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Whirlpool cash flow, quarter by quarter

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

Whirlpool: free cash flow by quarterWhirlpool: free cash flow by quarter$970MQ4 2024−$793MQ1 2025−$63.0MQ2 2025−$52.0MQ3 2025$989MQ4 2025−$895MQ1 2026−$214MQ2 2026$28.0MQ3 2026
Operating cash flow less capital spending.
Whirlpool: operating cash flow against capital spendingWhirlpool: operating cash flow against capital spendingOperating cash flowCapital spending$1.1B$136MQ4 2024−$721M$72.0MQ1 2025$19.0M$82.0MQ2 2025$33.0M$85.0MQ3 2025$1.1B$150MQ4 2025−$827M$68.0MQ1 2026−$120M$94.0MQ2 2026$121M$93.0MQ3 2026
Latest (Q3 2026): Operating cash flow $121M, Capital spending $93.0M.

Capital allocation, year by year

Whirlpool: where the cash came from (up) and went (down), by fiscal yearWhirlpool: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $2.2BFY2021: Net borrowing −$1.0MFY2021: Shares issued $76.0MFY2021: Capital spending −$525MFY2021: Acquisitions −$46.0MFY2021: Buybacks −$1.0BFY2021: Dividends −$338M$2.3BFY2021FY2022: Operating cash flow $1.4BFY2022: Net borrowing $2.5BFY2022: Shares issued $3.0MFY2022: Capital spending −$570MFY2022: Acquisitions −$3.0BFY2022: Buybacks −$903MFY2022: Dividends −$390M$3.9BFY2022FY2023: Operating cash flow $915MFY2023: Net borrowing −$412MFY2023: Shares issued $4.0MFY2023: Capital spending −$549MFY2023: Acquisitions −$14.0MFY2023: Dividends −$384M$919MFY2023FY2024: Operating cash flow $835MFY2024: Net borrowing −$490MFY2024: Capital spending −$451MFY2024: Buybacks −$50.0MFY2024: Dividends −$384M$835MFY2024FY2025: Operating cash flow $470MFY2025: Net borrowing −$310MFY2025: Capital spending −$389MFY2025: Dividends −$300M$470MFY2025
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.

Whirlpool: debt maturities by year (FY2025)Whirlpool: debt maturities by year (FY2025)$586MYear 1$702MYear 2$585MYear 3$695MYear 4$592MYear 5$3.0BAfter year 5
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

Whirlpool: sources (+) and uses (−) of cash, Q3 2026Whirlpool: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)−$213MCash drawn (+) / kept (−)$136MOperating cash flow$121MCapital spending−$93.0MOther investing$68.0MDividends−$13.0MOther financing−$4.0MExchange rates−$2.0M
Whirlpool: sources (+) and uses (−) of cash, TTM to Q3 2026Whirlpool: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)−$702MOther financing$567MShares issued$524MCapital spending−$405MOperating cash flow$313MCash drawn (+) / kept (−)−$169MDividends−$133MExchange rates$13.0MOther investing−$8.0M

From profit to cash

Whirlpool: net income to operating cash flow, Q3 2026Whirlpool: net income to operating cash flow, Q3 2026Net income−$238MDepreciation & amortization$105MStock-based pay$26.0MGains on disposals$23.0MReceivables−$87.0MInventory−$58.0MPayables$209MEmployee-related liabilities−$1.0MIncome taxes payable−$2.0MOther operating capital−$36.0MOperating cash flow$121M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20263265960
Q2 20263166961
Q1 20263372110-4
Q4 20253264961
Q3 20253469958
Q2 202534721014
Q1 20253466105-5
Q4 2024335793-3

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash 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.

Whirlpool: every quarter, Q/Q and Y/Y → Open in the app

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.