$TT
Trane Technologies plc

2024 Q2 Form 10-Q Financial Statement

#000146625824000159 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $5.307B $4.216B
YoY Change 12.81% 15.0%
Cost Of Revenue $3.372B $2.756B
YoY Change 8.06% 9.25%
Gross Profit $1.936B $1.460B
YoY Change 22.16% 27.67%
Gross Profit Margin 36.47% 34.63%
Selling, General & Admin $901.3M $826.1M
YoY Change 28.94% 20.3%
% of Gross Profit 46.57% 56.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.20M $91.50M
YoY Change 8.82% 14.66%
% of Gross Profit 4.97% 6.27%
Operating Expenses $901.3M $826.1M
YoY Change 28.94% 20.3%
Operating Profit $1.034B $633.8M
YoY Change 16.81% 38.75%
Interest Expense $57.50M -$68.30M
YoY Change -198.29% -218.58%
% of Operating Profit 5.56% -10.78%
Other Income/Expense, Net -$4.100M -$14.80M
YoY Change -93.22% 57.45%
Pretax Income $972.6M $550.7M
YoY Change 26.91% 41.28%
Income Tax $205.8M $105.5M
% Of Pretax Income 21.16% 19.16%
Net Earnings $755.3M $436.3M
YoY Change 28.85% 42.07%
Net Earnings / Revenue 14.23% 10.35%
Basic Earnings Per Share $3.33 $1.92
Diluted Earnings Per Share $3.30 $1.90
COMMON SHARES
Basic Shares Outstanding 226.4M shares 227.1M shares
Diluted Shares Outstanding 228.7M shares 229.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.326B $849.9M
YoY Change 99.79% 22.66%
Cash & Equivalents $874.6M $849.9M
Short-Term Investments $451.2M
Other Short-Term Assets $751.4M $249.4M
YoY Change 64.85% -42.3%
Inventory $2.204B $2.383B
Prepaid Expenses
Receivables $3.925B $3.405B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.714B $6.887B
YoY Change 15.57% 13.37%
LONG-TERM ASSETS
Property, Plant & Equipment $1.828B $1.788B
YoY Change 10.46% 13.02%
Goodwill $6.058B $6.060B
YoY Change 5.4% 9.73%
Intangibles $3.352B $3.391B
YoY Change -1.1% 4.94%
Long-Term Investments
YoY Change
Other Assets $1.248B $1.215B
YoY Change -13.35% -18.25%
Total Long-Term Assets $12.49B $12.45B
YoY Change 2.07% 5.34%
TOTAL ASSETS
Total Short-Term Assets $7.714B $6.887B
Total Long-Term Assets $12.49B $12.45B
Total Assets $20.20B $19.34B
YoY Change 6.84% 8.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.180B $2.008B
YoY Change 0.15% 2.33%
Accrued Expenses $2.965B $1.823B
YoY Change 3.44% -15.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0M
YoY Change -100.0%
Long-Term Debt Due $952.0M $802.1M
YoY Change 173.33% 130.29%
Total Short-Term Liabilities $6.592B $6.102B
YoY Change 17.86% 26.3%
LONG-TERM LIABILITIES
Long-Term Debt $4.316B $3.979B
YoY Change -3.58% -11.23%
Other Long-Term Liabilities $1.034B $1.672B
YoY Change -44.6% 37.19%
Total Long-Term Liabilities $5.350B $5.651B
YoY Change -15.65% -0.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.592B $6.102B
Total Long-Term Liabilities $5.350B $5.651B
Total Liabilities $13.23B $12.45B
YoY Change 4.62% 5.14%
SHAREHOLDERS EQUITY
Retained Earnings $9.195B $9.104B
YoY Change 8.87% 11.0%
Common Stock $250.4M $251.2M
YoY Change -0.95% -0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.719B $1.719B
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $6.947B $6.890B
YoY Change
Total Liabilities & Shareholders Equity $20.20B $19.34B
YoY Change 6.84% 8.07%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $755.3M $436.3M
YoY Change 28.85% 42.07%
Depreciation, Depletion And Amortization $96.20M $91.50M
YoY Change 8.82% 14.66%
Cash From Operating Activities $695.9M $247.2M
YoY Change 32.81% 2808.24%
INVESTING ACTIVITIES
Capital Expenditures $72.90M $83.80M
YoY Change 28.12% 8.69%
Acquisitions
YoY Change
Other Investing Activities -$472.0M $2.100M
YoY Change -5.43% -84.89%
Cash From Investing Activities -$544.9M -$81.70M
YoY Change -2.0% -10.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -117.6M -386.7M
YoY Change -615.79% -15.79%
NET CHANGE
Cash From Operating Activities 695.9M 247.2M
Cash From Investing Activities -544.9M -81.70M
Cash From Financing Activities -117.6M -386.7M
Net Change In Cash 33.40M -221.2M
YoY Change -463.04% -58.07%
FREE CASH FLOW
Cash From Operating Activities $695.9M $247.2M
Capital Expenditures $72.90M $83.80M
Free Cash Flow $623.0M $163.4M
YoY Change 33.38% -338.19%

Facts In Submission

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StandardProductWarrantyAccrualWarrantiesIssued
53000000.0 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2800000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1400000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
384100000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
167000000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
157600000 usd
CY2024Q1 us-gaap Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
129900000 usd
CY2023Q4 us-gaap Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
123800000 usd

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0001466258-24-000159.txt Edgar Link pending
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