PPG Industries, Inc. (PPG) quarterly cash flow statement — complete operating, investing & financing history
PPG Industries, Inc. (PPG) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | 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 | Q4'21 |
|---|
| Cash from Operations | 566M | 559M | 33M | 887M | 685M | 387M | -18M | 346M | 769M | 365M | -60M | 898M | 892M | 536M | 85M | 587M | 512M | 168M | -304M | 456M |
| Operating CF Margin % | 13% | 12.44% | 0.84% | 22.66% | 16.78% | 9.23% | -0.49% | 15.98% | 16.81% | 8.62% | -1.39% | 20.64% | 19.21% | 11% | 1.94% | 14.03% | 11.46% | 3.58% | -7.06% | 10.88% |
| Operating CF Growth % | -17.37% | 44.44% | 283.33% | 156.36% | -10.92% | 6.03% | 70% | -61.47% | -13.79% | -31.9% | -170.59% | 52.98% | 74.22% | 219.05% | 127.96% | 28.73% | -2.48% | -72.19% | -1221.74% | -52.8% |
| Net Income | 456M | 438M | 385M | 311M | 442M | 454M | 380M | -43M | 504M | 502M | 409M | 103M | 436M | 497M | 273M | 246M | 339M | 448M | 23M | 278M |
| Depreciation & Amortization | 134M | 134M | 132M | 134M | 138M | 135M | 121M | 88M | 150M | 124M | 141M | 150M | 142M | 133M | 133M | 133M | 135M | 141M | 145M | 149M |
| Stock-Based Compensation | 10M | 16M | 11M | 11M | -1M | 13M | 23M | 10M | 11M | 10M | 12M | 17M | 8M | 17M | 17M | 8M | 9M | 12M | 6M | 18M |
| Deferred Taxes | -8M | -44M | 11M | 15M | -20M | -2M | -20M | -29M | -24M | 0 | -45M | -52M | -19M | 19M | -131M | -28M | -34M | -59M | -36M | -23M |
| Other Non-Cash Items | -18M | 15M | -42M | -2M | 34M | 101M | -22M | 282M | 30M | -15M | -23M | 39M | 17M | 79M | 219M | -20M | -20M | -188M | 259M | -167M |
| Working Capital Changes | -8M | 0 | -464M | 418M | 92M | -314M | -500M | 38M | 98M | -256M | -554M | 641M | 308M | -209M | -426M | 248M | 83M | -186M | -701M | 201M |
| Change in Receivables | 116M | -280M | -343M | 384M | 171M | -349M | -396M | 255M | 107M | -275M | -344M | 368M | 170M | -251M | -277M | 376M | 148M | -262M | -530M | 313M |
| Change in Inventory | -4M | -33M | -156M | 191M | 30M | -26M | -230M | 136M | 4M | 22M | -229M | 133M | 246M | 132M | -308M | 231M | -21M | -112M | -325M | 55M |
| Change in Payables | -99M | 272M | 209M | -115M | -118M | 98M | 202M | -233M | -8M | 35M | -10M | 58M | -84M | -19M | 175M | -348M | -77M | 91M | 326M | -128M |
| Cash from Investing | -195M | -179M | -279M | -283M | -129M | -120M | -168M | 618M | -141M | -131M | -239M | -157M | -109M | -226M | -64M | -215M | -96M | 33M | -183M | -128M |
| Capital Expenditures | -155M | -113M | -196M | -301M | -147M | -121M | -209M | -198M | -156M | -115M | -252M | -168M | -139M | -122M | -120M | -150M | -104M | -70M | -194M | -151M |
| CapEx % of Revenue | 3.56% | 2.51% | 4.99% | 7.69% | 3.6% | 2.88% | 5.67% | 9.15% | 3.41% | 2.72% | 5.85% | 3.86% | 2.99% | 2.5% | 2.74% | 3.58% | 2.33% | 1.49% | 4.5% | 3.6% |
| Acquisitions | -39M | -66M | -79M | 42M | 0 | 0 | 0 | 323M | -2M | -17M | -10M | -1M | -2M | -106M | 0 | -71M | 0 | -34M | -9M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 0 | -4M | -24M | 18M | 1M | 41M | 493M | -91M | 1M | 23M | 12M | 24M | 0 | 6M | 6M | -1M | 136M | 3M | 23M |
| Cash from Financing | -321M | -444M | -334M | -276M | -306M | -661M | 698M | -808M | -432M | -150M | -35M | -545M | -739M | -543M | 277M | -353M | -269M | -230M | 443M | -513M |
| Debt Issued (Net) | 0 | -164M | -133M | -5M | 0 | -341M | 1.25B | -407M | -64M | 171M | 278M | -284M | -604M | -390M | 428M | -197M | -106M | 31M | 641M | -162M |
| Equity Issued (Net) | -147M | -79M | -96M | -103M | -147M | -146M | -394M | -241M | -199M | -163M | -149M | -86M | 0 | 0 | 0 | -11M | -15M | -130M | -34M | -209M |
| Dividends Paid | -165M | -158M | -159M | -160M | -160M | -154M | -154M | -158M | -159M | -152M | -153M | -153M | -153M | -146M | -146M | -146M | -145M | -140M | -139M | -140M |
| Share Repurchases | -147M | -79M | -96M | -103M | -147M | -146M | -394M | -241M | -199M | -163M | -149M | -86M | 0 | 0 | 0 | 0 | -15M | -135M | -40M | -210M |
| Other Financing | -9M | -43M | 54M | -8M | 1M | -20M | -3M | -2M | -10M | -6M | -11M | -22M | 18M | -7M | -5M | 1M | -3M | 9M | -25M | -2M |
| Net Change in Cash | 73M | -53M | -590M | 331M | 271M | -269M | 560M | 19M | 120M | -50M | -333M | 296M | -10M | -198M | 327M | 70M | 98M | -29M | -45M | -211M |
| Free Cash Flow | 411M | 446M | -163M | 586M | 538M | 266M | -227M | 148M | 613M | 250M | -312M | 730M | 753M | 414M | -35M | 437M | 408M | 98M | -498M | 305M |
| FCF Margin % | 9.44% | 9.92% | -4.15% | 14.97% | 13.18% | 6.34% | -6.16% | 6.84% | 13.4% | 5.9% | -7.24% | 16.78% | 16.21% | 8.5% | -0.8% | 10.44% | 9.13% | 2.09% | -11.56% | 7.28% |
| FCF Growth % | -23.61% | 67.67% | 28.19% | 295.95% | -12.23% | 6.4% | 27.24% | -79.73% | -18.59% | -39.61% | -791.43% | 67.05% | 84.56% | 322.45% | 92.97% | 43.28% | -8.72% | -81.92% | -383.5% | -63.34% |
| FCF per Share | 1.84 | 1.99 | -0.73 | 2.60 | 2.38 | 1.17 | -0.99 | 0.63 | 2.62 | 1.06 | -1.32 | 3.08 | 3.17 | 1.74 | -0.15 | 1.85 | 1.72 | 0.41 | -2.09 | 1.28 |
| FCF Conversion (FCF/Net Income) | 1.25x | 1.28x | 0.09x | 2.96x | 1.51x | 0.86x | -0.05x | -1.24x | 1.64x | 0.69x | -0.15x | 9.98x | 2.09x | 1.09x | 0.32x | 2.47x | 1.56x | 0.38x | -16.89x | 1.59x |
| Interest Paid | 0 | 62M | 105M | 38M | 55M | 62M | 55M | 0 | 64M | 68M | 66M | 32M | 51M | 57M | 73M | 37M | 50M | 17M | 52M | 30M |
| Taxes Paid | 0 | 86M | 144M | 102M | 106M | 107M | 123M | 0 | 138M | 250M | 94M | 117M | 108M | 163M | 107M | 109M | 129M | 100M | 114M | 115M |