Ashland Inc. (ASH)

Ashland Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	-692	-845	169	178	927	220
Depreciation & Amortization	234	237	274	243	241	244
Stock-Based Compensation	14	14	15	22	18	15
Other Adjustments	806.5	919	-223	-91	-756	-108
Changes in Other Operating Activities	16	-191	227	-58	-237	80
Operating Cash Flow	194	94	411	243	-213	560
Operating Cash Flow Growth	-	-77.13%	69.14%	-	-	175.86%
Capital Expenditures	-89	-98	-137	-170	-113	-105
Sale of Property, Plant & Equipment	20	16	-	11	51	-
Purchases of Investments	-61	-54	-53	-47	-87	-149
Proceeds from Sale of Investments	63	56	53	47	87	149
Payments for Business Acquisitions	-	-	-	-	-	-309
Proceeds from Business Divestments	8	16	26	-	3	14
Other Investing Activities	20.5	21	9	-1	1,215	75
Investing Cash Flow	0.5	-3	-51	-109	1,556	-381
Short-Term Debt Issued	25	-	-16	16	-365	84
Net Short-Term Debt Issued (Repaid)	25	-	-16	16	-365	84
Long-Term Debt Issued	-	-	-	-	-	450
Long-Term Debt Repaid	-	-	-	-	-250	-427
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-250	23
Repurchase of Common Stock	-100	-100	-380	-300	-200	-450
Net Common Stock Issued (Repurchased)	-100	-100	-380	-300	-200	-450
Common Dividends Paid	-76	-76	-78	-76	-70	-70
Other Financing Activities	-3.5	-3	-5	-11	-11	-13
Financing Cash Flow	-178	-179	-479	-371	-896	-426
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2.5	3	2	8	-11	3
Net Cash Flow	85	-85	-117	-229	436	-244
Free Cash Flow	105	-4	274	73	-326	455
Free Cash Flow Growth	-	-	275.34%	-	-	550.00%
FCF Margin	5.82%	-0.22%	12.97%	3.33%	-13.63%	21.55%
Free Cash Flow Per Share	2.27	-0.09	5.48	1.35	-5.82	7.46
Levered Free Cash Flow	-505	-897	517	209	203	546
Unlevered Free Cash Flow	-494.84	-839.45	579.58	195.6	183.59	465.04

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q