← Otis Worldwide Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $1.2b |
$1.3b
+4.71%
|
$1.1b
-16.65%
|
$1.4b
+34.47%
|
$1.4b
-3.59%
|
$1.5b
+9.42%
|
$1.7b
+15.75%
|
$1.5b
-16.09%
|
$1.6b
+8.45%
|
|
| Depreciation and amortization | $190.0m | $180.0m | $191.0m | $203.0m | $191.0m | $193.0m | $181.0m | $175.0m | $172.0m | |
| Deferred income tax expense (benefit) | $127.0m | ($8.0m) | ($51.0m) | ($92.0m) | ($16.0m) | ($61.0m) | ($31.0m) | ($104.0m) | ($68.0m) | |
| Stock compensation cost | $38.0m | $37.0m | $63.0m | $65.0m | $67.0m | $64.0m | $73.0m | $80.0m | — | |
| Accounts receivable, net | ($196.0m) | ($191.0m) | ($163.0m) | ($152.0m) | ($309.0m) | ($239.0m) | ($68.0m) | ($111.0m) | ($265.0m) | |
| Inventories | $24.0m | $60.0m | ($76.0m) | $14.0m | ($65.0m) | $15.0m | $26.0m | ($25.0m) | ($89.0m) | |
| Accounts payable | $124.0m | $6.0m | $20.0m | $130.0m | $272.0m | $152.0m | $57.0m | $181.0m | $345.0m | |
| Accrued liabilities | $42.0m | ($34.0m) | ($14.0m) | $72.0m | ($84.0m) | $33.0m | $85.0m | ($140.0m) | ($231.0m) | |
| Other current assets | ($11.0m) | $30.0m | $28.0m | $43.0m | $52.0m | $38.0m | ($354.0m) | $225.0m | $282.0m | |
| Other operating activities, net | $27.0m | $31.0m | $137.0m | $31.0m | $79.0m | $12.0m | $1.0m | ($26.0m) | — | |
| Net cash flows provided by operating activities | $1.6b |
$1.5b
-5.23%
|
$1.5b
+0.75%
|
$1.8b
+18.24%
|
$1.6b
-10.86%
|
$1.6b
+4.29%
|
$1.6b
-3.93%
|
$1.6b
+2.11%
|
$1.9b
+17.23%
|
|
| Capital expenditures | ($172.0m) | ($145.0m) | ($183.0m) | ($156.0m) | ($115.0m) | ($138.0m) | ($126.0m) | ($152.0m) | ($159.0m) | |
| Proceeds from sale of (investments in) marketable securities, net | — | — | — | $40.0m | ($7.0m) | $4.0m | ($9.0m) | $0 | — | |
| Acquisitions of businesses and intangible assets, net of cash (Note 7) | ($50.0m) | ($47.0m) | ($53.0m) | ($80.0m) | ($46.0m) | ($36.0m) | ($87.0m) | ($109.0m) | — | |
| Other investing activities, net | $18.0m | ($6.0m) | $3.0m | $34.0m | $9.0m | $15.0m | $9.0m | ($1.0m) | — | |
| Net cash flows provided by (used in) investing activities | ($201.0m) | ($203.0m) | ($353.0m) | ($89.0m) | ($33.0m) | ($183.0m) | ($164.0m) | ($406.0m) | — | |
| Net proceeds from (repayments of) borrowings (maturities of 90 days or less) | — | $6.0m | $647.0m | ($304.0m) | $113.0m | ($113.0m) | $11.0m | ($25.0m) | — | |
| Proceeds from borrowings (maturities longer than 90 days) | $11.0m | $6.0m | $647.0m | $152.0m | $0 | $0 | $0 | $167.0m | — | |
| Proceeds from issuance of long-term debt | $0 | $0 | $6.3b | $2.0b | $0 | $747.0m | $1.5b | $500.0m | $1.4b | |
| Payment of debt issuance costs | $0 | $0 | ($43.0m) | ($25.0m) | $0 | ($6.0m) | ($11.0m) | ($5.0m) | — | |
| Repayment of long-term debt | $0 | $0 | ($1.0b) | $0 | ($500.0m) | ($534.0m) | $0 | ($1.3b) | — | |
| Dividends paid on Common Stock | $0 | $0 | ($260.0m) | ($393.0m) | ($465.0m) | ($539.0m) | ($606.0m) | ($647.0m) | ($658.0m) | |
| Repurchases of Common Stock | — | $0 | $0 | ($725.0m) | ($850.0m) | ($800.0m) | ($1.0b) | ($809.0m) | — | |
| Dividends paid to noncontrolling interest | ($173.0m) | ($163.0m) | ($149.0m) | ($155.0m) | ($118.0m) | ($85.0m) | ($94.0m) | ($69.0m) | ($658.0m) | |
| Other financing activities, net | ($23.0m) | ($4.0m) | ($9.0m) | ($19.0m) | ($30.0m) | ($20.0m) | ($24.0m) | ($16.0m) | — | |
| Net cash flows provided by (used in) financing activities | ($1.5b) |
($1.1b)
+24.32%
|
($844.0m)
+25.51%
|
$58.0m
+106.87%
|
($3.7b)
-6396.55%
|
($1.4b)
+63.03%
|
($309.0m)
+77.11%
|
($2.4b)
-683.50%
|
— | |
| Net increase (decrease) in cash and cash equivalents | ($225.0m) | $113.0m | $342.0m | $1.7b | ($2.3b) | $85.0m | $1.0b | ($1.2b) | — | |
| Cash, cash equivalents and restricted cash, beginning of year | $1.3b | $1.5b | $1.8b | $3.5b | $1.2b | $1.3b | $2.3b | $1.1b | — | |
| Less: Restricted cash | $17.0m | $13.0m | $19.0m | $1.9b | $6.0m | $6.0m | $21.0m | $9.0m | — | |
| Effect of foreign exchange rate changes on cash and cash equivalents | ($77.0m) | ($20.0m) | $59.0m | ($43.0m) | ($157.0m) | ($9.0m) | ($49.0m) | $15.0m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Gain from reversal of German Tax Litigation interest accrual (Note 1) | — | — | — | — | $0 | $0 | ($50.0m) | $0 | — | |
| Contract assets and liabilities, current | $9.0m | $97.0m | $282.0m | $53.0m | $38.0m | ($30.0m) | ($40.0m) | ($71.0m) | — | |
| Pension and postretirement contributions | ($34.0m) | ($32.0m) | ($64.0m) | ($37.0m) | ($34.0m) | ($48.0m) | ($51.0m) | ($43.0m) | — | |
| Net proceeds from the sale of fixed assets | — | — | — | — | — | $7.0m | $6.0m | $60.0m | — | |
| Receipts (payments) on settlements of derivative contracts, net | $3.0m | ($5.0m) | ($69.0m) | $73.0m | $65.0m | ($28.0m) | $49.0m | ($204.0m) | — | |
| Acquisition of noncontrolling interest shares (Note 1) | — | — | $0 | $0 | ($1.8b) | $0 | ($75.0m) | ($217.0m) | — | |
| Cash and cash equivalents, end of period | $1.3b | $1.4b | $1.8b | $1.6b | $1.2b | $1.3b | $2.3b | $1.1b | — | |
| Interest paid | $20.0m | $18.0m | $81.0m | $129.0m | $134.0m | $132.0m | $172.0m | $230.0m | $230.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.