← 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
Total Revenue $14.8b $14.7b $15.4b $15.1b $13.8b $16.8b $17.7b $18.2b $15.8b $15.9b
Cost of Revenue $8.1b $8.2b $9.0b $8.7b $7.8b $10.3b $11.1b $10.7b $9.3b $9.3b
Cost of sales, exclusive of depreciation and amortization $8.1b $8.2b $9.0b $8.7b $7.8b $10.3b $11.1b $10.7b $9.3b $9.3b
Gross Profit (Calculated) (derived) $6.7b $6.5b $6.4b $6.5b $6.1b $6.5b $6.6b $7.5b $6.6b $6.6b
Research and development, net $466.0m $453.0m $441.0m $432.0m $379.0m $439.0m $448.0m $433.0m $423.0m $423.0m
Selling, general and administrative $3.7b $3.6b $3.6b $3.6b $3.4b $3.8b $3.8b $4.2b $3.4b $3.4b
Operating Income (Loss) $2.4b $2.3b $2.1b $2.3b $2.1b $2.2b $2.0b $2.7b — —
Additional Financial Items
Amortization of Intangible Assets $121.0m $129.0m $143.0m $136.0m $138.0m $172.0m $166.0m $167.0m $132.0m $125.0m
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, Impairment Loss — — — — $5.0m — $40.0m $158.0m — —
Income (Loss) from Continuing Operations, Per Basic Share $2 $5 $5 $5 $4 $6 $4 $5 $6 $7
Income (Loss) from Continuing Operations, Per Diluted Share $2 $5 $5 $5 $4 $6 $4 $5 $6 $7
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
Investment Income, Interest $26.0m $20.0m $23.0m $32.0m $23.0m $26.0m $54.0m $140.0m $177.0m $153.0m
Other Income $176.0m $150.0m $114.0m $89.0m $68.0m $172.0m — — — —
Depreciation $341.0m $331.0m $354.0m $375.0m $371.0m $389.0m $388.0m $391.0m $360.0m $403.0m
Amortization $121.0m $129.0m $143.0m $136.0m $138.0m $172.0m $166.0m $167.0m $132.0m $125.0m
Interest income ($26.0m) ($20.0m) ($23.0m) ($32.0m) ($23.0m) ($26.0m) ($54.0m) ($140.0m) ($177.0m) ($153.0m)
Business restructuring, net $197.0m $0 $66.0m $176.0m $174.0m $31.0m $33.0m ($2.0m) $233.0m $6.0m
Impairment and other-related charges, net — — — — $93.0m $21.0m $245.0m $160.0m $146.0m $24.0m
Pension settlement charge — — — $0 $0 $50.0m $0 $190.0m $0 $0
Other charges/(income), net — — — — $36.0m ($143.0m) ($60.0m) $83.0m ($8.0m) $6.0m
Income from continuing operations $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 $313.0m $220.0m $18.0m $0 $3.0m $19.0m ($2.0m) $0 ($228.0m) $5.0m
Income from continuing operations, net of tax $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 before Income Taxes, Noncontrolling Interest $827.0m $2.0b $1.7b $1.7b $1.4b $1.8b $1.4b $1.7b $1.9b $2.0b
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
Income before income taxes $827.0m $2.0b $1.7b $1.7b $1.4b $1.8b $1.4b $1.7b $1.9b $2.0b
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
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
Net income attributable to the controlling and noncontrolling interests $899.0m $1.6b $1.4b $1.3b $1.1b $1.5b $1.1b $1.3b $1.1b $1.6b
Less: Net income attributable to noncontrolling interests $22.0m $21.0m $17.0m $26.0m $15.0m $21.0m $28.0m $39.0m $33.0m $16.0m
Earnings Per Share, Basic $3.30 $6.22 $5.50 $5.25 $4.47 $6.06 $4.34 $5.38 $4.77 $6.96
Earnings Per Share, Diluted $3.28 $6.18 $5.47 $5.22 $4.45 $6.01 $4.32 $5.35 $4.75 $6.94
Continuing operations (in dollars per share) $2.11 $5.32 $5.40 $5.22 $4.44 $5.93 $4.33 $5.35 $5.72 $6.92
Discontinued operations (in dollars per share) $1.17 $0.85 $0.07 $0.00 $0.01 $0.08 ($0.01) $0.00 ($0.97) $0.02
Weighted Average Number of Shares Outstanding, Basic 265.6m 256.1m 243.9m 236.9m 236.8m 237.6m 236.1m 236.0m 233.8m 226.3m
Weighted Average Number of Shares Outstanding, Diluted 267.4m 257.8m 245.4m 238.2m 237.9m 239.4m 237.3m 237.2m 234.9m 227.1m
Research and Development Expense $487.0m $474.0m $464.0m $456.0m $401.0m $463.0m $470.0m $456.0m $447.0m $446.0m
Selling, General and Administrative Expense $3.7b $3.6b $3.6b $3.6b $3.4b $3.8b $3.8b $4.2b $3.4b $3.4b
Other Nonoperating Income (Expense) — — — — — — $60.0m ($83.0m) $8.0m ($6.0m)
Business Combination, Acquisition Related Costs $9.0m $9.0m $6.0m $17.0m $9.0m $86.0m $10.0m $53.0m — —
Environmental Remediation Expense $94.0m $10.0m $78.0m $77.0m $38.0m $44.0m $13.0m $46.0m $30.0m $18.0m
Other Expenses $178.0m $64.0m $122.0m $98.0m $104.0m $29.0m — — — —
Restructuring and Related Cost, Incurred Cost — — — — — — — — $239.0m $39.0m
Restructuring Costs — — — $222.0m $224.0m $27.0m $75.0m $43.0m — —
Interest Expense (non-operating) — — — — — — — — $241.0m $241.0m
Interest Expense $125.0m $105.0m $118.0m $132.0m $138.0m $121.0m $167.0m $247.0m $241.0m $241.0m
Current Income Tax Expense (Benefit) $86.0m $577.0m $308.0m $397.0m $338.0m $339.0m $482.0m $622.0m $572.0m $485.0m
Income tax expense $241.0m $616.0m $353.0m $392.0m $291.0m $374.0m $325.0m $439.0m $475.0m $458.0m
Interest Income (Expense), Net ($99.0m) ($85.0m) ($95.0m) ($100.0m) ($115.0m) ($95.0m) ($113.0m) ($107.0m) — —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — — — — — — $39.0m $43.0m $45.0m
Income Tax Expense (Benefit) $241.0m $615.0m $353.0m $392.0m $291.0m $374.0m $325.0m $439.0m $475.0m $458.0m

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.