Otis Worldwide Corporation (OTIS) financial statements (2022 and earlier)

Company profile

Business Address ONE CARRIER PLACE
FARMINGTON, CT 06032
State of Incorp. DE
Fiscal Year End December 31
SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5651,782
Cash and cash equivalents1,5651,782
Restricted cash and investments1,910 
Receivables3,2323,148
Inventory, net of allowances, customer advances and progress billings622659
Inventory622659
Contract with customer, asset550458
Other current assets382446
Total current assets:8,2616,493
Noncurrent Assets
Operating lease, right-of-use asset526542
Property, plant and equipment774774
Intangible assets, net (including goodwill)2,0862,257
Goodwill1,6671,773
Intangible assets, net (excluding goodwill)419484
Deferred income tax assets335334
Other noncurrent assets297310
Total noncurrent assets:4,0184,217
TOTAL ASSETS:12,27910,710
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5493,430
Accounts payable1,5561,453
Accrued liabilities1,9931,977
Deferred revenue2,6742,542
Debt24701
Total current liabilities:6,2476,673
Noncurrent Liabilities
Long-term debt and lease obligation7,5855,629
Long-term debt, excluding current maturities7,2495,262
Operating lease, liability336367
Liabilities, other than long-term debt1,4311,609
Deferred income tax liabilities267321
Liability, pension and other postretirement and postemployment benefits558654
Other liabilities606634
Total noncurrent liabilities:9,0167,238
Total liabilities:15,26313,911
Temporary equity, carrying amount16083
Stockholders' equity
Stockholders' equity attributable to parent(3,625)(3,832)
Common stock11959
Treasury stock, value(725) 
Accumulated other comprehensive loss(763)(815)
Accumulated deficit(2,256)(3,076)
Stockholders' equity attributable to noncontrolling interest481548
Total stockholders' equity:(3,144)(3,284)
TOTAL LIABILITIES AND EQUITY:12,27910,710

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

12/31/2021
12/31/2020
Revenues14,29812,756
Cost of revenue(9,962)(8,738)
Gross profit:4,3364,018
Operating expenses(2,250)(2,315)
Other operating income (expense), net22(64)
Operating income:2,1081,639
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(11)(6)
Interest and debt expense(136)(5)
Income from continuing operations before equity method investments, income taxes:1,9611,628
Other undisclosed loss from continuing operations before income taxes (117)
Income from continuing operations before income taxes:1,9611,511
Income tax expense(541)(455)
Net income:1,4201,056
Net loss attributable to noncontrolling interest(174)(150)
Net income available to common stockholders, diluted:1,246906

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net income:1,4201,056
Other comprehensive income (loss)25(21)
Comprehensive income:1,4451,035
Comprehensive loss, net of tax, attributable to noncontrolling interest(147)(186)
Comprehensive income, net of tax, attributable to parent:1,298849

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: