Ashland Inc. (ASH)
NYSE: ASH · Real-Time Price · USD
74.37
+0.43 (0.58%)
Aug 28, 2026, 4:00 PM EDT - Market closed
Ashland Cash Flow Statement
Financials in millions USD. Fiscal year is October - September.
Millions USD. Fiscal year is Oct - Sep.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Net Income | 52 | -845 | 169 | 178 | 927 | 220 |
Depreciation & Amortization | 185 | 196 | 217 | 243 | 241 | 244 |
Other Amortization | 8 | 7 | 6 | 6 | 7 | 7 |
Loss (Gain) From Sale of Assets | -6 | 161 | 107 | -8 | -42 | -18 |
Asset Writedown & Restructuring Costs | 6 | 747 | 68 | 4 | - | 13 |
Loss (Gain) From Sale of Investments | - | - | - | - | 86 | -33 |
Loss (Gain) on Equity Investments | - | - | - | - | - | 1 |
Stock-Based Compensation | 16 | 14 | 15 | 22 | 18 | 15 |
Other Operating Activities | 24 | 45 | -347 | -93 | -808 | -65 |
Change in Accounts Receivable | -3 | -3 | 96 | 58 | -23 | 72 |
Change in Inventory | -28 | -28 | 79 | -7 | -141 | 41 |
Change in Accounts Payable | -63 | -63 | 56 | -112 | 34 | 3 |
Change in Other Net Operating Assets | 145 | -97 | -4 | 3 | -107 | -36 |
Operating Cash Flow | 291 | 94 | 411 | 243 | -213 | 560 |
Operating Cash Flow Growth | 117.16% | -77.13% | 69.14% | - | - | 175.86% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -85 | -98 | -137 | -170 | -113 | -105 |
Sale of Property, Plant & Equipment | 9 | 16 | - | 11 | 51 | 5 |
Cash Acquisitions | - | - | - | - | - | -309 |
Divestitures | 2 | 16 | 26 | - | - | 14 |
Investment in Securities | 2 | 2 | - | - | - | - |
Other Investing Activities | 91 | 61 | 60 | 50 | 1,618 | 14 |
Investing Cash Flow | 19 | -3 | -51 | -109 | 1,556 | -381 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | - | - | - | 16 | - | 84 |
Long-Term Debt Issued | - | - | - | - | - | 450 |
Total Debt Issued | - | - | - | 16 | - | 534 |
Short-Term Debt Repaid | - | - | -16 | - | -365 | - |
Long-Term Debt Repaid | - | - | - | - | -250 | -411 |
Total Debt Repaid | - | - | -16 | - | -615 | -411 |
Net Debt Issued (Repaid) | - | - | -16 | 16 | -615 | 123 |
Repurchase of Common Stock | - | -103 | -385 | -311 | -209 | -457 |
Common Dividends Paid | -76 | -76 | -78 | -76 | -70 | -70 |
Other Financing Activities | -2 | - | - | - | -2 | -22 |
Financing Cash Flow | -78 | -179 | -479 | -371 | -896 | -426 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 1 | 3 | 2 | 8 | -11 | 3 |
Net Cash Flow | 233 | -85 | -117 | -229 | 436 | -244 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 206 | -4 | 274 | 73 | -326 | 455 |
Free Cash Flow Growth | 543.75% | - | 275.34% | - | - | 550.00% |
Free Cash Flow Margin | 11.18% | -0.22% | 12.97% | 3.33% | -13.63% | 21.55% |
Free Cash Flow Per Share | 4.55 | -0.09 | 5.48 | 1.35 | -5.82 | 7.46 |
Levered Free Cash Flow | 269.13 | 22.88 | 420.75 | 88 | 690 | -145.25 |
Unlevered Free Cash Flow | 299.88 | 54 | 447.88 | 115.75 | 721.75 | -109.13 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 54 | 54 | 52 | 53 | 56 | 62 |
Cash Income Tax Paid | 33 | 33 | 53 | 47 | 67 | 1 |
Change in Working Capital | 51 | -191 | 227 | -58 | -237 | 80 |