PPG Industries, Inc. (PPG)

PPG Industries Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	18,246	17,652	16,802	13,834	15,146
Revenue Growth (YoY)	3.37%	5.06%	21.45%	-8.66%	-1.48%
Cost of Revenue	10,745	11,096	10,286	7,777	8,653
Gross Profit	7,501	6,556	6,516	6,057	6,493
Selling, General & Admin	4,222	3,842	3,780	3,389	3,604
Research & Development	433	448	439	379	432
Other Operating Expenses	908	799	499	776	785
Operating Expenses	5,563	5,089	4,718	4,544	4,821
Operating Income	1,938	1,467	1,798	1,513	1,672
Interest Expense / Income	247	167	121	138	132
Other Expense / Income	-18	-51	-136	25	-95
Pretax Income	1,709	1,351	1,813	1,350	1,635
Income Tax	439	325	374	291	392
Net Income	1,270	1,026	1,439	1,059	1,243
Net Income Growth	23.78%	-28.70%	35.88%	-14.80%	-7.31%
Shares Outstanding (Basic)	236	235	237	236	236
Shares Change	0.33%	-1.00%	0.51%	-0.11%	-1.43%
EPS (Basic)	5.38	4.34	6.06	4.47	5.25
EPS (Diluted)	5.35	4.32	6.01	4.45	5.22
EPS Growth	23.84%	-28.12%	35.06%	-14.75%	-4.57%
Free Cash Flow	1,862	445	1,191	1,826	1,667
Free Cash Flow Per Share	7.90	1.89	5.02	7.73	7.05
Dividend Per Share	2.540	2.420	2.260	2.100	1.980
Dividend Growth	4.96%	7.08%	7.62%	6.06%	6.45%
Gross Margin	41.11%	37.14%	38.78%	43.78%	42.87%
Operating Margin	10.62%	8.31%	10.70%	10.94%	11.04%
Profit Margin	6.96%	5.81%	8.56%	7.66%	8.21%
Free Cash Flow Margin	10.20%	2.52%	7.09%	13.20%	11.01%
Effective Tax Rate	25.69%	24.06%	20.63%	21.56%	23.98%
EBITDA	2,514	2,072	2,495	1,997	2,278
EBITDA Margin	13.78%	11.74%	14.85%	14.44%	15.04%
Depreciation & Amortization	558	554	561	509	511
EBIT	1,956	1,518	1,934	1,488	1,767
EBIT Margin	10.72%	8.60%	11.51%	10.76%	11.67%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).