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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	729	724	533
Depreciation & Amortization	376	394	403
Stock-Based Compensation	20	13	13
Other Adjustments	-66	-84	-24
Change in Receivables	-12	-53	12
Changes in Inventories	-51	-84	86
Changes in Accounts Payable	119	78	-54
Changes in Accrued Expenses	108	39	-96
Changes in Income Taxes Payable	60	28	-14
Changes in Other Operating Activities	-10	6	23
Operating Cash Flow	1,273	1,061	882
Operating Cash Flow Growth	19.98%	20.29%	-
Capital Expenditures	-285	-200	-231
Sale of Property, Plant & Equipment	-	15	5
Other Investing Activities	-	13	-
Investing Cash Flow	-285	-172	-226
Long-Term Debt Issued	4,100	-	-
Net Long-Term Debt Issued (Repaid)	4,100	-	-
Issuance of Common Stock	1	-	-
Net Common Stock Issued (Repurchased)	1	-	-
Issuance of Preferred Stock	2	-	-
Net Preferred Stock Issued (Repurchased)	2	-	-
Common Dividends Paid	-13	-	-
Other Financing Activities	-4,338	-848	-628
Financing Cash Flow	-248	-848	-628
Effect of Exchange Rate Changes on Cash and Cash Equivalents	9	-14	-4
Net Cash Flow	749	27	24
Free Cash Flow	988	861	651
Free Cash Flow Growth	14.75%	32.26%	-
FCF Margin	20.78%	19.86%	16.13%
Free Cash Flow Per Share	4.71	4.11	3.11
Levered Free Cash Flow	5,109	954	624
Unlevered Free Cash Flow	1,051	935.18	627.23

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.