Overview
Otis
Serving customers in more than 200 countries and territories worldwide, Otis Worldwide is the world's leading elevator and escalator manufacturing, installation, and service company. Otis has a global scale and local focus, with over 1,400 branches and offices, and a direct physical presence in more than 70 countries. The company designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving
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Read More walkways. In addition, it also performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. The company currently owns approximately 5,300 globally issued patents, and it has approximately 1,400 patent applications pending globally. Most of its revenue originates outside the US.
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Read More walkways. In addition, it also performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. The company currently owns approximately 5,300 globally issued patents, and it has approximately 1,400 patent applications pending globally. Most of its revenue originates outside the US.
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#
301
Fortune 1000 Revenue Rank
Judith F Marks
See more contacts
Other General Purpose Machinery Manufacturing
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Personal and Household Goods Repair and Maintenance
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Machinery Manufacturing
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Manufacturing
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Elevators and moving stairways
See All Industries , Elevators and equipment , Escalators, passenger and freight Elevators: inspection, service, and repair
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Modelled
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Actual
$14.26 billion
Actual
0.37%
17%
$11,316
DEC
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NYSE:OTIS
Contacts
Get in Touch with 5 Principals* and 713 Contacts
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Judith F MarksChairman of the Board and President and Chief Executive Officer
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Contact 2?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$14.26 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,563 | $1,627 | $1,560 |
| Net Investing Cash | -$164 | -$183 | -$33 |
| Net Financing Cash | -$309 | -$1,350 | -$3,652 |
| Net Change in Cash | $1,090 | $94 | -$2,125 |
| Cash at Beginning of Period | $1,280 | $1,195 | $3,477 |
| Cash at End of Period | $2,300 | $1,274 | $1,189 |
| Capital Expenditure | -$126 | -$138 | -$115 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2,300 | $1,274 | $1,189 |
| Accounts Receivable | $3,285 | $3,390 | $3,231 |
| Inventories | $557 | $612 | $617 |
| Other Current Assets | $1,528 | $1,124 | $1,106 |
| Asset Summary | |||
| Total Current Assets | $7,670 | $6,400 | $6,143 |
| Tangible Fixed Assets | $1,123 | $1,143 | $1,168 |
| Intangible Assets | $311 | $335 | $369 |
| Total Assets | $11,316 | $10,117 | $9,819 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1,879 | $1,878 | $1,717 |
| Short-Term Debt | $1,351 | $32 | $670 |
| Other Current Liabilities | $4,519 | $4,569 | $4,456 |
| Liability Summary | |||
| Total Current Liabilities | $7,749 | $6,479 | $6,843 |
| Long-Term Debt | $6,973 | $6,866 | $6,098 |
| Other Long-Term Liabilities | $291 | $398 | $465 |
| Total Liabilities | $16,044 | $14,837 | $14,483 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $265 | $213 | $162 |
| Retained Earnings | -$978 | -$2,005 | -$2,865 |
| Equity Summary | |||
| Total Equity | -$4,848 | -$4,924 | -$4,870 |
| Shares Outstanding | 397,600,000 | 406,600,000 | 414,800,000 |