Carrier Global Corporation (CARR)

Carrier Global Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	3,982	5,604	1,349	3,534	1,664	1,982
Depreciation & Amortization	1,263	1,232	491	328	338	336
Loss (Gain) From Sale of Investments	-337	-322	-19	-1,815	4	-1,051
Loss (Gain) on Equity Investments	-111	-185	-82	-114	-90	-38
Stock-Based Compensation	76	86	71	65	92	77
Other Operating Activities	-3,242	-5,183	-61	-252	-88	300
Change in Accounts Receivable	-395	-40	-161	-51	-144	40
Change in Inventory	-312	292	123	-173	-408	-240
Change in Accounts Payable	515	87	541	-17	829	237
Change in Unearned Revenue	-	-	-	-	51	46
Change in Other Net Operating Assets	-	-	-	-	-11	3
Operating Cash Flow	1,605	563	2,607	1,743	2,237	1,692
Operating Cash Flow Growth	7.50%	-78.40%	49.57%	-22.08%	32.21%	-17.98%
Capital Expenditures	-478	-519	-439	-317	-344	-312
Cash Acquisitions	-109	-10,890	-84	-506	-366	-
Divestitures	642	634	54	2,902	-	-
Investment in Securities	-	-	-	-	7	1,377
Other Investing Activities	2,837	8,750	-191	-334	11	41
Investing Cash Flow	2,892	-2,025	-660	1,745	-692	1,106
Short-Term Debt Issued	-	50	-	-	13	-
Long-Term Debt Issued	-	3,412	5,609	432	140	11,784
Total Debt Issued	1,258	3,462	5,609	432	153	11,784
Short-Term Debt Repaid	-	-	-5	-149	-	-23
Long-Term Debt Repaid	-	-5,345	-111	-1,275	-704	-1,911
Total Debt Repaid	-2,024	-5,345	-116	-1,424	-704	-1,934
Net Debt Issued (Repaid)	-766	-1,883	5,493	-992	-551	9,850
Repurchase of Common Stock	-3,926	-1,944	-62	-1,380	-527	-
Common Dividends Paid	-739	-670	-620	-509	-417	-138
Other Financing Activities	-140	-139	-199	-50	-67	-10,393
Financing Cash Flow	-5,571	-4,636	4,612	-2,931	-1,562	-681
Foreign Exchange Rate Adjustments	-22	-103	88	-56	-16	45
Miscellaneous Cash Flow Adjustments	292	317	-98	28	-99	-4
Net Cash Flow	-804	-5,884	6,549	529	-132	2,158
Free Cash Flow	1,127	44	2,168	1,426	1,893	1,380
Free Cash Flow Growth	16.30%	-97.97%	52.03%	-24.67%	37.17%	-24.18%
Free Cash Flow Margin	5.11%	0.20%	11.44%	8.25%	9.18%	7.91%
Free Cash Flow Per Share	1.29	0.05	2.54	1.66	2.13	1.57
Cash Interest Paid	610	610	320	297	317	196
Cash Income Tax Paid	2,126	2,126	942	833	675	819
Levered Free Cash Flow	2,500	5,364	-973.88	2,696	63.75	1,516
Unlevered Free Cash Flow	2,788	5,726	-782.63	2,794	255	1,696
Change in Working Capital	-192	339	503	-241	317	86

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q