For the quarter ending 2026-03-28, TDG had $1,356M increase in cash & cash equivalents over the period. $64M in free cash flow.
| Cash Flow | 2026-03-28 | 2025-12-27 | 2025-09-30 | 2025-06-28 |
|---|---|---|---|---|
| Net income | 536 | 445 | 609 | 493 |
| Depreciation | 44 | 44 | 42 | 40 |
| Amortization of intangible assets and product certification costs | 61 | 56 | 54 | 52 |
| Amortization of debt issuance costs and original issue discount | 12 | 11 | 10 | 9 |
| Amortization of inventory step-up | - | - | 1 | 2 |
| Amortization of loss contract reserves | - | - | 13 | 8 |
| Refinancing costs | - | - | 4 | 7 |
| Gain on sale of businesses, net | 0 | 0 | -7 | -2 |
| Non-cash stock and deferred compensation expense | 26 | 27 | 33 | 51 |
| Deferred income taxes | 0 | 1 | 7 | 1 |
| Foreign currency exchange losses | - | - | 1 | -21 |
| Gain on settlement of the esterline retirement plan (the erp) | - | - | 0 | - |
| Cash refund for the erp settlement, net | - | - | 0 | - |
| Trade accounts receivable | 159 | -94 | 86 | 60 |
| Inventories | 49 | 96 | -11 | 44 |
| Income taxes receivable | -99 | 70 | 7 | 6 |
| Other assets | 37 | 16 | 49 | 18 |
| Accounts payable | 40 | -25 | 37 | 3 |
| Accrued interest | -194 | 270 | -172 | 68 |
| Accrued and other liabilities | -46 | -47 | 20 | 8 |
| Net cash provided by operating activities | 135 | 832 | 507 | 631 |
| Capital expenditures | 71 | 60 | 66 | 58 |
| Acquisition of businesses, net of cash acquired | 93 | 907 | 180 | 99 |
| Other investing transactions, net | 0 | 6 | 0 | 46 |
| Net cash used in investing activities | -164 | -973 | -246 | -158 |
| Proceeds from exercise of stock options | 54 | 29 | 19 | 58 |
| Dividends and dividend equivalent payments | 0 | 59 | 5,233 | 0 |
| Repayments of senior subordinated notes, net | - | - | 0 | 2,650 |
| Repurchases of common stock | 615 | 106 | 0 | 131 |
| Proceeds from issuance of senior secured notes, net | - | - | 494 | 0 |
| Repayments of senior secured notes | - | - | 0 | 0 |
| Proceeds from issuance of senior subordinated notes, net | 1,189 | - | 1,983 | 2,615 |
| Proceeds from term loans, net | 791 | - | 6,015 | 0 |
| Proceeds from trade receivable securitization facility, net | 0 | 0 | 75 | 0 |
| Repayment on term loans | 28 | - | 3,578 | 22 |
| Financing costs and other, net | -1 | -5 | -6 | 1 |
| Net cash provided by (used in) financing activities | 1,390 | -141 | -231 | -129 |
| Effect of exchange rate changes on cash and cash equivalents | -5 | 2 | -14 | 22 |
| Net increase (decrease) in cash and cash equivalents | 1,356 | -280 | 16 | 366 |
| Cash and cash equivalents, beginning of period | 2,528 | 2,808 | 2,792 | 6,261 |
| Cash and cash equivalents, end of period | 3,884 | 2,528 | 2,808 | 2,792 |
TransDigm Group INC (TDG)
TransDigm Group INC (TDG)