Trane Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,919	2,568	2,024	1,757	1,423
Depreciation & Amortization	341.5	341.2	311.6	281.5	253.7
Other Amortization	34.8	38.2	36.5	42.1	45.7
Stock-Based Compensation	86.6	82.9	64.3	56.3	66.5
Other Operating Activities	120.5	-91.4	63.3	112.4	48.2
Change in Accounts Receivable	-61.2	-180.6	-110.1	-345.4	-265.4
Change in Inventory	-84.8	162.5	-96.4	-466.7	-348.8
Change in Accounts Payable	-2.6	100.9	-125.3	317.9	275.3
Change in Other Net Operating Assets	-133	156.1	259	-55.9	95.8
Operating Cash Flow	3,195	3,146	2,390	1,504	1,588
Operating Cash Flow Growth	1.55%	31.64%	58.88%	-5.31%	10.68%
Capital Expenditures	-383	-370.6	-300.7	-291.8	-223
Sale of Property, Plant & Equipment	20.6	4.7	9.2	9.7	15.1
Cash Acquisitions	-276	-180.3	-862.8	-234.7	-269.2
Other Investing Activities	-1.6	-16.7	-17.9	-23.6	-68.6
Investing Cash Flow	-640	-562.9	-1,172	-540.4	-545.7
Long-Term Debt Issued	-	498.5	699.2	-	-
Total Debt Issued	-	498.5	699.2	-	-
Short-Term Debt Repaid	-	-	-1.9	-	-
Long-Term Debt Repaid	-159.1	-507.5	-754.6	-9.6	-432.5
Total Debt Repaid	-159.1	-507.5	-756.5	-9.6	-432.5
Net Debt Issued (Repaid)	-159.1	-9	-57.3	-9.6	-432.5
Issuance of Common Stock	12.6	46.9	79.3	2.6	78.3
Repurchase of Common Stock	-1,481	-1,281	-669.3	-1,200	-1,100
Common Dividends Paid	-837.3	-757.5	-683.7	-620.2	-561.1
Other Financing Activities	-30.7	-20.2	-19.3	-24.8	-112
Financing Cash Flow	-2,496	-2,021	-1,350	-1,852	-2,128
Foreign Exchange Rate Adjustments	114.5	-67.3	7.7	-50.1	-45.7
Net Cash Flow	173.2	494.8	-125.2	-938.7	-1,131
Free Cash Flow	2,812	2,775	2,089	1,212	1,365
Free Cash Flow Growth	1.31%	32.84%	72.32%	-11.21%	5.94%
Free Cash Flow Margin	13.19%	13.99%	11.82%	7.58%	9.66%
Free Cash Flow Per Share	12.50	12.15	9.05	5.16	5.63
Cash Interest Paid	222	233.3	217.4	218	234.9
Cash Income Tax Paid	647.1	717.2	526.1	321.3	356.9
Levered Free Cash Flow	1,936	2,484	1,731	795.76	1,396
Unlevered Free Cash Flow	2,078	2,633	1,877	935.45	1,542
Change in Working Capital	-281.6	238.9	-72.8	-550.1	-243.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.