Selected Financial Data
since 2020
Paying user area
Try for free
Carrier Global Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Price to Earnings (P/E) since 2020
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Carrier Global Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Income Statement
Carrier Global Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net sales | Operating profit | Net income attributable to common shareowners |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Net Sales
- Net sales increased from 17,456 million USD in 2020 to 20,613 million USD in 2021, representing a significant growth. However, in 2022, net sales slightly declined to 20,421 million USD, indicating a stabilization or minor decrease following the previous year's increase.
- Operating Profit
- Operating profit declined from 3,083 million USD in 2020 to 2,645 million USD in 2021, reflecting a reduction in operational efficiency or increased costs during that period. In contrast, 2022 showed a marked recovery with operating profit rising sharply to 4,515 million USD, surpassing the 2020 level and indicating improved operational performance.
- Net Income Attributable to Common Shareowners
- Net income attributable to common shareowners decreased from 1,982 million USD in 2020 to 1,664 million USD in 2021, mirroring the downtrend observed in operating profit. The year 2022 revealed a strong rebound with net income more than doubling to 3,534 million USD, suggesting enhanced profitability and potentially improved cost management or other favorable financial factors.
Balance Sheet: Assets
Carrier Global Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Current Assets
- Current assets increased significantly from 8,524 million US dollars at the end of 2020 to 11,407 million US dollars by the end of 2021, representing a notable growth. However, in 2022, current assets declined to 9,879 million US dollars, indicating a partial reversal from the previous year's increase but still maintaining a higher level than in 2020.
- Total Assets
- Total assets showed a gradual increase from 25,093 million US dollars at the end of 2020 to 26,172 million US dollars at the end of 2021. In 2022, total assets remained relatively stable at 26,086 million US dollars, indicating minimal change from the prior year and suggesting that the asset base has plateaued after a slight upward trend.
- Overall Analysis
- The data indicate a period of asset growth during 2021, particularly in current assets, which could signify improved liquidity or operational growth. However, the reduction in current assets in 2022, despite stable total assets, may point to a reallocation of resources or changes in working capital management. The total asset stability in 2022 suggests that the company maintained its asset base without significant expansion or contraction during that period.
Balance Sheet: Liabilities and Stockholders’ Equity
Carrier Global Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Long-term debt, including current portion | Equity attributable to common shareowners | |
|---|---|---|---|---|
| Dec 31, 2022 | ||||
| Dec 31, 2021 | ||||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Current Liabilities
- The current liabilities increased from 5,110 million USD in 2020 to 6,627 million USD in 2021, representing a significant rise. However, in 2022, current liabilities decreased to 6,032 million USD, indicating an improvement in short-term obligations management compared to the previous year.
- Total Liabilities
- Total liabilities showed a moderate upward movement from 18,515 million USD in 2020 to 19,078 million USD in 2021. In 2022, total liabilities declined to 18,010 million USD, suggesting a reduction in overall debt and obligations.
- Long-term Debt, Including Current Portion
- Long-term debt decreased consistently over the three years, from 10,227 million USD in 2020 to 9,696 million USD in 2021, and then further decreased to 8,842 million USD in 2022. This trend indicates ongoing efforts to reduce long-term financial leverage and improve the debt structure.
- Equity Attributable to Common Shareowners
- Equity attributable to common shareholders rose steadily from 6,252 million USD in 2020 to 6,767 million USD in 2021, followed by a further increase to 7,758 million USD in 2022. This upward trend reflects growth in shareholder value and the strengthening of the company's capital base.
Cash Flow Statement
Carrier Global Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash flows provided by operating activities | Net cash flows (used in) provided by investing activities | Net cash flows used in financing activities |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of the financial data reveals several key trends in the company’s cash flow activities over the three-year period ending December 31, 2022.
- Operating Activities
- The net cash flows provided by operating activities increased from $1,692 million in 2020 to $2,237 million in 2021, indicating an improvement in operating cash generation. However, in 2022 there was a decline to $1,743 million, which, although still positive, suggests some reduction in operational cash efficiency or possibly higher operational costs or changes in working capital management compared to the preceding year.
- Investing Activities
- The net cash flows from investing activities displayed more volatility. There was a significant cash inflow of $1,106 million in 2020, followed by a substantial cash outflow of $692 million in 2021. This shift could suggest increased capital expenditures or investments made in 2021. In 2022, the cash flow again turned positive to $1,745 million, a notable reversal indicating possible divestitures, asset sales, or reduced investment spending driving cash inflows.
- Financing Activities
- Net cash flows used in financing activities exhibited a consistent increasing outflow trend over the three years, moving from -$681 million in 2020 to -$1,562 million in 2021 and further deteriorating to -$2,931 million in 2022. This pattern implies an escalating use of cash for financing purposes, such as debt repayments, dividends, or share repurchases, reflecting a significant allocation of cash resources towards meeting financing obligations or returning capital to shareholders.
Overall, the company demonstrated strong operating cash flow generation with some fluctuations, contrasted by variable investing cash flows indicating an active investment and divestiture strategy. Simultaneously, the increasing negative cash flows from financing activities highlight a growing focus on debt reduction or shareholder returns, which may be influencing the company’s liquidity and cash management strategy.
Per Share Data
Carrier Global Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2022 | |||
| Dec 31, 2021 | |||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data reveals several notable trends in earnings and dividends over the three-year period ending in 2022. Basic earnings per share (EPS) experienced a decrease from $2.29 in 2020 to $1.92 in 2021, followed by a significant increase to $4.19 in 2022. This pattern indicates an initial decline in profitability per share, with a strong recovery and growth in the final year.
Diluted earnings per share similarly declined from $2.25 in 2020 to $1.87 in 2021 and then rose substantially to $4.10 in 2022. The close alignment between basic and diluted EPS across all years suggests limited dilution effects from convertible securities or stock options.
Dividend per share showed a consistent upward trend, starting at $0.28 in 2020, increasing to $0.51 in 2021, and further rising to $0.64 in 2022. This steady increase in dividends despite the dip in earnings in 2021 indicates a commitment to returning value to shareholders and possibly reflects confidence in the company's cash flow stability.
- Summary of Observations
- - Earnings per share declined in 2021 but more than doubled in 2022, indicating a strong rebound in profitability.
- - The dilution impact on earnings per share is minimal, as seen from the comparable basic and diluted EPS figures.
- - Dividends per share demonstrate consistent growth, underlining a shareholder-friendly approach even during a year of reduced earnings.