Ashland Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-845.0M | $169.0M | $178.0M | $927.0M | $220.0M | $-508.0M | $505.0M | $114.0M |
| Depreciation & Amortization | $237.0M | $274.0M | $243.0M | $241.0M | $244.0M | $235.0M | $277.0M | $277.0M |
| Depreciation | $174.0M | $198.0M | $150.0M | $147.0M | $154.0M | $151.0M | $188.0M | $183.0M |
| Amortization | $63.0M | $76.0M | $93.0M | $94.0M | $90.0M | $84.0M | $85.0M | $93.0M |
| Stock-Based Compensation | $14.0M | $15.0M | $22.0M | $18.0M | $15.0M | $14.0M | $21.0M | $27.0M |
| Net Cash from Operating Activities | $134.0M | $462.0M | $294.0M | $193.0M | $466.0M | $227.0M | $140.0M | $241.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $98.0M | $137.0M | $170.0M | $113.0M | $105.0M | $133.0M | $147.0M | $157.0M |
| Business Acquisitions | — | — | $0 | $0 | $309.0M | — | $2.0M | $11.0M |
| Net Cash from Investing Activities | $-3.0M | $-51.0M | $-109.0M | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $76.0M | $78.0M | $76.0M | $70.0M | $70.0M | $66.0M | $64.0M | $60.0M |
| Stock Repurchases | $100.0M | $380.0M | $300.0M | $200.0M | $450.0M | — | $200.0M | — |
| Net Cash from Financing Activities | $-179.0M | $-479.0M | $-371.0M | $-896.0M | $-426.0M | $9.0M | $-1.15B | $-368.0M |
| Net Change in Cash | $-85.0M | $-117.0M | $-229.0M | $436.0M | $-244.0M | $222.0M | $-62.0M | $-272.0M |
| Free Cash Flow | $36.0M | $325.0M | $124.0M | $80.0M | $361.0M | $94.0M | $-7.0M | $84.0M |