← Trane Technologies plc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net earnings | $1.5b |
$1.3b
-12.09%
|
$1.4b
+3.44%
|
$1.4b
+5.23%
|
$870.0m
-39.10%
|
$1.4b
+65.13%
|
$1.8b
+23.53%
|
$2.0b
+15.04%
|
$2.6b
+26.83%
|
$2.9b
+13.37%
|
— | |
| Net Income (Loss) Attributable to Parent | $1.5b |
$1.3b
-11.76%
|
$1.3b
+2.69%
|
$1.4b
+5.48%
|
$854.9m
-39.41%
|
$1.4b
+66.50%
|
$1.8b
+23.40%
|
$2.0b
+15.22%
|
$2.6b
+26.88%
|
$2.9b
+13.66%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $16.5m | $9.7m | $19.9m | $17.6m | — | — | — | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.5b | $1.3b | $1.4b | $1.4b | $870.0m | $1.4b | $1.8b | $2.0b | $2.6b | $2.9b | — | |
| Amortization of Intangible Assets | $132.0m | $132.0m | $139.3m | $171.3m | $115.7m | $123.6m | $142.7m | $165.2m | $180.7m | $164.5m | — | |
| Capitalized Computer Software, Amortization | $35.9m | $28.6m | $25.7m | $25.3m | $50.2m | $45.7m | $42.1m | $36.5m | $38.2m | $34.8m | — | |
| Depreciation | $216.7m | $217.3m | $217.4m | $221.2m | $172.8m | $170.5m | $176.5m | $178.3m | $194.0m | $207.4m | $390.2m | |
| Depreciation, Depletion and Amortization | $352.2m | $353.3m | $361.5m | $397.4m | $172.8m | $170.5m | $176.5m | $178.3m | $194.0m | $207.4m | $390.2m | |
| Depreciation, Amortization and Accretion, Net | $352.2m | $353.3m | $361.5m | $397.4m | $294.3m | $299.4m | $323.6m | $348.1m | $379.4m | $376.3m | $390.2m | |
| Deferred Income Tax Expense (Benefit) | ($33.8m) | ($117.4m) | ($143.8m) | $16.8m | $22.2m | ($25.2m) | $67.8m | ($53.5m) | ($129.1m) | $113.6m | — | |
| Share-based Payment Arrangement, Expense | $69.6m | $73.6m | $80.8m | $71.2m | $75.1m | $72.1m | $55.7m | $67.1m | $85.5m | $88.1m | $90.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | $70.8m | $78.8m | $66.4m | $69.5m | $66.5m | $56.3m | $64.3m | $82.9m | $86.6m | $90.8m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | ($52.2m) | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $398.0m | $397.8m | $397.8m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | $4.1m | $1.1m | ($23.3m) | ($92.2m) | ($19.9m) | ($62.1m) | — | |
| Other Nonoperating Income (Expense) | $389.7m | ($31.6m) | ($36.4m) | ($33.0m) | $24.3m | $9.4m | ($4.0m) | ($67.5m) | ($20.1m) | ($20.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | ($26.8m) | $112.4m | $169.9m | ($18.4m) | ($109.0m) | $348.8m | $466.7m | $96.4m | ($162.5m) | $84.8m | ($84.8m) | |
| Inventories | $26.8m | ($112.4m) | ($169.9m) | $18.4m | $109.0m | ($348.8m) | ($466.7m) | ($96.4m) | $162.5m | ($84.8m) | ($84.8m) | |
| Accounts payable | $103.6m | $167.2m | $120.7m | $80.6m | $75.8m | $275.3m | $317.9m | ($125.3m) | $100.9m | ($2.6m) | ($2.6m) | |
| Other current and noncurrent assets | ($24.5m) | ($206.8m) | $35.3m | ($229.5m) | $29.7m | ($153.8m) | ($116.8m) | ($152.3m) | ($162.4m) | ($304.8m) | — | |
| Other current and noncurrent liabilities | ($43.1m) | $228.2m | $62.4m | $124.1m | $123.3m | $249.6m | $60.9m | $411.3m | $318.5m | $171.8m | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | ($19.9m) | ($44.7m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.5b |
$1.5b
+1.55%
|
$1.4b
-7.59%
|
$1.9b
+36.35%
|
$1.4b
-25.24%
|
$1.6b
+10.68%
|
$1.5b
-5.31%
|
$2.4b
+58.88%
|
$3.1b
+31.64%
|
$3.2b
+1.55%
|
$3.9b
+22.44%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $182.7m | $221.3m | $365.6m | $254.1m | $146.2m | $223.0m | $291.8m | $300.7m | $370.6m | $383.0m | ($330.3m) | |
| Proceeds from sale of property, plant and equipment | $9.5m | $1.5m | $22.1m | $3.8m | $100k | $15.1m | $9.7m | $9.2m | $4.7m | $20.6m | $20.6m | |
| Payments to Acquire Short-Term Investments | — | — | — | — | — | — | $0 | $0 | ($450.0m) | $0 | — | |
| Proceeds from Sale, Maturity and Collection of Short-Term Investments | — | — | — | — | — | — | $0 | $0 | $450.0m | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $9.2m | $157.6m | $285.2m | $1.5b | $182.8m | $269.2m | $234.7m | $862.8m | $180.3m | $276.0m | ($740.8m) | |
| Payment for (Proceeds from) Other Investing Activity | — | $2.7m | ($700k) | $10.0m | $1.2m | ($68.6m) | ($23.0m) | ($17.9m) | ($16.7m) | ($1.6m) | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $10.0m | ($1.2m) | $68.6m | $23.0m | $17.9m | $16.7m | $1.6m | — | |
| Net cash (used in) provided by continuing investing activities | $240.1m | ($374.7m) | ($629.4m) | ($1.8b) | ($338.5m) | ($545.7m) | ($539.8m) | ($1.2b) | ($562.9m) | — | — | |
| Net cash (used in) provided by discontinued investing activities | — | — | ($67.5m) | ($1.5b) | ($37.7m) | $0 | ($600k) | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $240.1m | ($374.7m) | ($629.4m) | ($1.8b) | ($376.2m) | ($545.7m) | ($540.4m) | ($1.2b) | ($562.9m) | ($640.0m) | ($1.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Debt issuance costs | ($2.1m) | ($200k) | ($12.0m) | ($13.1m) | ($3.6m) | ($2.7m) | ($2.1m) | ($6.4m) | ($4.6m) | ($2.0m) | — | |
| Net proceeds (repayments) in debt | ($150.7m) | ($11.7m) | $17.6m | $1.5b | ($307.5m) | ($432.5m) | ($9.6m) | ($57.3m) | ($9.0m) | ($159.1m) | — | |
| Other short-term borrowings (net) | ($150.7m) | ($11.7m) | ($6.4m) | $0 | $0 | $0 | $0 | ($1.9m) | $0 | $0 | — | |
| Payments of long-term debt | $0 | $0 | ($1.1b) | ($7.5m) | ($307.5m) | ($432.5m) | ($9.6m) | ($754.6m) | ($507.5m) | ($159.1m) | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $0 | $1.1b | $1.5b | $0 | $0 | $0 | $699.2m | $498.5m | $0 | $0 | |
| Proceeds from long-term debt | $0 | $0 | $1.1b | $1.5b | $0 | $0 | $0 | $699.2m | $498.5m | $0 | — | |
| Repayments of Long-term Debt | $0 | $0 | $1.1b | $7.5m | $307.5m | $432.5m | $9.6m | $754.6m | $507.5m | $159.1m | ($401.8m) | |
| Payments for Repurchase of Common Stock | $250.1m | $1.0b | $900.2m | $750.1m | $250.0m | $1.1b | $1.2b | $669.3m | $1.3b | $1.5b | — | |
| Payments of Ordinary Dividends, Common Stock | $348.6m | $430.1m | $479.5m | $510.1m | $507.3m | $561.1m | $620.2m | $683.7m | $757.5m | $837.3m | ($880.5m) | |
| Dividends paid to ordinary shareholders | ($349) | ($430) | ($480) | ($510) | ($507) | ($561) | ($620) | ($684) | ($758) | ($837) | ($880.5m) | |
| Proceeds from (Payments for) Other Financing Activities | ($2.5m) | ($27.7m) | ($32.2m) | ($47.6m) | $6.5m | ($44.9m) | ($2.0m) | $0 | ($2.3m) | ($2.0m) | — | |
| Cash Provided by (Used in) Financing Activity, Discontinued Operation | — | — | ($2.9m) |
($1.5m)
+48.28%
|
$0
+100.00%
|
$0 | — | — | — | — | — | |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation | ($726.9m) |
($1.4b)
-97.07%
|
($1.4b)
+3.75%
|
$270.5m
+119.62%
|
$884.3m
+226.91%
|
($2.1b)
-340.60%
|
($1.9b)
+12.94%
|
($1.4b)
+27.10%
|
($2.0b)
-49.64%
|
($2.5b)
-23.52%
|
— | |
| Net cash (used in) provided by continuing financing activities | ($705.2m) |
($1.4b)
-103.13%
|
($1.4b)
+3.75%
|
$270.5m
+119.62%
|
$884.3m
+226.91%
|
($2.1b)
-340.60%
|
— | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($705.2m) |
($1.4b)
-103.13%
|
($1.4b)
+3.75%
|
$270.5m
+119.62%
|
$884.3m
+226.91%
|
($2.1b)
-340.60%
|
($1.9b)
+12.94%
|
($1.4b)
+27.10%
|
($2.0b)
-49.64%
|
($2.5b)
-23.52%
|
($2.1b)
+15.76%
|
|
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | — | — | ($646.0m) | $400.2m | $2.0b | ($1.1b) | ($938.7m) | ($125.2m) | $494.8m | $173.2m | $1.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($646.0m) | $400.2m | $2.0b | ($1.1b) | ($938.7m) | ($125.2m) | $494.8m | $173.2m | $1.3b | |
| Cash and cash equivalents - beginning of period | $1.7b | $1.5b | $903.4m | $1.3b | $3.3b | $2.2b | $1.2b | $1.1b | $1.6b | $1.8b | — | |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | — | — | — | — | $3.3b | $2.2b | $1.2b | $1.1b | $1.6b | $1.8b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($646.0m) | $400.2m | $2.0b | ($1.1b) | $1.2b | $1.1b | $1.6b | $1.8b | $1.3b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($50.1m) | $7.7m | ($67.3m) | $114.5m | ($18.3m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($57.2m) | $118.4m | ($45.6m) | ($9.8m) | $68.2m | ($45.7m) | ($50.1m) | $7.7m | ($67.3m) | $114.5m | ($18.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Accounts and notes receivable | ($101.3m) | ($156.7m) | ($236.0m) | ($53.2m) | $5.9m | ($265.4m) | ($345.4m) | ($110.1m) | ($180.6m) | ($61.2m) | — | |
| Acquisition of businesses, net of cash acquired | ($9.2m) | ($157.6m) | ($285.2m) | ($1.5b) | ($182.8m) | ($269.2m) | ($234.7m) | ($862.8m) | ($180.3m) | ($276.0m) | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | $24.9m | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | $15.0m | — | — | — | — | |
| Discontinued operations, net of tax | ($32.9m) | $25.4m | $21.5m | $40.6m | ($121.4m) | ($20.6m) | ($21.5m) | ($27.2m) | ($24.7m) | ($37.0m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.0m) | ($8.8m) | ($17.6m) | ($12.3m) | ($10.0m) | ($10.7m) | ($17.9m) | ($20.1m) | ($24.1m) | ($15.4m) | — | |
| Goodwill | $5.7b | $5.9b | $6.0b | $6.8b | $5.3b | $5.5b | $5.5b | $6.1b | $6.1b | $6.5b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $1.4b | $1.3b | $1.4b | $1.4b | $977.2m | $1.4b | $1.8b | $2.1b | $2.6b | $3.0b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.5b | $1.3b | $1.4b | $1.4b | $991.4m | $1.5b | $1.8b | $2.1b | $2.6b | $3.0b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $32.9m | ($25.4m) | ($21.5m) | $40.6m | ($122.3m) | ($20.6m) | ($21.5m) | ($27.2m) | ($24.7m) | ($37.0m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $32.9m | ($25.4m) | ($21.5m) | $40.6m | ($121.4m) | ($20.6m) | ($21.5m) | ($27.2m) | ($24.7m) | ($37.0m) | — | |
| Income Tax Expense (Benefit) | $281.5m | $80.2m | $281.3m | $353.7m | $296.8m | $333.5m | $375.9m | $498.4m | $627.6m | $705.9m | — | |
| Income Taxes Paid, Net | $334.3m | $286.7m | $375.4m | $425.3m | $151.6m | $356.9m | $321.3m | $523.6m | $710.5m | $647.1m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $169.7m | $170.4m | $200.6m | $220.9m | $243.5m | $234.9m | $218.0m | $217.4m | $233.3m | $222.0m | — | |
| Interest, net of amounts capitalized | $169.7m | $170.4m | $200.6m | $220.9m | $243.5m | $234.9m | $218.0m | $217.4m | $233.3m | $222.0m | — | |
| Investment Income, Interest | $8.0m | $9.4m | $6.4m | $3.1m | — | — | — | — | — | — | — | |
| Other, net | ($2.5m) | ($27.7m) | ($32.2m) | ($47.6m) | $6.5m | ($44.9m) | ($2.0m) | $0 | ($2.3m) | ($2.0m) | — | |
| Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash | — | $113.0m | $104.2m | $110.2m | $68.8m | $50.8m | $55.6m | $51.0m | $40.6m | $34.8m | — | |
| Proceeds from Stock Options Exercised | $62.9m | $76.7m | $68.9m | $116.8m | $64.5m | $78.3m | $2.6m | $79.3m | $46.9m | $12.6m | — | |
| Proceeds shares issued under incentive plans | $62.9m | $76.7m | $68.9m | $116.8m | $64.5m | $78.3m | $2.6m | $79.3m | $46.9m | $12.6m | — | |
| Repurchase of ordinary shares | ($250.1m) | ($1.0b) | ($900.2m) | ($750.1m) | ($250.0m) | ($1.1b) | ($1.2b) | ($669.3m) | ($1.3b) | ($1.5b) | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $5.0m | ($31.2m) | — | |
| Settlement related to special cash payment | — | — | — | — | — | $49.5m | $6.2m | $0 | $0 | — | — | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.