Otis Worldwide
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Otis Worldwide generated cash of $1,627,000,000, which is more than the previous year. Cash used in financing activities reached the amount of -$1,350,000,000 last year. Net change in cash is therefore $79,000,000.
Cash Flow
| 2017 | 1.45B | -186M | -1.40B |
|---|---|---|---|
| 2018 | 1.55B | -201M | -1.49B |
| 2019 | 1.46B | -203M | -1.13B |
| 2020 | 1.48B | -353M | -844M |
| 2021 | 1.75B | -89M | 58M |
| 2022 | 1.56B | -33M | -3.65B |
| 2023 | 1.62B | -183M | -1.35B |
OTIS Cash Flow Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Cash at beginning of period | 1.19B | 3.47B | 1.80B | 1.45B | 1.34B | 1.57B | 1.61B |
Operating activities | |||||||
Net income | 1.49B | 1.36B | 1.42B | 1.05B | 1.26B | 1.21B | 809M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||||
Depreciation and amortization | 193M | 191M | 203M | 191M | 180M | 190M | 177M |
Stock-based compensation expense | 64M | 67M | 65M | 63M | 37M | 0 | 29M |
| Deferred income tax benefit | 64M | 67M | 65M | 63M | 37M | 0 | 29M |
| Changes in operating assets and liabilities: | |||||||
Accounts receivable, net | -239M | -309M | -152M | -163M | -191M | -196M | -13M |
Inventories | 15M | -65M | 14M | -76M | 60M | 24M | -109M |
Accounts payable | 152M | 272M | 130M | 20M | 27M | 124M | 158M |
Cash generated by operating activities | 1.62B | 1.56B | 1.75B | 1.48B | 1.46B | 1.55B | 1.45B |
Investing activities | |||||||
Purchases Of Investments | 0 | -7M | 156M | -51M | -5M | 172M | 0 |
Investments In Property Plant And Equipment | -138M | -115M | -156M | -183M | -145M | -172M | -133M |
Acquisitions Net | -36M | 15M | -80M | -53M | -47M | -50M | -53M |
Cash generated by investing activities | -183M | -33M | -89M | -353M | -203M | -201M | -186M |
Financing activities | |||||||
Common Stock Issued | 0 | 0 | -1.35B | 0 | 0 | 0 | 0 |
Payments for dividends | -539M | -465M | -393M | -260M | 0 | 0 | 0 |
Repurchases of common stock | -800M | -850M | -725M | 0 | 0 | 0 | 0 |
Repayments of term debt | 100M | -387M | -1.35B | -1B | 0 | -11M | -1M |
Cash used in financing activities | -1.35B | -3.65B | 58M | -844M | -1.13B | -1.49B | -1.40B |
Net Change In Cash | 79M | -2.28B | -236M | 323M | 100M | -242M | -59M |
Cash at end of period | 1.27B | 1.18B | 1.56B | 1.78B | 1.44B | 1.32B | 1.55B |
| Data source | Data source | Data source | Data source |