Ashland Inc. (ASH) quarterly cash flow statement — complete operating, investing & financing history
Ashland Inc. (ASH) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 75M | 122M | 41M | 125M | 106M | 133M | 1M | -40M | 67M | 116M | 54M | 187M | 123M | 140M | 43M | -63M | 75M | -17M | 17M | 6M |
| Operating CF Margin % | 15.06% | 24.55% | 8.51% | 32.38% | 22.18% | 28.73% | 0.21% | -9.88% | 12.84% | 21.32% | 9.39% | 39.53% | 23.79% | 25.64% | 7.13% | -12% | 11.87% | -2.64% | 2.81% | 1.17% |
| Operating CF Growth % | -29.25% | -8.27% | 4000% | 412.5% | 58.21% | 14.66% | -98.15% | -121.39% | -45.53% | -17.14% | 25.58% | 396.83% | 64% | 923.53% | 152.94% | -1150% | 19.05% | -108.76% | -56.41% | -93.48% |
| Net Income | -16M | 41M | 15M | 2M | -741M | -719M | 31M | -165M | 16M | 6M | 121M | 26M | -14M | 50M | 91M | 40M | 57M | 51M | 38M | 48M |
| Depreciation & Amortization | 45M | 48M | 45M | 48M | 50M | 122M | 60M | 51M | 53M | 61M | 86M | 77M | 60M | 62M | 61M | 59M | 59M | 107M | 73M | 60M |
| Stock-Based Compensation | 5M | 4M | 5M | 4M | 2M | 2M | 5M | 4M | 3M | 4M | 0 | 1M | 5M | 5M | 5M | 7M | 1M | 0 | 0 | 4M |
| Deferred Taxes | 3M | 1M | 2M | 1M | 4M | 4M | 4M | -3M | 0 | -1M | -106M | -30M | -46M | 0 | 8M | 7M | -30M | -2M | -6M | 3M |
| Other Non-Cash Items | 16M | -28M | -8M | -28M | 723M | 656M | -34M | 182M | -106M | 106M | -10M | -54M | 10M | -23M | -33M | -53M | -80M | -38M | 20M | -37M |
| Working Capital Changes | 22M | 56M | -18M | 98M | 68M | 68M | -65M | -109M | 101M | -60M | -37M | 167M | 108M | 46M | -89M | -123M | 68M | -135M | -108M | -72M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -14M | -6M | 16M | -14M | 1M | -63M | 17M | -18M | 3M | -5M | -36M | -26M | -52M | -12M | -18M | -27M | -34M | -549M | 1.55B | -8M |
| Capital Expenditures | -37M | -20M | -17M | -14M | -20M | -20M | -21M | -23M | -38M | -29M | -34M | -36M | -69M | -43M | -35M | -23M | -46M | -30M | -22M | -15M |
| CapEx % of Revenue | 7.43% | 4.02% | 3.53% | 3.63% | 4.18% | 4.32% | 4.38% | 5.68% | 7.28% | 5.33% | 5.91% | 7.61% | 13.35% | 7.88% | 5.8% | 4.38% | 7.28% | 4.66% | 3.64% | 2.93% |
| Acquisitions | 0 | -4M | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40M | 10M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 23M | -1M | 33M | -19M | 21M | -43M | 38M | 5M | 41M | 1M | -23M | 10M | 17M | 31M | 17M | -4M | 12M | -559M | 1.54B | 7M |
| Cash from Financing | -21M | -18M | -19M | -21M | -70M | -70M | -69M | -22M | -169M | -151M | -20M | -139M | -5M | -178M | -161M | -27M | -20M | -66M | -799M | -11M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | -50M | -50M | 50M | 0 | 16M | 0 | 0 | -16M | 16M | 0 | 0 | 0 | 0 | 0 | -626M | 11M |
| Equity Issued (Net) | 0 | 0 | 0 | -2M | 1M | -1M | -100M | -3M | -150M | -130M | -1M | -100M | -1M | -158M | -142M | -9M | 0 | -45M | -155M | 0 |
| Dividends Paid | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -19M | -20M | -19M | -20M | -20M | -20M | -18M | -18M | -18M | -18M | -17M | -17M |
| Share Repurchases | 0 | 0 | 0 | -2M | 1M | -1M | -100M | -3M | -150M | -130M | -1M | -100M | -1M | -158M | -142M | -9M | 0 | -45M | -155M | 0 |
| Other Financing | -2M | 1M | 0 | 0 | -2M | 0 | 0 | 0 | -16M | -1M | 0 | -3M | 0 | 0 | -1M | 0 | -2M | -3M | -1M | -5M |
| Net Change in Cash | 40M | 97M | 39M | 89M | 39M | 39M | -51M | -81M | -99M | -40M | -1M | 23M | 68M | -50M | -133M | -114M | 17M | -335M | 770M | -16M |
| Free Cash Flow | 38M | 102M | 24M | 111M | 86M | 113M | -20M | -63M | 29M | 87M | 20M | 151M | 54M | 97M | 8M | -86M | 29M | -47M | -5M | -9M |
| FCF Margin % | 7.63% | 20.52% | 4.98% | 28.76% | 17.99% | 24.41% | -4.18% | -15.56% | 5.56% | 15.99% | 3.48% | 31.92% | 10.44% | 17.77% | 1.33% | -16.38% | 4.59% | -7.3% | -0.83% | -1.76% |
| FCF Growth % | -55.81% | -9.73% | 220% | 276.19% | 196.55% | 29.89% | -200% | -141.72% | -46.3% | -10.31% | 150% | 275.58% | 86.21% | 306.38% | 260% | -855.56% | -17.14% | -127.17% | -131.25% | -114.52% |
| FCF per Share | 0.83 | 2.22 | 0.52 | 2.41 | 1.87 | 2.46 | -0.43 | -1.34 | 0.59 | 1.71 | 0.39 | 2.96 | 1.06 | 1.83 | 0.15 | -1.56 | 0.53 | -0.85 | -0.09 | -0.16 |
| FCF Conversion (FCF/Net Income) | -4.69x | 7.63x | 2.56x | -10.42x | 3.31x | -0.18x | 0.03x | 0.24x | 4.19x | 19.33x | 0.45x | 7.19x | -30.75x | 2.80x | 0.47x | -1.58x | 1.32x | -0.47x | 0.02x | 0.13x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |