Otis Worldwide Corp
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 24, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
CONTENTS OF QUARTERLY REPORT ON FORM 10-Q
| Page | |
|---|---|
| PART I – FINANCIAL INFORMATION | 4 |
| Item 1. Financial Statements: | 4 |
| Condensed Consolidated Statements of Operations for the quarters ended March 31, 2025 and 2024 | 4 |
| Condensed Consolidated Statements of Comprehensive Income for the quarters ended March 31, 2025 and 2024 | 5 |
| Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 | 6 |
| Condensed Consolidated Statements of Changes in Equity for the quarters ended March 31, 2025 and 2024 | 7 |
| Condensed Consolidated Statements of Cash Flows for the quarters ended March 31, 2025 and 2024 | 8 |
| Notes to Condensed Consolidated Financial Statements | 9 |
| Report of Independent Registered Public Accounting Firm | 27 |
| Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 42 |
| Item 4. Controls and Procedures | 43 |
| PART II – OTHER INFORMATION | 46 |
| Item 1. Legal Proceedings | 46 |
| Item 1A. Risk Factors | 46 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 46 |
| Item 5. Other Information | 46 |
| Item 6. Exhibits | 47 |
| SIGNATURES | 48 |
Otis Worldwide Corporation's and its subsidiaries' names, abbreviations thereof, logos, and product and service designators are all either the registered or unregistered trademarks or tradenames of Otis Worldwide Corporation and its subsidiaries. Names, abbreviations of names, logos, and products and service designators of other companies are either the registered or unregistered trademarks or tradenames of their respective owners. As used herein, the terms "we," "us," "our," "the Company" or "Otis," unless the context otherwise requires, mean Otis Worldwide Corporation and its subsidiaries. References to Internet websites in this Form 10-Q are provided for convenience only. Information available through these websites is not incorporated by reference into this Form 10-Q.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.