Carrier Historical Income Statement
CARR Stock | USD 77.00 0.99 1.30% |
Historical analysis of Carrier Global income statement accounts such as Interest Income of 61.9 M, Depreciation And Amortization of 475.2 M or Interest Expense of 237 M can show how well Carrier Global Corp performed in making a profits. Evaluating Carrier Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Carrier Global's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Carrier Global Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Carrier Global Corp is a good buy for the upcoming year.
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About Carrier Income Statement Analysis
Carrier Global Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Carrier Global shareholders. The income statement also shows Carrier investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Carrier Global Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Carrier Global Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Carrier Global Corp minus its cost of goods sold. It is profit before Carrier Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Carrier Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Carrier Global Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier Global Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Carrier Global's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Interest Expense is likely to grow to about 237 M, while Interest Income is likely to drop slightly above 61.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 338M | 380M | 542M | 475.2M | Interest Income | 13M | 83M | 109M | 61.9M |
Carrier Global income statement Correlations
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Carrier Global Account Relationship Matchups
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Carrier Global income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Tax Provision | 517M | 849M | 699M | 708M | 623M | 715.0M | |
Net Interest Income | 27M | (288M) | (306M) | (219M) | (218M) | (228.9M) | |
Interest Income | 102M | 10M | 13M | 83M | 109M | 61.9M | |
Depreciation And Amortization | 699M | 336M | 338M | 380M | 542M | 475.2M | |
Interest Expense | 75M | 298M | 319M | 302M | 211M | 237.0M | |
Selling General Administrative | 2.8B | 2.8B | 3.1B | 2.5B | 3.0B | 3.0B | |
Total Revenue | 18.6B | 17.5B | 20.6B | 20.4B | 22.1B | 21.4B | |
Gross Profit | 5.4B | 5.1B | 6.0B | 5.5B | 6.4B | 6.1B | |
Other Operating Expenses | 16.4B | 15.6B | 18.3B | 18.0B | 19.6B | 18.8B | |
Operating Income | 2.5B | 2.1B | 2.6B | 2.4B | 2.3B | 2.1B | |
Net Income From Continuing Ops | 2.2B | 2.0B | 1.7B | 3.6B | 1.3B | 2.3B | |
Ebit | 2.5B | 2.1B | 2.6B | 2.5B | 2.3B | 2.1B | |
Research Development | 401M | 419M | 503M | 539M | 617M | 509.6M | |
Ebitda | 3.2B | 2.4B | 2.9B | 2.9B | 2.3B | 2.3B | |
Cost Of Revenue | 13.2B | 12.3B | 14.6B | 15.0B | 15.7B | 15.2B | |
Total Operating Expenses | 3.2B | 3.2B | 3.6B | 3.1B | 3.9B | 3.6B | |
Reconciled Depreciation | 335M | 336M | 338M | 380M | 530M | 416.1M | |
Income Before Tax | 2.7B | 2.9B | 2.4B | 4.3B | 2.1B | 2.4B | |
Total Other Income Expense Net | 181M | (228M) | (245M) | (223M) | (212M) | (201.4M) | |
Net Income Applicable To Common Shares | 2.1B | 2.0B | 1.7B | 3.5B | 4.1B | 2.4B | |
Net Income | 2.1B | 2.0B | 1.7B | 3.5B | 1.4B | 2.3B | |
Income Tax Expense | 517M | 849M | 699M | 708M | (644M) | (611.8M) | |
Minority Interest | 333M | 24M | (37M) | 50M | (80M) | (76M) |
Pair Trading with Carrier Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carrier Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carrier Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Carrier Stock
Moving against Carrier Stock
The ability to find closely correlated positions to Carrier Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carrier Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carrier Global Corp to buy it.
The correlation of Carrier Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carrier Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier Global Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carrier Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Carrier Stock Analysis
When running Carrier Global's price analysis, check to measure Carrier Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.