United Technologies 2008 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2008 United Technologies annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

CONSOLIDATED STATEMENT OF OPERATIONS
(in millions of dollars, except per share amounts) 2008 2007 2006
Revenues
Product sales $42,175 $39,240 $34,271
Service sales 15,868 14,679 12,847
Other income, net 638 840 711
58,681 54,759 47,829
Costs and Expenses
Cost of products sold 31,774 29,927 26,089
Cost of services sold 10,787 9,995 8,651
Research and development 1,771 1,678 1,529
Selling, general and administrative 6,724 6,109 5,462
Operating profit 7,625 7,050 6,098
Interest 689 666 606
Income before income taxes and minority interests 6,936 6,384 5,492
Income taxes 1,883 1,836 1,494
Minority interests in subsidiaries’ earnings 364 324 266
Net Income $ 4,689 $ 4,224 $ 3,732
Earnings per Share of Common Stock
Basic $ 5.00 $ 4.38 $ 3.81
Diluted $ 4.90 $ 4.27 $ 3.71
See accompanying Notes to Consolidated Financial Statements
64 United Technologies Corporation