CARRIER GLOBAL Corp
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
View on SEC.govAbout this filing
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 30, 2025 · Filed Oct 28, 2025
CARR$53.01-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statement of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (In millions) | 2025 | 2024 |
| Operating Activities | ||
| Net earnings (loss) | $1,525 | $3,139 |
| Discontinued operations, net of tax | (4) | (1,897) |
| Adjustments for non-cash items, net: | ||
| Depreciation and amortization | 945 | 914 |
| Deferred income tax provision | (316) | (296) |
| Stock-based compensation costs | 55 | 65 |
| Equity method investment net earnings | (182) | (187) |
| (Gain) loss on extinguishment of debt | — | (88) |
| (Gain) loss on sale of investments | (17) | (2) |
| Changes in operating assets and liabilities | ||
| Accounts receivable, net | (490) | (135) |
| Inventories, net | (528) | 76 |
| Accounts payable and accrued liabilities | 170 | (258) |
| Distributions from equity method investments | 105 | 36 |
| Other operating activities, net | (187) | (159) |
| Net cash flows provided by (used in) continuing operating activities | 1,076 | 1,208 |
| Net cash flows provided by (used in) discontinued operating activities | 397 | (777) |
| Net cash flows provided by (used in) operating activities | 1,473 | 431 |
| Investing Activities | ||
| Capital expenditures | (261) | (302) |
| Investment in businesses, net of cash acquired | (92) | (10,873) |
| Dispositions of businesses | 8 | — |
| Settlement of derivative contracts, net | 120 | (187) |
| Other investing activities, net | (7) | 31 |
| Net cash flows provided by (used in) continuing investing activities | (232) | (11,331) |
| Net cash flows provided by (used in) discontinued investing activities | 35 | 6,217 |
| Net cash flows provided by (used in) investing activities | (197) | (5,114) |
| Financing Activities | ||
| Increase (decrease) in short-term borrowings, net | 387 | 37 |
| Issuance of long-term debt | 32 | 2,586 |
| Repayment of long-term debt | (1,209) | (4,530) |
| Repurchases of common stock | (2,413) | (431) |
| Dividends paid on common stock | (583) | (514) |
| Dividends paid to non-controlling interest | (81) | (72) |
| Other financing activities, net | (18) | (15) |
| Net cash flows provided by (used in) continuing financing activities | (3,885) | (2,939) |
| Net cash flows provided by (used in) discontinued financing activities | — | (11) |
| Net cash flows provided by (used in) financing activities | (3,885) | (2,950) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 63 | (18) |
| Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale | (2,546) | (7,651) |
| Less: Change in cash balances classified as assets held for sale | — | (36) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | (2,546) | (7,615) |
| Cash, cash equivalents and restricted cash, beginning of period | 3,972 | 9,853 |
| Cash, cash equivalents and restricted cash, end of period | 1,426 | 2,238 |
| Less: restricted cash | 3 | 14 |
| Cash and cash equivalents, end of period | $1,423 | $2,224 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.