Dow Inc. (DOW)
NYSE: DOW · Real-Time Price · USD
28.85
+0.10 (0.35%)
At close: Jul 28, 2026, 4:00 PM EDT
29.07
+0.22 (0.75%)
After-hours: Jul 28, 2026, 7:50 PM EDT
Dow Inc. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 802 | -445 | -1,477 | 124 | -801 | -290 | -35 | 240 | 458 | 538 | -95 | 327 | 501 | -73 | 647 | 760 | 1,681 | 1,552 | 1,761 | 1,706 |
Depreciation & Amortization | 664 | 719 | 708 | 688 | 724 | 714 | 751 | 741 | 682 | 720 | 657 | 657 | 649 | 648 | 654 | 668 | 684 | 752 | 655 | 725 |
Other Adjustments | 405 | 414 | 1,210 | -104 | 474 | 290 | 234 | -11 | 80 | 126 | 434 | -155 | 87 | 459 | 36 | -8 | -53 | 899 | -397 | 445 |
Change in Receivables | -1,230 | -531 | 473 | 535 | -634 | -301 | 594 | -333 | 115 | -600 | 796 | 209 | 224 | -68 | 864 | 1,090 | -26 | -741 | 90 | -319 |
Changes in Inventories | -458 | -180 | 80 | 26 | 63 | -221 | 147 | -293 | -86 | -297 | 67 | 276 | 338 | 163 | 601 | 654 | -465 | -443 | -266 | -224 |
Changes in Accounts Payable | 796 | 551 | -507 | -480 | -50 | 38 | -323 | 57 | 146 | 398 | 125 | 127 | -355 | -631 | -395 | -929 | -17 | 86 | 971 | 130 |
Changes in Other Operating Activities | 352 | 596 | -203 | 338 | -246 | -139 | -554 | 399 | -559 | -421 | -328 | 217 | -97 | 37 | -329 | -295 | 50 | -502 | -239 | 258 |
Operating Cash Flow | 1,331 | 1,124 | 284 | 1,127 | -470 | 91 | 814 | 800 | 836 | 464 | 1,656 | 1,658 | 1,347 | 535 | 2,078 | 1,940 | 1,854 | 1,603 | 2,575 | 2,721 |
Operating Cash Flow Growth (YoY) | - | 1135.16% | -65.11% | 40.88% | - | -80.39% | -50.84% | -51.75% | -37.94% | -13.27% | -20.31% | -14.54% | -27.35% | -66.63% | -19.30% | -28.70% | -7.49% | - | 57.98% | 53.99% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -659 | -524 | -615 | -606 | -700 | -715 | -813 | -797 | -767 | -766 | -800 | -650 | -631 | -497 | -657 | -508 | -501 | -354 | -1,203 | -435 |
Sale of Property, Plant & Equipment | 54 | 4 | 4 | 4 | 128 | 3 | 198 | 28 | 6 | 2 | 29 | 7 | 2 | 57 | 16 | 11 | 1 | 4 | 53 | 5 |
Purchases of Investments | -584 | -331 | -369 | -319 | -118 | -107 | -431 | -330 | -395 | -681 | -998 | -472 | -658 | -165 | -1,000 | -203 | -157 | -154 | -362 | -444 |
Proceeds from Sale of Investments | 205 | 319 | 311 | 159 | 136 | 416 | 150 | 562 | 651 | 1,173 | 714 | 162 | 633 | 513 | 193 | 178 | 287 | 152 | 156 | 117 |
Cash Acquisitions | - | - | - | - | - | - | -4 | - | - | - | -11 | -49 | -31 | -23 | -174 | -54 | - | - | -22 | 0 |
Other Investing Activities | 12 | 84 | 20 | 122 | -7 | 2 | -12 | -33 | 11 | 1 | -16 | -10 | 0 | -35 | -9 | 0 | -26 | -15 | 0 | -10 |
Investing Cash Flow | -972 | -448 | -669 | -495 | -561 | -401 | -912 | -691 | -494 | -271 | -1,082 | -1,012 | -684 | -150 | -1,631 | -576 | -396 | -367 | -1,379 | -767 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | 12 | 4 | 14 | 13 | 26 | 11 | 29 | 74 | 33 | 7 | 0 | -55 | 55 | - | - | - | - | - | 0 | 72 |
Short-Term Debt Repaid | -30 | -4 | -17 | -5 | -35 | -6 | -11 | -6 | - | - | - | - | - | - | 0 | 0 | 0 | -14 | -130 | 0 |
Net Short-Term Debt Issued (Repaid) | -18 | 0 | -3 | 8 | -9 | 5 | 18 | 68 | 33 | 7 | 0 | -55 | 55 | - | 0 | 0 | 0 | -14 | -130 | 72 |
Long-Term Debt Issued | 29 | 52 | 126 | 1,545 | 94 | 1,013 | 24 | 47 | 15 | 1,381 | 28 | 76 | -13 | 13 | 1,585 | 33 | 33 | 16 | 14 | 27 |
Long-Term Debt Repaid | -160 | -46 | -254 | -93 | -157 | -957 | -43 | -41 | -90 | -93 | -91 | -35 | -164 | -156 | -49 | -30 | -902 | -25 | -133 | -1,213 |
Net Long-Term Debt Issued (Repaid) | -131 | 6 | -128 | 1,452 | -63 | 56 | -19 | 6 | -75 | 1,288 | -63 | 41 | -177 | -143 | 1,536 | 3 | -869 | -9 | -119 | -1,186 |
Issuance of Common Stock | - | - | 85 | - | - | - | 115 | 0 | 9 | 42 | 125 | 8 | 0 | 55 | 113 | 2 | 62 | 35 | 108 | 12 |
Repurchase of Common Stock | - | - | - | - | - | - | 0 | -94 | -200 | -200 | -125 | -125 | -250 | -125 | -125 | -800 | -800 | -600 | -400 | -400 |
Net Common Stock Issued (Repurchased) | - | - | 85 | - | - | - | 115 | -94 | -191 | -158 | 0 | -117 | -250 | -70 | -12 | -798 | -738 | -565 | -292 | -388 |
Common Dividends Paid | -253 | -252 | -251 | -249 | -496 | -494 | -492 | -490 | -491 | -493 | -491 | -492 | -493 | -496 | -495 | -493 | -505 | -513 | -512 | -518 |
Other Financing Activities | -85 | -74 | -136 | 395 | -3 | -88 | -67 | -84 | 29 | -78 | -157 | 126 | -188 | -145 | 123 | -129 | 181 | 84 | -44 | -454 |
Financing Cash Flow | -487 | -320 | -433 | 1,600 | 1,862 | -521 | -445 | -594 | -695 | 566 | -711 | -497 | -1,053 | -854 | 1,152 | -1,417 | -2,079 | -1,017 | -1,097 | -2,474 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -3 | -73 | 16 | 6 | 130 | 123 | -181 | 87 | -15 | -54 | 85 | -32 | -57 | -41 | 24 | -99 | -117 | -45 | -42 | -45 |
Net Cash Flow | -131 | 283 | -802 | 2,238 | 961 | -708 | -724 | -398 | -368 | 705 | -52 | 117 | -447 | -510 | 1,623 | -152 | -738 | 174 | 57 | -565 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 672 | 600 | -331 | 521 | -1,170 | -624 | 1 | 3 | 69 | -302 | 856 | 1,008 | 716 | 38 | 1,421 | 1,432 | 1,353 | 1,249 | 1,372 | 2,286 |
Free Cash Flow Growth (YoY) | - | - | - | 17266.67% | - | - | -99.88% | -99.70% | -90.36% | - | -39.76% | -29.61% | -47.08% | -96.96% | 3.57% | -37.36% | -18.25% | - | 3.00% | 54.67% |
FCF Margin | 5.56% | 6.13% | -3.50% | 5.22% | -11.58% | -5.98% | 0.01% | 0.03% | 0.63% | -2.81% | 8.06% | 9.39% | 6.27% | 0.32% | 11.98% | 10.15% | 8.64% | 8.18% | 9.55% | 15.41% |
Free Cash Flow Per Share | 0.93 | 0.83 | -0.46 | 0.73 | -1.65 | -0.88 | 0.00 | 0.00 | 0.10 | -0.43 | 1.22 | 1.42 | 1.01 | 0.05 | 1.99 | 1.99 | 1.85 | 1.69 | 1.85 | 3.05 |
Levered Free Cash Flow | 1,267 | 635 | -2,211 | 1,488 | -1,116 | -569 | -846 | 395 | -187 | 1,445 | -447 | 915 | 267 | -516 | 2,023 | 332 | 543 | 1,085 | 1,405 | 1,023 |
Unlevered Free Cash Flow | 1,507 | 1,127 | -1,533 | 198.06 | -945.58 | -461.8 | -835.15 | 378.11 | -86.08 | 239.1 | -200.46 | 1,003 | 498.01 | -305.55 | 307.83 | 428.2 | 1,323 | 952.79 | 1,459 | 2,361 |