Westinghouse Air Brake Technologies Corporation (WAB)
NYSE: WAB · Real-Time Price · USD
305.79
+4.89 (1.63%)
At close: Jul 28, 2026, 4:00 PM EDT
306.50
+0.71 (0.23%)
After-hours: Jul 28, 2026, 7:45 PM EDT
WAB Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 396 | 363 | 204 | 313 | 339 | 327 | 213 | 286 | 291 | 277 | 217 | 242 | 193 | 173 | 159 | 163 | 169 | 150 | 193 | 132 |
Depreciation & Amortization | 143 | 139 | 136 | 128 | 117 | 120 | 128 | 134 | 118 | 123 | 160 | 125 | 123 | 123 | 120 | 119 | 118 | 122 | 123 | 122 |
Stock-Based Compensation | 28 | 22 | 22 | 22 | 19 | 17 | 22 | 18 | 14 | 12 | 11 | 14 | 12 | 10 | 11 | 10 | 10 | 10 | 12 | 10 |
Other Adjustments | -10 | -10 | 3 | -12 | -12 | -10 | -8 | -11 | -12 | -9 | -12 | -12 | -14 | -9 | -16 | -12 | -12 | -10 | -25 | -12 |
Change in Receivables | 76 | -305 | 332 | -125 | -17 | -226 | 58 | 54 | -267 | 121 | 19 | -64 | -99 | -51 | -13 | -84 | -48 | 93 | -111 | 64 |
Changes in Inventories | -7 | -28 | 46 | -48 | -151 | -29 | -2 | 5 | -35 | -85 | 143 | 47 | -60 | -188 | 33 | -145 | -119 | -137 | -9 | -40 |
Changes in Accounts Payable | 0 | 20 | -42 | 2 | 61 | 13 | -17 | -6 | 48 | 45 | -8 | -45 | -52 | 47 | 74 | 47 | 137 | 48 | 68 | -41 |
Changes in Accrued Expenses | -135 | 12 | 60 | 84 | -95 | -13 | 63 | 108 | -103 | -137 | - | 85 | 6 | -79 | 71 | 130 | -27 | -66 | 95 | 27 |
Changes in Income Taxes Payable | 51 | 62 | -61 | 68 | -45 | 44 | -12 | 19 | -32 | 46 | 7 | 24 | -5 | -25 | -36 | 11 | 16 | 16 | -33 | 10 |
Changes in Unearned Revenue | -6 | -64 | 145 | -13 | -17 | 31 | 200 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in Other Operating Activities | -93 | -12 | 22 | 22 | 42 | -83 | 22 | 22 | - | -59 | - | 9 | 11 | -26 | - | -35 | 19 | -65 | -87 | -28 |
Operating Cash Flow | 441 | 199 | 992 | 367 | 209 | 191 | 723 | 542 | 235 | 334 | 686 | 425 | 115 | -25 | 410 | 204 | 263 | 161 | 314 | 244 |
Operating Cash Flow Growth (YoY) | 111.00% | 4.19% | 37.21% | -32.29% | -11.06% | -42.81% | 5.39% | 27.53% | 104.35% | - | 67.32% | 108.33% | -56.27% | - | 30.57% | -16.39% | 17.94% | -44.86% | -3.65% | 6.32% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -62 | -46 | -122 | -55 | -39 | -44 | -84 | -46 | -46 | -31 | -77 | -39 | -38 | -32 | -67 | -32 | -30 | -20 | -52 | -23 |
Sale of Property, Plant & Equipment | - | - | 2 | - | - | - | 0 | -7 | 8 | 12 | 2 | 0 | - | - | 1 | 0 | 0 | 2 | 17 | 0 |
Cash Acquisitions | 0 | -1,062 | -765 | -1,734 | -21 | - | -155 | -13 | - | - | -81 | -4 | - | - | -20 | 0 | - | - | -30 | 0 |
Proceeds from Business Divestments | - | - | 5 | - | - | - | 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | 7 | 3 | - | - | 6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -55 | -1,105 | -860 | -1,789 | -54 | -44 | -237 | -49 | -38 | -19 | -156 | -43 | -261 | -32 | -86 | -32 | -99 | -18 | -65 | -23 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | 903 | 1,682 | 851 | 1,668 | 1,993 | 196 | 386 | 69 | 836 | 967 | 1,212 | 1,387 | 1,662 | 1,302 | 1,520 | 1,151 | 1,404 | 2,012 | 1,062 | 1,321 |
Long-Term Debt Repaid | -866 | -670 | -602 | -1,168 | -1,262 | -192 | -388 | -73 | -836 | -1,025 | -1,219 | -1,712 | -1,442 | -1,148 | -1,643 | -1,258 | -1,399 | -1,817 | -1,061 | -1,321 |
Net Long-Term Debt Issued (Repaid) | 37 | 1,012 | 249 | 500 | 731 | 4 | -2 | -4 | 0 | -58 | -7 | -325 | 220 | 154 | -123 | -107 | 5 | 195 | 1 | 0 |
Repurchase of Common Stock | -215 | -242 | -75 | 0 | -50 | -98 | -123 | -599 | -200 | -175 | -157 | 0 | -74 | -178 | -73 | -1 | -103 | -296 | -100 | -199 |
Net Common Stock Issued (Repurchased) | -215 | -242 | -75 | 0 | -50 | -98 | -123 | -599 | -200 | -175 | -157 | 0 | -74 | -178 | -73 | -1 | -103 | -296 | -100 | -199 |
Common Dividends Paid | -53 | -53 | -43 | -43 | -44 | -43 | -34 | -35 | -35 | -36 | -31 | -30 | -31 | -31 | -28 | -28 | -27 | -28 | -23 | -23 |
Other Financing Activities | -17 | -61 | -7 | 2 | -11 | -35 | -3 | 0 | 2 | -20 | -115 | 2 | -1 | -17 | 12 | -3 | 2 | -4 | 8 | 2 |
Financing Cash Flow | -248 | 656 | 124 | 453 | 626 | -172 | -162 | -686 | -234 | -289 | -310 | -353 | 102 | -72 | -313 | -139 | -123 | -133 | -220 | -220 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 1 | -8 | 5 | -2 | 20 | 8 | -19 | 8 | -7 | -7 | 8 | -8 | -2 | 5 | 16 | -20 | -28 | 5 | -12 | 1 |
Net Cash Flow | 139 | -258 | 261 | -971 | 801 | -17 | 305 | -185 | -44 | 19 | 228 | 21 | -46 | -124 | 27 | 13 | 13 | 15 | 17 | 2 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 379 | 153 | 870 | 312 | 170 | 147 | 639 | 496 | 189 | 303 | 609 | 386 | 77 | -57 | 343 | 172 | 233 | 141 | 262 | 221 |
Free Cash Flow Growth (YoY) | 122.94% | 4.08% | 36.15% | -37.10% | -10.05% | -51.48% | 4.93% | 28.50% | 145.46% | - | 77.55% | 124.42% | -66.95% | - | 30.92% | -22.17% | 19.49% | -46.79% | -9.22% | 11.39% |
FCF Margin | 11.92% | 5.19% | 29.34% | 10.81% | 6.28% | 5.63% | 24.74% | 18.63% | 7.15% | 12.13% | 24.11% | 15.14% | 3.20% | -2.60% | 14.87% | 8.27% | 11.38% | 7.32% | 12.64% | 11.59% |
Free Cash Flow Per Share | 2.23 | 0.90 | 5.09 | 1.82 | 0.99 | 0.86 | 3.72 | 2.85 | 1.07 | 1.71 | 3.41 | 2.15 | 0.43 | -0.32 | 1.89 | 0.95 | 1.28 | 0.76 | 1.40 | 1.18 |
Levered Free Cash Flow | 323 | 1,457 | 635 | 998 | 940 | 365 | 508 | 515 | 239 | 116 | 433 | 121 | 396 | 143 | 230 | 148 | 285 | 242 | 296 | 158 |
Unlevered Free Cash Flow | 349.69 | 483.15 | 433.57 | 549.61 | 228.57 | 402.85 | 548.5 | 563.61 | 275.01 | 216.39 | 463.7 | 485.81 | 217.49 | 24.93 | 382.01 | 291.05 | 310.55 | 77.25 | 321.82 | 190.68 |