Carrier Global Cash Flow Statement
NYSE: CARRIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Carrier Global free cash flow
In fiscal 2025, Carrier Global generated $2.51 billion of operating cash flow and spent $392.0 million on capital expenditures. That left free cash flow of $2.12 billion, a free-cash-flow margin of 9.8% of revenue. Free cash flow was up 4720.5% from the prior year's $44.0 million.
Carrier Global returned $3.66 billion to shareholders: $772.0 million in dividends and $2.89 billion in share repurchases, equal to 173% of free cash flow. Free cash flow covered dividend payments 2.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Carrier Global cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 1.59B | 5.71B | 1.44B | 3.58B | 1.70B | 2.01B | 2.15B | 2.77B |
| Net Income growth (YoY) | -72.20% | +296.39% | -59.82% | +110.70% | -15.20% | -6.91% | -22.17% | — |
| Depreciation & Amortization | 1.27B | 1.23B | 491.00M | 328.00M | 338.00M | 336.00M | 335.00M | 357.00M |
| Stock-Based Compensation | 74.00M | 98.00M | 81.00M | 77.00M | 92.00M | 77.00M | 52.00M | 44.00M |
| Change in Working Capital | -398.00M | 339.00M | 460.00M | -108.00M | 364.00M | 95.00M | -383.00M | -257.00M |
| Operating Cash Flow | 2.51B | 563.00M | 2.61B | 1.74B | 2.24B | 1.69B | 2.06B | 2.06B |
| Capital Expenditures | -392.00M | -519.00M | -439.00M | -317.00M | -344.00M | -312.00M | -243.00M | -263.00M |
| Investing Cash Flow | -307.00M | -2.02B | -660.00M | 1.75B | -692.00M | 1.11B | -259.00M | 415.00M |
| Dividends Paid | -772.00M | -670.00M | -620.00M | -509.00M | -417.00M | -138.00M | 0 | 0 |
| Share Repurchases | -2.89B | -1.94B | -62.00M | -1.38B | -527.00M | 0 | 0 | — |
| Debt Issued | 48.00M | 3.41B | 5.61B | 432.00M | 140.00M | 11.78B | 107.00M | 117.00M |
| Debt Repaid | -1.21B | -5.34B | -111.00M | -1.27B | -704.00M | -1.91B | -138.00M | 0 |
| Financing Cash Flow | -4.67B | -4.64B | 4.61B | -2.93B | -1.56B | -681.00M | -1.98B | -2.63B |
| Net Change in Cash | -2.39B | -6.20B | 6.65B | 501.00M | -33.00M | 2.16B | -177.00M | -196.00M |
| Free Cash Flow | 2.12B | 44.00M | 2.17B | 1.43B | 1.89B | 1.38B | 1.82B | 1.79B |
This table shows 8 annual periods of Carrier Global's cash flow statement, from FY 2025 back to FY 2018, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CARR's reporting calendar. What is a cash flow statement?