Qnity Electronics Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	692	693	507	774
Depreciation & Amortization	376	394	403	414
Loss (Gain) From Sale of Assets	-1	-16	-8	-
Asset Writedown & Restructuring Costs	20	8	52	119
Loss (Gain) on Equity Investments	-5	4	11	11
Stock-Based Compensation	20	13	13	12
Other Operating Activities	-43	-49	-53	-101
Change in Accounts Receivable	-12	-53	12	20
Change in Inventory	-51	-84	86	-90
Change in Accounts Payable	119	78	-54	-70
Change in Income Taxes	60	28	-14	140
Change in Other Net Operating Assets	98	45	-73	-76
Operating Cash Flow	1,273	1,061	882	1,153
Operating Cash Flow Growth	19.98%	20.29%	-23.50%	-
Capital Expenditures	-285	-200	-231	-202
Sale of Property, Plant & Equipment	-	15	5	-
Other Investing Activities	-	13	-	-
Investing Cash Flow	-285	-172	-226	-202
Long-Term Debt Issued	4,100	-	-	-
Net Debt Issued (Repaid)	4,100	-	-	-
Issuance of Common Stock	1	-	-	-
Common Dividends Paid	-13	-	-	-
Other Financing Activities	-4,338	-848	-628	-932
Financing Cash Flow	-248	-848	-628	-932
Foreign Exchange Rate Adjustments	9	-14	-4	-10
Net Cash Flow	749	27	24	9
Free Cash Flow	988	861	651	951
Free Cash Flow Growth	14.75%	32.26%	-31.55%	-
Free Cash Flow Margin	20.78%	19.86%	16.13%	20.00%
Free Cash Flow Per Share	4.71	4.11	3.11	-
Cash Income Tax Paid	94	62	80	58
Levered Free Cash Flow	776.5	809	-	-
Unlevered Free Cash Flow	817.13	809	-	-
Change in Working Capital	214	14	-43	-76

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.