Carrier Global Corporation (CARR)

Income Statement (Annual)

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

Year	2022	2021	2020	2019	2018	2017
Revenue	20,421	20,613	17,456	18,608	18,914	17,814
Revenue Growth (YoY)	-0.93%	18.09%	-6.19%	-1.62%	6.17%	-
Cost of Revenue	14,957	14,633	12,347	13,189	13,345	12,629
Gross Profit	5,464	5,980	5,109	5,419	5,569	5,185
Selling, General & Admin	2,512	3,120	2,820	2,761	2,689	2,584
Research & Development	539	503	419	401	400	364
Operating Expenses	3,051	3,623	3,239	3,162	3,089	2,948
Operating Income	2,413	2,357	1,870	2,257	2,480	2,237
Interest Expense / Income	219	306	288	-27	-37	115
Other Expense / Income	-2,048	-312	-1,249	-349	-1,290	-892
Pretax Income	4,242	2,363	2,831	2,633	3,807	3,014
Income Tax	708	699	849	517	1,073	1,787
Net Income	3,534	1,664	1,982	2,116	2,734	1,227
Net Income Growth	112.38%	-16.04%	-6.33%	-22.60%	122.82%	-
Shares Outstanding (Basic)	843	868	867	866	866	-
Shares Outstanding (Diluted)	861	890	880	866	866	-
Shares Change	-3.27%	1.15%	1.62%	-	-	-
EPS (Basic)	4.19	1.92	2.29	2.44	3.16	-
EPS (Diluted)	4.10	1.87	2.25	2.44	3.16	-
EPS Growth	119.25%	-16.89%	-7.79%	-22.78%	-	-
Free Cash Flow Per Share	1.65	2.18	1.59	2.10	2.07	-
Dividend Per Share	0.450	0.510	0.280	-	-	-
Dividend Growth	-11.76%	82.14%	-	-	-	-
Gross Margin	26.76%	29.01%	29.27%	29.12%	29.44%	29.11%
Operating Margin	11.82%	11.43%	10.71%	12.13%	13.11%	12.56%
Profit Margin	17.31%	8.07%	11.35%	11.37%	14.45%	6.89%
Free Cash Flow Margin	6.81%	9.18%	7.91%	9.78%	9.47%	9.95%
Effective Tax Rate	16.69%	29.58%	29.99%	19.64%	28.18%	59.29%
EBITDA	4,841	3,007	3,455	2,941	4,127	3,501
EBITDA Margin	23.71%	14.59%	19.79%	15.81%	21.82%	19.65%
Depreciation & Amortization	380	338	336	335	357	372
EBIT	4,461	2,669	3,119	2,606	3,770	3,129
EBIT Margin	21.85%	12.95%	17.87%	14.00%	19.93%	17.56%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).