Stock Analysis on Net

Carrier Global Corp. (NYSE:CARR)

$22.49

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

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Current Assets

Carrier Global Corp., adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current assets
Adjustments
Add: Allowance for expected credit losses
Add: LIFO reserve1
After Adjustment
Adjusted current assets

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

1 LIFO reserve. See details »


Adjustments to Total Assets

Carrier Global Corp., adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for expected credit losses
Add: LIFO reserve2
Less: Future income tax benefits3
After Adjustment
Adjusted total assets

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

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 LIFO reserve. See details »

3 Future income tax benefits. See details »


Adjustments to Current Liabilities

Carrier Global Corp., adjusted current liabilities

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current liabilities
Adjustments
Less: Current restructuring reserve
After Adjustment
Adjusted current liabilities

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


Adjustments to Total Liabilities

Carrier Global Corp., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Future income tax obligations2
Less: Product warranty provisions
Less: Restructuring reserve
After Adjustment
Adjusted total liabilities

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

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Future income tax obligations. See details »


Adjustments to Stockholders’ Equity

Carrier Global Corp., adjusted equity attributable to common shareowners

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Equity attributable to common shareowners
Adjustments
Less: Future income tax benefit (payables)1
Add: Allowance for expected credit losses
Add: LIFO reserve2
Add: Product warranty provisions
Add: Restructuring reserve
Add: Non-controlling interest
After Adjustment
Adjusted total equity

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

1 Future income tax benefit (payables). See details »

2 LIFO reserve. See details »


Adjustments to Capitalization Table

Carrier Global Corp., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current portion of long-term debt
Long-term debt, net of current portion
Total reported debt
Equity attributable to common shareowners
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities (included in Accrued liabilities)2
Add: Long-term operating lease liabilities3
Adjusted total debt
Adjustments to Equity
Less: Future income tax benefit (payables)4
Add: Allowance for expected credit losses
Add: LIFO reserve5
Add: Product warranty provisions
Add: Restructuring reserve
Add: Non-controlling interest
Adjusted total equity
After Adjustment
Adjusted total capital

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

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities (included in Accrued liabilities). See details »

3 Long-term operating lease liabilities. See details »

4 Future income tax benefit (payables). See details »

5 LIFO reserve. See details »


Adjustments to Reported Income

Carrier Global Corp., adjusted net income attributable to common shareowners

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Net income attributable to common shareowners
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for expected credit losses
Add: Increase (decrease) in LIFO reserve2
Add: Increase (decrease) in product warranty provisions
Add: Increase (decrease) in restructuring reserve
Add: Other comprehensive income (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income from operations

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

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »