Otis Worldwide
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Otis Worldwide's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $14,209,000,000. The net income raised on $1,406,000,000 and profit margin reached 10%. Total operating expenses were $2,007,000,000.
Profit Margin
| 2017 | 12.32B | 636M | 5.16% |
|---|---|---|---|
| 2018 | 12.91B | 1.04B | 8.12% |
| 2019 | 13.11B | 1.11B | 8.51% |
| 2020 | 12.75B | 906M | 7.1% |
| 2021 | 14.29B | 1.24B | 8.71% |
| 2022 | 13.68B | 1.25B | 9.16% |
| 2023 | 14.20B | 1.40B | 9.9% |
OTIS Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue | 14.20B | 13.68B | 14.29B | 12.75B | 13.11B | 12.91B | 12.32B |
Cost of revenue | 10.01B | 9.76B | 10.10B | 8.97B | 9.29B | 9.18B | 8.62B |
Gross profit | 4.19B | 3.92B | 4.19B | 3.77B | 3.82B | 3.72B | 3.70B |
Operating exp. | |||||||
Research and development | 144M | 150M | 159M | 152M | 163M | 181M | 175M |
Selling and marketing | 0 | 0 | 0 | 1.92B | 1.81B | 1.73B | 1.64B |
Total operating expenses | 2.00B | 1.88B | 2.08B | 2.14B | 2.01B | 1.89B | 1.78B |
Operating income | 2.18B | 2.03B | 2.10B | 1.63B | 1.81B | 1.83B | 1.91B |
Other income (expenses), net | -155M | -145M | -147M | -128M | 47M | 44M | 41M |
Income before tax | 2.03B | 1.88B | 1.96B | 1.51B | 1.86B | 1.89B | 1.95B |
Income tax expense | 533M | 519M | 541M | 455M | 594M | 683M | 1.14B |
Net income | 1.40B | 1.25B | 1.24B | 906M | 1.11B | 1.04B | 636M |
Earnings per share | |||||||
Basic EPS | 3.42 | 2.98 | 2.91 | 2.09 | 2.58 | 2.42 | 1.47 |
Diluted EPS | 3.39 | 2.96 | 2.89 | 2.08 | 2.58 | 2.42 | 1.46 |
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