Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from Debt [USD, Millions]

Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

1d40fe3f975496f50cf0837029b4e0e15253cc804d7217975aef3c6d4448b3cd

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

Interest Expense [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD]

EPS - Diluted [USD]

f9f83aa1d359689919c6dab8d0fb1a211dcda5e83f87c32e5aa960e58e47eb22

Backlog for Aerospace segment (USD millions)

Organic change in backlog for Aerospace segment (percentage)

Organic change in customer orders for Aerospace segment (percentage)

Book-to-bill for Aerospace segment (ratio)

Backlog for Electrical Americas segment (USD millions)

Organic change in backlog for Electrical Americas segment (percentage)

Organic change in customer orders for Electrical Americas segment (percentage)

Book-to-bill for Electrical Americas segment (ratio)

Backlog for Electrical Global segment (USD millions)

Organic change in backlog for Electrical Global segment (percentage)

Organic change in customer orders for Electrical Global segment (percentage)

Book-to-bill for Electrical Global segment (ratio)

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dcd8bd581026f0e1eedb88d65650365639de0948578f8a0e731be653fcb98590

United States

Canada

Latin America

Europe

Asia Pacific

Rest of World

Total Revenue

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275aaaace8c2dc49fdc44c03259d0de001ae0cc9c07c8b90033b28c0202ef84f

770486dbafb6034562bcc5bf9b0a29e832156dcb46ca827f1056e3d2f8d518d5

The **cash spike** in Q2 2024 was primarily driven by **strong operating cash flow**. According to the documents, the company reported **net cash provided by operating activities of $1,421 million**, buoyed by high net income of **$1,816 million** and positive adjustments such as **$452 million** in depreciation and amortization. These operating gains helped lift the cash balance by **$52 million** to **$540 million** compared to the beginning balance of **$488 million**. Although investing and financing activities included significant outflows–for instance, **$(511) million** used in investing and **$(839) million** used in financing activities offset by proceeds from borrowings–the robust operating performance was the key factor behind the cash increase.  **[0001551182-24-000035_etn-20240630.htm:5]** **[0001551182-24-000035_etn-20240630.htm:32]** 

Why did Cash spike in Q2 2024?

The documents do not provide a definitive explanation for what drove the jump in **Q2 2024**. However, one document notes that there was a **decrease in purchases of short-term investments**—**$126 million** in the first six months of 2024 compared to **$719 million** in 2023—which might have contributed to the change in the balance of short-term investments.  **[0001551182-24-000035_etn-20240630.htm:32]**  Additionally, the balance increased from **$2,121 million** at December 31, 2023, to **$2,241 million** by June 30, 2024.  **[0001551182-24-000035_etn-20240630.htm:4]** **[0001551182-24-000033_etn06302024exhibit99.htm:4]** 

What drove the jump in Short-term investments in Q2 2024?

The documents indicate that **the increase in the current portion of long-term debt in Q2 2024** could typically be attributed to factors such as **reclassification of portions of long-term debt that are due within the next 12 months, new debt issuances, or changes in repayment schedules**. However, they do not provide the specific reasons that led to this increase in Q2 2024.  **[0001551182-24-000035_etn-20240630.htm:4]** **[0001551182-24-000033_etn06302024exhibit99.htm:4]** 

What factors contributed to the increase in the current portion of long-term debt in Q2 2024?

The **short-term debt** dropped sharply from **$8 million** in Q4 2023 to **$1 million** in Q1 2024. However, the documents indicate that the company did not provide specific reasons for this change.  **[0001551182-24-000013_etn-20240331.htm:4]** **[0001551182-24-000010_etn03312024exhibit99.htm:4]**  They mentioned that this reduction occurred in the context of Eaton's broader financial strategy, which emphasizes maintaining liquidity through strong operating cash flows, robust cash balances, and ready access to credit. Additionally, no borrowings were outstanding under Eaton's **$3 billion revolving credit facilities** or its **commercial paper program** as of March 31, 2024, suggesting a decreased reliance on short-term debt during the quarter.  **[0001551182-24-000013_etn-20240331.htm:26]** 

Why did Short-term debt drop sharply in Q1 2024?

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Eaton Corporation PLC (ETN)

Financials