Carrier Global Corporation (CARR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 79M | 1.01B | 341M | 649M | 483M | 132M | -269M | 660M | 40M | 1.06B | 1.04B | 384M | 120M | 1.12B | 790M | 32M | -202M | 913M | 579M | 561M |
| Operating CF Margin % | 1.48% | 20.94% | 6.11% | 10.62% | 9.26% | 2.56% | -4.5% | 11.12% | 0.74% | 20.82% | 21.09% | 6.41% | 2.28% | 22% | 14.49% | 0.61% | -4.34% | 17.79% | 10.84% | 10.31% |
| Operating CF Growth % | -83.64% | 667.42% | 226.77% | -1.67% | 1107.5% | -87.57% | -125.84% | 71.88% | -66.67% | -5.43% | 31.77% | 1100% | 159.41% | 23% | 36.44% | -94.3% | -209.78% | 358.79% | -38.21% | 10.22% |
| Net Income | 265M | 62M | 434M | 650M | 437M | -30M | 598M | 447M | 197M | 439M | 422M | 233M | 387M | 278M | 1.33B | 587M | 1.39B | 332M | 480M | 497M |
| Depreciation & Amortization | 315M | 329M | 325M | 317M | 303M | 318M | 312M | 294M | 308M | 135M | 95M | 137M | 136M | 123M | 102M | 76M | 79M | 87M | 83M | 85M |
| Stock-Based Compensation | 21M | 19M | 11M | 21M | 23M | 21M | 25M | 21M | 19M | 18M | 15M | 18M | 22M | 19M | 17M | 20M | 21M | 32M | 20M | 21M |
| Deferred Taxes | -179M | -85M | -158M | -89M | -69M | -56M | -65M | -127M | -104M | -82M | -40M | -86M | -24M | -17M | -90M | -65M | 48M | -143M | 36M | 35M |
| Other Non-Cash Items | -47M | -17M | -159M | 304M | -29M | -777M | -1.04B | -162M | 30M | 43M | -175M | 203M | -69M | 141M | -714M | -149M | -1.12B | 107M | -15M | -129M |
| Working Capital Changes | -296M | 705M | -112M | -554M | -182M | 656M | -94M | 187M | -410M | 509M | 724M | -121M | -332M | 579M | 143M | -437M | -621M | 498M | -25M | 52M |
| Change in Receivables | -509M | 392M | 212M | -340M | -362M | 95M | 97M | -51M | -181M | 316M | 167M | -261M | -185M | 438M | 73M | -346M | -361M | 212M | -27M | -202M |
| Change in Inventory | -138M | 447M | -116M | -111M | -301M | 216M | 69M | 90M | -83M | 230M | -13M | 67M | -126M | 158M | -57M | -45M | -390M | -64M | -134M | 38M |
| Change in Payables | 351M | -389M | 170M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -65M | -111M | -119M | -55M | -23M | 3.09B | 1.16B | 4.81B | -11.08B | -229M | -135M | -196M | -100M | -300M | -600M | -175M | 2.82B | -266M | -125M | -252M |
| Capital Expenditures | -94M | -131M | -117M | -81M | -63M | -217M | -92M | -108M | -102M | -233M | -73M | -74M | -70M | -140M | -91M | -66M | -56M | -138M | -74M | -79M |
| CapEx % of Revenue | 1.76% | 2.71% | 2.1% | 1.32% | 1.21% | 4.22% | 1.54% | 1.82% | 1.88% | 4.57% | 1.48% | 1.23% | 1.33% | 2.74% | 1.67% | 1.27% | 1.2% | 2.69% | 1.39% | 1.45% |
| Acquisitions | -23M | 0 | -31M | -49M | -4M | 617M | -94M | -7M | -10.77B | -15M | 139M | -137M | -17M | -180M | -434M | -20M | 2.93B | -155M | -45M | -160M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 44M | 35M | -4M | 75M | 44M | 2.77B | 1.35B | 4.9B | 2M | 3M | -149M | 11M | 5M | 12M | 4M | 2M | -18M | 16M | 6M | -13M |
| Cash from Financing | -141M | -787M | -591M | -547M | -2.75B | -1.69B | -1.54B | -3.79B | 2.38B | 5.3B | -182M | -293M | -213M | -347M | -150M | -414M | -2.02B | -337M | -327M | -255M |
| Debt Issued (Net) | 377M | -99M | 460M | -5M | -1.25B | 24M | -927M | -3.54B | 2.56B | 5.52B | -3M | -38M | 13M | -94M | 239M | 14M | -1.14B | 36M | -43M | -53M |
| Equity Issued (Net) | -306M | -479M | -785M | -340M | -1.29B | -1.51B | -431M | 0 | 0 | 0 | 0 | 0 | -62M | -119M | -247M | -280M | -734M | -252M | -145M | -94M |
| Dividends Paid | -201M | -189M | -193M | -192M | -198M | -156M | -184M | -171M | -159M | -155M | -156M | -155M | -154M | -125M | -127M | -128M | -129M | -104M | -104M | -105M |
| Share Repurchases | -306M | -479M | -785M | -340M | -1.29B | -1.51B | -431M | 0 | 0 | 0 | 0 | 0 | -62M | -119M | -247M | -280M | -734M | -252M | -145M | -94M |
| Other Financing | -11M | -20M | -73M | -10M | -16M | -41M | -2M | -71M | -25M | -64M | -23M | -100M | -10M | -9M | -15M | -20M | -15M | -17M | -35M | -3M |
| Net Change in Cash | -183M | 131M | -374M | 98M | -2.27B | 1.73B | -683M | 1.6B | -8.54B | 5.95B | 692M | -138M | -173M | 536M | -34M | -597M | 596M | 322M | 40M | 65M |
| Free Cash Flow | -15M | 882M | 224M | 568M | 420M | -85M | -361M | 552M | -62M | 829M | 968M | 310M | 50M | 983M | 699M | -34M | -258M | 775M | 505M | 482M |
| FCF Margin % | -0.28% | 18.23% | 4.02% | 9.29% | 8.05% | -1.65% | -6.03% | 9.3% | -1.14% | 16.25% | 19.61% | 5.17% | 0.95% | 19.26% | 12.82% | -0.65% | -5.54% | 15.1% | 9.46% | 8.86% |
| FCF Growth % | -103.57% | 1137.65% | 162.05% | 2.9% | 777.42% | -110.25% | -137.29% | 78.06% | -224% | -15.67% | 38.48% | 1011.76% | 119.38% | 26.84% | 38.42% | -107.05% | -296.95% | 1939.47% | -42.61% | 4.1% |
| FCF per Share | -0.02 | 1.04 | 0.26 | 0.66 | 0.48 | -0.09 | -0.39 | 0.60 | -0.07 | 0.97 | 1.13 | 0.36 | 0.06 | 1.15 | 0.82 | -0.04 | -0.30 | 0.87 | 0.57 | 0.54 |
| FCF Conversion (FCF/Net Income) | 0.33x | 16.34x | 0.80x | 1.10x | 1.17x | 0.05x | -0.60x | 0.28x | 0.15x | 2.53x | 2.92x | 1.93x | 0.32x | 4.16x | 0.60x | 0.06x | -0.15x | 2.82x | 1.23x | 1.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |