Qnity Electronics Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	692	729	724	533
Depreciation & Amortization	380	376	394	403
Stock-Based Compensation	26	20	13	13
Other Adjustments	-71	-66	-84	-24
Change in Receivables	-59	-12	-53	12
Changes in Inventories	-58	-51	-84	86
Changes in Accounts Payable	150	119	78	-54
Changes in Accrued Expenses	55	108	39	-96
Changes in Income Taxes Payable	96	60	28	-14
Changes in Other Operating Activities	-10	-10	6	23
Operating Cash Flow	1,201	1,273	1,061	882
Operating Cash Flow Growth	14.38%	19.98%	20.29%	-
Capital Expenditures	-303	-285	-200	-231
Sale of Property, Plant & Equipment	-	-	15	5
Other Investing Activities	-1	-	13	-
Investing Cash Flow	-304	-285	-172	-226
Long-Term Debt Issued	2,350	4,100	-	-
Long-Term Debt Repaid	-6	-	-	-
Net Long-Term Debt Issued (Repaid)	2,344	4,100	-	-
Issuance of Common Stock	-	1	-	-
Repurchase of Common Stock	-25	-	-	-
Net Common Stock Issued (Repurchased)	-25	1	-	-
Issuance of Preferred Stock	-	2	-	-
Net Preferred Stock Issued (Repurchased)	-	2	-	-
Common Dividends Paid	-17	-13	-	-
Other Financing Activities	-4,206	-4,338	-848	-628
Financing Cash Flow	-198	-248	-848	-628
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4	9	-14	-4
Net Cash Flow	695	749	27	24
Free Cash Flow	898	988	861	651
Free Cash Flow Growth	-9.11%	14.75%	32.26%	-
FCF Margin	18.14%	20.78%	19.86%	16.13%
Free Cash Flow Per Share	4.28	4.71	4.11	3.11
Levered Free Cash Flow	3,304	5,109	954	624
Unlevered Free Cash Flow	1,075	1,051	935.18	627.23