For the year                    
Revenues $ 28,212 $ 27,897 $ 26,583 $ 24,127 $ 22,809
Research and development   1,191   1,254   1,302   1,292   1,168
Income from continuing operations(1)   2,236   1,938   1,808   841   1,157
Net income   2,236   1,938   1,808   1,531   1,255
Earnings per share:                    
     Basic:                    
          Continuing operations   4.67   4.06   3.78   1.74   2.47
          Net earnings   4.67   4.06   3.78   3.22   2.68
          Net earnings adjusted for SFAS No. 142       4.51   4.18   3.51   2.84
     Diluted:                    
          Continuing operations   4.42   3.83   3.55   1.65   2.33
          Net earnings   4.42   3.83   3.55   3.01   2.53
          Net earnings adjusted for SFAS No. 142       4.25   3.92   3.27   2.67
Cash dividends per common share   .98   .90   .825   .76   .695
Average number of shares of Common Stock outstanding:                    
          Basic   472.4   470.2   470.1   465.6   455.5
          Diluted   505.6   505.4   508.0   506.7   494.8
Return on average common shareowners' equity, after tax   26.8%   23.6%   24.4%   24.6%   28.6%
Operating cash flows   2,853   2,976   2,631   2,401   2,376
Capital expenditures   586   793   937   762   673
Acquisitions, including debt assumed   424   525   1,340   6,268   1,237
Share repurchase   700   599   800   822   650
                     
At year end                    
Working capital, continuing operations $ 3,848 $ 2,892 $ 1,318 $ 1,412 $ 1,359
Total assets   29,090   27,010   25,364   24,366   17,768
Long-term debt, including current portion   4,676   4,371   3,772   3,419   1,669
Total debt   4,873   4,959   4,811   4,321   2,173
  Debt to total capitalization   37%   37%   39%   38%   33%
ESOP Preferred Stock, net   428   429   432   449   456
Shareowners' equity   8,355   8,369   7,662   7,117   4,378
                     
Number of employees - continuing operations   155,000   152,000   153,800   148,300   134,400

(1) 1999 and 1998 Income from continuing operations excludes the results of UT Automotive which was sold in 1999 and reflected in discontinued operations.
     The 1999 amount reflects restructuring and related charges of $1.1 billion.


< Previous Annual Review Index UTC Home Annual Report Index Next >