Otis Worldwide 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	1,384	1,645	1,406	1,253	1,246
Depreciation & Amortization	175	181	193	191	203
Stock-Based Compensation	80	73	64	67	65
Other Operating Activities	-102	-42	-5	145	76
Change in Accounts Receivable	-182	-108	-269	-271	-99
Change in Inventory	-25	26	15	-65	14
Change in Accounts Payable	181	57	152	272	130
Change in Other Net Operating Assets	85	-269	71	-32	115
Operating Cash Flow	1,596	1,563	1,627	1,560	1,750
Operating Cash Flow Growth	2.11%	-3.93%	4.29%	-10.86%	18.24%
Capital Expenditures	-152	-126	-138	-115	-156
Sale of Property, Plant & Equipment	60	6	7	-	-
Cash Acquisitions	-109	-87	-36	-46	-80
Divestitures	-	-	-	61	-
Investment in Securities	-	-9	4	-7	40
Other Investing Activities	-205	52	-20	74	107
Investing Cash Flow	-406	-164	-183	-33	-89
Short-Term Debt Issued	-	11	-	113	-
Long-Term Debt Issued	667	1,497	747	-	2,182
Total Debt Issued	667	1,508	747	113	2,182
Short-Term Debt Repaid	-25	-	-113	-	-304
Long-Term Debt Repaid	-1,300	-	-534	-500	-503
Total Debt Repaid	-1,325	-	-647	-500	-807
Net Debt Issued (Repaid)	-658	1,508	100	-387	1,375
Repurchase of Common Stock	-809	-1,007	-800	-850	-725
Common Dividends Paid	-647	-606	-539	-465	-393
Other Financing Activities	-307	-204	-111	-1,950	-199
Financing Cash Flow	-2,421	-309	-1,350	-3,652	58
Foreign Exchange Rate Adjustments	15	-49	-9	-157	-43
Net Cash Flow	-1,216	1,041	85	-2,282	1,676
Free Cash Flow	1,444	1,437	1,489	1,445	1,594
Free Cash Flow Growth	0.49%	-3.49%	3.04%	-9.35%	22.90%
Free Cash Flow Margin	10.01%	10.08%	10.48%	10.56%	11.15%
Free Cash Flow Per Share	3.66	3.55	3.59	3.42	3.69
Cash Interest Paid	230	172	132	134	129
Cash Income Tax Paid	471	586	546	562	552
Levered Free Cash Flow	1,595	1,195	1,540	3,110	-362.13
Unlevered Free Cash Flow	1,717	1,301	1,634	3,199	-277.13
Change in Working Capital	59	-294	-31	-96	160

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