OTIS
Income statement / Annual
Last year (2023), Otis Worldwide Corporation's total revenue was $14.21 B,
an increase of 3.83% from the previous year.
In 2023, Otis Worldwide Corporation's net income was $1.41 B.
See Otis Worldwide Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
| Operating Revenue |
$14.21 B
|
$13.69 B
|
$14.30 B
|
$12.76 B
|
$13.12 B
|
$12.92 B
|
$12.32 B
|
| Cost of Revenue |
$10.02 B |
$9.77 B |
$10.11 B |
$8.98 B |
$9.29 B |
$9.19 B |
$8.62 B |
| Gross Profit |
$4.19 B |
$3.92 B |
$4.19 B |
$3.78 B |
$3.83 B |
$3.73 B |
$3.70 B |
| Gross Profit Ratio |
0.3 |
0.29 |
0.29 |
0.3 |
0.29 |
0.29 |
0.3 |
| Research and Development
Expenses |
$144.00 M
|
$150.00 M
|
$159.00 M
|
$152.00 M
|
$163.00 M
|
$181.00 M
|
$175.00 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$1.92 B
|
$1.81 B
|
$1.74 B
|
$1.65 B
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$1.92 B
|
$1.81 B
|
$1.74 B
|
$1.65 B
|
| Selling, General &
Administrative Expenses |
$1.88 B
|
$1.76 B
|
$1.95 B
|
$1.92 B
|
$1.81 B
|
$1.74 B
|
$1.65 B
|
| Other Expenses |
-$21.00 M |
-$26.00 M |
-$22.00 M |
$64.00 M |
$39.00 M |
$44.00 M |
$20.00 M |
| Operating Expenses |
$2.01 B |
$1.89 B |
$2.09 B |
$2.14 B |
$2.01 B |
$1.89 B |
$1.79 B |
| Cost And Expenses |
$12.02 B |
$11.65 B |
$12.19 B |
$11.12 B |
$11.30 B |
$11.08 B |
$10.41 B |
| Interest Income |
$0.00 |
$143.00 M |
$136.00 M |
$122.00 M |
$53.00 M |
$51.00 M |
$61.00 M |
| Interest Expense |
$150.00 M |
$143.00 M |
$143.00 M |
$122.00 M |
$39.00 M |
$37.00 M |
$40.00 M |
| Depreciation &
Amortization |
$193.00 M
|
$191.00 M
|
$203.00 M
|
$191.00 M
|
$180.00 M
|
$190.00 M
|
$177.00 M
|
| EBITDA |
$2.38 B
|
$2.22 B
|
$2.31 B
|
$1.83 B
|
$2.08 B
|
$2.03 B
|
$2.17 B
|
| EBITDA Ratio |
0.17 |
0.16 |
0.16 |
0.14 |
0.16 |
0.16 |
0.18 |
| Operating Income Ratio
|
0.15
|
0.15
|
0.15
|
0.13
|
0.14
|
0.14
|
0.16
|
| Total Other
Income/Expenses Net |
-$155.00 M
|
-$145.00 M
|
-$147.00 M
|
-$128.00 M
|
$47.00 M
|
$58.00 M
|
$41.00 M
|
| Income Before Tax |
$2.03 B |
$1.89 B |
$1.96 B |
$1.51 B |
$1.86 B |
$1.89 B |
$1.96 B |
| Income Before Tax Ratio
|
0.14
|
0.14
|
0.14
|
0.12
|
0.14
|
0.15
|
0.16
|
| Income Tax Expense |
$533.00 M |
$519.00 M |
$541.00 M |
$455.00 M |
$594.00 M |
$683.00 M |
$1.15 B |
| Net Income |
$1.41 B |
$1.25 B |
$1.25 B |
$906.00 M |
$1.12 B |
$1.05 B |
$636.00 M |
| Net Income Ratio |
0.1 |
0.09 |
0.09 |
0.07 |
0.09 |
0.08 |
0.05 |
| EPS |
3.42 |
2.98 |
2.91 |
2.09 |
2.58 |
2.42 |
1.47 |
| EPS Diluted |
3.39 |
2.96 |
2.89 |
2.08 |
2.58 |
2.42 |
1.46 |
| Weighted Average Shares
Out |
$411.40 M
|
$420.00 M
|
$427.70 M
|
$433.20 M
|
$433.11 M
|
$433.10 M
|
$433.10 M
|
| Weighted Average Shares
Out Diluted |
$414.60 M
|
$423.00 M
|
$431.40 M
|
$434.60 M
|
$433.11 M
|
$433.10 M
|
$436.40 M
|
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