PPG Industries, Inc. (PPG)

PPG Industries Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	996	1,116	1,270	1,026	1,439	1,059
Depreciation & Amortization	513	492	514	502	561	509
Asset Writedown & Restructuring Costs	302	327	102	179	-56	141
Stock-Based Compensation	47	42	56	34	57	44
Other Operating Activities	265	15	64	-309	-251	36
Change in Accounts Receivable	-382	-181	12	-248	-63	187
Change in Inventory	-109	-27	145	-177	-279	111
Change in Accounts Payable	-29	-259	151	21	295	127
Change in Income Taxes	-124	-31	71	143	-64	-108
Change in Other Net Operating Assets	-97	-103	-91	-171	-77	24
Operating Cash Flow	1,400	1,420	2,411	963	1,562	2,130
Operating Cash Flow Growth	-29.01%	-41.10%	150.36%	-38.35%	-26.67%	2.40%
Capital Expenditures	-685	-721	-516	-486	-371	-304
Sale of Property, Plant & Equipment	325	325	36	117	47	-
Cash Acquisitions	-2	-31	-109	-114	-2,137	-1,169
Other Investing Activities	563	534	33	22	57	26
Investing Cash Flow	201	107	-556	-461	-2,404	-1,447
Short-Term Debt Issued	-	-	-	-	190	2,297
Long-Term Debt Issued	-	274	550	1,116	2,091	565
Total Debt Issued	841	274	550	1,116	2,281	2,862
Short-Term Debt Repaid	-	-	-	-439	-	-1,900
Long-Term Debt Repaid	-	-300	-1,400	-300	-1,454	-513
Total Debt Repaid	-341	-300	-1,400	-739	-1,454	-2,413
Net Debt Issued (Repaid)	500	-26	-850	377	827	449
Repurchase of Common Stock	-928	-752	-86	-190	-210	-
Common Dividends Paid	-626	-622	-598	-570	-536	-496
Other Financing Activities	-23	-25	-16	-26	12	-12
Financing Cash Flow	-1,077	-1,425	-1,550	-409	93	-59
Foreign Exchange Rate Adjustments	78	-325	110	1	-72	6
Miscellaneous Cash Flow Adjustments	2	-	-5	-3	-	-20
Net Cash Flow	604	-223	410	91	-821	610
Free Cash Flow	715	699	1,895	477	1,191	1,826
Free Cash Flow Growth	-46.00%	-63.11%	297.27%	-59.95%	-34.77%	9.54%
Free Cash Flow Margin	4.56%	4.41%	11.67%	3.06%	7.09%	13.20%
Free Cash Flow Per Share	3.12	2.98	7.99	2.01	4.97	7.67
Cash Interest Paid	221	247	213	156	140	153
Cash Income Tax Paid	508	653	488	436	491	367
Levered Free Cash Flow	996.5	1,058	1,820	336.13	931.75	1,684
Unlevered Free Cash Flow	1,147	1,209	1,974	440.5	1,007	1,770
Change in Working Capital	-741	-601	288	-432	-188	341

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q