The following information was taken from the 2019 annual report-statements of cash flows- of United Technologies Corporation
Question:
The following information was taken from the 2019 annual report-statements of cash flows- of United Technologies Corporation (UTC), a diversified manufacturing conglomerate (dollars in millions).
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What does this pattern of cash flows indicate about UTC's business strategy, performance, and cash balances from 2017 to 20 19?
Transcribed Image Text:
Cash from Cash from Cash from Year Operations Investing Financing 2017 $5,631 $ (3,019) $ (993) 2018 6,322 (16,973) 7,965 2019 8,883 (3,092) (4,564)
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