Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow$28.0M in Q3 2026 · −$92.0M over twelve months
Operating cash flow$121M
Capital spending−$93.0M
Free cash flow+$28.0M
Cash conversion cycle0 days
Analysis
In Q3 2026, Whirlpool generated $121M of operating cash flow and spent $93.0M on capital projects, leaving free cash flow of $28.0M. That is $80.0M more than in Q3 2025 (−$52.0M).
Over the twelve months to Sep 30, 2026, operating cash flow was $313M; the largest uses were net borrowing (+) / repaid (−) ($702M), capital spending ($405M), dividends ($133M); besides operations, cash came from other financing ($567M), shares issued ($524M); the cash balance rose by $169M.
Operating cash flow was $121M against net income of −$238M. The largest differences: payables +$209M, depreciation & amortization +$105M, receivables −$87.0M.
Its cash conversion cycle was 0 days (receivables 32 + inventory 65 − payables 96).
Free cash flow
Operating cash flow less capital spending.Latest (Q3 2026): Operating cash flow $121M, Capital spending $93.0M.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $5.8B; the largest uses were acquisitions ($3.1B) and capital spending ($2.5B). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$1.1B
Debt$6.2B
Net debt$5.1B
Due within a year$586M
Whirlpool's operations bring cash in ($313M over twelve months), and it spends more than that on capital projects: a gap of $92.0M funded from its $1.1B of cash and investments and from borrowing ($6.2B of debt, $586M due within a year). That is a choice to invest, not a cash runway running down.
Principal due in each year as disclosed in the annual report, against $1.1B of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q3 2026
32
65
96
0
Q2 2026
31
66
96
1
Q1 2026
33
72
110
-4
Q4 2025
32
64
96
1
Q3 2025
34
69
95
8
Q2 2025
34
72
101
4
Q1 2025
34
66
105
-5
Q4 2024
33
57
93
-3
Every quarter
Quarter
Operating cash flow
Capital spending
Dividends
Net borrowing (+) / repaid (−)
Shares issued
Cash drawn (+) / kept (−)
Free cash flow
Q3 2026
$121M
−$93.0M
−$13.0M
−$213M
—
$136M
$28.0M
Q2 2026
−$120M
−$94.0M
−$10.0M
−$294M
—
−$613M
−$214M
Q1 2026
−$827M
−$68.0M
−$58.0M
−$40.0M
$1.1B
$43.0M
−$895M
Q4 2025
$1.1B
−$150M
−$52.0M
−$1.1B
—
$265M
$989M
Q3 2025
$33.0M
−$85.0M
−$54.0M
−$28.0M
—
$135M
−$52.0M
Q2 2025
$19.0M
−$82.0M
−$97.0M
$193M
—
−$45.0M
−$63.0M
Q1 2025
−$721M
−$72.0M
−$97.0M
$599M
—
$251M
−$793M
Q4 2024
$1.1B
−$136M
−$97.0M
−$602M
—
−$191M
$970M
Whirlpool: income statement and cash flow
Whirlpool, Q3 2026: revenue $3.7B (-9% year over year), operating margin 0.1%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.