Johnson Controls International (JCI) FY2024 results: revenue $23.0 billion, up 2.8% on the year
Johnson Controls International plc (JCI) reported revenue of $23.0 billion for fiscal 2024, the year ended 30 September 2024, up 2.8% on the year before. Net income was $1.7 billion, down 7.8%, and diluted earnings per share $2.52. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2024.
Revenue
$23.0 billion
+2.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.7 billion
-7.8% on the year
FY2017FY2024
Diluted EPS
$2.52
-6.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,098
2,221
1,990
-5.5%
Capital expenditure
494
446
487
+10.8%
Free cash flow
1,604
1,775
1,503
-9.6%
Free cash flow margin
7.0%
7.9%
7.3%
Cash from investing
n/a
-1,184
-693
Cash from financing
n/a
-2,174
-516
Depreciation and amortisation
816
745
717
+9.5%
Share-based compensation
107
107
98.0
0.0%
Buybacks
1,246
625
1,441
+99.4%
Dividends paid
1,000
980
916
+2.0%
Dividend per share
$1.48
$1.45
$1.39
+2.1%
Diluted shares, weighted
676m
687m
700m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,098
16,545
16,268
-2.7%
Non-controlling interest
1,263
1,149
1,134
+9.9%
Debt
9,493
8,824
8,960
+7.6%
Operating lease liabilities
921
1,016
987
-9.4%
Other liabilities
14,920
14,708
14,809
+1.4%
Total liabilities and equity
42,695
42,242
42,158
+1.1%
Fixed assets
2,403
2,374
2,271
+1.2%
Goodwill
16,725
16,772
16,175
-0.3%
Intangible assets
4,130
4,772
5,155
-13.5%
Cash and equivalents
606
828
2,031
-26.8%
Receivables
6,051
5,494
5,727
+10.1%
Inventory
1,774
1,872
2,665
-5.2%
Other assets
11,006
10,130
8,134
+8.6%
Total assets
42,695
42,242
42,158
+1.1%
10-K for the year ended 30 September 2024, filed 19 November 2024: the filing.