Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 99

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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 was primarily due to the timing of revenue recognition and billing on our overtime contracts. The decrease in accounts payable was primarily due to the timing of vendor cash disbursements. The increase in contract liabilities was primarily due to the timing of customer milestone payments for in-process engineered to order contracts.

Cash Flows

The following table reflects the major categories of cash flows for the nine month periods ended September 30, 2025 and 2024, respectively.

For the Nine Month Period Ended September 30,20252024Cash flows provided by operating activities$856.7 $870.5 Cash flows used in investing activities(557.9)(2,872.8)Cash flows (used in) from financing activities(726.6)1,782.7 Free cash flow(1)758.6 756.7 

(1)See the “Non-GAAP Financial Measures” section included in this Quarterly Report for a reconciliation to the nearest GAAP measure.

Operating Activities

Cash provided by operating activities decreased $13.8 million to $856.7 million for the nine month period ended September 30, 2025 from $870.5 million in the same nine month period in 2024. This decrease is primarily attributable to an increase in cash used in operating working capital in 2025, compared to 2024, an increase in interest payments for our Senior Notes, and an increase in pension contributions, partially offset by an increase in net income excluding non-cash adjustments, lower tax payments, and lower incentive compensation.

Investing Activities

Cash used in investing activities included capital expenditures of $98.1 million and $113.8 million for the nine month periods ended September 30, 2025 and 2024, respectively. Net cash paid in acquisitions was $459.8 million and $2,759.1 million in the nine month periods ended September 30, 2025 and 2024, respectively.

50

Financing Activities

Cash used in financing activities of $726.6 million for the nine month period ended September 30, 2025 primarily reflected purchases of treasury stock of $703.3 million, cash dividends on common stock of $24.0 million, other financing outflows of $5.9 million, and payments of deferred and contingent acquisition consideration of $6.2 million, partially offset by proceeds from stock option exercises of $12.8 million.

Cash provided by financing activities of $1,782.7 million for the nine month