PPG Industries, Inc. (PPG)
NYSE: PPG · Real-Time Price · USD
112.17
-2.05 (-1.79%)
Aug 31, 2026, 4:00 PM EDT - Market closed
PPG Industries Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,572 | 1,576 | 1,116 | 1,270 | 1,026 | 1,439 |
Depreciation & Amortization | 538 | 528 | 492 | 514 | 502 | 561 |
Asset Writedown & Restructuring Costs | -35 | -52 | 327 | 102 | 179 | -56 |
Stock-Based Compensation | 37 | 46 | 42 | 56 | 34 | 57 |
Other Operating Activities | 1 | 142 | 15 | 64 | -309 | -251 |
Change in Accounts Receivable | -68 | -190 | -181 | 12 | -248 | -63 |
Change in Inventory | 32 | -35 | -27 | 145 | -177 | -279 |
Change in Accounts Payable | 248 | 67 | -259 | 151 | 21 | 295 |
Change in Income Taxes | 24 | -105 | -31 | 71 | 143 | -64 |
Change in Other Net Operating Assets | -190 | -41 | -103 | -91 | -171 | -77 |
Operating Cash Flow | 2,164 | 1,941 | 1,420 | 2,411 | 963 | 1,562 |
Operating Cash Flow Growth | 45.82% | 36.69% | -41.10% | 150.36% | -38.35% | -26.67% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -757 | -778 | -721 | -516 | -486 | -371 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 47 |
Cash Acquisitions | -146 | -1 | -31 | -109 | -114 | -2,137 |
Divestitures | 43 | 43 | 325 | 36 | 117 | - |
Other Investing Activities | -10 | 36 | 534 | 33 | 22 | 57 |
Investing Cash Flow | -870 | -700 | 107 | -556 | -461 | -2,404 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | 190 |
Long-Term Debt Issued | - | 1,942 | 274 | 550 | 1,116 | 2,091 |
Total Debt Issued | 1,096 | 1,942 | 274 | 550 | 1,116 | 2,281 |
Short-Term Debt Repaid | - | - | - | - | -439 | - |
Long-Term Debt Repaid | - | -1,039 | -300 | -1,400 | -300 | -1,454 |
Total Debt Repaid | -1,398 | -1,039 | -300 | -1,400 | -739 | -1,454 |
Net Debt Issued (Repaid) | -302 | 903 | -26 | -850 | 377 | 827 |
Repurchase of Common Stock | -425 | -790 | -752 | -86 | -190 | -210 |
Common Dividends Paid | -637 | -628 | -622 | -598 | -570 | -536 |
Other Financing Activities | 4 | -30 | -25 | -16 | -26 | 12 |
Financing Cash Flow | -1,360 | -545 | -1,425 | -1,550 | -409 | 93 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 25 | 197 | -325 | 110 | 1 | -72 |
Miscellaneous Cash Flow Adjustments | - | - | - | -5 | -3 | - |
Net Cash Flow | -41 | 893 | -223 | 410 | 91 | -821 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,407 | 1,163 | 699 | 1,895 | 477 | 1,191 |
Free Cash Flow Growth | 75.88% | 66.38% | -63.11% | 297.27% | -59.95% | -34.77% |
Free Cash Flow Margin | 8.57% | 7.33% | 4.41% | 11.67% | 3.06% | 7.09% |
Free Cash Flow Per Share | 6.25 | 5.12 | 2.98 | 7.99 | 2.01 | 4.97 |
Levered Free Cash Flow | 1,105 | 538.88 | 1,049 | 1,820 | 336.13 | 931.75 |
Unlevered Free Cash Flow | 1,264 | 689.5 | 1,200 | 1,974 | 440.5 | 1,007 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 260 | 210 | 247 | 213 | 156 | 140 |
Cash Income Tax Paid | 438 | 438 | 653 | 488 | 436 | 491 |
Change in Working Capital | 46 | -304 | -601 | 288 | -432 | -188 |