Carrier Global Corporation (CARR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
13995 PASTEUR BOULEVARD PALM BEACH GARDENS, FL 33418 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,313 | 10,015 | 3,902 | 3,209 | 3,347 | 3,520 | |||
| Cash and cash equivalents | 1,313 | 10,015 | 3,902 | 3,209 | 3,347 | 3,520 | |||
| Receivables | 3,156 | 2,481 | 3,030 | 3,212 | 3,032 | 2,833 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,189 | 2,217 | 2,562 | 2,699 | 2,803 | 2,640 | |||
| Inventory | 3,189 | 2,217 | 2,562 | 2,699 | 2,803 | 2,640 | |||
| Contract with customer, asset, after allowance for credit loss | 320 | 306 | 605 | 578 | 568 | 537 | |||
| Disposal group, including discontinued operation | 3,169 | 3,314 | |||||||
| Other current assets | 568 | 447 | 412 | 443 | 408 | 349 | |||
| Total current assets: | 11,715 | 18,780 | 10,511 | 10,141 | 10,158 | 9,879 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 633 | 491 | 577 | 600 | 625 | 642 | |||
| Property, plant and equipment | 3,179 | 2,293 | 2,210 | 2,262 | 2,277 | 2,241 | |||
| Long-term investments and receivables | 1,155 | 1,140 | 1,166 | 1,139 | 1,103 | 1,148 | |||
| Long-term investments | 1,155 | 1,140 | 1,166 | 1,139 | 1,103 | 1,148 | |||
| Intangible assets, net (including goodwill) | 22,717 | 9,017 | 10,925 | 11,108 | 11,274 | 11,319 | |||
| Goodwill | 15,366 | 7,989 | 9,825 | 9,927 | 9,987 | 9,977 | |||
| Intangible assets, net (excluding goodwill) | 7,351 | 1,028 | 1,100 | 1,181 | 1,287 | 1,342 | |||
| Contract with customer, asset, after allowance for credit loss | 30 | 26 | 18 | 8 | 6 | 6 | |||
| Deferred income tax assets | 823 | 739 | 712 | 690 | 639 | 612 | |||
| Other noncurrent assets | 510 | 330 | 414 | 312 | 306 | 219 | |||
| Other undisclosed noncurrent assets | 48 | 6 | 11 | 24 | 23 | 20 | |||
| Total noncurrent assets: | 29,095 | 14,042 | 16,033 | 16,143 | 16,253 | 16,207 | |||
| TOTAL ASSETS: | 40,810 | 32,822 | 26,544 | 26,284 | 26,411 | 26,086 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,068 | 5,553 | 5,719 | 5,617 | 5,300 | 5,443 | |||
| Accounts payable | 3,074 | 2,742 | 2,887 | 2,956 | 2,926 | 2,833 | |||
| Accrued liabilities | 2,994 | 2,811 | 2,832 | 2,661 | 2,374 | 2,610 | |||
| Deferred revenue | 501 | 425 | 496 | 483 | 516 | 449 | |||
| Debt | 1,248 | 51 | 134 | 134 | 142 | 140 | |||
| Disposal group, including discontinued operation | 820 | 862 | |||||||
| Total current liabilities: | 8,637 | 6,891 | 6,349 | 6,234 | 5,958 | 6,032 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 15,647 | 14,242 | 8,651 | 8,655 | 8,708 | 8,702 | |||
| Long-term debt, excluding current maturities | 15,647 | 8,651 | 8,655 | 8,708 | |||||
| Other undisclosed long-term debt and lease obligation | 14,242 | 8,702 | |||||||
| Liabilities, other than long-term debt | 4,620 | 2,684 | 3,042 | 3,107 | 3,277 | 3,276 | |||
| Deferred income tax liabilities | 2,272 | 535 | 553 | 560 | 581 | 568 | |||
| Liability, pension and other postretirement and postemployment benefits | 259 | 155 | 337 | 350 | 354 | 349 | |||
| Other liabilities | 1,584 | 1,603 | 1,687 | 1,712 | 1,836 | 1,830 | |||
| Operating lease, liability | 505 | 391 | 465 | 485 | 506 | 529 | |||
| Total noncurrent liabilities: | 20,267 | 16,926 | 11,693 | 11,762 | 11,985 | 11,978 | |||
| Total liabilities: | 28,904 | 23,817 | 18,042 | 17,996 | 17,943 | 18,010 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,561 | 8,677 | 8,184 | 7,969 | 8,134 | 7,758 | |||
| Common stock | 9 | 9 | 9 | 9 | 9 | 9 | |||
| Treasury stock, value | (1,972) | (1,972) | (1,972) | (1,972) | (1,972) | (1,910) | |||
| Additional paid in capital | 8,536 | 5,535 | 5,517 | 5,494 | 5,494 | 5,481 | |||
| Accumulated other comprehensive loss | (1,872) | (1,486) | (1,856) | (1,691) | (1,636) | (1,688) | |||
| Retained earnings | 6,860 | 6,591 | 6,486 | 6,129 | 6,239 | 5,866 | |||
| Equity, attributable to noncontrolling interest | 345 | 328 | 318 | 319 | 334 | 318 | |||
| Total equity: | 11,906 | 9,005 | 8,502 | 8,288 | 8,468 | 8,076 | |||
| TOTAL LIABILITIES AND EQUITY: | 40,810 | 32,822 | 26,544 | 26,284 | 26,411 | 26,086 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,182 | 5,102 | 5,731 | 5,992 | 5,273 | 5,105 | ||
| Cost of revenue | (4,477) | (3,668) | (3,915) | (4,237) | (3,895) | (3,858) | ||
| Gross profit: | 1,705 | 1,434 | 1,816 | 1,755 | 1,378 | 1,247 | ||
| Operating expenses | (1,209) | (1,131) | (988) | (935) | (860) | (822) | ||
| Other operating income (expense), net | (27) | 264 | (258) | (383) | (7) | (32) | ||
| Other undisclosed operating income | 31 | 40 | 75 | 52 | 44 | 40 | ||
| Operating income: | 500 | 607 | 645 | 489 | 555 | 433 | ||
| Nonoperating expense | (1) | (2) | ||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (2) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (362) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 500 | 244 | 645 | 489 | 555 | 431 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (165) | 315 | (51) | (67) | (46) | (54) | ||
| Income from continuing operations before income taxes: | 335 | 559 | 594 | 422 | 509 | 377 | ||
| Income tax expense | (46) | (120) | (213) | (189) | (122) | (99) | ||
| Net income: | 289 | 439 | 381 | 233 | 387 | 278 | ||
| Net loss attributable to noncontrolling interest | (20) | (19) | (24) | (34) | (14) | (8) | ||
| Net income available to common stockholders, diluted: | 269 | 420 | 357 | 199 | 373 | 270 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 289 | 439 | 381 | 233 | 387 | 278 | ||
| Other comprehensive income (loss) | (389) | 374 | (166) | (63) | 54 | 713 | ||
| Comprehensive income (loss): | (100) | 813 | 215 | 170 | 441 | 991 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (17) | (23) | (23) | (26) | (16) | (4) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (117) | 790 | 192 | 144 | 425 | 987 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.