The Sherwin-Williams Company (SHW)

SHW Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,599	2,569	2,681	2,389	2,020	1,864
Depreciation & Amortization	702.8	676.9	624	622.5	581.1	572.6
Stock-Based Compensation	126.4	123.5	138.1	115.9	99.7	97.7
Other Adjustments	772.55	891.7	398.5	567.9	397.9	481.2
Change in Receivables	-	-162.8	-10.7	85.6	-200.2	-287.8
Changes in Inventories	-	132.5	-32.9	323.4	-666.7	-228.1
Changes in Accounts Payable	-	-37.8	21.8	-241.1	46.6	346.1
Changes in Accrued Expenses	-	-25.9	-7.9	75.7	65.8	-10.9
Changes in Income Taxes Payable	-	-38.6	-13.5	16.9	9.5	-71.2
Changes in Other Operating Activities	-844.2	-605.1	-716.9	-433.7	-433.9	-519.4
Operating Cash Flow	3,652	3,452	3,153	3,522	1,920	2,245
Operating Cash Flow Growth	15.89%	9.46%	-10.47%	83.44%	-14.47%	-34.15%
Capital Expenditures	-746.6	-797.6	-1,070	-888.4	-644.5	-372
Sale of Property, Plant & Equipment	10.7	10.7	11.6	70.1	33.2	14.8
Payments for Business Acquisitions	-1,129	-1,211	-78.9	-264.7	-1,003	-210.9
Proceeds from Business Divestments	-	-	-	103.7	-	122.5
Other Investing Activities	-55.8	-68.1	-59	-60	6.8	-30.8
Investing Cash Flow	-1,921	-2,066	-1,196	-1,039	-1,608	-476.4
Long-Term Debt Issued	-	1,540	1,093	306.5	1,207	994.8
Long-Term Debt Repaid	-1,150	-1,050	-1,100	-136.4	-260.3	-422.9
Net Long-Term Debt Issued (Repaid)	-1,150	489.9	-7.1	170.1	946.7	571.9
Issuance of Common Stock	162	140.6	242	111.6	89.3	204.5
Repurchase of Common Stock	-1,880	-1,656	-1,739	-1,432	-883.2	-2,752
Net Common Stock Issued (Repurchased)	-1,718	-1,516	-1,497	-1,320	-793.9	-2,548
Common Dividends Paid	-786.5	-789.8	-723.4	-623.7	-618.5	-587.1
Other Financing Activities	471	437.1	210.2	-650.6	183.3	729
Financing Cash Flow	-1,698	-1,379	-2,017	-2,425	-282.4	-1,834
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-15.9	-9.9	-6.2	20	3.2	4.9
Net Cash Flow	17.1	-3.2	-66.4	78	33.1	-60.9
Free Cash Flow	2,905	2,654	2,083	2,634	1,275	1,873
Free Cash Flow Growth	9.46%	27.40%	-20.90%	106.48%	-31.89%	-39.69%
FCF Margin	12.14%	11.26%	9.02%	11.42%	5.76%	9.39%
Free Cash Flow Per Share	11.65	10.60	8.20	10.20	4.87	7.01
Levered Free Cash Flow	723.5	2,363	1,479	2,034	1,925	2,153
Unlevered Free Cash Flow	2,562	2,238	1,766	2,216	1,315	1,839

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q