2014 Q2 Form 10-Q Financial Statement

#000010182914000033 Filed on July 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $14.87B $16.01B
YoY Change -7.11% 15.93%
Cost Of Revenue $2.749B $2.840B
YoY Change -3.2% 1.03%
Gross Profit $4.448B $4.454B
YoY Change -0.13% 15.0%
Gross Profit Margin 29.92% 27.83%
Selling, General & Admin $1.623B $1.737B
YoY Change -6.56% 15.11%
% of Gross Profit 36.49% 39.0%
Research & Development $666.0M $631.0M
YoY Change 5.55% 20.19%
% of Gross Profit 14.97% 14.17%
Depreciation & Amortization $468.0M $439.0M
YoY Change 6.61% 43.0%
% of Gross Profit 10.52% 9.86%
Operating Expenses $2.289B $2.368B
YoY Change -3.34% 16.42%
Operating Profit $2.355B $2.507B
YoY Change -6.06% 15.05%
Interest Expense $206.0M -$217.0M
YoY Change -194.93% 29.17%
% of Operating Profit 8.75% -8.66%
Other Income/Expense, Net
YoY Change
Pretax Income $2.149B $2.290B
YoY Change -6.16% 13.87%
Income Tax $359.0M $645.0M
% Of Pretax Income 16.71% 28.17%
Net Earnings $1.680B $1.560B
YoY Change 7.69% 17.47%
Net Earnings / Revenue 11.3% 9.75%
Basic Earnings Per Share $1.87 $1.73
Diluted Earnings Per Share $1.84 $1.71
COMMON SHARES
Basic Shares Outstanding 900.1M shares 901.1M shares
Diluted Shares Outstanding 914.7M shares 914.1M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.962B $4.991B
YoY Change -0.58% -16.34%
Cash & Equivalents $4.962B $4.909B
Short-Term Investments $82.00M
Other Short-Term Assets $992.0M $902.0M
YoY Change 9.98% 19.47%
Inventory $9.896B $10.23B
Prepaid Expenses
Receivables $11.80B $11.16B
Other Receivables $0.00 $0.00
Total Short-Term Assets $29.64B $28.79B
YoY Change 2.96% -26.45%
LONG-TERM ASSETS
Property, Plant & Equipment $9.026B $8.399B
YoY Change 7.47% 46.91%
Goodwill $28.38B $27.84B
YoY Change 1.95% 72.72%
Intangibles $15.72B $15.30B
YoY Change 2.71% 212.71%
Long-Term Investments $1.098B $1.152B
YoY Change -4.69% 0.61%
Other Assets $7.011B $5.676B
YoY Change 23.52% 9.22%
Total Long-Term Assets $62.50B $59.95B
YoY Change 4.25% 68.83%
TOTAL ASSETS
Total Short-Term Assets $29.64B $28.79B
Total Long-Term Assets $62.50B $59.95B
Total Assets $92.14B $88.74B
YoY Change 3.83% 18.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.297B $6.645B
YoY Change 9.81% 15.53%
Accrued Expenses $14.80B $15.24B
YoY Change -2.89% 18.56%
Deferred Revenue
YoY Change
Short-Term Debt $407.0M $196.0M
YoY Change 107.65% -6.67%
Long-Term Debt Due $1.828B $1.085B
YoY Change 68.48% 1678.69%
Total Short-Term Liabilities $24.33B $23.16B
YoY Change 5.03% 17.03%
LONG-TERM LIABILITIES
Long-Term Debt $17.84B $20.38B
YoY Change -12.46% -0.37%
Other Long-Term Liabilities $11.43B $9.431B
YoY Change 21.19% 75.95%
Total Long-Term Liabilities $11.43B $9.431B
YoY Change 21.19% 75.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.33B $23.16B
Total Long-Term Liabilities $11.43B $9.431B
Total Liabilities $56.80B $60.20B
YoY Change -5.64% 18.76%
SHAREHOLDERS EQUITY
Retained Earnings $42.34B $38.63B
YoY Change 9.61% 12.67%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.09B $19.91B
YoY Change 5.96% 2.62%
Treasury Stock Shares
Shareholders Equity $33.79B $26.99B
YoY Change
Total Liabilities & Shareholders Equity $92.14B $88.74B
YoY Change 3.83% 18.88%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $1.680B $1.560B
YoY Change 7.69% 17.47%
Depreciation, Depletion And Amortization $468.0M $439.0M
YoY Change 6.61% 43.0%
Cash From Operating Activities $1.742B $1.960B
YoY Change -11.12% 13.49%
INVESTING ACTIVITIES
Capital Expenditures -$572.0M -$512.0M
YoY Change 11.72% -65.59%
Acquisitions
YoY Change
Other Investing Activities $141.0M $683.0M
YoY Change -79.36% -106.4%
Cash From Investing Activities -$431.0M $171.0M
YoY Change -352.05% -101.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -848.0M -1.968B
YoY Change -56.91% -119.26%
NET CHANGE
Cash From Operating Activities 1.742B 1.960B
Cash From Investing Activities -431.0M 171.0M
Cash From Financing Activities -848.0M -1.968B
Net Change In Cash 463.0M 163.0M
YoY Change 184.05% -172.44%
FREE CASH FLOW
Cash From Operating Activities $1.742B $1.960B
Capital Expenditures -$572.0M -$512.0M
Free Cash Flow $2.314B $2.472B
YoY Change -6.39% -23.11%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Payments For Repurchase Of Common Stock
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670000000 USD
us-gaap Payments For Repurchase Of Common Stock
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670000000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Product Warranty Accrual Payments
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CY2014Q2 utx Financing Receivable Reserve For Credit Losses And Exposure
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utx Goodwill Translation And Other
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CY2014Q2 utx Progress Payments Netted Against Inventory For Long Term Us Government Contracts Or Programs
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utx Redeemable Noncontrolling Interest In Other Comprehensive Income Loss
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VariableInterestEntityConsolidatedCarryingAmountNoncurrentAssets
1157000000 USD
CY2014Q2 utx Variable Interest Entity Consolidated Carrying Amount Noncurrent Liabilities
VariableInterestEntityConsolidatedCarryingAmountNoncurrentLiabilities
1187000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000101829
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
914810016 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q2 dei Entity Public Float
EntityPublicFloat
105495000000 USD
dei Entity Registrant Name
EntityRegistrantName
UNITED TECHNOLOGIES CORP /DE/
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000101829-14-000033-index-headers.html Edgar Link pending
0000101829-14-000033-index.html Edgar Link pending
0000101829-14-000033.txt Edgar Link pending
0000101829-14-000033-xbrl.zip Edgar Link pending
a2014-06x3010xq.htm Edgar Link pending
a2014-06x3010xqexhibit12.htm Edgar Link pending
a2014-06x3010xqexhibit15.htm Edgar Link pending
a2014-06x3010xqexhibit311.htm Edgar Link pending
a2014-06x3010xqexhibit312.htm Edgar Link pending
a2014-06x3010xqexhibit313.htm Edgar Link pending
a2014-06x3010xqexhibit32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
utx-20140630.xml Edgar Link completed
utx-20140630.xsd Edgar Link pending
utx-20140630_cal.xml Edgar Link unprocessable
utx-20140630_def.xml Edgar Link unprocessable
utx-20140630_lab.xml Edgar Link unprocessable
utx-20140630_pre.xml Edgar Link unprocessable