CARRIER GLOBAL Corp

10-K & 10-Q Filings

Carrier Global Corporation is a leading global provider of intelligent climate and energy solutions. Its business strategy focuses on providing differentiated, digitally-enabled lifecycle solutions to customers in various industries. The company operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment offers heating, cooling, and ventilation solutions for residential and commercial customers. The Refrigeration segment provides cold chain solutions for transporting and preserving food, medicine, and other perishable cargo. The Fire & Security segment offers fire, safety, and security solutions for residential, commercial, and industrial applications. Carrier's website is <http://www.corporate.carrier.com>, and its ticker symbol is unknown without additional context. In 2023, the company's net sales were $22.1 billion, with international operations representing approximately 48% of sales. The company has recently announced plans to acquire the climate solutions business of Viessmann Group GmbH & Co. KG and to exit its Fire & Security and Commercial Refrigeration businesses.

12 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$17456.00
20613.00
22592.00
22098.00
5273.00
6182.00
8.18%17.24%Cost of Revenue (-)
$12347.00
14633.00
14957.00
15715.00
3895.00
4477.00
8.37%14.94%Gross Profit (+)
$5109.00
5980.00
5464.00
6383.00
1378.00
1705.00
7.70%23.73%Selling, General & Administrative (-)
$2820.00
3120.00
2512.00
3297.00
721.00
985.00
5.35%36.62%Research & Development (-)
$419.00
503.00
539.00
617.00
139.00
224.00
13.77%61.15%Operating Expenses (-)
$2026.00
3584.00
3051.00
3914.00
867.00
1236.00
24.55%42.56%Costs & Expenses (Total) (-)
$14373.00
18256.00
18008.00
19629.00
4755.00
5686.00
10.95%19.58%Operating Income/Loss (+)
$3083.00
2645.00
4515.00
2296.00
555.00
500.00
-9.36%-9.91%Non-operating Income/Expense (+)
$267.00
310.00
258.00
210.00
44.00
31.00
-7.69%-29.55%Interest Expense (-)
$288.00
306.00
219.00
211.00
46.00
165.00
-9.85%258.70%Earnings before Tax (+)
$2855.00
2400.00
4292.00
2084.00
509.00
335.00
-9.96%-34.18%Tax Expense (-)
$849.00
699.00
708.00
644.00
122.00
46.00
-8.80%-62.30%Income/Loss (Continuing Operations) (+)
$2006.00
1701.00
3584.00
1440.00
387.00
289.00
-10.46%-25.32%Profit/Loss (+)
$2006.00
1701.00
3584.00
1440.00
387.00
289.00
-10.46%-25.32%Net Income/Loss (NCI) (-)
$24.00
37.00
50.00
91.00
14.00
20.00
55.93%42.86%Net Income/Loss (+)
$1982.00
1664.00
3534.00
1349.00
373.00
269.00
-12.04%-27.88%Net Income/Loss (Common) (+)
$1982.00
1664.00
3534.00
1349.00
373.00
269.00
-12.04%-27.88%EPS (Basic)
$2.29
1.92
4.19
1.61
0.45
0.30
-11.08%-33.33%EPS (Diluted)
$2.25
1.87
4.10
1.58
0.44
0.29
-11.12%-34.09%Weighted Avg Shares (Basic)
866.50
867.70
843.40
837.30
835.00
899.20
-1.14%7.69%Weighted Avg Shares (Diluted)
880.20
890.30
861.20
853.00
852.20
913.00
-1.04%7.13%Cash
$3115.00
2987.00
3520.00
10015.00
3347.00
1313.00
47.59%-60.77%Receivables
$2781.00
2403.00
2833.00
2481.00
3032.00
3156.00
-3.73%4.09%Inventory
$2285.00
2473.00
3177.00
2523.00
3371.00
3509.00
3.36%4.09%Other Assets (Current)
$343.00
3544.00
349.00
3761.00
408.00
3737.00
122.16%815.93%Assets (Current)
$8524.00
11407.00
9879.00
18780.00
10158.00
11715.00
30.12%15.33%Securities & Long-term Investments
$1513.00
1593.00
1148.00
1140.00
1103.00
1155.00
-9.00%4.71%Property, Plant & Equipment (Net)
$2598.00
2466.00
2883.00
2784.00
2902.00
3812.00
2.33%31.36%Goodwill & Intangibles
$11176.00
9858.00
11319.00
9017.00
11274.00
22717.00
-6.91%101.50%Other Assets
$1282.00
848.00
857.00
1101.00
974.00
1411.00
-4.95%44.87%Assets (Non-current)
$16569.00
14765.00
16207.00
14042.00
16253.00
29095.00
-5.37%79.01%Assets (Total)
$25093.00
26172.00
26086.00
32822.00
26411.00
40810.00
9.36%54.52%Accounts Payable
$4407.00
4895.00
5443.00
5553.00
5300.00
6068.00
8.01%14.49%Debt (Current)
$191.00
183.00
140.00
51.00
142.00
1248.00
-35.61%778.87%Other Liabilities (Current)
$512.00
1549.00
449.00
1287.00
516.00
1321.00
35.97%156.01%Liabilities (Current)
$5110.00
6627.00
6032.00
6891.00
5958.00
8637.00
10.48%44.96%Debt (Non-current)
$10036.00
9513.00
8702.00
14242.00
8708.00
15647.00
12.38%79.69%Other Liabilities
$3369.00
2938.00
3276.00
2684.00
3277.00
4620.00
-7.30%40.98%Liabilities (Non-current)
$13405.00
12451.00
11978.00
16926.00
11985.00
20267.00
8.08%69.10%Liabilities (Total)
$18515.00
19078.00
18010.00
23817.00
17943.00
28904.00
8.76%61.09%Treasury Stock
$
529.00
1910.00
1972.00
1972.00
1972.00
0.00%Retained Earnings
$1643.00
2865.00
5866.00
6591.00
6239.00
6860.00
58.89%9.95%AOCI
$-745.00
-989.00
-1688.00
-1486.00
-1636.00
-1872.00
-14.43%Shareholder's Equity
$6578.00
7094.00
8076.00
9005.00
8468.00
11906.00
11.04%40.60%Liabilities & Equity
$25093.00
26172.00
26086.00
32822.00
26411.00
40810.00
9.36%54.52%Net Income/Loss
$2006.00
1701.00
3584.00
1440.00
387.00
289.00
-10.46%-25.32%Depreciation & Amortization
$336.00
338.00
380.00
542.00
136.00
314.00
17.28%130.88%Increase/Decrease in Working Capital
$-86.00
-317.00
336.00
-616.00
332.00
575.00
73.19%Share-based Compensation
$77.00
92.00
77.00
81.00
22.00
22.00
1.70%0.00%Adjustments to Reconcile Net Income
$-314.00
536.00
-1841.00
1167.00
-267.00
-249.00
6.74%Net Cash (Operating)
$1692.00
2237.00
1743.00
2607.00
120.00
40.00
15.50%-66.67%Capital Expenditure
$-1065.00
703.00
-2043.00
633.00
87.00
10876.00
12401.15%Net Cash (Investing)
$1106.00
-692.00
1745.00
-660.00
-100.00
-11081.00
-10981.00%Increase/Decrease in Debt
$9850.00
-551.00
-983.00
5483.00
13.00
2562.00
-17.74%19607.69%Increase/Decrease in Equity
$
-527.00
-1380.00
-62.00
-62.00
Dividends Paid
$186.00
459.00
555.00
678.00
154.00
161.00
53.90%4.55%Net Cash (Financing)
$-681.00
-1562.00
-2931.00
4612.00
-213.00
2379.00
1216.90%Effect of Exchange Rate
$45.00
-16.00
-56.00
88.00
20.00
-68.00
25.05%-440.00%Increase/Decrease in Cash
$2162.00
-33.00
501.00
6647.00
-173.00
-8730.00
45.41%-4946.24%Cash (Beginning)
$957.00
3119.00
3026.00
3527.00
3527.00
10017.00
54.47%184.01%Cash (Ending)
$3119.00
3026.00
3527.00
10017.00
3354.00
1317.00
47.54%-60.73%NOPAT
$2166.20
1874.64
3770.21
1586.49
421.97
431.34
-9.86%2.22%Gross Margin %
29.27%
29.01%
24.19%
28.88%
26.13%
27.58%
Operating Margin %
17.66%
12.83%
19.98%
10.39%
10.53%
8.09%
NOPAT Margin %
12.41%
9.09%
16.69%
7.18%
8.00%
6.98%
Net Margin %
11.35%
8.07%
15.64%
6.10%
7.07%
4.35%
Tax Rate %
29.74%
29.13%
16.50%
30.90%
23.97%
13.73%
ROA
8.63%
7.16%
14.45%
4.83%
1.60%
1.06%
ROE
32.93%
26.43%
46.68%
17.62%
4.98%
3.62%
ROIC
13.60%
13.79%
22.44%
12.38%
2.71%
1.59%
Asset Turnover
0.70
0.79
0.87
0.67
0.20
0.15
Inventory Turnover
5.40
5.92
4.71
6.23
1.16
1.28
Equity Multiplier
3.81
3.69
3.23
3.64
3.12
3.43
Current Ratio
1.67
1.72
1.64
2.73
1.70
1.36
Quick Ratio
1.15
0.81
1.05
1.81
1.07
0.52
Debt/Equity Ratio
1.55
1.37
1.09
1.59
1.05
1.42
Working Capital/Sales
0.12
0.06
0.12
0.05
0.26
0.09
R&D/Sales
0.02
0.02
0.02
0.03
0.03
0.04
Dividend Payout Ratio %
8.59%
24.48%
14.72%
42.74%
36.50%
37.33%
Total Payout
$-9664.00
1537.00
2918.00
-4743.00
203.00
-2401.00
-1282.76%Payout Ratio %
-446.13%
81.99%
77.40%
-298.96%
48.11%
-556.63%