Dow Inc. (DOW)

Dow Inc. Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-2,599	-2,444	1,201	660	4,640	6,405
Depreciation & Amortization	2,839	2,834	2,894	2,611	2,758	2,842
Other Adjustments	1,994	1,870	429	825	874	-731
Change in Receivables	-157	73	-224	1,161	1,187	-2,132
Changes in Inventories	-11	-52	-529	844	347	-1,768
Changes in Accounts Payable	-486	-999	278	-734	-1,255	2,458
Changes in Other Operating Activities	485	-250	-1,135	-171	-1,076	-65
Operating Cash Flow	2,065	1,032	2,914	5,196	7,475	7,009
Operating Cash Flow Growth	-18.73%	-64.59%	-43.92%	-30.49%	6.65%	12.58%
Capital Expenditures	-2,445	-2,636	-3,143	-2,578	-2,020	-2,287
Sale of Property, Plant & Equipment	140	139	234	95	32	68
Purchases of Investments	-1,137	-913	-1,837	-2,293	-1,514	-1,366
Proceeds from Sale of Investments	925	1,147	2,536	2,023	810	811
Payments for Business Acquisitions	-	-	-125	-114	-228	-129
Other Investing Activities	127	137	-33	-61	-50	-10
Investing Cash Flow	-2,173	-2,126	-2,368	-2,928	-2,970	-2,914
Short-Term Debt Issued	57	64	143	-	-	144
Short-Term Debt Repaid	-61	-63	-17	-	-14	-130
Net Short-Term Debt Issued (Repaid)	-4	1	126	-	-14	14
Long-Term Debt Issued	1,817	2,778	1,467	104	1,667	109
Long-Term Debt Repaid	-550	-1,461	-267	-446	-1,006	-2,771
Net Long-Term Debt Issued (Repaid)	1,267	1,317	1,200	-342	661	-2,662
Issuance of Common Stock	85	85	166	188	212	320
Repurchase of Common Stock	-	-	-494	-625	-2,325	-1,000
Net Common Stock Issued (Repurchased)	85	85	-328	-437	-2,113	-680
Common Dividends Paid	-1,248	-1,490	-1,966	-1,972	-2,006	-2,073
Other Financing Activities	1,399	2,595	-200	-364	111	-670
Financing Cash Flow	2,709	2,508	-1,168	-3,115	-3,361	-6,071
Effect of Exchange Rate Changes on Cash and Cash Equivalents	79	275	-163	-45	-237	-99
Net Cash Flow	2,680	1,689	-785	-892	907	-2,075
Free Cash Flow	-380	-1,604	-229	2,618	5,455	4,722
Free Cash Flow Growth	-	-	-	-52.01%	15.52%	-4.88%
FCF Margin	-0.97%	-4.01%	-0.53%	5.87%	9.59%	8.59%
Free Cash Flow Per Share	-0.53	-2.25	-0.32	3.69	7.52	6.30
Levered Free Cash Flow	-1,204	-2,408	807	219	3,983	4,843
Unlevered Free Cash Flow	-1,212	-2,756	-282.37	1,554	3,008	7,377

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q