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	2,973	2,614	2,069	1,796	1,457
Depreciation & Amortization	376.3	348.1	379.4	323.6	299.4
Stock-Based Compensation	86.6	82.9	64.3	56.3	66.5
Other Adjustments	66.4	-137.7	18.3	72.7	14.4
Change in Receivables	-61.2	-180.6	-110.1	-345.4	-265.4
Changes in Inventories	-84.8	162.5	-96.4	-466.7	-348.8
Changes in Accounts Payable	-2.6	100.9	-	317.9	275.3
Changes in Other Operating Activities	-158.9	124	221.8	-250.6	89.7
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
Purchases of Investments	-	-450	-	-	-
Proceeds from Sale of Investments	-	450	-	-	-
Payments for Business 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
Short-Term Debt Issued	-	-	-1.9	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-1.9	-	-
Long-Term Debt Issued	-159.1	489.5	641.9	-9.6	-432.5
Long-Term Debt Repaid	-159.1	-507.5	-754.6	-9.6	-432.5
Net Long-Term Debt Issued (Repaid)	-318.2	-18	-112.7	-19.2	-865
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
Net Common Stock Issued (Repurchased)	-1,469	-1,234	-590	-1,198	-1,022
Common Dividends Paid	-837.3	-757.5	-683.7	-620.2	-561.1
Other Financing Activities	-28.7	-19.9	-21.6	-24.8	-112
Financing Cash Flow	-2,496	-2,021	-1,350	-1,852	-2,128
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF 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
Levered Free Cash Flow	2,347	2,915	2,113	1,370	651
Unlevered Free Cash Flow	2,953	3,187	2,536	1,633	1,739

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.