Stock Analysis on Net
Stock Analysis on Net

Carrier Global Corp. (NYSE:CARR)

This company has been moved to the archive! The financial data has not been updated since April 26, 2023.

Common-Size Income Statement 

Carrier Global Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Product sales 89.37 83.51 82.19
Service sales 10.63 16.49 17.81
Net sales 100.00% 100.00% 100.00%
Cost of products sold -65.31 -59.67 -58.35
Cost of services sold -7.93 -11.32 -12.39
Cost of products and services sold -73.24% -70.99% -70.73%
Gross margin 26.76% 29.01% 29.27%
Research and development -2.64 -2.44 -2.40
Selling, general and administrative -12.30 -15.14 -16.15
Equity method investment net earnings 1.28 1.21 1.19
Transaction gains 0.00 0.00 6.43
Impairment charge on minority-owned joint venture investments 0.00 -0.01 -0.41
Other 9.01 0.20 -0.26
Other income (expense), net 9.01% 0.19% 5.76%
Operating profit 22.11% 12.83% 17.66%
Non-service pension benefit (expense) -0.02 0.30 0.34
Interest expense -1.48 -1.55 -1.71
Interest income 0.41 0.06 0.06
Interest income (expense), net -1.07% -1.48% -1.65%
Income from operations before income taxes 21.02% 11.64% 16.36%
Income tax expense -3.47 -3.39 -4.86
Net income from operations 17.55% 8.25% 11.49%
Non-controlling interest in subsidiaries’ earnings from operations -0.24 -0.18 -0.14
Net income attributable to common shareowners 17.31% 8.07% 11.35%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Carrier Global Corp. operating profit as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income from operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Carrier Global Corp. income from operations before income taxes as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net income attributable to common shareowners The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Carrier Global Corp. net income attributable to common shareowners as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.