Otis Worldwide Corporation cash flow statement OTIS

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Otis Worldwide Corporation generated $1.6 billion of cash from operations, up 2.1% from the year before. It spent $152.0 million on capital expenditures. That left free cash flow of $1.4 billion. The company returned $647.0 million in dividends and $809.0 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
Operating
Depreciation and amortization
—
113
-5.8%
120
-4.8%
126
+6.8%
118
+1.7%
116
+16.0%
100
Stock-based compensation
74
-11.9%
80
+9.6%
73
+14.1%
64
-4.5%
67
+3.1%
65
+3.2%
63
Operating cash flow
1,834
+24.8%
1,596
+2.1%
1,563
-3.9%
1,627
+4.3%
1,560
-10.9%
1,750
+18.2%
1,480
Investing
Capital expenditures
161
+10.3%
152
+20.6%
126
-8.7%
138
+20.0%
115
-26.3%
156
-14.8%
183
Investing cash flow
-285
+13.6%
-406
-147.6%
-164
+10.4%
-183
-454.5%
-33
+62.9%
-89
+74.8%
-353
Financing
Debt issued
700
-64.9%
500
-66.6%
1,497
+100.4%
747
0
-100.0%
2,030
-67.8%
6,300
Debt repaid
135
1,300
0
-100.0%
534
+6.8%
500
0
-100.0%
1,000
Short-term debt issued
—
167
—
—
—
—
647
Dividends paid
662
+3.6%
647
+6.8%
606
+12.4%
539
+15.9%
465
+18.3%
393
+51.2%
260
Stock buybacks
807
-20.6%
809
-19.7%
1,007
+25.9%
800
-5.9%
850
+17.2%
725
—
Financing cash flow
-1,528
-39.3%
-2,421
-683.5%
-309
+77.1%
-1,350
+63.0%
-3,652
-6396.6%
58
+106.9%
-844
Change in cash
Effect of exchange rate
4
+119.0%
15
+130.6%
-49
-444.4%
-9
+94.3%
-157
-265.1%
-43
-172.9%
59
Net change in cash
25
+19.0%
-1,216
-216.8%
1,041
+1124.7%
85
+103.7%
-2,282
-236.2%
1,676
+390.1%
342
Free cash flow
1,673
+26.5%
1,444
+0.5%
1,437
-3.5%
1,489
+3.0%
1,445
-9.3%
1,594
+22.9%
1,297
Per share
Free cash flow per share
4.32
+29.8%
3.66
+2.9%
3.55
-1.1%
3.59
+5.1%
3.42
-7.5%
3.69
+23.8%
2.98
Dividend per share
1.72
+6.2%
1.65
+9.3%
1.51
+15.3%
1.31
+18.0%
1.11
+20.7%
0.92
+53.3%
0.60
Shareholder returns
Returned to shareholders
1,469
1,456
1,613
1,339
1,315
1,118
260
Share of free cash flow
87.81%
100.83%
112.25%
89.93%
91.00%
70.14%
20.05%
Ratios
Free cash flow margin
11.05%
10.01%
10.08%
10.48%
10.56%
11.15%
10.17%
Capital expenditures to revenue
1.06%
1.05%
0.88%
0.97%
0.84%
1.09%
1.43%
Stock-based compensation to revenue
0.49%
0.55%
0.51%
0.45%
0.49%
0.45%
0.49%
Cash conversion
1.18x
1.15x
0.95x
1.16x
1.25x
1.40x
1.63x
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
Electronic & Other Electrical Equipment (No Computer Equip) (SIC 3600)
Listed as
OTIS (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Farmington, CT
SEC filer status
Large accelerated filer
SEC CIK
1781335

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.