Eaton Corporation, PLC (ETN) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 PEMBROKE ROAD
DUBLIN, DUBLIN 4
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 359 - Miscellaneous Industrial And Commercial (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5555681,1025914401,095
Cash and cash equivalents294297438370283561
Short-term investments261271664221157534
Receivables4,0763,2972,9043,4373,8583,943
Inventory, net of allowances, customer advances and progress billings3,4302,9692,1092,8052,7852,620
Inventory3,4302,9692,1092,8052,7852,620
Disposal group, including discontinued operation   2,4871,377  
Other undisclosed current assets685677576518507679
Total current assets:8,7467,5119,1788,7287,5908,337
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    26
Operating lease, right-of-use asset570442428436
Property, plant and equipment3,1463,0642,9643,4963,4673,502
Intangible assets, net (including goodwill)20,28120,60617,07818,09418,17418,833
Goodwill14,79614,75112,90313,45613,32813,568
Intangible assets, net (excluding goodwill)5,4855,8554,1754,6384,8465,265
Deferred income tax assets330392426 
Other noncurrent assets1,9402,0121,7501,6791,5681,698
Other undisclosed noncurrent assets1  346293253
Total noncurrent assets:26,26826,51622,64624,07723,50224,286
TOTAL ASSETS:35,01434,02731,82432,80531,09232,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5393,2982,3382,5632,5872,619
Employee-related liabilities501351449457453
Accounts payable3,0722,7971,9872,1142,1302,166
Accrued liabilities467     
Debt3341,7481,048503753584
Other liabilities2,4882,1662,0271,7411,8141,872
Other undisclosed current liabilities(1) 468325  
Total current liabilities:6,3607,2125,8815,1325,1545,075
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,3216,8317,0107,8196,7687,167
Finance lease, liability 18233021
Other undisclosed long-term debt and lease obligation8,3036,4716,6547,4676,7687,167
Liabilities, other than long-term debt3,2593,1963,6342,9943,0283,091
Deferred tax liabilities, net349538
Deferred income tax liabilities530559277 
Liability, pension and other postretirement and postemployment benefits8261,1351,9181,7901,6251,588
Other liabilities1,4441,5021,4391,2041,054965
Operating lease, liability459337326331
Other undisclosed noncurrent liabilities  337326727  
Total noncurrent liabilities:11,58010,36410,97011,5409,79610,258
Other undisclosed liabilities (1)     
Total liabilities:17,93917,57616,85116,67214,95015,333
Equity
Equity, attributable to parent, including:17,03816,41314,93016,08216,10717,253
Additional paid in capital12,51212,44912,32912,20012,09011,987
Deferred compensation equity(1)(1)(2)(2)(3)(3)
Accumulated other comprehensive loss(3,946)(3,633)(4,195)(4,290)(4,145)(3,404)
Retained earnings8,4687,5946,7948,1708,1618,669
Other undisclosed equity, attributable to parent544444
Equity, attributable to noncontrolling interest383843513537
Other undisclosed equity(1)     
Total equity:17,07516,45114,97316,13316,14217,290
TOTAL LIABILITIES AND EQUITY:35,01434,02731,82432,80531,09232,623

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,75219,62817,85821,39021,60920,404
Revenue, net20,404
Cost of revenue(13,865)(13,293)(12,408)(14,338)(14,511)(13,756)
Gross profit:6,8876,3355,4507,0527,0986,648
Operating expenses(3,868)(3,255)(3,405)(4,532)(4,225)(3,571)
Operating income:3,0193,0802,0452,5202,8733,077
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
36(40)(150)(36)438
Interest and debt expense (1)(144)(149)(236)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   343(453)253
Income from continuing operations before equity method investments, income taxes:3,0542,8961,7462,5912,4243,368
Other undisclosed loss from continuing operations before income taxes(143)     
Income from continuing operations before income taxes:2,9112,8961,7462,5912,4243,368
Income tax expense(445)(750)(331)(378)(278)(382)
Income from continuing operations:2,4662,1461,4152,2132,1462,986
Income before gain (loss) on sale of properties:2,1461,4152,2132,1462,986
Other undisclosed net loss (1)     
Net income:2,4652,1461,4152,2132,1462,986
Net loss attributable to noncontrolling interest(4)(2)(5)(2)(1)(1)
Other undisclosed net income attributable to parent1     
Net income available to common stockholders, diluted:2,4622,1441,4102,2112,1452,985

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,4652,1461,4152,2132,1462,986
Other comprehensive income (loss) (313)56295(145)(741)1,044
Other undisclosed comprehensive loss      
Comprehensive income:2,1522,7081,5102,0681,4054,030
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(2)(5)(2)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent1     
Comprehensive income, net of tax, attributable to parent:2,1492,7061,5052,0661,4044,029

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.

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