PPG INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 17, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 17, 2024
PPG$124.42-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statement of Cash Flows (Unaudited)
| Nine Months Ended September 30 | ||
|---|---|---|
| ($ in millions) | 2024 | 2023 |
| Operating activities: | ||
| Net income attributable to controlling and noncontrolling interests | $1,420 | $1,206 |
| Adjustments to reconcile net income to cash from operations: | ||
| Depreciation and amortization | 404 | 408 |
| Pension settlement charge | — | 190 |
| Stock-based compensation expense | 32 | 42 |
| Deferred income taxes | (68) | (131) |
| Cash used for restructuring actions | (37) | (44) |
| Change in certain asset and liability accounts (net of acquisitions): | ||
| Receivables | (436) | (358) |
| Inventories | (163) | 70 |
| Other current assets | (36) | (70) |
| Accounts payable and accrued liabilities | (26) | 72 |
| Taxes and interest payable | 2 | 92 |
| Noncurrent assets and liabilities, net | 20 | (133) |
| Other | (38) | 169 |
| Cash from operating activities | $1,074 | $1,513 |
| Investing activities: | ||
| Capital expenditures | ($523) | ($381) |
| Business acquisitions, net of cash balances acquired | (29) | (108) |
| Proceeds from asset sales | — | 25 |
| Payments for the settlement of cross currency swap contracts | (107) | (13) |
| Proceeds from the settlement of cross currency swap contracts | 118 | 60 |
| Other | 30 | 18 |
| Cash used for investing activities | ($511) | ($399) |
| Financing activities: | ||
| Net proceeds from commercial paper and short-term debt | $408 | $— |
| Net change in borrowing with maturities of three months or less | (1) | (16) |
| Proceeds from Term Loan, net of fees | 274 | 550 |
| Repayment of Term Loan Credit Agreement | — | (800) |
| Repayment of long-term debt | (300) | (300) |
| Purchase of treasury stock | (511) | — |
| Dividends paid on PPG common stock | (464) | (445) |
| Other | (23) | 6 |
| Cash used for financing activities | ($617) | ($1,005) |
| Effect of currency exchange rate changes on cash and cash equivalents | (209) | 10 |
| Net (decrease)/increase in cash and cash equivalents | ($263) | $119 |
| Cash and cash equivalents, beginning of period | 1,514 | 1,099 |
| Cash and cash equivalents, end of period | $1,251 | $1,218 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid, net of amount capitalized | $198 | $181 |
| Taxes paid, net of refunds | $481 | $378 |
| Supplemental disclosure of noncash investing activities: | ||
| Capital expenditures accrued within Accounts payable and accrued liabilities at period-end | $89 | $75 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.