Dow Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-2.44B | $1.20B | $660.0M | $4.64B | $6.41B | $1.29B | $-1.27B | $4.78B |
| Depreciation & Amortization | $2.83B | $2.89B | $2.61B | $2.76B | $2.84B | $2.87B | $2.94B | $2.91B |
| Depreciation | $2.12B | $1.99B | $1.93B | $1.96B | $2.06B | $2.09B | $2.16B | $2.17B |
| Amortization | $231.0M | $310.0M | $324.0M | $336.0M | $388.0M | $401.0M | $419.0M | $469.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.03B | $2.91B | $5.20B | $7.48B | $7.01B | $6.23B | $5.93B | $4.25B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.48B | $2.94B | $2.36B | $1.82B | $1.50B | $1.25B | $1.96B | $2.09B |
| Business Acquisitions | $0 | $125.0M | $114.0M | $228.0M | $129.0M | $130.0M | $0 | $20.0M |
| Net Cash from Investing Activities | $-2.13B | $-2.37B | $-2.93B | $-2.97B | $-2.91B | $-841.0M | $-2.19B | $-2.20B |
| Financing Activities | ||||||||
| Dividends Paid | $1.49B | $1.97B | $1.97B | $2.01B | $2.07B | $2.07B | $535.0M | $3.71B |
| Stock Repurchases | $0 | $494.0M | $625.0M | $2.33B | $1.00B | $125.0M | $500.0M | $0 |
| Net Cash from Financing Activities | $2.51B | $-1.17B | $-3.12B | $-3.36B | $-6.07B | $-2.76B | $-4.10B | $-5.40B |
| Net Change in Cash | $1.69B | $-785.0M | $-892.0M | $907.0M | $-2.08B | $2.73B | $-384.0M | $-3.44B |
| Free Cash Flow | $-1.45B | $-26.0M | $2.84B | $5.65B | $5.51B | $4.97B | $3.97B | $2.16B |