$CARR
CARRIER GLOBAL Corp

2023 Q2 Form 10-Q Financial Statement

#000178318023000038 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $5.992B $5.273B
YoY Change 14.99% 13.3%
Cost Of Revenue $4.234B $3.889B
YoY Change 12.64% 15.78%
Gross Profit $1.758B $1.384B
YoY Change 21.07% 6.87%
Gross Profit Margin 29.34% 26.25%
Selling, General & Admin $764.0M $721.0M
YoY Change 24.43% 19.97%
% of Gross Profit 43.46% 52.1%
Research & Development $151.0M $139.0M
YoY Change 23.77% 11.2%
% of Gross Profit 8.59% 10.04%
Depreciation & Amortization $137.0M $136.0M
YoY Change 80.26% 72.15%
% of Gross Profit 7.79% 9.83%
Operating Expenses $1.298B $860.0M
YoY Change 76.36% 18.46%
Operating Profit $460.0M $555.0M
YoY Change -43.83% -68.05%
Interest Expense -$15.00M -$46.00M
YoY Change -75.41% -4.17%
% of Operating Profit -3.26% -8.29%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $422.0M $509.0M
YoY Change -44.25% -69.85%
Income Tax $189.0M $122.0M
% Of Pretax Income 44.79% 23.97%
Net Earnings $199.0M $387.0M
YoY Change -66.1% -72.1%
Net Earnings / Revenue 3.32% 7.34%
Basic Earnings Per Share $0.24 $0.45
Diluted Earnings Per Share $0.23 $0.44
COMMON SHARES
Basic Shares Outstanding 834.8M shares 834.2M shares
Diluted Shares Outstanding 850.9M shares 852.2M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.209B $3.347B
YoY Change 6.36% -7.13%
Cash & Equivalents $3.209B $3.347B
Short-Term Investments
Other Short-Term Assets $443.0M $408.0M
YoY Change 18.45% 5.7%
Inventory $2.699B $2.803B
Prepaid Expenses
Receivables $3.790B $3.600B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.14B $10.16B
YoY Change 9.33% 5.79%
LONG-TERM ASSETS
Property, Plant & Equipment $2.862B $2.277B
YoY Change 58.56% 24.77%
Goodwill $9.927B $9.987B
YoY Change 9.48% 7.53%
Intangibles $1.181B $1.287B
YoY Change 157.86% 163.73%
Long-Term Investments $1.139B $1.103B
YoY Change -31.84% -32.66%
Other Assets $336.0M $306.0M
YoY Change 74.09% 51.49%
Total Long-Term Assets $16.14B $16.25B
YoY Change 12.21% 11.39%
TOTAL ASSETS
Total Short-Term Assets $10.14B $10.16B
Total Long-Term Assets $16.14B $16.25B
Total Assets $26.28B $26.41B
YoY Change 11.08% 9.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.956B $2.926B
YoY Change 23.01% 16.16%
Accrued Expenses $2.661B $2.374B
YoY Change 9.51% 1.89%
Deferred Revenue $483.0M $516.0M
YoY Change 8.78% 21.13%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $134.0M $142.0M
YoY Change -50.19% -44.53%
Total Short-Term Liabilities $6.234B $5.958B
YoY Change 12.41% 7.72%
LONG-TERM LIABILITIES
Long-Term Debt $8.655B $8.708B
YoY Change 4.3% 4.85%
Other Long-Term Liabilities $2.547B $1.836B
YoY Change 55.78% 8.38%
Total Long-Term Liabilities $11.20B $10.54B
YoY Change 12.78% 5.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.234B $5.958B
Total Long-Term Liabilities $11.20B $10.54B
Total Liabilities $18.32B $17.94B
YoY Change 9.87% 7.04%
SHAREHOLDERS EQUITY
Retained Earnings $6.129B $6.239B
YoY Change 34.29% 47.01%
Common Stock $9.000M $9.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.969B $8.134B
YoY Change
Total Liabilities & Shareholders Equity $26.28B $26.41B
YoY Change 11.08% 9.17%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $199.0M $387.0M
YoY Change -66.1% -72.1%
Depreciation, Depletion And Amortization $137.0M $136.0M
YoY Change 80.26% 72.15%
Cash From Operating Activities $384.0M $120.0M
YoY Change 1100.0% -159.41%
INVESTING ACTIVITIES
Capital Expenditures $74.00M $70.00M
YoY Change -212.12% -225.0%
Acquisitions $52.00M
YoY Change 477.78%
Other Investing Activities -$122.0M -$5.000M
YoY Change 11.93% -127.78%
Cash From Investing Activities -$196.0M -$100.0M
YoY Change 12.0% -103.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.000M
YoY Change -99.82%
Cash From Financing Activities -293.0M -$213.0M
YoY Change -29.23% -89.46%
NET CHANGE
Cash From Operating Activities 384.0M $120.0M
Cash From Investing Activities -196.0M -$100.0M
Cash From Financing Activities -293.0M -$213.0M
Net Change In Cash -105.0M -$173.0M
YoY Change -81.15% -128.98%
FREE CASH FLOW
Cash From Operating Activities $384.0M $120.0M
Capital Expenditures $74.00M $70.00M
Free Cash Flow $310.0M $50.00M
YoY Change 216.33% -134.25%

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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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5273000000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4654000000 usd
CY2023Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
19000000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
24000000 usd
CY2023Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
214000000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
211000000 usd
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
233000000 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
235000000 usd
CY2023Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
49000000 usd
CY2023Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
368000000 usd
CY2023Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
49000000 usd

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0001783180-23-000038.txt Edgar Link pending
0001783180-23-000038-xbrl.zip Edgar Link pending
a10-12023psuscheduleofterm.htm Edgar Link pending
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