Investor Presentaiton
EATON CORPORATION plc
CONSOLIDATED STATEMENTS OF INCOME
Year ended December 31
(In millions except for per share data)
2022
2021
2020
Net sales
$
20,752
$
19,628 $ 17,858
Cost of products sold
Selling and administrative expense
Research and development expense
Interest expense - net
Gain on sale of businesses
Other expense (income) - net
Income before income taxes
Income tax expense
13,865
13,293
12,408
3,227
3,256
3,075
665
616
551
144
144
149
24
617
221
(36)
40
150
2,911
2,896
1,746
445
750
331
Net income
2,465
2,146
1,415
Less net income for noncontrolling interests
(4)
(2)
Net income attributable to Eaton ordinary shareholders
$
2,462
$
2,144 $
1,410
Net income per share attributable to Eaton ordinary shareholders
Diluted
$
Basic
6.14 $
6.17
5.34
$
3.49
5.38
3.51
Weighted-average number of ordinary shares outstanding
Diluted
Basic
Cash dividends declared per ordinary share
The accompanying notes are an integral part of the consolidated financial statements.
EA
400.8
401.6
404.0
398.7
398.7
402.2
3.24
$
3.04 $
2.92
24
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