TEXTRON INC
For the period ended Sep 27, 2025. Filed Oct 23, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Oct 23, 2025
TXT$86.82+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
For the Nine Months Ended September 27, 2025 and September 28, 2024, respectively
| Consolidated | ||
|---|---|---|
| (In millions) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Income from continuing operations | $687 | $684 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | ||
| Non-cash items: | ||
| Depreciation and amortization | 289 | 279 |
| Deferred income taxes | 124 | (18) |
| Gain on business disposition | (4) | — |
| Other, net | 101 | 88 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (126) | (21) |
| Inventories | (437) | (471) |
| Other assets | (5) | 170 |
| Accounts payable | 262 | 77 |
| Other liabilities | (46) | (77) |
| Income taxes, net | (39) | 5 |
| Pension, net | (174) | (169) |
| Captive finance receivables, net | (30) | 4 |
| Other operating activities, net | 11 | 18 |
| Net cash provided by operating activities of continuing operations | 613 | 569 |
| Net cash used in operating activities of discontinued operations | (1) | (1) |
| Net cash provided by operating activities | 612 | 568 |
| Cash flows from investing activities | ||
| Capital expenditures | (210) | (211) |
| Net proceeds from corporate-owned life insurance policies | 77 | 27 |
| Net proceeds from business disposition | 16 | — |
| Proceeds from sale of property, plant and equipment | 9 | 3 |
| Net cash used in business acquisitions | (1) | (13) |
| Finance receivables repaid | 22 | 23 |
| Finance receivables originated | (40) | (18) |
| Proceeds from the disposition of non-captive assets | 66 | — |
| Other investing activities, net | 16 | — |
| Net cash used in investing activities | (45) | (189) |
| Cash flows from financing activities | ||
| Net proceeds from long-term debt | 495 | — |
| Principal payments on long-term debt and nonrecourse debt | (367) | (375) |
| Purchases of Textron common stock | (635) | (890) |
| Proceeds from options exercised | 25 | 84 |
| Dividends paid | (11) | (8) |
| Other financing activities, net | (14) | (25) |
| Net cash used in financing activities | (507) | (1,214) |
| Effect of exchange rate changes on cash and equivalents | 21 | 1 |
| Net increase (decrease) in cash and equivalents | 81 | (834) |
| Cash and equivalents at beginning of period | 1,441 | 2,181 |
| Cash and equivalents at end of period | $1,522 | $1,347 |
Consolidated Statements of Cash Flows (Unaudited) (Continued)
For the Nine Months Ended September 27, 2025 and September 28, 2024, respectively
| Manufacturing Group | Finance Group | |||
|---|---|---|---|---|
| (In millions) | 2025 | 2024 | 2025 | 2024 |
| Cash flows from operating activities | ||||
| Income from continuing operations | $655 | $660 | $32 | $24 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | ||||
| Non-cash items: | ||||
| Depreciation and amortization | 289 | 279 | — | — |
| Deferred income taxes | 144 | (17) | (20) | (1) |
| Gain on business disposition | (4) | — | — | — |
| Other, net | 101 | 100 | — | (12) |
| Changes in assets and liabilities: | ||||
| Accounts receivable, net | (126) | (21) | — | — |
| Inventories | (437) | (471) | — | — |
| Other assets | (4) | 170 | (1) | — |
| Accounts payable | 262 | 77 | — | — |
| Other liabilities | (37) | (70) | (9) | (7) |
| Income taxes, net | (51) | 5 | 12 | — |
| Pension, net | (174) | (169) | — | — |
| Other operating activities, net | 11 | 18 | — | — |
| Net cash provided by operating activities of continuing operations | 629 | 561 | 14 | 4 |
| Net cash used in operating activities of discontinued operations | (1) | (1) | — | — |
| Net cash provided by operating activities | 628 | 560 | 14 | 4 |
| Cash flows from investing activities | ||||
| Capital expenditures | (210) | (211) | — | — |
| Net proceeds from corporate-owned life insurance policies | 77 | 27 | — | — |
| Net proceeds from business disposition | 16 | — | — | — |
| Proceeds from sale of property, plant and equipment | 9 | 3 | — | — |
| Net cash used in business acquisitions | (1) | (13) | — | — |
| Finance receivables repaid | — | — | 119 | 99 |
| Finance receivables originated | — | — | (167) | (90) |
| Proceeds from the disposition of non-captive assets | — | — | 66 | — |
| Other investing activities, net | 15 | — | 1 | — |
| Net cash provided by (used in) investing activities | (94) | (194) | 19 | 9 |
| Cash flows from financing activities | ||||
| Net proceeds from long-term debt | 495 | — | — | — |
| Principal payments on long-term debt and nonrecourse debt | (355) | (360) | (12) | (15) |
| Purchases of Textron common stock | (635) | (890) | — | — |
| Proceeds from options exercised | 25 | 84 | — | — |
| Dividends paid | (11) | (8) | — | — |
| Other financing activities, net | (14) | (25) | — | — |
| Net cash used in financing activities | (495) | (1,199) | (12) | (15) |
| Effect of exchange rate changes on cash and equivalents | 21 | 1 | — | — |
| Net increase (decrease) in cash and equivalents | 60 | (832) | 21 | (2) |
| Cash and equivalents at beginning of period | 1,386 | 2,121 | 55 | 60 |
| Cash and equivalents at end of period | $1,446 | $1,289 | $76 | $58 |
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