Westinghouse Air Brake Technologies Corporation (WAB)
NYSE: WAB · Real-Time Price · USD
297.57
+5.26 (1.80%)
Aug 21, 2026, 4:00 PM EDT - Market closed
WAB 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 | Jun '26 Jun 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 | 1,269 | 1,170 | 1,056 | 815 | 633 | 558 |
Depreciation & Amortization | 504 | 457 | 457 | 475 | 426 | 441 |
Loss (Gain) From Sale of Assets | 40 | 40 | 4 | 7 | 3 | -4 |
Asset Writedown & Restructuring Costs | - | - | 2 | 2 | - | - |
Stock-Based Compensation | 94 | 80 | 66 | 47 | 41 | 46 |
Other Operating Activities | 29 | 5 | 62 | -48 | 44 | 95 |
Change in Accounts Receivable | -22 | -36 | -34 | -195 | -52 | -76 |
Change in Inventory | -37 | -182 | -117 | -58 | -368 | -41 |
Change in Accounts Payable | -20 | 34 | 70 | -58 | 306 | 109 |
Change in Income Taxes | 120 | 6 | 21 | 1 | 7 | -4 |
Change in Other Net Operating Assets | 22 | 185 | 247 | 213 | -2 | -51 |
Operating Cash Flow | 1,999 | 1,759 | 1,834 | 1,201 | 1,038 | 1,073 |
Operating Cash Flow Growth | 20.06% | -4.09% | 52.71% | 15.70% | -3.26% | 36.86% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -285 | -260 | -207 | -186 | -149 | -130 |
Sale of Property, Plant & Equipment | 5 | 5 | 13 | 2 | 3 | 25 |
Cash Acquisitions | -3,561 | -2,520 | -168 | -308 | -89 | -435 |
Divestitures | 8 | 8 | 19 | - | - | - |
Other Investing Activities | 24 | 20 | - | - | - | - |
Investing Cash Flow | -3,809 | -2,747 | -343 | -492 | -235 | -540 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Long-Term Debt Issued | - | 4,708 | 2,258 | 5,563 | 6,087 | 5,391 |
Long-Term Debt Repaid | - | -3,224 | -2,322 | -5,521 | -6,117 | -5,552 |
Net Debt Issued (Repaid) | 1,798 | 1,484 | -64 | 42 | -30 | -161 |
Repurchase of Common Stock | -587 | -263 | -1,122 | -425 | -480 | -307 |
Common Dividends Paid | -192 | -173 | -140 | -123 | -111 | -92 |
Other Financing Activities | -34 | -17 | -45 | -127 | -87 | -93 |
Financing Cash Flow | 985 | 1,031 | -1,371 | -633 | -708 | -653 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -4 | 31 | -25 | 3 | -27 | -6 |
Net Cash Flow | -829 | 74 | 95 | 79 | 68 | -126 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 1,714 | 1,499 | 1,627 | 1,015 | 889 | 943 |
Free Cash Flow Growth | 18.04% | -7.87% | 60.30% | 14.17% | -5.73% | 45.52% |
Free Cash Flow Margin | 14.31% | 13.42% | 15.66% | 10.49% | 10.63% | 12.06% |
Free Cash Flow Per Share | 10.05 | 8.76 | 9.31 | 5.66 | 4.86 | 5.01 |
Levered Free Cash Flow | 1,101 | 1,225 | 1,268 | 653 | 756.38 | 850.5 |
Unlevered Free Cash Flow | 1,279 | 1,365 | 1,393 | 789.25 | 868.25 | 958 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 219 | 219 | 181 | 210 | 179 | 164 |
Cash Income Tax Paid | 342 | 342 | 237 | 233 | 157 | 123 |
Change in Working Capital | 63 | 7 | 187 | -97 | -109 | -63 |