Johnson Controls International (JCI) 10-K Summary — Year Ended Sep 30, 2024
The company's annual report covers its financial performance and operations for the fiscal year under review. Revenue increased compared to the prior year, and net income was reported, while operating cash flow decreased.
Key takeaway
Year ended Sep 30, 2024 · FY2025 10-K
The company's annual report covers its financial performance and operations for the fiscal year under review. Revenue increased compared to the prior year, and net income was reported, while operating cash flow decreased.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$23B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.7B
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% |
| Sep 30, 2024 | $23B | +2.8% |
Business overview
The filing's business overview section is referenced in Item 1, but the provided context does not contain a detailed description of the company's operations.
Financial performance
Revenue grew from the prior year, and net income was generated during the period. Operating cash flow declined, and the company's trend shows a mixed pattern of revenue changes over the past several years.
Material risks
The filing includes a risk factors section, but the supplied context does not provide the specific risks identified. Therefore, no material risks can be summarized from the available data.
Liquidity and capital
Working capital, as defined by the company, improved from a negative position to a less negative position, primarily due to an increase in accounts receivable from discontinuing a factoring program. Cash provided by operating activities decreased, while investing cash outflows were lower than the prior year.
What to watch
A key item to monitor is the impact of discontinuing the receivable factoring program on future working capital and cash flows.