OTIS · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

Otis Worldwide Corp · 2026-10-29 · Importance 59 · Surprise 48 · No source text

Net cash provided by operating activities was approximately $1.0 billion for the nine months ended September 30, 2026, compared with $779 million in the same 2025 period. The increase primarily reflected higher net income and working-capital movements, including a larger inflow from current contract assets and liabilities and a smaller decrease in accounts payable. These benefits were partly offset by a larger increase in accounts receivable and a decrease in accrued liabilities. UpLift-related net payments were $31 million, versus $77 million in the prior-year period, while Separation-related payments were $63 million versus $92 million.

Key facts

• Otis generated $1.017 billion of operating cash flow in the nine months ended September 30, 2026, compared with $779 million in the same 2025 period. source
• Otis's UpLift-related net payments were approximately $31 million in the nine months ended September 30, 2026, compared with $77 million in the same 2025 period; Separation-related payments were approximately $63 million and $92 million, respectively. source
• Otis's operating cash flow in the nine months ended September 30, 2026 was primarily supported by $1.2 billion of net income, contract asset and liability timing, and refunds received in 2026 from the German tax litigation; it was partly offset by increased receivables and lower accrued liabilities due to Separation-related payments. source
• Otis attributed the year-over-year increase in operating cash flow primarily to higher net income and working-capital changes, including a larger inflow in current contract assets and liabilities and a smaller decrease in accounts payable, partly offset by a larger increase in accounts receivable and a decrease in accrued liabilities. source

Impact estimates