Exhibit 11
UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Full year | ||||||||||||||||
In Millions of Dollars, Except per Share Amounts | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||
Net income | $ | 4,224 | $ | 3,732 | $ | 3,069 | $ | 2,673 | $ | 2,236 | ||||||
ESOP convertible preferred stock dividend | — | — | — | — | (24 | ) | ||||||||||
Basic earnings for period | $ | 4,224 | $ | 3,732 | $ | 3,069 | $ | 2,673 | $ | 2,212 | ||||||
ESOP convertible preferred stock adjustment | — | — | — | — | 23 | |||||||||||
Diluted earnings for period | $ | 4,224 | $ | 3,732 | $ | 3,069 | $ | 2,673 | $ | 2,235 | ||||||
Basic average number of shares outstanding during the period (thousands) | 963,900 | 980,000 | 991,200 | 992,800 | 947,600 | |||||||||||
Stock awards (thousands) | 24,900 | 25,700 | 23,300 | 18,000 | 14,000 | |||||||||||
ESOP convertible preferred stock (thousands) | — | — | — | — | 44,200 | |||||||||||
Diluted average number of shares outstanding during the period (thousands) | 988,800 | 1,005,700 | 1,014,500 | 1,010,800 | 1,005,800 | |||||||||||
Basic earnings per common share | $ | 4.38 | $ | 3.81 | $ | 3.10 | $ | 2.69 | $ | 2.33 | ||||||
Diluted earnings per common share | $ | 4.27 | $ | 3.71 | $ | 3.03 | $ | 2.64 | $ | 2.22 |