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	Upgrade
Revenue Growth (YoY)	3.83%	-4.29%	12.09%	-2.76%	1.57%	Upgrade
Cost of Revenue	10,016	9,765	10,105	8,977	9,292	Upgrade
Gross Profit	4,193	3,920	4,193	3,779	3,826	Upgrade
Selling, General & Admin	1,884	1,763	1,948	1,924	1,810	Upgrade
Research & Development	144	150	159	152	163	Upgrade
Operating Expenses	2,028	1,913	2,107	2,076	1,973	Upgrade
Operating Income	2,165	2,007	2,086	1,703	1,853	Upgrade
Interest Expense / Income	150	143	136	122	-14	Upgrade
Other Expense / Income	76	92	163	220	157	Upgrade
Pretax Income	1,939	1,772	1,787	1,361	1,710	Upgrade
Income Tax	533	519	541	455	594	Upgrade
Net Income	1,406	1,253	1,246	906	1,116	Upgrade
Net Income Growth	12.21%	0.56%	37.53%	-18.82%	6.39%	Upgrade
Shares Outstanding (Basic)	411	420	428	433	433	Upgrade
Shares Outstanding (Diluted)	415	423	431	435	433	Upgrade
Shares Change	-1.99%	-1.95%	-0.74%	0.35%	-	Upgrade
EPS (Basic)	3.42	2.98	2.91	2.09	2.55	Upgrade
EPS (Diluted)	3.39	2.96	2.89	2.08	2.55	Upgrade
EPS Growth	14.53%	2.42%	38.94%	-18.43%	5.37%	Upgrade
Free Cash Flow	1,489	1,445	1,594	1,297	1,324	Upgrade
Free Cash Flow Per Share	3.62	3.44	3.73	2.99	3.06	Upgrade
Dividend Per Share	0.970	1.110	0.920	0.600	-	Upgrade
Dividend Growth	-12.61%	20.65%	53.33%	-	-	Upgrade
Gross Margin	29.51%	28.64%	29.33%	29.63%	29.17%	Upgrade
Operating Margin	15.24%	14.67%	14.59%	13.35%	14.13%	Upgrade
Profit Margin	9.90%	9.16%	8.71%	7.10%	8.51%	Upgrade
Free Cash Flow Margin	10.48%	10.56%	11.15%	10.17%	10.09%	Upgrade
Effective Tax Rate	27.49%	29.29%	30.27%	33.43%	34.74%	Upgrade
EBITDA	2,282	2,106	2,126	1,674	1,876	Upgrade
EBITDA Margin	16.06%	15.39%	14.87%	13.12%	14.30%	Upgrade
Depreciation & Amortization	193	191	203	191	180	Upgrade
EBIT	2,089	1,915	1,923	1,483	1,696	Upgrade
EBIT Margin	14.70%	13.99%	13.45%	11.63%	12.93%	Upgrade

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).