PPG INDUSTRIES INC
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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.
Mar 31, 2025 · Filed Apr 30, 2025
PPG$124.42-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statement of Cash Flows (Unaudited)
| Three Months Ended March 31 | ||
|---|---|---|
| ($ in millions) | 2025 | 2024 |
| Operating activities: | ||
| Net income attributable to controlling and noncontrolling interests | $378 | $409 |
| Less: Loss from discontinued operations | (2) | (5) |
| Income from continuing operations | $380 | $414 |
| Adjustments to reconcile net income to cash (used for)/from operations: | ||
| Depreciation and amortization | 121 | 130 |
| Stock-based compensation expense | 23 | 11 |
| Deferred income taxes | (20) | (44) |
| Cash used for restructuring actions | (18) | (10) |
| Change in certain asset and liability accounts (net of acquisitions): | ||
| Receivables | (396) | (268) |
| Inventories | (230) | (189) |
| Other current assets | (34) | (65) |
| Accounts payable and accrued liabilities | 202 | (53) |
| Taxes and interest payable | 1 | 88 |
| Noncurrent assets and liabilities, net | (43) | 6 |
| Other | (2) | (13) |
| Cash (used for)/from operating activities - continuing operations | ($16) | $7 |
| Cash used for operating activities - discontinued operations | (2) | (67) |
| Cash used for operating activities | ($18) | ($60) |
| Investing activities: | ||
| Capital expenditures | ($209) | ($252) |
| Business acquisitions, net of cash balances acquired | — | (10) |
| Other | 41 | 27 |
| Cash used for investing activities - continuing operations | ($168) | ($235) |
| Cash used for investing activities - discontinued operations | — | (4) |
| Cash used for investing activities | ($168) | ($239) |
| Financing activities: | ||
| Proceeds from Term Loan, net of fees | 309 | 274 |
| Proceeds from the issuance of debt, net of discounts and fees | 940 | — |
| Purchase of treasury stock | (394) | (149) |
| Dividends paid on PPG common stock | (154) | (153) |
| Other | (3) | (7) |
| Cash from/(used for) financing activities - continuing operations | $698 | ($35) |
| Cash used for financing activities - discontinued operations | — | — |
| Cash from/(used for) financing activities | $698 | ($35) |
| Effect of currency exchange rate changes on cash and cash equivalents | 48 | 1 |
| Cash reclassified from assets held for sale | — | 8 |
| Net increase/(decrease) in cash and cash equivalents | $560 | ($325) |
| Cash and cash equivalents, beginning of period | 1,270 | 1,493 |
| Cash and cash equivalents, end of period | $1,830 | $1,168 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid, net of amount capitalized | $55 | $66 |
| Taxes paid, net of refunds | $123 | $93 |
| Supplemental disclosure of noncash investing activities: | ||
| Capital expenditures accrued within Accounts payable and accrued liabilities at period-end | $63 | $47 |
| Purchases of treasury stock transacted but not yet settled | $— | $15 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.