Otis Worldwide 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	14,209	13,685	14,298	12,756	13,118	12,915	12,323
Revenue Growth (YoY)	3.83%	-4.29%	12.09%	-2.76%	1.57%	4.80%	-
Cost of Revenue	10,016	9,765	10,105	8,977	9,292	9,189	8,621
Gross Profit	4,193	3,920	4,193	3,779	3,826	3,726	3,702
Selling, General & Admin	1,884	1,763	1,948	1,924	1,810	1,735	1,648
Research & Development	144	150	159	152	163	181	175
Operating Expenses	2,028	1,913	2,107	2,076	1,973	1,916	1,823
Operating Income	2,165	2,007	2,086	1,703	1,853	1,810	1,879
Interest Expense / Income	150	143	136	122	-14	-14	-21
Other Expense / Income	76	92	163	220	157	92	116
Pretax Income	1,939	1,772	1,787	1,361	1,710	1,732	1,784
Income Tax	533	519	541	455	594	683	1,148
Net Income	1,406	1,253	1,246	906	1,116	1,049	636
Net Income Growth	12.21%	0.56%	37.53%	-18.82%	6.39%	64.94%	-
Shares Outstanding (Basic)	411	420	428	433	433	433	-
Shares Outstanding (Diluted)	415	423	431	435	433	433	-
Shares Change	-1.99%	-1.95%	-0.74%	0.35%	-	-	-
EPS (Basic)	3.42	2.98	2.91	2.09	2.55	2.42	-
EPS (Diluted)	3.39	2.96	2.89	2.08	2.55	2.42	-
EPS Growth	14.53%	2.42%	38.94%	-18.43%	5.37%	-	-
Free Cash Flow	1,489	1,445	1,594	1,297	1,324	1,378	1,317
Free Cash Flow Per Share	3.62	3.44	3.73	2.99	3.06	3.18	-
Dividend Per Share	0.970	1.110	0.920	0.600	-	-	-
Dividend Growth	-12.61%	20.65%	53.33%	-	-	-	-
Gross Margin	29.51%	28.64%	29.33%	29.63%	29.17%	28.85%	30.04%
Operating Margin	15.24%	14.67%	14.59%	13.35%	14.13%	14.01%	15.25%
Profit Margin	9.90%	9.16%	8.71%	7.10%	8.51%	8.12%	5.16%
Free Cash Flow Margin	10.48%	10.56%	11.15%	10.17%	10.09%	10.67%	10.69%
Effective Tax Rate	27.49%	29.29%	30.27%	33.43%	34.74%	39.43%	64.35%
EBITDA	2,282	2,106	2,126	1,674	1,876	1,908	1,940
EBITDA Margin	16.06%	15.39%	14.87%	13.12%	14.30%	14.77%	15.74%
Depreciation & Amortization	193	191	203	191	180	190	177
EBIT	2,089	1,915	1,923	1,483	1,696	1,718	1,763
EBIT Margin	14.70%	13.99%	13.45%	11.63%	12.93%	13.30%	14.31%

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).