XYLEM INC.
RECAST ORDERS, REVENUE, OPERATING INCOME, ADJUSTED OPERATING INCOME, EBITDA AND ADJUSTED EBITDA BY SEGMENT
($ MILLIONS)
|
Year Ended December 31, 2021 |
Year Ended December 31, 2022 |
Year Ended December 31, 2023 | ||||||||||
| As Previously Reported |
As Recast(a)
| As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||
| Orders | ||||||||||||
| Water Infrastructure | $ | 2,471 | $ | 1,834 | $ | 2,607 | $ | 1,916 | $ | 3,060 | $ | 2,313 |
| Applied Water | 1,860 | 1,860 | 1,794 | 1,794 | 1,770 | 1,770 | ||||||
| Measurement and Control Solutions | 1,969 | 1,845 | 1,856 | 1,736 | 1,803 | 1,670 | ||||||
| Integrated Solutions and Services | - | - | - | - | 868 | - | ||||||
| Water Solutions and Services | - | 761 | - | 811 | - | 1,748 | ||||||
| Total | $ | 6,300 | $ | 6,300 | $ | 6,257 | $ | 6,257 | $ | 7,501 | $ | 7,501 |
| Revenue | ||||||||||||
| Water Infrastructure | $ | 2,247 | $ | 1,647 | $ | 2,364 | $ | 1,686 | $ | 2,967 | $ | 2,215 |
| Applied Water | 1,613 | 1,613 | 1,767 | 1,767 | 1,853 | 1,853 | ||||||
| Measurement and Control Solutions | 1,335 | 1,234 | 1,391 | 1,275 | 1,729 | 1,612 | ||||||
| Integrated Solutions and Services | - | - | - | - | 815 | - | ||||||
| Water Solutions and Services | - | 701 | - | 794 | - | 1,684 | ||||||
| Total | $ | 5,195 | $ | 5,195 | $ | 5,522 | $ | 5,522 | $ | 7,364 | $ | 7,364 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
|
Year Ended December 31, 2021 |
Year Ended December 31, 2022 |
Year Ended December 31, 2023 | ||||||||||
| As Previously Reported |
As Recast(a)
| As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||
| Operating Income | ||||||||||||
| Water Infrastructure | $ | 387 | $ | 277 | $ | 418 | $ | 279 | $ | 419 | $ | 275 |
| Applied Water | 240 | 240 | 258 | 258 | 310 | 310 | ||||||
| Measurement and Control Solutions | 12 | 27 | 2 | 19 | 113 | 133 | ||||||
| Integrated Solutions and Services | - | - | - | - | 8 | - | ||||||
| Water Solutions and Services | - | 95 | - | 122 | - | 132 | ||||||
| Corporate and Other | (54) | (54) | (56) | (56) | (198) | (198) | ||||||
| Total | $ | 585 | $ | 585 | $ | 622 | $ | 622 | $ | 652 | $ | 652 |
Adjustments(b)
| ||||||||||||
| Water Infrastructure | $ | 12 | $ | 15 | $ | 15 | $ | 13 | $ | 100 | $ | 93 |
| Applied Water | 8 | 8 | 13 | 13 | 14 | 14 | ||||||
| Measurement and Control Solutions | 3 | 65 | 92 | 80 | 90 | 80 | ||||||
| Integrated Solutions and Services | - | - | - | - | 97 | - | ||||||
| Water Solutions and Services | - | 14 | - | 14 | - | 114 | ||||||
| Corporate and Other | 3 | 3 | 2 | 2 | 119 | 119 | ||||||
| Total | $ | 26 | $ | 105 | $ | 122 | $ | 122 | $ | 420 | $ | 420 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
|
Year Ended December 31, 2021 |
Year Ended December 31, 2022 |
Year Ended December 31, 2023 | ||||||||||
| As Previously Reported |
As Recast(a)
| As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||
| Adjusted Operating Income | ||||||||||||
| Water Infrastructure | $ | 399 | $ | 292 | $ | 433 | $ | 292 | $ | 519 | $ | 368 |
| Applied Water | 248 | 248 | 271 | 271 | 324 | 324 | ||||||
| Measurement and Control Solutions | 15 | 92 | 94 | 99 | 203 | 213 | ||||||
| Integrated Solutions and Services | - | - | - | - | 105 | - | ||||||
| Water Solutions and Services | - | 109 | - | 136 | - | 246 | ||||||
| Corporate and Other | (51) | (51) | (54) | (54) | (79) | (79) | ||||||
| Total | $ | 611 | $ | 690 | $ | 744 | $ | 744 | $ | 1,072 | $ | 1,072 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
|
Year Ended December 31, 2021 |
Year Ended December 31, 2022 |
Year Ended December 31, 2023 | ||||||||||
| As Previously Reported |
As Recast(a)
| As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||
| EBITDA | ||||||||||||
| Water Infrastructure | $ | 433 | $ | 307 | $ | 467 | $ | 310 | $ | 532 | $ | 367 |
| Applied Water | 261 | 267 | 275 | 281 | 329 | 336 | ||||||
| Measurement and Control Solutions | 155 | 150 | 138 | 136 | 248 | 252 | ||||||
| Integrated Solutions and Services | - | - | - | - | 138 | - | ||||||
| Water Solutions and Services | - | 145 | - | 172 | - | 317 | ||||||
| Corporate and Other/Regional Selling Locations | (24) | (44) | (170) | (189) | (155) | (180) | ||||||
| Total | $ | 825 | $ | 825 | $ | 710 | $ | 710 | $ | 1,092 | $ | 1,092 |
Adjustments(c)
| ||||||||||||
| Water Infrastructure | $ | 14 | $ | 17 | $ | 13 | $ | 16 | $ | 66 | $ | 59 |
| Applied Water | 10 | 9 | 17 | 17 | 17 | 16 | ||||||
| Measurement and Control Solutions | 9 | 8 | 29 | 28 | 30 | 29 | ||||||
| Integrated Solutions and Services | - | - | - | - | 43 | - | ||||||
| Water Solutions and Services | - | 5 | - | 6 | - | 52 | ||||||
| Corporate and Other/Regional Selling Locations | 32 | 26 | 171 | 163 | 144 | 144 | ||||||
| Total | $ | 65 | $ | 65 | $ | 230 | $ | 230 | $ | 300 | $ | 300 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
|
Year Ended December 31, 2021 |
Year Ended December 31, 2022 |
Year Ended December 31, 2023 | ||||||||||
| As Previously Reported |
As Recast(a)
| As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||
| Adjusted EBITDA | ||||||||||||
| Water Infrastructure | $ | 447 | $ | 324 | $ | 480 | $ | 326 | $ | 598 | $ | 426 |
| Applied Water | 271 | 276 | 292 | 298 | 346 | 352 | ||||||
| Measurement and Control Solutions | 164 | 158 | 167 | 164 | 278 | 281 | ||||||
| Integrated Solutions and Services | - | - | - | - | 181 | - | ||||||
| Water Solutions and Services | - | 150 | - | 178 | - | 369 | ||||||
| Corporate and Other/Regional Selling Locations | 8 | (18) | 1 | (26) | (11) | (36) | ||||||
| Total | $ | 890 | $ | 890 | $ | 940 | $ | 940 | $ | 1,392 | $ | 1,392 |
| Adjusted EBITDA Margin | ||||||||||||
| Water Infrastructure | 19.9 | % | 19.7 | % | 20.3 | % | 19.3 | % | 20.2 | % | 19.2 | % |
| Applied Water | 16.8 | % | 17.1 | % | 16.5 | % | 16.9 | % | 18.7 | % | 19.0 | % |
| Measurement and Control Solutions | 12.3 | % | 12.8 | % | 12.0 | % | 12.9 | % | 16.1 | % | 17.4 | % |
| Integrated Solutions and Services | N/A | N/A | N/A | N/A | 22.2 | % | N/A | |||||
| Water Solutions and Services | N/A | 21.4 | % | N/A | 22.4 | % | N/A | 21.9 | % | |||
| Total | 17.1 | % | 17.1 | % | 17.0 | % | 17.0 | % | 18.9 | % | 18.9 | % |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
| 1Q 2023 | 2Q 2023 | 3Q 2023 | 4Q 2023 | |||||||||||||
| As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||||
| Orders | ||||||||||||||||
| Water Infrastructure | $ | 639 | $ | 461 | $ | 751 | $ | 563 | $ | 850 | $ | 656 | $ | 820 | $ | 633 |
| Applied Water | 483 | 483 | 445 | 445 | 422 | 422 | 420 | 420 | ||||||||
| Measurement and Control Solutions | 448 | 415 | 497 | 470 | 375 | 343 | 483 | 442 | ||||||||
| Integrated Solutions and Services | - | - | 163 | - | 384 | - | 321 | - | ||||||||
| Water Solutions and Services | - | 211 | - | 378 | - | 610 | - | 549 | ||||||||
| Total | $ | 1,570 | $ | 1,570 | $ | 1,856 | $ | 1,856 | $ | 2,031 | $ | 2,031 | $ | 2,044 | $ | 2,044 |
| Revenue | ||||||||||||||||
| Water Infrastructure | $ | 589 | $ | 410 | $ | 704 | $ | 519 | $ | 803 | $ | 612 | $ | 871 | $ | 674 |
| Applied Water | 453 | 453 | 478 | 478 | 465 | 465 | 457 | 457 | ||||||||
| Measurement and Control Solutions | 406 | 378 | 415 | 384 | 440 | 413 | 468 | 437 | ||||||||
| Integrated Solutions and Services | - | - | 125 | - | 368 | - | 322 | - | ||||||||
| Water Solutions and Services | - | 207 | - | 341 | - | 586 | - | 550 | ||||||||
| Total | $ | 1,448 | $ | 1,448 | $ | 1,722 | $ | 1,722 | $ | 2,076 | $ | 2,076 | $ | 2,118 | $ | 2,118 |
| Operating Income | ||||||||||||||||
| Water Infrastructure | $ | 70 | $ | 46 | $ | 106 | $ | 70 | $ | 128 | $ | 84 | $ | 115 | $ | 75 |
| Applied Water | 83 | 83 | 84 | 84 | 73 | 73 | 70 | 70 | ||||||||
| Measurement and Control Solutions | 20 | 26 | 26 | 29 | 27 | 35 | 40 | 43 | ||||||||
| Integrated Solutions and Services | - | - | (7) | - | (3) | - | 18 | - | ||||||||
| Water Solutions and Services | - | 18 | - | 26 | - | 33 | - | 55 | ||||||||
| Corporate and Other | (42) | (42) | (90) | (90) | (34) | (34) | (32) | (32) | ||||||||
| Total | $ | 131 | $ | 131 | $ | 119 | $ | 119 | $ | 191 | $ | 191 | $ | 211 | $ | 211 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
| 1Q 2023 | 2Q 2023 | 3Q 2023 | 4Q 2023 | |||||||||||||
| As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||||
Adjustments(b)
| ||||||||||||||||
| Water Infrastructure | $ | 4 | $ | 4 | $ | 23 | $ | 22 | $ | 24 | $ | 23 | $ | 49 | $ | 44 |
| Applied Water | 3 | 3 | 2 | 2 | 6 | 6 | 3 | 3 | ||||||||
| Measurement and Control Solutions | 24 | 21 | 20 | 18 | 23 | 21 | 23 | 20 | ||||||||
| Integrated Solutions and Services | - | - | 25 | - | 52 | - | 20 | - | ||||||||
| Water Solutions and Services | - | 3 | - | 28 | - | 55 | - | 28 | ||||||||
| Corporate and Other | 23 | 23 | 70 | 70 | 19 | 19 | 7 | 7 | ||||||||
| Total | $ | 54 | $ | 54 | $ | 140 | $ | 140 | $ | 124 | $ | 124 | $ | 102 | $ | 102 |
| Adjusted Operating Income | ||||||||||||||||
| Water Infrastructure | $ | 74 | $ | 50 | $ | 129 | $ | 92 | $ | 152 | $ | 107 | $ | 164 | $ | 119 |
| Applied Water | 86 | 86 | 86 | 86 | 79 | 79 | 73 | 73 | ||||||||
| Measurement and Control Solutions | 44 | 47 | 46 | 47 | 50 | 56 | 63 | 63 | ||||||||
| Integrated Solutions and Services | - | - | 18 | - | 49 | - | 38 | - | ||||||||
| Water Solutions and Services | - | 21 | - | 54 | - | 88 | - | 83 | ||||||||
| Corporate and Other | (19) | (19) | (20) | (20) | (15) | (15) | (25) | (25) | ||||||||
| Total | $ | 185 | $ | 185 | $ | 259 | $ | 259 | $ | 315 | $ | 315 | $ | 313 | $ | 313 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
| 1Q 2023 | 2Q 2023 | 3Q 2023 | 4Q 2023 | |||||||||||||
| As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||||
| EBITDA | ||||||||||||||||
| Water Infrastructure | $ | 84 | $ | 55 | $ | 131 | $ | 89 | $ | 158 | $ | 110 | $ | 159 | $ | 113 |
| Applied Water | 87 | 88 | 89 | 91 | 79 | 80 | 74 | 77 | ||||||||
| Measurement and Control Solutions | 54 | 56 | 61 | 59 | 60 | 66 | 73 | 71 | ||||||||
| Integrated Solutions and Services | - | - | 13 | - | 63 | - | 62 | - | ||||||||
| Water Solutions and Services | - | 31 | - | 60 | - | 112 | 114 | |||||||||
| Corporate and Other/Regional Selling Locations | (37) | (42) | (83) | (88) | (22) | (30) | (13) | (20) | ||||||||
| Total | $ | 188 | $ | 188 | $ | 211 | $ | 211 | $ | 338 | $ | 338 | $ | 355 | $ | 355 |
Adjustments(c)
| ||||||||||||||||
| Water Infrastructure | $ | 5 | $ | 5 | $ | 20 | $ | 17 | $ | 12 | $ | 12 | $ | 29 | $ | 25 |
| Applied Water | 4 | 4 | 2 | 2 | 6 | 7 | 5 | 3 | ||||||||
| Measurement and Control Solutions | 9 | 9 | 4 | 4 | 9 | 7 | 8 | 9 | ||||||||
| Integrated Solutions and Services | - | - | 17 | - | 20 | - | 6 | - | ||||||||
| Water Solutions and Services | - | 1 | - | 19 | - | 21 | - | 11 | ||||||||
| Corporate and Other/Regional Selling Locations | 30 | 29 | 75 | 76 | 26 | 26 | 13 | 13 | ||||||||
| Total | $ | 48 | $ | 48 | $ | 118 | $ | 118 | $ | 73 | $ | 73 | $ | 61 | $ | 61 |
| Adjusted EBITDA | ||||||||||||||||
| Water Infrastructure | $ | 89 | $ | 60 | $ | 151 | $ | 106 | $ | 170 | $ | 122 | $ | 188 | $ | 138 |
| Applied Water | 91 | 92 | 91 | 93 | 85 | 87 | 79 | 80 | ||||||||
| Measurement and Control Solutions | 63 | 65 | 65 | 63 | 69 | 73 | 81 | 80 | ||||||||
| Integrated Solutions and Services | - | - | 30 | - | 83 | - | 68 | - | ||||||||
| Water Solutions and Services | - | 32 | - | 79 | - | 133 | - | 125 | ||||||||
| Corporate and Other/Regional Selling Locations | (7) | (13) | (8) | (12) | 4 | (4) | - | (7) | ||||||||
| Total | $ | 236 | $ | 236 | $ | 329 | $ | 329 | $ | 411 | $ | 411 | $ | 416 | $ | 416 |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
| 1Q 2023 | 2Q 2023 | 3Q 2023 | 4Q 2023 | |||||||||||||
| As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | As Previously Reported | As Recast | |||||||||
| Adjusted EBITDA Margin | ||||||||||||||||
| Water Infrastructure | 15.1 | % | 14.6 | % | 21.4 | % | 20.4 | % | 21.2 | % | 19.9 | % | 21.6 | % | 20.5 | % |
| Applied Water | 20.1 | % | 20.3 | % | 19.0 | % | 19.5 | % | 18.3 | % | 18.7 | % | 17.3 | % | 17.5 | % |
| Measurement and Control Solutions | 15.5 | % | 17.2 | % | 15.7 | % | 16.4 | % | 15.7 | % | 17.7 | % | 17.3 | % | 18.3 | % |
| Integrated Solutions and Services | N/A | N/A | 24.0 | % | N/A | 22.6 | % | N/A | 21.1 | % | N/A | |||||
| Water Solutions and Services | N/A | 15.5 | % | N/A | 23.2 | % | N/A | 22.7 | % | N/A | 22.7 | % | ||||
| Total | 16.3 | % | 16.3 | % | 19.1 | % | 19.1 | % | 19.8 | % | 19.8 | % | 19.6 | % | 19.6 | % |
(a)Adjusted operating income amounts for 2021 have been recast to adjust for historical purchase accounting intangible amortization consistent with previously reported adjusted operating income amounts for 2022 and 2023.
(b)Adjustments consist of restructuring and realignment costs, special charges and purchase accounting intangible amortization.
(c)Adjustments consist of share-based compensation expense, restructuring and realignment costs and special charges. The recast information reflects depreciation, amortization and share-based compensation specifically identified to the segments which were previously reported within Corporate and other and Regional selling locations as part of an overall allocation.
Xylem Inc. Non-GAAP Reconciliation
Recast - GAAP vs. Organic & Constant Currency Growth -Year ended December 31, 2023
($ Millions)
| (As Recast - GAAP) | (As Adjusted - Organic) |
Constant Currency | ||||||||||||||||
| (A) | (B) | (C) | (D) | (E)=B+C+D | (F) = E/A | (G) = (E - C) / A | ||||||||||||
| Orders | Orders |
Change 2023 v. 2022 |
% Change 2023 v. 2022 |
Acquisitions/ Divestitures |
FX Impact |
Change Adj. 2023 v. 2022 |
% Change Adj. 2023 v. 2022 | |||||||||||
| 2023 | 2022 | |||||||||||||||||
| Year Ended December 31 | ||||||||||||||||||
| Xylem Inc. | $ | 7,501 | $ | 6,257 | $ | 1,244 | 20 | % | $ | (1,220) | $ | 41 | $ | 65 | 1 | % | 21 | % |
| Water Infrastructure | 2,313 | 1,916 | 397 | 21 | % | (352) | 17 | 62 | 3 | % | 22 | % | ||||||
| Applied Water | 1,770 | 1,794 | (24) | (1) | % | - | 18 | (6) | - | % | - | % | ||||||
| Measurement and Control Solutions | 1,670 | 1,736 | (66) | (4) | % | - | (1) | (67) | (4) | % | (4) | % | ||||||
| Water Solutions and Services | 1,748 | 811 | 937 | 116 | % | (868) | 7 | 76 | 9 | % | 116 | % | ||||||
| Quarter Ended December 31 | ||||||||||||||||||
| Xylem Inc. | $ | 2,044 | $ | 1,439 | $ | 605 | 42 | % | $ | (451) | $ | (17) | $ | 137 | 10 | % | 41 | % |
| Water Infrastructure | 633 | 452 | 181 | 40 | % | (130) | (9) | 42 | 9 | % | 38 | % | ||||||
| Applied Water | 420 | 400 | 20 | 5 | % | - | (2) | 18 | 5 | % | 5 | % | ||||||
| Measurement and Control Solutions | 442 | 391 | 51 | 13 | % | - | (5) | 46 | 12 | % | 12 | % | ||||||
| Water Solutions and Services | 549 | 196 | 353 | 180 | % | (321) | (1) | 31 | 16 | % | 180 | % | ||||||
| (As Recast - GAAP) | (As Adjusted - Organic) |
Constant Currency | ||||||||||||||||
| (A) | (B) | (C) | (D) | (E)=B+C+D | (F) = E/A | (G) = (E - C) / A | ||||||||||||
| Orders | Orders |
Change 2023 v. 2022 |
% Change 2023 v. 2022 |
Acquisitions/ Divestitures |
FX Impact |
Change Adj. 2023 v. 2022 |
% Change Adj. 2023 v. 2022 | |||||||||||
| 2023 | 2022 | |||||||||||||||||
| Quarter Ended September 30 | ||||||||||||||||||
| Xylem Inc. | $ | 2,031 | $ | 1,419 | $ | 612 | 43 | % | $ | (547) | $ | (18) | $ | 47 | 3 | % | 42 | % |
| Water Infrastructure | 656 | 424 | 232 | 55 | % | (163) | (7) | 62 | 15 | % | 53 | % | ||||||
| Applied Water | 422 | 409 | 13 | 3 | % | - | (4) | 9 | 2 | % | 2 | % | ||||||
| Measurement and Control Solutions | 343 | 388 | (45) | (12) | % | - | (5) | (50) | (13) | % | (13) | % | ||||||
| Water Solutions and Services | 610 | 198 | 412 | 208 | % | (384) | (2) | 26 | 13 | % | 207 | % | ||||||
| Quarter Ended June 30 | ||||||||||||||||||
| Xylem Inc. | $ | 1,856 | $ | 1,684 | $ | 172 | 10 | % | $ | (222) | $ | 23 | $ | (27) | (2) | % | 12 | % |
| Water Infrastructure | 563 | 558 | 5 | 1 | % | (59) | 10 | (44) | (8) | % | 3 | % | ||||||
| Applied Water | 445 | 480 | (35) | (7) | % | - | 6 | (29) | (6) | % | (6) | % | ||||||
| Measurement and Control Solutions | 470 | 444 | 26 | 6 | % | - | 3 | 29 | 7 | % | 7 | % | ||||||
| Water Solutions and Services | 378 | 202 | 176 | 87 | % | (163) | 4 | 17 | 8 | % | 89 | % | ||||||
| Quarter Ended March 31 | ||||||||||||||||||
| Xylem Inc. | $ | 1,570 | $ | 1,715 | $ | (145) | (8) | % | $ | - | $ | 53 | $ | (92) | (5) | % | (5) | % |
| Water Infrastructure | 461 | 482 | (21) | (4) | % | - | 23 | 2 | - | % | - | % | ||||||
| Applied Water | 483 | 505 | (22) | (4) | % | - | 18 | (4) | (1) | % | (1) | % | ||||||
| Measurement and Control Solutions | 415 | 513 | (98) | (19) | % | - | 6 | (92) | (18) | % | (18) | % | ||||||
| Water Solutions and Services | 211 | 215 | (4) | (2) | % | - | 6 | 2 | 1 | % | 1 | % |
Xylem Inc. Non-GAAP Reconciliation
Recast - GAAP vs. Organic & Constant Currency Growth -Year ended December 31, 2023
($ Millions)
| (As Recast - GAAP) | (As Adjusted - Organic) |
Constant Currency | ||||||||||||||||
| (A) | (B) | (C) | (D) | (E)=B+C+D | (F) = E/A | (G) = (E - C) / A | ||||||||||||
| Revenue | Revenue |
Change 2023 v. 2022 |
% Change 2023 v. 2022 |
Acquisitions/ Divestitures |
FX Impact |
Change Adj. 2023 v. 2022 |
% Change Adj. 2023 v. 2022 | |||||||||||
| 2023 | 2022 | |||||||||||||||||
| Year Ended December 31 | ||||||||||||||||||
| Xylem Inc. | $ | 7,364 | $ | 5,522 | $ | 1,842 | 33 | % | $ | (1,177) | $ | 25 | $ | 690 | 12 | % | 34 | % |
| Water Infrastructure | 2,215 | 1,686 | 529 | 31 | % | (362) | 8 | 175 | 10 | % | 32 | % | ||||||
| Applied Water | 1,853 | 1,767 | 86 | 5 | % | - | 10 | 96 | 5 | % | 5 | % | ||||||
| Measurement and Control Solutions | 1,612 | 1,275 | 337 | 26 | % | - | - | 337 | 26 | % | 26 | % | ||||||
| Water Solutions and Services | 1,684 | 794 | 890 | 112 | % | (815) | 7 | 82 | 10 | % | 113 | % | ||||||
| Quarter Ended December 31 | ||||||||||||||||||
| Xylem Inc. | $ | 2,118 | $ | 1,506 | $ | 612 | 41 | % | $ | (459) | $ | (17) | $ | 136 | 9 | % | 40 | % |
| Water Infrastructure | 674 | 484 | 190 | 39 | % | (137) | (7) | 46 | 10 | % | 38 | % | ||||||
| Applied Water | 457 | 455 | 2 | - | % | - | (4) | (2) | - | % | - | % | ||||||
| Measurement and Control Solutions | 437 | 347 | 90 | 26 | % | - | (4) | 86 | 25 | % | 25 | % | ||||||
| Water Solutions and Services | 550 | 220 | 330 | 150 | % | (322) | (2) | 6 | 3 | % | 149 | % | ||||||
| (As Recast - GAAP) | (As Adjusted - Organic) |
Constant Currency | ||||||||||||||||
| (A) | (B) | (C) | (D) | (E)=B+C+D | (F) = E/A | (G) = (E - C) / A | ||||||||||||
| Revenue | Revenue |
Change 2023 v. 2022 |
% Change 2023 v. 2022 |
Acquisitions/ Divestitures |
FX Impact |
Change Adj. 2023 v. 2022 |
% Change Adj. 2023 v. 2022 | |||||||||||
| 2023 | 2022 | |||||||||||||||||
| Quarter Ended September 30 | ||||||||||||||||||
| Xylem Inc. | $ | 2,076 | $ | 1,380 | $ | 696 | 50 | % | $ | (540) | $ | (22) | $ | 134 | 10 | % | 49 | % |
| Water Infrastructure | 612 | 403 | 209 | 52 | % | (172) | (12) | 25 | 6 | % | 49 | % | ||||||
| Applied Water | 465 | 458 | 7 | 2 | % | - | (3) | 4 | 1 | % | 1 | % | ||||||
| Measurement and Control Solutions | 413 | 320 | 93 | 29 | % | - | (5) | 88 | 28 | % | 28 | % | ||||||
| Water Solutions and Services | 586 | 199 | 387 | 194 | % | (368) | (2) | 17 | 9 | % | 193 | % | ||||||
| Quarter Ended June 30 | ||||||||||||||||||
| Xylem Inc. | $ | 1,722 | $ | 1,364 | $ | 358 | 26 | % | $ | (178) | $ | 19 | $ | 199 | 15 | % | 28 | % |
| Water Infrastructure | 519 | 421 | 98 | 23 | % | (53) | 9 | 54 | 13 | % | 25 | % | ||||||
| Applied Water | 478 | 429 | 49 | 11 | % | - | 4 | 53 | 12 | % | 12 | % | ||||||
| Measurement and Control Solutions | 384 | 318 | 66 | 21 | % | - | 2 | 68 | 21 | % | 21 | % | ||||||
| Water Solutions and Services | 341 | 196 | 145 | 74 | % | (125) | 4 | 24 | 12 | % | 76 | % | ||||||
| Quarter Ended March 31 | ||||||||||||||||||
| Xylem Inc. | $ | 1,448 | $ | 1,272 | $ | 176 | 14 | % | $ | - | $ | 45 | $ | 221 | 17 | % | 17 | % |
| Water Infrastructure | 410 | 378 | 32 | 8 | % | - | 18 | 50 | 13 | % | 13 | % | ||||||
| Applied Water | 453 | 425 | 28 | 7 | % | - | 13 | 41 | 10 | % | 10 | % | ||||||
| Measurement and Control Solutions | 378 | 290 | 88 | 30 | % | - | 7 | 95 | 33 | % | 33 | % | ||||||
| Water Solutions and Services | 207 | 179 | 28 | 16 | % | - | 7 | 35 | 20 | % | 20 | % |
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Disclaimer
Xylem Inc. published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2024 14:36:32 UTC.
