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Carrier Global (CARR) FY2018 results: revenue $18.9 billion

Carrier Global Corp. (CARR) reported revenue of $18.9 billion for fiscal 2018, the year ended 31 December 2018. Net income was $2.7 billion, and diluted earnings per share $3.16. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2021.

Revenue
$18.9 billion
FY2018FY2018
Operating margin
19.2%
FY2018FY2018
Net income
$2.7 billion
FY2018FY2018
Diluted EPS
$3.16
FY2018FY2018

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2018Last 8 years
Revenue18,914
Cost of revenue13,345
Gross profit5,569
Gross margin29.4%
Research and development400
Selling, general and administrative2,689
Operating income3,637
Operating margin19.2%
Pre-tax income3,842
Income tax1,073
Effective tax rate27.9%
Net income2,734
Net margin14.5%
Diluted EPS$3.16
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2018Last 8 years
Operating cash flow2,055
Capital expenditure263
Free cash flow1,792
Free cash flow margin9.5%
Cash from investing415
Cash from financing-2,627
Depreciation and amortisation357
Share-based compensation44.0
Dividends paid0.0
Diluted shares, weighted866m

Balance sheet

$ millionFY2018Last 8 years
Shareholders' equity14,269
Goodwill9,849
Cash and equivalents1,129

10-K for the year ended 31 December 2018, filed 9 February 2021: the filing.