Westinghouse Air Brake Technologies Corporation (WAB) quarterly cash flow statement — complete operating, investing & financing history
Westinghouse Air Brake Technologies Corporation (WAB) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 455M | 441M | 199M | 992M | 367M | 209M | 191M | 723M | 542M | 235M | 334M | 686M | 425M | 115M | -25M | 410M | 204M | 263M | 161M | 313.7M |
| Operating CF Margin % | 14.58% | 13.87% | 6.75% | 33.46% | 12.72% | 7.72% | 7.32% | 27.99% | 20.35% | 8.89% | 13.38% | 27.16% | 16.67% | 4.78% | -1.14% | 17.78% | 9.8% | 12.84% | 8.36% | 15.14% |
| Operating CF Growth % | 23.98% | 111% | 4.19% | 37.21% | -32.29% | -11.06% | -42.81% | 5.39% | 27.53% | 104.35% | 1436% | 67.32% | 108.33% | -56.27% | -115.53% | 30.7% | -16.36% | 17.83% | -44.9% | -3.65% |
| Net Income | 411M | 396M | 363M | 204M | 313M | 339M | 327M | 220M | 286M | 289M | 272M | 215M | 242M | 193M | 173M | 159M | 163M | 169M | 150M | 188.6M |
| Depreciation & Amortization | -282M | 143M | 151M | 128M | -215M | 105M | 110M | 118M | 123M | 106M | 112M | 160M | 112M | 109M | 111M | 106M | 105M | 105M | 110M | 108.6M |
| Stock-Based Compensation | -50M | 28M | 22M | 22M | -36M | 19M | 17M | 22M | 18M | 17M | 12M | 11M | 14M | 12M | 10M | 11M | 10M | 10M | 10M | 11.8M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81M | 0 | 0 | -58M | -126M | -121M | 0 | 0 | 0 | 0 | 0 | 88M |
| Other Non-Cash Items | 39M | -104M | -22M | 60M | 391M | -32M | 0 | 46M | -81M | -1M | 7M | -10M | 127M | 121M | 3M | 34M | 3M | 1M | 2M | -6.4M |
| Working Capital Changes | 337M | -22M | -315M | 578M | -86M | -222M | -263M | 317M | 115M | -176M | -69M | 368M | 56M | -199M | -322M | 100M | -76M | -22M | -111M | -76.9M |
| Change in Receivables | -113M | 76M | -305M | 332M | -125M | -17M | -226M | 58M | 54M | -267M | 121M | 19M | 45M | -99M | -51M | -13M | -84M | 45M | 93M | -110.9M |
| Change in Inventory | -65M | -7M | -28M | 46M | -48M | -151M | -29M | -2M | 5M | -35M | -85M | 143M | 47M | -60M | -188M | 33M | -145M | -119M | -137M | -8.7M |
| Change in Payables | 47M | 0 | 20M | -42M | 2M | 61M | 13M | -17M | -6M | 48M | 45M | -8M | -45M | -52M | 47M | 74M | 47M | 137M | 48M | 67.9M |
| Cash from Investing | -83M | -55M | -1.1B | -860M | -1.79B | -54M | -44M | -237M | -49M | -38M | -19M | -156M | -43M | -261M | -32M | -86M | -32M | -99M | -18M | -64.7M |
| Capital Expenditures | 108M | -62M | -46M | -122M | 83M | -39M | -44M | -84M | -46M | -46M | -31M | -77M | -39M | -38M | -32M | -67M | -32M | -30M | -20M | -51.5M |
| CapEx % of Revenue | 3.46% | 1.95% | 1.56% | 4.11% | 2.88% | 1.44% | 1.69% | 3.25% | 1.73% | 1.74% | 1.24% | 3.05% | 1.53% | 1.58% | 1.46% | 2.91% | 1.54% | 1.46% | 1.04% | 2.48% |
| Acquisitions | 1.06B | 0 | -1.06B | -758M | -1.74B | -15M | 0 | -153M | 4M | 0 | 0 | -81M | -4M | -223M | 0 | -20M | 0 | -69M | 2M | -29.9M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.25B | 7M | 3M | 20M | -132M | 0 | 0 | 0 | -7M | 8M | 12M | 2M | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 16.7M |
| Cash from Financing | -555M | -248M | 656M | 124M | 453M | 626M | -172M | -162M | -686M | -234M | -289M | -310M | -353M | 102M | -72M | -313M | -139M | -123M | -133M | -219.7M |
| Debt Issued (Net) | 0 | 37M | 1.01B | 249M | 500M | 731M | 4M | -2M | -4M | -4M | -58M | -7M | -325M | 220M | 154M | -123M | -107M | 5M | 195M | 1.7M |
| Equity Issued (Net) | 0 | -215M | -242M | -75M | 148M | -50M | -98M | -123M | -599M | -200M | -175M | -157M | -1M | -74M | -178M | -73M | -1M | -103M | -298M | -99.7M |
| Dividends Paid | -106M | -53M | -53M | -43M | -43M | -44M | -43M | -34M | -35M | -35M | -36M | -31M | -30M | -31M | -31M | -28M | -28M | -27M | -28M | -23.1M |
| Share Repurchases | 457M | -215M | -242M | -75M | 148M | -50M | -98M | -123M | -599M | -200M | -175M | -157M | -1M | -74M | -178M | -73M | -1M | -103M | -296M | -99.7M |
| Other Financing | -449M | -17M | -61M | -7M | -152M | -11M | -35M | -3M | -48M | 5M | -20M | -115M | 2M | -13M | -17M | -89M | -3M | 2M | -2M | -98.6M |
| Net Change in Cash | -181M | 139M | -258M | 261M | -971M | 801M | -17M | 305M | -185M | -44M | 19M | 228M | 21M | -46M | -124M | 27M | 13M | 13M | 15M | 16.6M |
| Free Cash Flow | 563M | 379M | 153M | 870M | 450M | 170M | 147M | 639M | 496M | 189M | 303M | 609M | 386M | 77M | -57M | 343M | 172M | 233M | 141M | 262.2M |
| FCF Margin % | 18.04% | 11.92% | 5.19% | 29.34% | 15.59% | 6.28% | 5.63% | 24.74% | 18.63% | 7.15% | 12.13% | 24.11% | 15.14% | 3.2% | -2.6% | 14.87% | 8.27% | 11.38% | 7.32% | 12.65% |
| FCF Growth % | 25.11% | 122.94% | 4.08% | 36.15% | -9.27% | -10.05% | -51.49% | 4.93% | 28.5% | 145.45% | 631.58% | 77.55% | 124.42% | -66.95% | -140.43% | 30.82% | -22.14% | 19.98% | -46.93% | -8.93% |
| FCF per Share | 3.34 | 2.23 | 0.90 | 5.09 | 2.63 | 0.99 | 0.86 | 3.72 | 2.85 | 1.07 | 1.71 | 3.41 | 2.15 | 0.43 | -0.32 | 1.88 | 0.95 | 1.28 | 0.76 | 1.41 |
| FCF Conversion (FCF/Net Income) | 1.11x | 1.12x | 0.55x | 4.91x | 1.18x | 0.62x | 0.59x | 3.41x | 1.92x | 0.81x | 1.23x | 3.19x | 1.77x | 0.60x | -0.15x | 2.59x | 1.28x | 1.58x | 1.08x | 1.65x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |