Johnson Controls International (JCI) 10-K Summary — Year Ended Sep 30, 2023
The filing describes the company's business and reports its financial results for the year. Net income was positive, and revenue increased compared to the prior year.
Key takeaway
Year ended Sep 30, 2023 · FY2025 10-K
The filing describes the company's business and reports its financial results for the year. Net income was positive, and revenue increased compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$22.3B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.8B
Net income reported for the year.
Operating cash flow
n/a
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2021 | $23.7B | n/a |
| Sep 30, 2022 | $20.6B | -12.8% |
| Sep 30, 2023 | $22.3B | +8.2% |
Business overview
The company's business is outlined in Item 1 of the filing. The filing also includes a discussion of risk factors in Item 1A.
Financial performance
Revenue increased relative to the prior year, while net income was reported as a positive figure. The trend shows a recovery from a previous decline in revenue.
Material risks
The filing identifies risk factors in Item 1A, but the extracted content does not provide the specific risks. Readers should refer to the full filing for details.
Liquidity and capital
The liquidity discussion focuses on working capital, which decreased due to increases in deferred revenue and lower income tax assets, partially offset by higher accounts receivable from increased sales.
What to watch
Monitor changes in deferred revenue in the next filing, as it may indicate shifts in future revenue recognition.