← PPG INDUSTRIES INC

Annual Trend FY 2016 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) Attributable to Parent $877.0m $1.6b $1.3b $1.2b $1.1b $1.4b $1.0b $1.3b $1.1b $1.6b
Income from continuing operations $586.0m $1.4b $1.3b $1.3b $1.1b $1.4b $1.1b $1.3b $1.4b $1.6b
Cash used for investing activities - continuing operations $450.0m ($63.0m) ($764.0m) ($1.0b) — — ($430.0m) ($525.0m) ($399.0m) ($700.0m)
Cash from/(used for) investing activities - discontinued operations ($14.0m) ($4.0m) $0 $0 — — ($31.0m) ($31.0m) $506.0m $0
Cash used for financing activities - continuing operations ($1.2b) — — — — — ($409.0m) ($1.6b) ($1.4b) ($545.0m)
Cash used for financing activities - discontinued operations $0 — — — — — $0 $0 $0 $0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $899.0m $1.6b $1.4b $1.3b $1.1b $1.5b $1.1b $1.3b $1.1b $1.6b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $564.0m $1.4b $1.3b $1.2b $1.1b $1.4b $1.0b $1.3b $1.3b $1.6b
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $586.0m $1.4b $1.3b $1.3b $1.1b $1.4b $1.1b $1.3b $1.4b $1.6b
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $313.0m $225.0m $18.0m $0 $3.0m $19.0m ($2.0m) $0 ($228.0m) $5.0m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $313.0m $225.0m $18.0m $0 $3.0m $19.0m ($2.0m) $0 ($228.0m) $5.0m
Net Income (Loss) Attributable to Noncontrolling Interest $22.0m $21.0m $17.0m $26.0m $15.0m $21.0m $28.0m $39.0m $33.0m $16.0m
Depreciation and amortization $462.0m $460.0m $497.0m $511.0m $509.0m $561.0m $554.0m $558.0m $492.0m $528.0m
Amortization of Intangible Assets $121.0m $129.0m $143.0m $136.0m $138.0m $172.0m $166.0m $167.0m $132.0m $125.0m
Depreciation $341.0m $331.0m $354.0m $375.0m $371.0m $389.0m $388.0m $391.0m $360.0m $403.0m
Depreciation, Nonproduction $21.0m $21.0m $23.0m $24.0m $22.0m $24.0m $22.0m $23.0m $24.0m $23.0m
Deferred Income Tax Expense (Benefit) $155.0m $38.0m $45.0m ($5.0m) ($47.0m) $35.0m ($157.0m) ($183.0m) ($97.0m) ($27.0m)
Deferred income taxes $155.0m $36.0m $45.0m ($5.0m) ($47.0m) $35.0m ($157.0m) ($183.0m) ($97.0m) ($27.0m)
Share-based Payment Arrangement, Noncash Expense $39.0m $35.0m $37.0m $39.0m $44.0m $57.0m $35.0m $59.0m $42.0m $46.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $28.0m $15.0m $20.0m $17.0m $19.0m — — — —
Goodwill and Intangible Asset Impairment — — — — — — — — — $24.0m
Goodwill, Impairment Loss — — — — $5.0m — $40.0m $158.0m — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $147.0m — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — $38.0m $38.0m $4.0m $2.0m $2.0m $2.0m
Impairment and other-related charges, net — — $0 $0 $93.0m $21.0m $245.0m $160.0m $146.0m $24.0m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — $26.0m $0 $0 $34.0m — — — —
Gain (Loss) on Disposition of Assets — — $33.0m $7.0m $5.0m $47.0m $10.0m ($23.0m) $129.0m $18.0m
Gain (Loss) on Disposition of Business — $25.0m $0 $0 — — — — — —
Gain (Loss) on Disposition of Other Assets — — $26.0m $0 $0 — — — — —
Gain (Loss) on Extinguishment of Debt $0 — — — ($7.0m) — — — — —
Gain (Loss) on Disposition of Assets for Financial Service Operations $6.0m $28.0m — — — — — — — —
Income (Loss) from Equity Method Investments $12.0m $12.0m $16.0m $11.0m $8.0m $15.0m $25.0m $21.0m $20.0m $19.0m
Income Tax Expense (Benefit) $241.0m $615.0m $353.0m $392.0m $291.0m $374.0m $325.0m $439.0m $475.0m $458.0m
Interest Expense Nonoperating — — — — — — — — $241.0m $241.0m
Other Nonoperating Income (Expense) — — — — — — $60.0m ($83.0m) $8.0m ($6.0m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $4 $4 $1 ($4) ($10) — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($61.0m) $116.0m $109.0m ($145.0m) ($111.0m) $279.0m $227.0m ($203.0m) $27.0m $35.0m
Environmental Remediation Expense $94.0m $10.0m $78.0m $77.0m $38.0m $44.0m $13.0m $46.0m $30.0m $18.0m
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — — ($20.0m) ($110.0m) $0
Gain (Loss) Related to Litigation Settlement — $18.0m $0 $0 — $22.0m $0 $0 — —
Goodwill $3.6b $3.9b $4.1b $4.5b $5.1b $6.2b $6.1b $6.2b $5.7b $6.1b
Investment Income, Interest $26.0m $20.0m $23.0m $32.0m $23.0m $26.0m $54.0m $140.0m $177.0m $153.0m
Pension Cost (Reversal of Cost) $86.0m $65.0m $43.0m $54.0m $43.0m ($36.0m) — — — —
Pension Expense (Reversal of Expense), Noncash — — — — — $50.0m $0 $190.0m $0 $0
Proceeds from Stock Options Exercised $32.0m $52.0m $15.0m $61.0m $54.0m $47.0m $12.0m $55.0m $24.0m $20.0m
Restructuring Costs — — — $222.0m $224.0m $27.0m $75.0m $43.0m — —
Pension settlement charge $968.0m $60.0m $0 $0 $13.0m $50.0m $0 $190.0m $0 $0
Stock-based compensation expense $39.0m $42.0m $37.0m $39.0m $44.0m $57.0m $35.0m $59.0m $42.0m $46.0m
Business restructuring, net $197.0m $0 $66.0m $176.0m $174.0m $31.0m $33.0m ($2.0m) $233.0m $6.0m
Cash contributions to pension plans ($204.0m) ($87.0m) ($99.0m) ($13.0m) ($17.0m) ($10.0m) ($11.0m) ($46.0m) ($26.0m) ($29.0m)
Cash used for restructuring actions ($78.0m) ($49.0m) ($66.0m) ($58.0m) ($126.0m) ($77.0m) ($85.0m) ($57.0m) ($52.0m) ($82.0m)
Receivables ($59.0m) ($76.0m) ($69.0m) $121.0m $187.0m ($63.0m) ($268.0m) $10.0m ($181.0m) ($190.0m)
Inventories $61.0m ($116.0m) ($109.0m) $145.0m $111.0m ($279.0m) ($227.0m) $203.0m ($27.0m) ($35.0m)
Other current assets $24.0m ($43.0m) $5.0m ($95.0m) $49.0m $32.0m ($60.0m) ($53.0m) ($30.0m) ($1.0m)
Accounts payable and accrued liabilities $135.0m $186.0m ($76.0m) ($63.0m) $127.0m $295.0m ($8.0m) $130.0m ($259.0m) $67.0m
Noncurrent assets and liabilities, net ($56.0m) ($170.0m) ($207.0m) ($13.0m) ($25.0m) ($109.0m) ($136.0m) ($47.0m) ($73.0m) ($40.0m)
Taxes and interest payable ($247.0m) ($124.0m) $50.0m ($32.0m) ($108.0m) ($64.0m) $143.0m $71.0m ($31.0m) ($105.0m)
Other $24.0m ($43.0m) ($14.0m) ($8.0m) ($39.0m) ($13.0m) ($24.0m) ($16.0m) ($25.0m) ($30.0m)
Cash (used for)/from investing activities $436.0m ($67.0m) ($764.0m) ($1.0b) ($1.4b) ($2.4b) ($461.0m) ($556.0m) $107.0m ($700.0m)
Proceeds from Term Loan, net of fees — — — $0 $0 $1.4b $0 $550.0m $274.0m $309.0m
Repayment of Term Loan Credit Agreement — — — — $0 $0 ($300.0m) ($1.1b) $0 $0
Purchase of treasury stock ($1.1b) ($813.0m) ($1.7b) ($325.0m) $0 ($210.0m) ($190.0m) ($86.0m) ($752.0m) ($790.0m)
Cash used for financing activities ($1.2b) ($2.0b) ($1.2b) ($758.0m) ($59.0m) $93.0m ($409.0m) ($1.6b) ($1.4b) ($545.0m)
Cash reclassified to assets held for sale — — $0 $0 ($20.0m) $0 $0 ($5.0m) $0 $0
Capital expenditures accrued within Accounts payable and accrued liabilities at year-end — — — $53.0m $37.0m $163.0m $76.0m $174.0m $160.0m $147.0m
Purchases of treasury stock transacted but not yet settled — — — $0 $0 $40.0m $0 $14.0m $12.0m $4.0m
Net Cash Provided by (Used in) Operating Activities $1.3b $1.6b $1.5b $2.1b $2.1b $1.6b $963.0m $2.4b $1.4b $1.9b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $402.0m $360.0m $411.0m $413.0m $304.0m $371.0m $518.0m $549.0m $721.0m $778.0m
Payments to Acquire Businesses, Net of Cash Acquired $349.0m $225.0m $378.0m $643.0m $1.2b $2.1b $114.0m $109.0m $31.0m $1.0m
Business acquisitions, net of cash balances acquired ($349.0m) ($225.0m) ($378.0m) ($643.0m) ($1.2b) ($2.1b) ($114.0m) ($109.0m) ($31.0m) ($1.0m)
Proceeds from divestiture of businesses — — — — $0 $47.0m $117.0m $36.0m $325.0m $43.0m
Payments for (Proceeds from) Other Investing Activities ($27.0m) ($27.0m) ($3.0m) ($27.0m) ($9.0m) ($57.0m) ($54.0m) ($66.0m) ($28.0m) ($36.0m)
Net Cash Provided by (Used in) Investing Activities $436.0m ($67.0m) ($764.0m) ($1.0b) ($1.4b) ($2.4b) ($461.0m) ($556.0m) $107.0m ($700.0m)
Cash flows from financing activities:
Proceeds from the issuance of debt, net of discounts and fees $988.0m $0 $992.0m $595.0m $415.0m $692.0m $1.1b $0 $0 $1.6b
Repayment of long-term debt ($379.0m) ($588.0m) ($6.0m) ($637.0m) ($504.0m) ($850.0m) $0 ($300.0m) ($300.0m) ($1.0b)
Payments for Repurchase of Common Stock $1.1b $813.0m $1.7b $325.0m $0 $210.0m $190.0m $86.0m $752.0m $790.0m
Dividends paid $414 $434 $453 $468 $496 $536 $570 $598 $622 $628
Dividends paid on PPG common stock ($414) ($434) ($453) ($468) ($496) ($536) ($570) ($598) ($622) ($628)
Proceeds from (Payments for) Other Financing Activities $24.0m ($43.0m) ($14.0m) ($8.0m) ($39.0m) ($13.0m) ($24.0m) ($16.0m) ($25.0m) ($30.0m)
Net Cash Provided by (Used in) Financing Activities ($1.2b) ($2.0b) ($1.2b) ($758.0m) ($59.0m) $93.0m ($409.0m) ($1.6b) ($1.4b) ($545.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $6.0m ($72.0m) $1.0m $110.0m ($325.0m) $197.0m
Effect of currency exchange rate changes on cash and cash equivalents ($68.0m) $69.0m ($32.0m) $1.0m $6.0m ($72.0m) $1.0m $110.0m ($325.0m) $197.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $610.0m ($821.0m) $94.0m $415.0m ($223.0m) $893.0m
Net increase/(decrease) in cash and cash equivalents $509.0m ($384.0m) ($534.0m) $314.0m $610.0m ($821.0m) $94.0m $415.0m ($223.0m) $893.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $1.8b $1.0b $1.1b $1.5b $1.3b $2.2b
Cash and cash equivalents, beginning of year $1.3b $1.8b $1.4b $902.0m $1.8b $1.0b $1.1b $1.5b $1.3b $2.2b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $118.0m $100.0m $108.0m $127.0m $153.0m $140.0m $156.0m $213.0m $247.0m $210.0m
Income Taxes Paid, Net $349.0m $648.0m $380.0m $348.0m $367.0m $491.0m $452.0m $495.0m $653.0m $438.0m

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.