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Otis Worldwide (OTIS) FY2018 results: revenue $12.9 billion

Otis Worldwide Corp. (OTIS) reported revenue of $12.9 billion for fiscal 2018, the year ended 31 December 2018. Net income was $1.0 billion, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2021.

Revenue
$12.9 billion
FY2018FY2018
Operating margin
14.2%
FY2018FY2018
Net income
$1.0 billion
FY2018FY2018
Diluted EPS
$2.42
FY2018FY2018

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2018Last 8 years
Revenue12,915
Research and development181
Selling, general and administrative1,735
Operating income1,835
Operating margin14.2%
Pre-tax income1,893
Income tax683
Effective tax rate36.1%
Net income1,049
Net margin8.1%
Diluted EPS$2.42
$ 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 flow1,550
Capital expenditure172
Free cash flow1,378
Free cash flow margin10.7%
Cash from investing-201
Cash from financing-1,497
Depreciation and amortisation190
Share-based compensation38.0
Dividends paid0.0
Dividend per share$0.00
Diluted shares, weighted433m

Balance sheet

$ millionFY2018Last 8 years
Shareholders' equity2,012
Redeemable equity109
Fixed assets678
Goodwill1,688
Cash and equivalents1,329

10-K for the year ended 31 December 2018, filed 5 February 2021: the filing.