Carrier Global Corporation (CARR)
NYSE: CARR · Real-Time Price · USD
55.04
+1.41 (2.63%)
Nov 2, 2026, 3:40 PM EST - Market open
Carrier Global Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | -1,801 | 1,484 | 5,604 | 1,349 | 3,534 | 1,664 |
Depreciation & Amortization | 1,282 | 1,274 | 1,232 | 491 | 328 | 338 |
Loss (Gain) From Sale of Investments | 30 | -32 | -322 | -19 | -1,815 | 4 |
Loss (Gain) on Equity Investments | -30 | -28 | -185 | -82 | -114 | -90 |
Stock-Based Compensation | 59 | 74 | 86 | 71 | 65 | 92 |
Other Operating Activities | 96 | -285 | -5,183 | -61 | -252 | -88 |
Change in Accounts Receivable | -579 | -98 | -40 | -161 | -51 | -144 |
Change in Inventory | 44 | -81 | 292 | 123 | -173 | -408 |
Change in Accounts Payable | 517 | -219 | 87 | 541 | -17 | 829 |
Change in Unearned Revenue | - | - | - | - | - | 51 |
Change in Other Net Operating Assets | - | - | - | - | - | -11 |
Operating Cash Flow | 2,859 | 2,513 | 563 | 2,607 | 1,743 | 2,237 |
Operating Cash Flow Growth | 78.13% | 346.36% | -78.40% | 49.57% | -22.08% | 32.21% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -481 | -392 | -519 | -439 | -317 | -344 |
Cash Acquisitions | -133 | -107 | -10,890 | -84 | -506 | -366 |
Divestitures | 429 | 27 | 634 | 54 | 2,902 | - |
Investment in Securities | - | - | - | - | - | 7 |
Other Investing Activities | 61 | 165 | 8,750 | -191 | -334 | 11 |
Investing Cash Flow | -124 | -307 | -2,025 | -660 | 1,745 | -692 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | 275 | 50 | - | - | 13 |
Long-Term Debt Issued | - | 48 | 3,412 | 5,609 | 432 | 140 |
Total Debt Issued | -43 | 323 | 3,462 | 5,609 | 432 | 153 |
Short-Term Debt Repaid | - | - | - | -5 | -149 | - |
Long-Term Debt Repaid | - | -1,212 | -5,345 | -111 | -1,275 | -704 |
Total Debt Repaid | -202 | -1,212 | -5,345 | -116 | -1,424 | -704 |
Net Debt Issued (Repaid) | -245 | -889 | -1,883 | 5,493 | -992 | -551 |
Repurchase of Common Stock | -1,623 | -2,892 | -1,944 | -62 | -1,380 | -527 |
Common Dividends Paid | -787 | -772 | -670 | -620 | -509 | -417 |
Other Financing Activities | -131 | -119 | -139 | -199 | -50 | -67 |
Financing Cash Flow | -2,786 | -4,672 | -4,636 | 4,612 | -2,931 | -1,562 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 6 | 76 | -103 | 88 | -56 | -16 |
Miscellaneous Cash Flow Adjustments | -2 | -27 | 317 | -98 | 28 | -99 |
Net Cash Flow | -47 | -2,417 | -5,884 | 6,549 | 529 | -132 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 2,378 | 2,121 | 44 | 2,168 | 1,426 | 1,893 |
Free Cash Flow Growth | 111.00% | 4720.45% | -97.97% | 52.03% | -24.67% | 37.17% |
Free Cash Flow Margin | 10.43% | 9.75% | 0.20% | 11.44% | 8.25% | 9.18% |
Free Cash Flow Per Share | 2.86 | 2.46 | 0.05 | 2.54 | 1.66 | 2.13 |
Levered Free Cash Flow | 1,944 | 1,012 | 5,280 | -882.63 | 2,696 | 63.75 |
Unlevered Free Cash Flow | 2,237 | 1,298 | 5,642 | -782.63 | 2,794 | 255 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 422 | 422 | 610 | 320 | 297 | 317 |
Cash Income Tax Paid | 729 | 729 | 2,126 | 942 | 833 | 675 |
Change in Working Capital | -18 | -398 | 339 | 503 | -241 | 317 |