Ashland Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.0M | $16.0M | $-12.0M | $31.0M | $-742.0M | $31.0M | $-165.0M | $17.0M |
| Depreciation & Amortization | $48.0M | $45.0M | $48.0M | $50.0M | $76.0M | $60.0M | $51.0M | $53.0M |
| Depreciation | $32.0M | $30.0M | $33.0M | $34.0M | $61.0M | $45.0M | $34.0M | $37.0M |
| Amortization | $15.0M | $15.0M | $15.0M | $16.0M | $15.0M | $15.0M | $17.0M | $16.0M |
| Stock-Based Compensation | $4.0M | $5.0M | $4.0M | $3.0M | $2.0M | $5.0M | $4.0M | $5.0M |
| Net Cash from Operating Activities | $120.0M | $50.0M | $125.0M | $40.0M | $115.0M | $9.0M | $-30.0M | $80.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $20.0M | $17.0M | $14.0M | $34.0M | $20.0M | $21.0M | $23.0M | $38.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $4.0M | $16.0M | $2.0M | $-3.0M | $1.0M | $17.0M | $-18.0M | $3.0M |
| Financing Activities | ||||||||
| Dividends Paid | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M |
| Stock Repurchases | — | — | — | $0 | $0 | $100.0M | $0 | $150.0M |
| Net Cash from Financing Activities | $-20.0M | $-19.0M | $-21.0M | $-18.0M | $-70.0M | $-69.0M | $-22.0M | $-169.0M |
| Net Change in Cash | $97.0M | $39.0M | $89.0M | $8.0M | $39.0M | $-51.0M | $-81.0M | $-99.0M |
| Free Cash Flow | $100.0M | $33.0M | $111.0M | $6.0M | $95.0M | $-12.0M | $-53.0M | $42.0M |