Carrier Global Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017
Revenue	22,098	20,421	20,613	17,456	18,608	18,914	17,814
Revenue Growth (YoY)	8.21%	-0.93%	18.09%	-6.19%	-1.62%	6.17%	-
Cost of Revenue	15,715	14,957	14,633	12,347	13,189	13,345	12,629
Gross Profit	6,383	5,464	5,980	5,109	5,419	5,569	5,185
Selling, General & Admin	3,297	2,512	3,120	2,820	2,761	2,689	2,584
Research & Development	617	539	503	419	401	400	364
Operating Expenses	3,914	3,051	3,623	3,239	3,162	3,089	2,948
Operating Income	2,469	2,413	2,357	1,870	2,257	2,480	2,237
Interest Expense / Income	211	219	306	288	-27	-37	115
Other Expense / Income	265	-2,048	-312	-1,249	-349	-1,290	-892
Pretax Income	1,993	4,242	2,363	2,831	2,633	3,807	3,014
Income Tax	644	708	699	849	517	1,073	1,787
Net Income	1,349	3,534	1,664	1,982	2,116	2,734	1,227
Net Income Growth	-61.83%	112.38%	-16.04%	-6.33%	-22.60%	122.82%	-
Shares Outstanding (Basic)	837	843	868	867	866	866	-
Shares Outstanding (Diluted)	853	861	890	880	866	866	-
Shares Change	-0.95%	-3.27%	1.15%	1.62%	-	-	-
EPS (Basic)	1.61	4.19	1.92	2.29	2.44	3.16	-
EPS (Diluted)	1.58	4.10	1.87	2.25	2.44	3.16	-
EPS Growth	-61.46%	119.25%	-16.89%	-7.79%	-22.78%	-	-
Free Cash Flow	2,138	1,390	1,893	1,380	1,820	1,792	1,772
Free Cash Flow Per Share	2.55	1.65	2.18	1.59	2.10	2.07	-
Dividend Per Share	0.555	0.635	0.510	0.280	-	-	-
Dividend Growth	-12.60%	24.51%	82.14%	-	-	-	-
Gross Margin	28.88%	26.76%	29.01%	29.27%	29.12%	29.44%	29.11%
Operating Margin	11.17%	11.82%	11.43%	10.71%	12.13%	13.11%	12.56%
Profit Margin	6.10%	17.31%	8.07%	11.35%	11.37%	14.45%	6.89%
Free Cash Flow Margin	9.68%	6.81%	9.18%	7.91%	9.78%	9.47%	9.95%
Effective Tax Rate	32.31%	16.69%	29.58%	29.99%	19.64%	28.18%	59.29%
EBITDA	2,746	4,841	3,007	3,455	2,941	4,127	3,501
EBITDA Margin	12.43%	23.71%	14.59%	19.79%	15.81%	21.82%	19.65%
Depreciation & Amortization	542	380	338	336	335	357	372
EBIT	2,204	4,461	2,669	3,119	2,606	3,770	3,129
EBIT Margin	9.97%	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).