Stock Analysis on Net
Stock Analysis on Net

Carrier Global Corp. (NYSE:CARR)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 26, 2023.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Carrier Global Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Product sales
Service sales
Net sales
Cost of products sold
Cost of services sold
Cost of products and services sold
Gross margin
Research and development
Selling, general and administrative
Equity method investment net earnings
Transaction gains
Impairment charge on minority-owned joint venture investments
Other
Other income (expense), net
Operating profit
Non-service pension benefit (expense)
Interest expense
Interest income
Interest income (expense), net
Income from operations before income taxes
Income tax expense
Net income from operations
Non-controlling interest in subsidiaries’ earnings from operations
Net income attributable to common shareowners

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Carrier Global Corp. net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Carrier Global Corp. operating profit decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income from operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Carrier Global Corp. income from operations before income taxes decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net income attributable to common shareowners The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Carrier Global Corp. net income attributable to common shareowners decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.