TEXTRON INC
For the period ended Apr 4, 2026. Filed Apr 30, 2026.
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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.
Apr 4, 2026 · Filed Apr 30, 2026
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 Three Months Ended April 4, 2026 and March 29, 2025, respectively
| Consolidated | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $220 | $207 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Non-cash items: | ||
| Depreciation and amortization | 96 | 92 |
| Deferred income taxes | 44 | (22) |
| Other, net | 42 | 41 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (61) | 16 |
| Inventories | (289) | (183) |
| Other assets | (104) | (136) |
| Accounts payable | 162 | 171 |
| Other liabilities | (148) | (282) |
| Income taxes, net | (5) | 39 |
| Pension, net | (60) | (59) |
| Captive finance receivables, net | (13) | (13) |
| Other operating activities, net | (1) | 5 |
| Net cash used in operating activities | (117) | (124) |
| Cash flows from investing activities | ||
| Capital expenditures | (133) | (56) |
| Net proceeds from corporate-owned life insurance policies | 1 | 31 |
| Proceeds from sale of property, plant and equipment | 2 | — |
| Finance receivables repaid | 7 | 9 |
| Finance receivables originated | (9) | — |
| Proceeds from the disposition of non-captive assets | 24 | — |
| Other investing activities, net | 4 | 15 |
| Net cash used in investing activities | (104) | (1) |
| Cash flows from financing activities | ||
| Net proceeds from long-term debt | — | 495 |
| Principal payments on long-term debt and nonrecourse debt | (74) | (355) |
| Purchases of Textron common stock | (168) | (215) |
| Proceeds from stock options exercised | 56 | 6 |
| Dividends paid | (3) | (3) |
| Other financing activities, net | (4) | (6) |
| Net cash used in financing activities | (193) | (78) |
| Effect of exchange rate changes on cash and equivalents | (1) | 7 |
| Net decrease in cash and equivalents | (415) | (196) |
| Cash and equivalents at beginning of period | 2,025 | 1,441 |
| Cash and equivalents at end of period | $1,610 | $1,245 |
Consolidated Statements of Cash Flows (Unaudited) (Continued)
For the Three Months Ended April 4, 2026 and March 29, 2025, respectively
| Manufacturing Group | Finance Group | |||
|---|---|---|---|---|
| (In millions) | 2026 | 2025 | 2026 | 2025 |
| Cash flows from operating activities | ||||
| Net income | $210 | $199 | $10 | $8 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||
| Non-cash items: | ||||
| Depreciation and amortization | 96 | 92 | — | — |
| Deferred income taxes | 51 | (23) | (7) | 1 |
| Other, net | 46 | 42 | (4) | (1) |
| Changes in assets and liabilities: | ||||
| Accounts receivable, net | (61) | 16 | — | — |
| Inventories | (289) | (183) | — | — |
| Other assets | (104) | (136) | — | — |
| Accounts payable | 162 | 171 | — | — |
| Other liabilities | (143) | (276) | (5) | (6) |
| Income taxes, net | (14) | 38 | 9 | 1 |
| Pension, net | (60) | (59) | — | — |
| Other operating activities, net | (1) | 5 | — | — |
| Net cash provided by (used in) operating activities | (107) | (114) | 3 | 3 |
| Cash flows from investing activities | ||||
| Capital expenditures | (133) | (56) | — | — |
| Net proceeds from corporate-owned life insurance policies | 1 | 31 | — | — |
| Proceeds from sale of property, plant and equipment | 2 | — | — | — |
| Finance receivables repaid | — | — | 34 | 29 |
| Finance receivables originated | — | — | (49) | (33) |
| Proceeds from the disposition of non-captive assets | — | — | 24 | — |
| Other investing activities, net | — | 15 | 4 | — |
| Net cash provided by (used in) investing activities | (130) | (10) | 13 | (4) |
| Cash flows from financing activities | ||||
| Net proceeds from long-term debt | — | 495 | — | — |
| Principal payments on long-term debt and nonrecourse debt | (74) | (352) | — | (3) |
| Purchases of Textron common stock | (168) | (215) | — | — |
| Proceeds from stock options exercised | 56 | 6 | — | — |
| Dividends paid | (3) | (3) | — | — |
| Other financing activities, net | (4) | (6) | — | — |
| Net cash used in financing activities | (193) | (75) | — | (3) |
| Effect of exchange rate changes on cash and equivalents | (1) | 7 | — | — |
| Net increase (decrease) in cash and equivalents | (431) | (192) | 16 | (4) |
| Cash and equivalents at beginning of period | 1,940 | 1,386 | 85 | 55 |
| Cash and equivalents at end of period | $1,509 | $1,194 | $101 | $51 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.