← 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 TTM
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 +81.76%
$1.3b -15.87%
$1.2b -7.31%
$1.1b -14.80%
$1.4b +35.88%
$1.0b -28.70%
$1.3b +23.78%
$1.1b -12.13%
$1.6b +41.22%
—
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 —
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 $538.0m
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 $419.0m
Depreciation, Nonproduction $21.0m $21.0m $23.0m $24.0m $22.0m $24.0m $22.0m $23.0m $24.0m $23.0m $538.0m
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) ($38.0m)
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 $37.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $28.0m $15.0m $20.0m $17.0m $19.0m — — — — —
Stock-based compensation expense $39.0m $42.0m $37.0m $39.0m $44.0m $57.0m $35.0m $59.0m $42.0m $46.0m $37.0m
Goodwill and Intangible Asset Impairment — — — — — — — — — $24.0m —
Goodwill, Impairment Loss — — — — $5.0m — $40.0m $158.0m — — $24.0m
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 —
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 —
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:
Receivables ($59.0m) ($76.0m) ($69.0m) $121.0m $187.0m ($63.0m) ($268.0m) $10.0m ($181.0m) ($190.0m) ($68.0m)
Increase (Decrease) in Inventories ($61.0m) $116.0m $109.0m ($145.0m) ($111.0m) $279.0m $227.0m ($203.0m) $27.0m $35.0m $32.0m
Inventories $61.0m ($116.0m) ($109.0m) $145.0m $111.0m ($279.0m) ($227.0m) $203.0m ($27.0m) ($35.0m) $32.0m
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 $248.0m
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 ($757.0m)
Gain (Loss) on Disposition of Other Assets — — $26.0m $0 $0 — — — — — —
Other current assets $24.0m ($43.0m) $5.0m ($95.0m) $49.0m $32.0m ($60.0m) ($53.0m) ($30.0m) ($1.0m) ($116.0m)
Net Cash Provided by (Used in) Operating Activities $1.3b
$1.6b +18.34%
$1.5b -6.44%
$2.1b +41.79%
$2.1b +2.40%
$1.6b -26.67%
$963.0m -38.35%
$2.4b +150.36%
$1.4b -41.10%
$1.9b +36.69%
$2.2b +11.23%
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 ($757.0m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — $26.0m $0 $0 $34.0m — — — — —
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 ($146.0m)
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 $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) —
Cash used for investing activities - continuing operations $450.0m ($63.0m) ($764.0m) ($1.0b) — — ($430.0m) ($525.0m) ($399.0m) ($700.0m) —
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) ($870.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt $0 — — — ($7.0m) — — — — — —
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 on PPG common stock ($414) ($434) ($453) ($468) ($496) ($536) ($570) ($598) ($622) ($628) ($637.0m)
Dividends paid $414 $434 $453 $468 $496 $536 $570 $598 $622 $628 ($637.0m)
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) —
Cash used for financing activities - continuing operations ($1.2b) ($2.0b) ($1.2b) ($758.0m) ($59.0m) $93.0m ($409.0m) ($1.6b) ($1.4b) ($545.0m) —
Cash used for financing activities - discontinued operations $0 — — — — — $0 $0 $0 $0 —
Net Cash Provided by (Used in) Financing Activities ($1.2b)
($2.0b) -65.03%
($1.2b) +38.33%
($758.0m) +37.10%
($59.0m) +92.22%
$93.0m +257.63%
($409.0m) -539.78%
($1.6b) -278.97%
($1.4b) +8.06%
($545.0m) +61.75%
($1.4b) -149.54%
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, Period Increase (Decrease), Including Exchange Rate Effect — — — — $610.0m ($821.0m) $94.0m $415.0m ($223.0m) $893.0m $1.5b
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 —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $1.8b $1.0b $1.1b $1.5b $1.3b $2.2b $1.5b
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 $25.0m
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 —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
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 —
Additional Financial Items
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) 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) Related to Litigation Settlement — $18.0m $0 $0 — $22.0m $0 $0 — — —
Gain (Loss) on Disposition of Assets for Financial Service Operations $6.0m $28.0m — — — — — — — — —
Goodwill $3.6b $3.9b $4.1b $4.5b $5.1b $6.2b $6.1b $6.2b $5.7b $6.1b $24.0m
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 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 —
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 — — —
Income from continuing operations $586.0m $1.4b $1.3b $1.3b $1.1b $1.4b $1.1b $1.3b $1.4b $1.6b —
Pension settlement charge $968.0m $60.0m $0 $0 $13.0m $50.0m $0 $190.0m $0 $0 —
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) —
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) —
Cash from/(used for) investing activities - discontinued operations ($14.0m) ($4.0m) $0 $0 — — ($31.0m) ($31.0m) $506.0m $0 —
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 reclassified to assets held for sale — — $0 $0 ($20.0m) $0 $0 ($5.0m) $0 $0 —
Purchases of treasury stock transacted but not yet settled — — — $0 $0 $40.0m $0 $14.0m $12.0m $4.0m —

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.