PPG Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.58B | $1.12B | $1.27B | $1.03B | $1.44B | $1.06B | $1.24B | $1.34B |
| Depreciation & Amortization | $528.0M | $492.0M | $514.0M | $502.0M | $561.0M | $509.0M | $511.0M | $497.0M |
| Depreciation | $403.0M | $360.0M | $360.0M | $357.0M | $389.0M | $371.0M | $375.0M | $354.0M |
| Amortization | $125.0M | $132.0M | $154.0M | $145.0M | $172.0M | $138.0M | $136.0M | $143.0M |
| Stock-Based Compensation | $46.0M | $42.0M | $56.0M | $34.0M | $57.0M | $44.0M | $39.0M | $37.0M |
| Net Cash from Operating Activities | $1.94B | $1.42B | $2.41B | $963.0M | $1.56B | $2.13B | $2.08B | $1.47B |
| Investing Activities | ||||||||
| Capital Expenditures | $778.0M | $721.0M | $516.0M | $486.0M | $371.0M | $304.0M | $413.0M | $411.0M |
| Business Acquisitions | $1.0M | $31.0M | $109.0M | $114.0M | $2.14B | $1.17B | $643.0M | $378.0M |
| Net Cash from Investing Activities | $-700.0M | $107.0M | $-556.0M | $-461.0M | $-2.40B | $-1.45B | $-1.01B | $-764.0M |
| Financing Activities | ||||||||
| Dividends Paid | $628.0M | $622.0M | $598.0M | $570.0M | $536.0M | $496.0M | $468.0M | $453.0M |
| Stock Repurchases | $790.0M | $752.0M | $86.0M | $190.0M | $210.0M | $0 | $325.0M | $1.72B |
| Net Cash from Financing Activities | $-545.0M | $-1.43B | $-1.55B | $-409.0M | $93.0M | $-59.0M | $-758.0M | $-1.21B |
| Net Change in Cash | $893.0M | $-223.0M | $410.0M | $91.0M | $-821.0M | $610.0M | $314.0M | $-534.0M |
| Free Cash Flow | $1.16B | $699.0M | $1.90B | $477.0M | $1.19B | $1.83B | $1.67B | $1.06B |