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Filing Flows › Industries › Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip › Capital spending and supply chain

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: capital spending and supply chain

SIC 3585 · 4 companies with filed cash-flow statements

Capital spending, 12 months$1.0B
Operating cash flow$6.9B
Capex / cash flow15%
Capex / revenue1.8%
Top 3 share100%

Analysis

4 companies in Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (SIC 3585) spent $1.0B on capital projects over their latest twelve months, 15% of the $6.9B their operations generated; the three largest spenders — CARR, JCI, LII — account for 100%.

Capital spending is 1.8% of the industry's $55.9B of annual revenue.

By the industry's asset mix most of it goes to equipment (50%); about $189M is imported.

The largest supplier of that spending is manufacturing structures ($263M).

Its largest supplying industries, by the input-output tables: imports ($5.2B), other motor vehicle parts manufacturing ($2.6B), other durable goods merchant wholesalers ($1.9B).

Charts

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: capital spending by company, latest twelve monthsAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: capital spending by company, latest twelve monthsCARR$481MJCI$372MLII$154MTGEN$242K
Filed cash-flow statements (SEC XBRL).
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: what the capital spending buys (US part)Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: what the capital spending buys (US part)Structures$270MEquipment$386MSoftware$67.3MOther$51.7M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: the industries that build and sell what it buysAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: the industries that build and sell what it buysManufacturing structures$263MMachine tool manufacturing$59.4MCutting and machine tool accessor…$40.8MSpecial tool, die, jig, and fixtu…$40.4MSoftware publishers$37.6MMaterial handling equipment manuf…$31.9MAir conditioning, refrigeration, …$29.7MOther general purpose machinery m…$23.0MMeasuring, dispensing, and other …$18.7MOther commercial and service indu…$18.6M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: its first-tier supplying industriesAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: its first-tier supplying industriesImports$5.2BOther motor vehicle parts manufac…$2.6BOther durable goods merchant whol…$1.9BAir conditioning, refrigeration, …$1.1BMotor vehicle metal stamping$1.1BManagement of companies and enter…$972MIron and steel mills and ferroall…$887MMotor vehicle and motor vehicle p…$879MTurned product and screw, nut, an…$776MMachinery, equipment, and supplies$648M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: where the industry's cash came from (+) and went (−)Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip: where the industry's cash came from (+) and went (−)Buybacks−$7.6BOperating cash flow$7.0BNot reconciled (in)$4.4BDividends−$2.0BNet debt repaid−$1.7BCapital spending−$1.0BOther investing (out)−$955MOther financing (in)$941MSales of assets & businesses$644MNet borrowing$416MCash drawn from the balance s…$150MAcquisitions−$133MPaid to partners−$96.0MOther investing (in)$66.1M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
CARR Carrier Global$481M$2.9B17%TTM to Q3 2026
JCI Johnson Controls International$372M$3.0B12%TTM to Q2 FY26
LII Lennox International$154M$989M16%TTM to Q3 2026
TGEN Tecogen$242K−$11.6M—TTM to Q2 2026

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.