Income StatementBalance SheetCash FlowSegments
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Carrier Global Cash Flow Statement

Operating, investing, and financing cash movements

Carrier Global generated $2.1B in operating cash flow over the trailing twelve months. After $423.0M in capital expenditures, free cash flow was $1.7B. Free cash flow increased 2.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.1BNet Cash From Investing (TTM)-$349.0MNet Cash From Financing (TTM)-$2.1BCapital Expenditures (TTM)$423.0MDepreciation And Amortization (TTM)$1.3BNet Change In Cash (TTM)-$416.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$55.5B
P/E Ratio42.37
ROE9.36%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$17.0M$12.0M$49.0M$31.0M$15.0M$23.0M
Capital expenditures$217.0M$63.0M$81.0M$117.0M$131.0M$94.0M
Net cash from investing activities—-$23.0M-$55.0M-$119.0M-$110.0M-$65.0M
Proceeds from sale of businesses$634.0M$8.0M$0.0$0.0$19.0M$8.0M
Net cash used for investing activities from discontinued operations—$7.0M$28.0M$0.0$1.0M$0.0
Payments for (Proceeds from) Derivative Instrument, Investing Activities$77.0M-$36.0M-$51.0M-$33.0M—-$35.0M
Payment for (Proceeds from) Other Investing Activity—-$1.0M$4.0M$4.0M-$31.0M-$9.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$345.0M$481.0M-$103.0M-$208.0M-$389.0M$351.0M
Change in inventories-$216.0M$301.0M$111.0M$116.0M—$138.0M
Change in receivables—$362.0M$340.0M-$212.0M—$509.0M
Deferred income taxes-$56.0M-$69.0M-$89.0M-$158.0M-$85.0M-$179.0M
Depreciation and amortization$318.0M$303.0M$317.0M$325.0M$329.0M$315.0M
Realized Gain (Loss) on Disposal of Equity Method Investment$320.0M$5.0M$12.0M$0.0—$3.0M
Net cash from operating activities$132.0M$483.0M$649.0M$341.0M$1.0B$79.0M
Net income$2.6B$437.0M$633.0M$455.0M$62.0M$265.0M
Net cash provided by operating activities from discontinued operations—-$5.0M$385.0M$17.0M$27.0M$13.0M
Distributions of earnings from equity method investees$10.0M$77.0M$4.0M$24.0M$96.0M$12.0M
Equity Method Investments and Deconsolidation, Realized Gain (Loss)$80.5M$8.0M$8.0M$8.0M$8.0M—
Net income from discontinued operations$2.6B$0.0-$17.0M$21.0M$25.0M-$1.0M
Equity in earnings (losses) of equity method investees$44.0M$44.0M$78.0M$60.0M$47.0M$31.0M
Other Noncash Income (Expense)$198.0M$52.0M-$5.0M$140.0M-$229.0M$39.0M
Stock-based compensation costs—$23.0M$21.0M$11.0M$19.0M$21.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$826.0M$9.0M$6.0M$17.0M$16.0M$22.0M
Repayments of debt$815.0M$1.2B$3.0M$1.0M$3.0M$16.0M
Distributions to noncontrolling interests$12.0M$0.0$9.0M$72.0M$20.0M$1.0M
Dividends paid$156.0M$198.0M$192.0M$193.0M$189.0M$201.0M
Net cash from financing activities-$1.7B-$2.7B-$547.0M-$591.0M-$787.0M-$141.0M
Repurchases of common stock$1.5B$1.3B$340.0M$785.0M$479.0M$306.0M
Cash from (used for) financing activities – discontinued operations—$0.0$0.0$0.0$0.0$0.0
Cash Provided by (Used in) Financing Activity, Continuing Operation—-$2.7B-$547.0M-$591.0M-$787.0M-$141.0M
Other, net-$15.0M-$16.0M-$1.0M-$1.0M$0.0-$10.0M
Proceeds from (Repayments of) Short-Term Debt$13.0M-$49.0M-$8.0M$444.0M—$371.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow—$420.0M$568.0M$224.0M$909.0M-$15.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$85.0M$17.0M$51.0M-$5.0M$13.0M-$13.0M
Net increase (decrease) in cash—-$2.3B$98.0M-$374.0M$0.0-$140.0M
Increase (decrease) in cash, cash equivalents, and restricted cash—-$2.3B$98.0M-$374.0M$0.0-$183.0M
Less: Net increase (decrease) in cash classified within assets held for sale-$284.0M$0.0$0.0$0.0$25.0M$43.0M