Eaton Corporation PLC
NYSE:ETN
Income Statement
Earnings Waterfall
Eaton Corporation PLC
Revenue
|
23.2B
USD
|
Cost of Revenue
|
-14.8B
USD
|
Gross Profit
|
8.4B
USD
|
Operating Expenses
|
-4.5B
USD
|
Operating Income
|
4B
USD
|
Other Expenses
|
-760m
USD
|
Net Income
|
3.2B
USD
|
Income Statement
Eaton Corporation PLC
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
22 046
N/A
|
22 228
+1%
|
22 393
+1%
|
22 514
+1%
|
22 552
+0%
|
22 283
-1%
|
21 888
-2%
|
21 363
-2%
|
20 855
-2%
|
20 445
-2%
|
20 153
-1%
|
19 937
-1%
|
19 747
-1%
|
19 782
+0%
|
19 834
+0%
|
20 058
+1%
|
20 404
+2%
|
20 807
+2%
|
21 162
+2%
|
21 363
+1%
|
21 609
+1%
|
21 663
+0%
|
21 709
+0%
|
21 611
0%
|
21 390
-1%
|
20 874
-2%
|
19 197
-8%
|
18 409
-4%
|
17 858
-3%
|
17 761
-1%
|
19 120
+8%
|
19 517
+2%
|
19 628
+1%
|
19 779
+1%
|
19 776
0%
|
20 166
+2%
|
20 752
+3%
|
21 392
+3%
|
22 046
+3%
|
22 613
+3%
|
23 196
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(15 369)
|
(15 492)
|
(15 647)
|
(15 680)
|
(15 646)
|
(15 381)
|
(15 031)
|
(14 712)
|
(14 304)
|
(14 002)
|
(13 746)
|
(13 520)
|
(13 416)
|
(13 428)
|
(13 454)
|
(13 549)
|
(13 758)
|
(14 011)
|
(14 237)
|
(14 368)
|
(14 512)
|
(14 511)
|
(14 537)
|
(14 452)
|
(14 338)
|
(14 067)
|
(13 247)
|
(12 786)
|
(12 408)
|
(12 290)
|
(12 958)
|
(13 245)
|
(13 293)
|
(13 378)
|
(13 338)
|
(13 545)
|
(13 865)
|
(14 195)
|
(14 437)
|
(14 576)
|
(14 762)
|
|
Gross Profit |
6 677
N/A
|
6 736
+1%
|
6 746
+0%
|
6 834
+1%
|
6 906
+1%
|
6 902
0%
|
6 857
-1%
|
6 651
-3%
|
6 551
-2%
|
6 443
-2%
|
6 407
-1%
|
6 417
+0%
|
6 331
-1%
|
6 354
+0%
|
6 380
+0%
|
6 509
+2%
|
6 646
+2%
|
6 796
+2%
|
6 925
+2%
|
6 995
+1%
|
7 097
+1%
|
7 152
+1%
|
7 172
+0%
|
7 159
0%
|
7 052
-1%
|
6 807
-3%
|
5 950
-13%
|
5 623
-5%
|
5 450
-3%
|
5 471
+0%
|
6 162
+13%
|
6 272
+2%
|
6 335
+1%
|
6 401
+1%
|
6 438
+1%
|
6 621
+3%
|
6 887
+4%
|
7 197
+5%
|
7 609
+6%
|
8 037
+6%
|
8 434
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(4 522)
|
(4 541)
|
(4 400)
|
(4 374)
|
(4 274)
|
(4 867)
|
(4 277)
|
(4 223)
|
(4 186)
|
(4 141)
|
(4 152)
|
(4 076)
|
(3 987)
|
(3 977)
|
(3 978)
|
(2 985)
|
(4 107)
|
(3 064)
|
(3 066)
|
(4 109)
|
(4 128)
|
(4 423)
|
(4 404)
|
(4 125)
|
(4 225)
|
(4 215)
|
(4 074)
|
(3 953)
|
(3 776)
|
(3 654)
|
(3 773)
|
(3 916)
|
(3 912)
|
(3 927)
|
(3 869)
|
(3 829)
|
(3 856)
|
(3 982)
|
(4 207)
|
(4 279)
|
(4 456)
|
|
Selling, General & Administrative |
(3 886)
|
(3 890)
|
(3 914)
|
(3 908)
|
(3 810)
|
(3 763)
|
(3 680)
|
(3 626)
|
(3 596)
|
(3 573)
|
(3 569)
|
(3 515)
|
(3 505)
|
(3 498)
|
(3 483)
|
(3 532)
|
(3 561)
|
(3 535)
|
(3 554)
|
(3 541)
|
(3 548)
|
(3 576)
|
(3 582)
|
(3 578)
|
(3 583)
|
(3 531)
|
(3 315)
|
(3 184)
|
(3 075)
|
(3 005)
|
(3 190)
|
(3 270)
|
(3 256)
|
(3 251)
|
(3 203)
|
(3 182)
|
(3 227)
|
(3 341)
|
(3 499)
|
(3 635)
|
(3 795)
|
|
Research & Development |
(644)
|
(654)
|
(661)
|
(658)
|
(647)
|
(643)
|
(633)
|
(626)
|
(625)
|
(616)
|
(607)
|
(597)
|
(589)
|
(583)
|
(584)
|
(585)
|
(584)
|
(597)
|
(592)
|
(583)
|
(584)
|
(584)
|
(590)
|
(599)
|
(606)
|
(603)
|
(578)
|
(563)
|
(551)
|
(546)
|
(574)
|
(594)
|
(616)
|
(633)
|
(647)
|
(660)
|
(665)
|
(679)
|
(698)
|
(720)
|
(754)
|
|
Other Operating Expenses |
8
|
3
|
175
|
192
|
183
|
(461)
|
36
|
29
|
35
|
48
|
24
|
36
|
107
|
104
|
89
|
1 132
|
38
|
1 068
|
1 080
|
15
|
4
|
(263)
|
(232)
|
52
|
(36)
|
(81)
|
(181)
|
(206)
|
(150)
|
(103)
|
(9)
|
(52)
|
(40)
|
(43)
|
(19)
|
13
|
36
|
38
|
(10)
|
76
|
93
|
|
Operating Income |
2 155
N/A
|
2 195
+2%
|
2 346
+7%
|
2 460
+5%
|
2 632
+7%
|
2 035
-23%
|
2 580
+27%
|
2 428
-6%
|
2 365
-3%
|
2 302
-3%
|
2 255
-2%
|
2 341
+4%
|
2 344
+0%
|
2 377
+1%
|
2 402
+1%
|
3 524
+47%
|
2 539
-28%
|
3 732
+47%
|
3 859
+3%
|
2 886
-25%
|
2 969
+3%
|
2 729
-8%
|
2 768
+1%
|
3 034
+10%
|
2 827
-7%
|
2 592
-8%
|
1 876
-28%
|
1 670
-11%
|
1 674
+0%
|
1 817
+9%
|
2 389
+31%
|
2 356
-1%
|
2 423
+3%
|
2 474
+2%
|
2 569
+4%
|
2 792
+9%
|
3 031
+9%
|
3 215
+6%
|
3 402
+6%
|
3 758
+10%
|
3 978
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(271)
|
(258)
|
(242)
|
(235)
|
(227)
|
(222)
|
(226)
|
(229)
|
(232)
|
(232)
|
(230)
|
(230)
|
(226)
|
(237)
|
(240)
|
(241)
|
(244)
|
(255)
|
(263)
|
(270)
|
(270)
|
(267)
|
(262)
|
(249)
|
(236)
|
(204)
|
(179)
|
(166)
|
(149)
|
(154)
|
(152)
|
(148)
|
(144)
|
(137)
|
(132)
|
(132)
|
(144)
|
(162)
|
(173)
|
(169)
|
(151)
|
|
Non-Reccuring Items |
0
|
0
|
(644)
|
(644)
|
(644)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1 073
|
0
|
0
|
(275)
|
(275)
|
0
|
0
|
0
|
0
|
221
|
221
|
221
|
221
|
0
|
0
|
617
|
617
|
641
|
641
|
24
|
24
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
2
|
0
|
0
|
|
Pre-Tax Income |
1 884
N/A
|
1 937
+3%
|
1 460
-25%
|
1 581
+8%
|
1 761
+11%
|
1 813
+3%
|
2 354
+30%
|
2 199
-7%
|
2 133
-3%
|
2 070
-3%
|
2 025
-2%
|
2 111
+4%
|
2 118
+0%
|
2 140
+1%
|
2 162
+1%
|
3 283
+52%
|
3 368
+3%
|
3 477
+3%
|
3 596
+3%
|
2 341
-35%
|
2 424
+4%
|
2 462
+2%
|
2 506
+2%
|
2 785
+11%
|
2 591
-7%
|
2 609
+1%
|
1 918
-26%
|
1 725
-10%
|
1 746
+1%
|
1 663
-5%
|
2 236
+34%
|
2 824
+26%
|
2 896
+3%
|
2 977
+3%
|
3 077
+3%
|
2 684
-13%
|
2 911
+8%
|
3 053
+5%
|
3 231
+6%
|
3 590
+11%
|
3 827
+7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(3)
|
149
|
119
|
42
|
16
|
(162)
|
(167)
|
(159)
|
(160)
|
(158)
|
(167)
|
(199)
|
(192)
|
(187)
|
(429)
|
(444)
|
(493)
|
(520)
|
(250)
|
(278)
|
(281)
|
(300)
|
(393)
|
(378)
|
(480)
|
(371)
|
(333)
|
(331)
|
(227)
|
(348)
|
(753)
|
(750)
|
(757)
|
(762)
|
(391)
|
(445)
|
(483)
|
(517)
|
(592)
|
(604)
|
|
Income from Continuing Operations |
1 873
|
1 934
|
1 609
|
1 700
|
1 803
|
1 829
|
2 192
|
2 032
|
1 974
|
1 910
|
1 867
|
1 944
|
1 919
|
1 948
|
1 975
|
2 854
|
2 924
|
2 984
|
3 076
|
2 091
|
2 146
|
2 181
|
2 206
|
2 392
|
2 213
|
2 129
|
1 547
|
1 392
|
1 415
|
1 436
|
1 888
|
2 071
|
2 146
|
2 220
|
2 315
|
2 293
|
2 466
|
2 570
|
2 714
|
2 998
|
3 223
|
|
Income to Minority Interest |
(12)
|
(12)
|
(10)
|
(9)
|
(10)
|
(9)
|
(8)
|
(4)
|
(2)
|
0
|
(1)
|
(1)
|
(3)
|
(4)
|
(4)
|
(5)
|
(1)
|
0
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(5)
|
(5)
|
(5)
|
(6)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
|
Net Income (Common) |
1 861
N/A
|
1 922
+3%
|
1 599
-17%
|
1 691
+6%
|
1 793
+6%
|
1 820
+2%
|
2 184
+20%
|
2 028
-7%
|
1 972
-3%
|
1 910
-3%
|
1 866
-2%
|
1 943
+4%
|
1 916
-1%
|
1 944
+1%
|
1 971
+1%
|
2 849
+45%
|
2 985
+5%
|
3 046
+2%
|
3 138
+3%
|
2 153
-31%
|
2 145
0%
|
2 179
+2%
|
2 205
+1%
|
2 390
+8%
|
2 211
-7%
|
2 127
-4%
|
1 542
-28%
|
1 387
-10%
|
1 410
+2%
|
1 430
+1%
|
1 885
+32%
|
2 068
+10%
|
2 144
+4%
|
2 218
+3%
|
2 313
+4%
|
2 291
-1%
|
2 462
+7%
|
2 567
+4%
|
2 710
+6%
|
2 994
+10%
|
3 218
+7%
|
|
EPS (Diluted) |
3.91
N/A
|
4.03
+3%
|
3.35
-17%
|
3.54
+6%
|
3.76
+6%
|
3.87
+3%
|
4.65
+20%
|
4.34
-7%
|
4.22
-3%
|
4.15
-2%
|
4.07
-2%
|
4.26
+5%
|
4.2
-1%
|
4.31
+3%
|
4.37
+1%
|
6.37
+46%
|
6.67
+5%
|
6.89
+3%
|
7.17
+4%
|
4.93
-31%
|
4.91
0%
|
5.11
+4%
|
5.21
+2%
|
5.71
+10%
|
5.25
-8%
|
5.17
-2%
|
3.84
-26%
|
3.44
-10%
|
3.49
+1%
|
3.56
+2%
|
4.69
+32%
|
5.15
+10%
|
5.34
+4%
|
5.52
+3%
|
5.76
+4%
|
5.71
-1%
|
6.14
+8%
|
6.41
+4%
|
6.77
+6%
|
7.47
+10%
|
8.02
+7%
|