26 UNITED TECHNOLOGIES CORPORATION Five-Year Summary Amounts presented for 2008-2011 have been restated to reflect results from continuing operations consistent with 2012 presentation, where applicable. Refer to “Business Overview” section for additional information. (DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2012 2011 2010 2009 2008 For The Year Net sales $ 57,708 $ 55,754 $ 52,275 $ 50,469 $ 56,824 Research and development 5 2,371 1,951 1,656 1,460 1,650 Restructuring costs 590 315 387 787 328 Net income from continuing operations 5,200 5,216 4,523 4,060 4,890 Net income from continuing operations attributable to common shareowners 4,847 4,831 4,195 3,719 4,534 Basic earnings per share—Net income from continuing operations attributable to common shareowners 5.41 5.41 4.62 4.05 4.83 Diluted earnings per share—Net income from continuing operations attributable to common shareowners 5.35 5.33 4.55 4.00 4.74 Cash dividends per common share 2.03 1.87 1.70 1.54 1.35 Average number of shares of Common Stock outstanding: Basic 895 892 908 917 938 Diluted 907 907 923 929 956 Cash flows provided by operating activities of continuing operations 6,605 6,460 5,720 5,083 5,962 Capital expenditures 1,389 929 838 773 1,137 Acquisitions, including debt assumed 4 18,620 372 2,781 676 1,408 Repurchases of Common Stock 6 – 2,175 2,200 1,100 3,160 Dividends paid on Common Stock 1 1,752 1,602 1,482 1,356 1,210 At Year End Working capital $ 5,174 $ 7,142 $ 5,778 $ 5,281 $ 4,665 Total assets 4 89,409 61,452 58,493 55,762 56,837 Long-term debt, including current portion 2 22,718 9,630 10,173 9,490 10,453 Total debt 2 23,221 10,260 10,289 9,744 11,476 Total debt to total capitalization 2 46% 31% 32% 32% 41% Total equity 2 27,069 22,820 22,323 20,999 16,681 Number of employees 3, 4 218,300 199,900 208,200 206,700 223,100 Note 1 Excludes dividends paid on Employee Stock Ownership Plan Common Stock. Note 2 The decrease in the 2009 debt to total capitalization ratio, as compared to 2008, reflects the reversal of unrealized losses in our pension plans of approximately $1.1 billion, the beneficial impact of foreign exchange rate movement of approximately $1.0 billion, and the reduction of approximately $1.7 billion of total debt. The increase in the 2012 debt to total capitalization ratio, as compared to 2011, reflects the issuance of $9.8 billion in long-term debt, $1.1 billion in equity units and the assumption of approximately $3 billion in long-term debt in connection with the acquisition of Goodrich. In connection with a cash tender offer, approximately $635 million ($761 million fair value) of principal amount of legacy Goodrich debt was retired in the fourth quarter 2012. Note 3 The decrease in 2011, as compared with 2010, includes the impact of divestitures primarily within the UTC Climate, Controls & Security segment, as well as net workforce reductions associated with restructuring actions across UTC. Note 4 The increase in 2012, as compared with 2011, includes the net impact of acquisitions and divestitures across the Company, most notably the 2012 acquisition of Goodrich and divestiture of the legacy Hamilton Sundstrand Industrial business, both within the UTC Aerospace Systems segment, as well as the impact of other acquisitions and dispositions and restructuring actions across UTC. Note 5 The increase in 2012, as compared with 2011, includes approximately $250 million incremental research and development spending related to the Goodrich businesses that were acquired during 2012, and approximately $65 million at Pratt & Whitney to further advance development of multiple geared turbo fan platforms. Note 6 In connection with the acquisition of Goodrich, repurchases of common stock under our share repurchase program were suspended for 2012.