← DOW INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income (loss) $595.0m $4.8b ($1.3b) $1.3b $6.4b $4.6b $660.0m $1.2b ($2.4b)
Net Income (Loss) Attributable to Parent $465.0m $4.6b ($1.3b) $1.3b $6.4b $4.6b $660.0m $1.2b ($2.4b)
Net Income (Loss) Available to Common Stockholders, Basic $465.0m $4.6b ($1.4b) $1.2b $6.3b $4.6b $589.0m $1.1b ($2.6b)
Cash provided by (used for) operating activities - discontinued operations $1.5b $1.2b $217.0m ($26.0m) ($60.0m) ($11.0m) $32.0m $11.0m ($30.0m)
Cash provided by operating activities - continuing operations ($6.4b) $3.1b $5.7b $6.3b $7.1b $7.5b $5.2b $2.9b $1.1b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($1.3b) $2.9b ($1.7b) $1.3b $6.4b $4.6b $660.0m $1.2b ($2.4b)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $1.9b $1.8b $445.0m $0 $0 — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $130.0m $134.0m $87.0m $69.0m $94.0m $58.0m $71.0m $85.0m $179.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $595.0m $4.8b ($1.3b) $1.3b $6.4b $4.6b $660.0m $1.2b ($2.4b)
Amortization of Intangible Assets $400.0m $469.0m $419.0m $401.0m $388.0m $336.0m $324.0m $310.0m $231.0m
Depreciation $2.0b $2.2b $2.2b $2.1b $2.1b $2.0b $1.9b $2.0b $2.1b
Depreciation and amortization $2.5b $2.9b $2.9b $2.9b $2.8b $2.8b $2.6b $2.9b $2.8b
Depreciation, Depletion and Amortization $2.5b $2.9b $2.9b $2.9b $2.8b $2.8b $2.6b $2.9b $2.8b
Deferred Income Tax Expense (Benefit) $1.4b ($429.0m) ($228.0m) $258.0m $278.0m $79.0m ($1.2b) $135.0m ($341.0m)
Provision (Credit) for deferred income tax $1.4b ($429.0m) ($228.0m) $258.0m $278.0m $79.0m ($1.2b) $135.0m ($341.0m)
Employee taxes paid for share-based payment arrangements ($81.0m) ($77.0m) ($60.0m) ($27.0m) ($12.0m) ($35.0m) ($42.0m) ($39.0m) ($18.0m)
Goodwill, Impairment Loss — — — — — — — — $690.0m
Payment, Tax Withholding, Share-based Payment Arrangement $81.0m $77.0m $60.0m $27.0m $12.0m $35.0m $42.0m $39.0m $18.0m
Restructuring Costs and Asset Impairment Charges $2.7b $221.0m $3.2b $708.0m $6.0m $118.0m $528.0m $103.0m $1.9b
Restructuring, goodwill impairment and asset related charges - net $2.7b $221.0m $3.2b $708.0m $6.0m $118.0m $528.0m $103.0m $1.9b
Share-based Payment Arrangement, Expense $310.0m $188.0m $158.0m $171.0m $276.0m $211.0m $212.0m $159.0m $154.0m
Gain (Loss) on Disposition of Assets $419.0m $38.0m $81.0m $802.0m $105.0m $19.0m $70.0m $65.0m $220.0m
Gain (Loss) on Disposition of Other Assets $117.0m $18.0m $67.0m $48.0m $105.0m $78.0m $80.0m $60.0m $10.0m
Gain (Loss) on Extinguishment of Debt $0 ($54.0m) ($102.0m) ($149.0m) ($574.0m) ($8.0m) $5.0m $5.0m ($78.0m)
Income (Loss) from Equity Method Investments $394.0m $555.0m ($94.0m) ($18.0m) $975.0m $268.0m ($119.0m) ($6.0m) ($240.0m)
Income Tax Expense (Benefit) $1.5b $809.0m $470.0m $777.0m $1.7b $1.4b ($4.0m) $399.0m ($67.0m)
Other Nonoperating Income (Expense) $98.0m $124.0m $103.0m $84.0m $10.0m $31.0m $125.0m $100.0m $120.0m
Proceeds from Sale of Equity Method Investments — — — $0 $0 $11.0m $63.0m $0 $125.0m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($253) ($108) ($1k) ($443) $651 ($696) ($387) ($348) ($439)
Changes in operating assets and liabilities:
Additional Financial Items
Accounts and notes receivable ($11.4b) ($855.0m) $1.3b $171.0m ($2.1b) $1.2b $1.2b ($224.0m) $73.0m
Accounts payable $1.1b $787.0m ($948.0m) ($84.0m) $2.5b ($1.3b) ($734.0m) $278.0m ($999.0m)
Asset Retirement Obligation, Accretion Expense $5.0m $3.0m $2.0m $3.0m $1.0m $2.0m $3.0m $4.0m $8.0m
Cash provided by (used for) investing activities $7.5b ($2.2b) ($2.2b) ($841.0m) ($2.9b) ($3.0b) ($2.9b) ($2.4b) ($2.1b)
Cash provided by (used for) operating activities ($4.9b) $4.3b $5.9b $6.2b $7.0b $7.5b $5.2b $2.9b $1.0b
Cash used for financing activities ($3.3b) ($5.4b) ($4.1b) ($2.8b) ($6.1b) ($3.4b) ($3.1b) ($1.2b) $2.5b
Changes in short-term notes payable $268.0m ($178.0m) $307.0m ($431.0m) ($48.0m) $253.0m ($249.0m) ($61.0m) ($5.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $0 $0 ($49.0m) $717.0m $16.0m — $0 $1.0m —
Distributions and loan repayments from nonconsolidated affiliates $69.0m $55.0m $89.0m $7.0m $51.0m $52.0m $2.0m $0 $0
Environmental Remediation Expense $163.0m $176.0m $588.0m $234.0m $158.0m — $203.0m $197.0m $63.0m
Equity Securities, FV-NI, Unrealized Gain (Loss) — $7.0m $5.0m $32.0m $13.0m $8.0m $7.0m $1.0m $5.0m
Foreign Currency Transaction Gain (Loss), before Tax ($72.0m) ($119.0m) $91.0m ($62.0m) ($8.0m) ($117.0m) ($340.0m) ($45.0m) $39.0m
Gain (Loss) Related to Litigation Settlement ($137.0m) — $205.0m $544.0m $54.0m $381.0m ($71.0m) — $42.0m
Goodwill $9.8b $9.8b $8.8b $8.9b $8.8b $8.6b $8.6b $8.6b $8.0b
Increase (Decrease) in Accounts Payable $1.1b $787.0m ($948.0m) ($84.0m) $2.5b ($1.3b) ($734.0m) $278.0m ($999.0m)
Increase (Decrease) in Inventories $891.0m $859.0m ($668.0m) ($515.0m) $1.8b ($347.0m) ($844.0m) $529.0m $52.0m
Inventories ($891.0m) ($859.0m) $668.0m $515.0m ($1.8b) $347.0m $844.0m ($529.0m) ($52.0m)
Investment in gas field developments ($121.0m) ($114.0m) ($76.0m) ($5.0m) ($92.0m) ($190.0m) ($215.0m) ($203.0m) ($157.0m)
Investments in and loans to nonconsolidated affiliates ($749.0m) ($18.0m) ($638.0m) ($333.0m) $0 ($148.0m) ($5.0m) ($28.0m) ($32.0m)
Net periodic pension benefit cost $1.0b $279.0m $144.0m $266.0m $39.0m $23.0m $548.0m ($210.0m) ($95.0m)
Nonoperating Income (Expense) ($154.0m) $96.0m $461.0m $1.3b ($35.0m) $727.0m ($280.0m) $415.0m $140.0m
Other assets and liabilities, net ($258.0m) ($731.0m) ($586.0m) $590.0m ($5.0m) ($1.1b) ($203.0m) ($1.1b) ($220.0m)
Other net loss $451.0m $415.0m $198.0m $318.0m $921.0m $212.0m $796.0m $239.0m $440.0m
Payments of Financing Costs — — $119.0m $175.0m $537.0m $24.0m $2.0m $14.0m $137.0m
Pension contributions ($1.7b) ($1.7b) ($261.0m) ($299.0m) ($1.2b) ($235.0m) ($142.0m) ($121.0m) ($209.0m)
Proceeds from (Repayments of) Accounts Receivable Securitization — — — — $0 $0 $18.0m ($9.0m) ($9.0m)
Proceeds from issuance of parent company stock $66.0m $112.0m $93.0m $108.0m $320.0m $212.0m $188.0m $166.0m $85.0m
Purchases of previously leased assets ($187.0m) ($26.0m) ($9.0m) ($5.0m) ($694.0m) ($7.0m) ($7.0m) $0 $0
Purchases of treasury stock $0 $0 ($500.0m) ($125.0m) ($1.0b) ($2.3b) ($625.0m) ($494.0m) $0
Revenue from Contract with Customer, Including Assessed Tax $43.7b $49.6b $43.0b $38.5b $55.0b $56.9b $44.6b $43.0b $40.0b
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment — — — — — — ($642.0m) — ($323.0m)
Gain (Loss) on Derivative Instruments, Net, Pretax ($296.0m) ($1.0m) $85.0m $82.0m ($283.0m) $155.0m — — —
Net Cash Provided by (Used in) Operating Activities ($4.9b) $4.3b $5.9b $6.2b $7.0b $7.5b $5.2b $2.9b $1.0b
Cash flows from investing activities:
Capital expenditures ($2.8b) ($2.1b) ($2.0b) ($1.3b) ($1.5b) ($1.8b) ($2.4b) ($2.9b) ($2.5b)
Cash flow hedging related to capital expenditures — — — — — — $0 $0 ($40.0m)
Proceeds from incentives related to capital expenditures — — — — — — $0 $0 $145.0m
Acquisitions of property and businesses, net of cash acquired $47.0m ($20.0m) $0 ($130.0m) ($129.0m) ($228.0m) ($114.0m) ($125.0m) $0
Payments to Acquire Businesses, Net of Cash Acquired ($47.0m) $20.0m $0 $130.0m $129.0m $228.0m $114.0m $125.0m $0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net $0 ($20.0m) — — — — — — —
Payments to Acquire Investments $642.0m $1.5b $899.0m $1.2b $1.4b $1.4b $2.3b $1.8b $881.0m
Purchases of investments ($642.0m) ($1.5b) ($899.0m) ($1.2b) ($1.4b) ($1.4b) ($2.3b) ($1.8b) ($881.0m)
Net gain on sales of assets, businesses and investments ($419.0m) ($38.0m) ($81.0m) ($802.0m) ($105.0m) ($19.0m) ($70.0m) ($65.0m) ($220.0m)
Proceeds from sales and maturities of investments $1.2b $1.2b $1.3b $1.1b $759.0m $747.0m $2.0b $2.5b $1.0b
Proceeds from sales of property and businesses, net of cash divested $522.0m $47.0m $84.0m $929.0m $68.0m $32.0m $95.0m $234.0m $139.0m
Other investing activities, net $34.0m $0 $0 $29.0m ($10.0m) ($50.0m) ($61.0m) ($33.0m) $32.0m
Payments for (Proceeds from) Other Investing Activities ($34.0m) $0 $0 ($29.0m) $10.0m $50.0m $61.0m $33.0m ($32.0m)
Net Cash Provided by (Used in) Investing Activities $7.5b ($2.2b) ($2.2b) ($841.0m) ($2.9b) ($3.0b) ($2.9b) ($2.4b) ($2.1b)
Cash flows from financing activities:
Proceeds from Short-term Debt, Maturing in More than Three Months — $0 $0 $163.0m $144.0m $0 $0 $143.0m $64.0m
Proceeds from issuance of long-term debt $0 $2.0b $2.3b $4.7b $109.0m $1.7b $104.0m $1.5b $2.8b
Transaction financing, debt issuance and other costs $0 ($70.0m) ($119.0m) ($175.0m) ($537.0m) ($24.0m) ($2.0m) ($14.0m) ($137.0m)
Payments on long-term debt ($617.0m) ($3.1b) ($5.6b) ($4.7b) ($2.8b) ($1.0b) ($446.0m) ($267.0m) ($1.5b)
Repayments of Long-term Debt — — — $134.0m $259.0m $121.0m $250.0m $83.0m $334.0m
Repayments of Short-term Debt, Maturing in More than Three Months — $0 $0 ($163.0m) ($130.0m) ($14.0m) $0 ($17.0m) ($63.0m)
Proceeds from Issuance of Common Stock $66.0m $112.0m $93.0m $108.0m $320.0m $212.0m $188.0m $166.0m $85.0m
Payments for Repurchase of Common Stock $0 $0 $500.0m $125.0m $1.0b $2.3b $625.0m $494.0m $0
Payments of Ordinary Dividends, Common Stock $1k $4k $535 $2k $2k $2k $2k $2k $1k
Distributions to noncontrolling interests ($101.0m) ($135.0m) ($77.0m) ($62.0m) ($73.0m) ($83.0m) ($89.0m) ($77.0m) ($173.0m)
Proceeds from Noncontrolling Interests — — — — — — $0 $0 $2.9b
Dividends paid to stockholders ($2.2b) $0 ($1.6b) ($2.1b) ($2.1b) ($2.0b) ($2.0b) ($2.0b) ($1.5b)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received $253.0m $108.0m $1.1b $443.0m ($651.0m) $696.0m $387.0m $348.0m $439.0m
Other financing activities, net ($4.0m) $3.0m $0 $0 — — $0 $0 ($6.0m)
Proceeds from (Payments for) Other Financing Activities ($4.0m) ($67.0m) $0 $0 — — — — ($6.0m)
Net Cash Provided by (Used in) Financing Activities ($3.3b) ($5.4b) ($4.1b) ($2.8b) ($6.1b) ($3.4b) ($3.1b) ($1.2b) $2.5b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $320.0m ($99.0m) ($27.0m) $107.0m ($99.0m) ($237.0m) ($45.0m) ($163.0m) $275.0m
Effect of exchange rate changes on cash, cash equivalents and restricted cash $320.0m ($99.0m) ($27.0m) $107.0m ($99.0m) ($237.0m) ($45.0m) ($163.0m) $275.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($416.0m) ($3.4b) ($384.0m) $2.7b ($2.1b) $907.0m ($892.0m) ($785.0m) $1.7b
Increase (decrease) in cash, cash equivalents and restricted cash ($416.0m) ($3.4b) ($384.0m) $2.7b ($2.1b) $907.0m ($892.0m) ($785.0m) $1.7b
Cash and cash equivalents at end of year $6.2b $2.7b $2.4b $5.1b $3.0b $3.9b $3.0b $2.2b $3.8b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $6.2b $2.8b $2.4b $5.1b $3.0b $3.9b $3.0b $2.3b $4.0b
Cash, cash equivalents and restricted cash at beginning of year $6.2b $2.8b $2.4b $5.1b $3.0b $3.9b $3.0b $2.3b $4.0b
Less: Restricted cash and cash equivalents, included in Other current assets $19.0m $40.0m $13.0m $4.0m $45.0m $54.0m $61.0m $74.0m $136.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.1b $1.1b $993.0m $842.0m $801.0m $675.0m $800.0m $887.0m $948.0m
Income Taxes Paid, Net ($81.0m) ($77.0m) ($60.0m) ($27.0m) ($12.0m) ($35.0m) ($42.0m) ($39.0m) $256.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.