Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Trane Technologies plc, consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings	1,774,700)	1,436,600)	870,000)	1,428,500)	1,357,500)
Discontinued operations, net of tax	21,500)	20,600)	121,400)	(40,600)	21,500)
Depreciation and amortization	323,600)	299,400)	294,300)	397,400)	361,500)
Pension and other postretirement benefits	55,600)	50,800)	68,800)	110,200)	104,200)
Stock settled share-based compensation	56,300)	66,500)	69,500)	66,400)	78,800)
Other non-cash items, net	17,100)	(36,400)	(1,500)	54,000)	(129,200)
Accounts and notes receivable	(345,400)	(265,400)	5,900)	(53,200)	(236,000)
Inventories	(466,700)	(348,800)	109,000)	18,400)	(169,900)
Other current and noncurrent assets	(116,800)	(153,800)	29,700)	(229,500)	35,300)
Accounts payable	317,900)	275,300)	75,800)	80,600)	120,700)
Other current and noncurrent liabilities	60,900)	249,600)	123,300)	124,100)	(69,900)
Changes in other assets and liabilities, net of the effects of acquisitions	(550,100)	(243,100)	343,700)	(59,600)	(319,800)
Adjustments for non-cash transactions	(97,500)	137,200)	774,800)	568,400)	95,500)
Net cash provided by operating activities	1,698,700)	1,594,400)	1,766,200)	1,956,300)	1,474,500)
Capital expenditures	(291,800)	(223,000)	(146,200)	(254,100)	(365,600)
Acquisitions and equity method investments, net of cash acquired	(234,700)	(269,200)	(182,800)	(1,539,700)	(285,200)
Proceeds from sale of property, plant and equipment	9,700)	15,100)	100)	3,800)	22,100)
Deconsolidation of certain entities under Chapter 11	—)	—)	(10,800)	—)	—)
Other investing activities, net	(23,000)	(68,600)	1,200)	10,000)	(700)
Net cash used in investing activities	(539,800)	(545,700)	(338,500)	(1,780,000)	(629,400)
Short-term payments, net	—)	—)	—)	—)	(6,400)
Proceeds from long-term debt	—)	—)	—)	1,497,900)	1,147,000)
Payments of long-term debt	(9,600)	(432,500)	(307,500)	(7,500)	(1,123,000)
Net proceeds from (payments of) debt	(9,600)	(432,500)	(307,500)	1,490,400)	17,600)
Debt issuance costs	(2,100)	(2,700)	(3,600)	(13,100)	(12,000)
Dividends paid to ordinary shareholders	(620,200)	(561,100)	(507,300)	(510,100)	(479,500)
Dividends paid to noncontrolling interests	(14,500)	(14,900)	(18,300)	(15,800)	(41,400)
Proceeds from shares issued under incentive plans	2,600)	78,300)	64,500)	116,800)	68,900)
Repurchase of ordinary shares	(1,200,200)	(1,100,300)	(250,000)	(750,100)	(900,200)
Receipt of (settlement related to) special cash payment	(6,200)	(49,500)	1,900,000)	—)	—)
Other financing activities, net	(2,000)	(44,900)	6,500)	(47,600)	(32,200)
Net cash provided by (used in) financing activities	(1,852,200)	(2,127,600)	884,300)	270,500)	(1,378,800)
Net cash used in discontinued operating activities	(194,700)	(6,100)	(331,200)	(36,800)	(66,700)
Net cash used in discontinued investing activities	(600)	—)	(37,700)	—)	—)
Net cash used in discontinued activities	(195,300)	(6,100)	(368,900)	(36,800)	(66,700)
Effect of exchange rate changes on cash and cash equivalents	(50,100)	(45,700)	68,200)	(9,800)	(45,600)
Net increase (decrease) in cash and cash equivalents	(938,700)	(1,130,700)	2,011,300)	400,200)	(646,000)
Cash and cash equivalents, beginning of period	2,159,200)	3,289,900)	1,278,600)	903,400)	1,549,400)
Cash and cash equivalents, end of period	1,220,500)	2,159,200)	3,289,900)	1,303,600)	903,400)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Trane Technologies plc net cash provided by operating activities decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Trane Technologies plc net cash used in investing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Trane Technologies plc net cash provided by (used in) financing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

Trane Technologies plc (NYSE:TT)

Cash Flow Statement