Otis Worldwide Corp financial data

Symbol
OTIS on NYSE
Industry
Electronic & Other Electrical Equipment (No Computer Equip)
Location
One Carrier Place, Farmington, Connecticut
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Jul 25, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 93 % +1.64%
Quick Ratio 8.87 % -4.93%
Debt-to-equity -299 % -0.89%
Return On Equity -30.2 % -8.85%
Return On Assets 14.6 % +7.66%
Operating Margin 15.6 % +2.03%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 401M shares -2.72%
Common Stock, Shares, Outstanding 437M shares +0.32%
Entity Public Float 36.6B USD +23.4%
Common Stock, Value, Issued 230M USD +25.7%
Weighted Average Number of Shares Outstanding, Basic 403M shares -2.38%
Weighted Average Number of Shares Outstanding, Diluted 406M shares -2.52%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 14.2B USD +2.4%
Research and Development Expense 148M USD +1.37%
Costs and Expenses 12B USD +1.57%
Operating Income (Loss) 2.21B USD +4.45%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.05B USD +4.21%
Income Tax Expense (Benefit) 490M USD -9.76%
Net Income (Loss) Attributable to Parent 1.47B USD +10.5%
Earnings Per Share, Basic 3.61 USD/shares +12.8%
Earnings Per Share, Diluted 3.58 USD/shares +13.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 942M USD -22.7%
Accounts Receivable, after Allowance for Credit Loss, Current 3.61B USD +3.12%
Inventory, Net 605M USD -5.47%
Other Assets, Current 335M USD +2.76%
Assets, Current 6.24B USD -2.79%
Deferred Income Tax Assets, Net 302M USD +6.34%
Property, Plant and Equipment, Net 708M USD -0.98%
Operating Lease, Right-of-Use Asset 398M USD -9.13%
Intangible Assets, Net (Excluding Goodwill) 330M USD -7.04%
Goodwill 1.55B USD -1.65%
Other Assets, Noncurrent 329M USD -5.19%
Assets 9.86B USD -2.73%
Accounts Payable, Current 1.72B USD -1.61%
Accrued Liabilities, Current 1.72B USD -3.37%
Contract with Customer, Liability, Current 2.8B USD -2.94%
Liabilities, Current 7.9B USD +10.3%
Long-term Debt and Lease Obligation 6.91B USD +3.58%
Contract with Customer, Liability, Noncurrent 39M USD -13.3%
Deferred Income Tax Liabilities, Net 206M USD -25.9%
Operating Lease, Liability, Noncurrent 280M USD -9.09%
Other Liabilities, Noncurrent 388M USD -22.6%
Liabilities 14.7B USD -0.14%
Accumulated Other Comprehensive Income (Loss), Net of Tax -751M USD -9%
Retained Earnings (Accumulated Deficit) -1.54B USD +36.4%
Stockholders' Equity Attributable to Parent -5.05B USD -4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -4.93B USD -3.85%
Liabilities and Equity 9.86B USD -2.73%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 171M USD -38.5%
Net Cash Provided by (Used in) Financing Activities -467M USD -37%
Net Cash Provided by (Used in) Investing Activities -79M USD -276%
Common Stock, Shares Authorized 2B shares 0%
Common Stock, Shares, Issued 438M shares +0.34%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -393M USD -431%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 951M USD -22.5%
Deferred Tax Assets, Valuation Allowance 239M USD -0.42%
Operating Lease, Liability 409M USD -7.47%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.41B USD +1.3%
Lessee, Operating Lease, Liability, to be Paid 448M USD -1.97%
Property, Plant and Equipment, Gross 1.96B USD +4.76%
Operating Lease, Liability, Current 117M USD -7.87%
Lessee, Operating Lease, Liability, to be Paid, Year Two 113M USD -3.42%
Lessee, Operating Lease, Liability, to be Paid, Year One 153M USD +2%
Operating Lease, Weighted Average Discount Rate, Percent 5.1 pure +34.2%
Deferred Income Tax Expense (Benefit) 16M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 39M USD +160%
Lessee, Operating Lease, Liability, to be Paid, Year Three 78M USD -2.5%
Deferred Tax Assets, Operating Loss Carryforwards 208M USD +8.9%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 125M shares 0%
Unrecognized Tax Benefits 394M USD +2.07%
Lessee, Operating Lease, Liability, to be Paid, Year Four 49M USD 0%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 63M USD -10%
Deferred Tax Assets, Net of Valuation Allowance 618M USD +5.1%
Share-based Payment Arrangement, Expense 66M USD -9.59%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%