PPG Industries Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,576	1,116	1,270	1,026	1,439
Depreciation & Amortization	528	492	514	502	561
Asset Writedown & Restructuring Costs	-52	327	102	179	-56
Stock-Based Compensation	46	42	56	34	57
Other Operating Activities	142	15	64	-309	-251
Change in Accounts Receivable	-190	-181	12	-248	-63
Change in Inventory	-35	-27	145	-177	-279
Change in Accounts Payable	67	-259	151	21	295
Change in Income Taxes	-105	-31	71	143	-64
Change in Other Net Operating Assets	-41	-103	-91	-171	-77
Operating Cash Flow	1,941	1,420	2,411	963	1,562
Operating Cash Flow Growth	36.69%	-41.10%	150.36%	-38.35%	-26.67%
Capital Expenditures	-778	-721	-516	-486	-371
Sale of Property, Plant & Equipment	-	-	-	-	47
Cash Acquisitions	-1	-31	-109	-114	-2,137
Divestitures	43	325	36	117	-
Other Investing Activities	36	534	33	22	57
Investing Cash Flow	-700	107	-556	-461	-2,404
Short-Term Debt Issued	-	-	-	-	190
Long-Term Debt Issued	1,942	274	550	1,116	2,091
Total Debt Issued	1,942	274	550	1,116	2,281
Short-Term Debt Repaid	-	-	-	-439	-
Long-Term Debt Repaid	-1,039	-300	-1,400	-300	-1,454
Total Debt Repaid	-1,039	-300	-1,400	-739	-1,454
Net Debt Issued (Repaid)	903	-26	-850	377	827
Repurchase of Common Stock	-790	-752	-86	-190	-210
Common Dividends Paid	-628	-622	-598	-570	-536
Other Financing Activities	-30	-25	-16	-26	12
Financing Cash Flow	-545	-1,425	-1,550	-409	93
Foreign Exchange Rate Adjustments	197	-325	110	1	-72
Miscellaneous Cash Flow Adjustments	-	-	-5	-3	-
Net Cash Flow	893	-223	410	91	-821
Free Cash Flow	1,163	699	1,895	477	1,191
Free Cash Flow Growth	66.38%	-63.11%	297.27%	-59.95%	-34.77%
Free Cash Flow Margin	7.33%	4.41%	11.67%	3.06%	7.09%
Free Cash Flow Per Share	5.12	2.98	7.99	2.01	4.97
Cash Interest Paid	210	247	213	156	140
Cash Income Tax Paid	438	653	488	436	491
Levered Free Cash Flow	538.88	1,049	1,820	336.13	931.75
Unlevered Free Cash Flow	689.5	1,200	1,974	440.5	1,007
Change in Working Capital	-304	-601	288	-432	-188

Source: S&P Global Market Intelligence. Standard template. Financial Sources.