Carrier Global Corporation (ETR: 4PN)

Carrier Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	24,801	22,098	20,421	20,613	17,456	18,608
Revenue Growth (YoY)	25.64%	8.21%	-0.93%	18.09%	-6.19%	-1.62%
Cost of Revenue	17,782	15,697	14,948	14,605	12,327	13,153
Gross Profit	7,019	6,401	5,473	6,008	5,129	5,455
Selling, General & Admin	3,635	3,139	2,465	2,979	2,590	2,517
Research & Development	786	617	539	503	419	401
Other Operating Expenses	368	376	-52	-42	45	-106
Operating Expenses	4,789	4,132	2,952	3,440	3,054	2,812
Operating Income	2,230	2,269	2,521	2,568	2,075	2,643
Interest Expense	-615	-362	-302	-306	-288	-
Interest & Investment Income	240	151	83	-	-	27
Earnings From Equity Investments	227	211	262	249	207	236
EBT Excluding Unusual Items	2,082	2,269	2,564	2,511	1,994	2,906
Merger & Restructuring Charges	-232	-177	-60	-89	-49	-126
Gain (Loss) on Sale of Investments	38	-8	705	-2	1,051	-108
Gain (Loss) on Sale of Assets	-	-	1,105	-	-	-
Legal Settlements	-	-	-22	-	-	-
Other Unusual Items	282	-	-	-20	-141	-
Pretax Income	2,170	2,084	4,292	2,400	2,855	2,672
Income Tax Expense	530	644	708	699	849	517
Earnings From Continuing Operations	1,640	1,440	3,584	1,701	2,006	2,155
Minority Interest in Earnings	-105	-91	-50	-37	-24	-39
Net Income	3,473	1,349	3,534	1,664	1,982	2,116
Net Income to Common	3,473	1,349	3,534	1,664	1,982	2,116
Net Income Growth	189.66%	-61.83%	112.38%	-16.04%	-6.33%	-22.60%
Shares Outstanding (Basic)	886	837	843	868	867	866
Shares Outstanding (Diluted)	899	853	861	890	880	866
Shares Change (YoY)	5.49%	-0.95%	-3.27%	1.15%	1.62%	-
EPS (Basic)	3.92	1.61	4.19	1.92	2.29	2.44
EPS (Diluted)	3.85	1.58	4.10	1.87	2.25	2.44
EPS Growth	174.95%	-61.46%	119.25%	-16.89%	-7.89%	-22.60%
Free Cash Flow	939	2,138	1,390	1,893	1,380	1,820
Free Cash Flow Per Share	1.04	2.51	1.61	2.13	1.57	2.10
Dividend Per Share	0.760	0.745	0.635	0.510	0.280	-
Dividend Growth	2.70%	17.32%	24.51%	82.14%	-	-
Gross Margin	28.30%	28.97%	26.80%	29.15%	29.38%	29.32%
Operating Margin	8.99%	10.27%	12.35%	12.46%	11.89%	14.20%
Profit Margin	14.00%	6.10%	17.31%	8.07%	11.35%	11.37%
Free Cash Flow Margin	3.79%	9.68%	6.81%	9.18%	7.91%	9.78%
EBITDA	3,318	2,811	2,901	2,906	2,411	2,978
EBITDA Margin	13.38%	12.72%	14.21%	14.10%	13.81%	16.00%
D&A For EBITDA	1,088	542	380	338	336	335
EBIT	2,230	2,269	2,521	2,568	2,075	2,643
EBIT Margin	8.99%	10.27%	12.35%	12.46%	11.89%	14.20%
Effective Tax Rate	24.42%	30.90%	16.50%	29.13%	29.74%	19.35%
Revenue as Reported	24,801	22,098	20,421	20,613	17,456	18,608

Source: S&P Capital IQ. Standard template. Financial Sources.