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United Technologies Corp. (UTX)


Common-Size Balance Sheet: Assets

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United Technologies Corp., common-size consolidated balance sheet: assets

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Cash and cash equivalents 4.58 9.27 7.98 8.09 5.73
Accounts receivable, net of allowance for doubtful accounts 10.63 13.00 12.80 12.18 12.40
Contract assets, current 2.60 0.00 0.00 0.00 0.00
Inventories and contracts in progress, net 7.51 10.20 9.70 9.30 10.81
Future income tax benefits, current 0.00 0.00 0.00 0.00 2.12
Other assets, current 1.13 1.44 1.35 0.96 1.54
Current assets 26.45% 33.90% 31.83% 30.53% 32.60%
Customer financing assets 2.25 2.45 1.56 1.16 1.07
Future income tax benefits 1.23 1.78 2.02 2.24 1.64
Fixed assets, net 9.16 10.51 10.21 9.98 10.16
Goodwill 35.85 28.80 30.16 31.21 30.45
Intangible assets, net 19.69 16.39 17.48 17.84 17.04
Other assets 5.37 6.18 6.74 7.04 7.04
Long-term assets 73.55% 66.10% 68.17% 69.47% 67.40%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-05).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. United Technologies Corp.’s current assets as a percentage of total assets increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Fixed assets, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United Technologies Corp.’s fixed assets, net as a percentage of total assets increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. United Technologies Corp.’s long-term assets as a percentage of total assets declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.