Otis Worldwide (OTIS) 10-K Summary — Year Ended Dec 31, 2023
The filing covers Otis Worldwide Corporation's annual report for the most recent period. It includes sections on business overview, risk factors, and management's discussion and analysis.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing covers Otis Worldwide Corporation's annual report for the most recent period. It includes sections on business overview, risk factors, and management's discussion and analysis.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.2B
Revenue reported for the fiscal year.
Operating income
$2.2B
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$1.6B
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 |
|---|---|---|
| Dec 31, 2021 | $14.3B | n/a |
| Dec 31, 2022 | $13.7B | -4.3% |
| Dec 31, 2023 | $14.2B | +3.8% |
Business overview
The company's business activities are described in the Business overview section of the filing. This section outlines the nature of the company's operations.
Financial performance
Revenue increased compared to the prior year. The company reported operating income, net income, and operating cash flow for the period.
Material risks
The filing identifies risk factors in the Risk Factors section. These include items that could materially affect the company's financial condition or results.
Liquidity and capital
The company generated operating cash flow during the period, supporting its liquidity. The Management Discussion and Analysis section provides further context on capital allocation.
What to watch
The company's revenue trend in the next filing will be a key indicator to monitor.