James Hardie Industries plc
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
JHX$29.05-3.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Six Months Ended September 30, | ||
|---|---|---|
| (Millions of U.S. dollars) | 2026 | 2025 |
| Cash Flows from Operating Activities | ||
| Net income | $255.3 | $6.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 331.4 | 182.9 |
| Lease expense | 24.1 | 18.5 |
| Deferred income taxes | 31.8 | 7.7 |
| Share-based compensation | 30.3 | 19.9 |
| Asbestos adjustments | (1.3) | 0.9 |
| Non-cash restructuring expenses | 2.5 | — |
| Non-cash interest expense | 4.8 | 4.3 |
| Non-cash charge related to step up of inventory | — | 47.9 |
| Other, net | 3.6 | 28.6 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables | 42.3 | 101.4 |
| Inventories | 54.1 | (50.2) |
| Operating lease assets and liabilities, net | (28.4) | (20.9) |
| Prepaid expenses and other assets | (1.8) | (14.9) |
| Insurance receivable — Asbestos | 1.2 | 1.7 |
| Accounts payable and accrued liabilities | 2.8 | (9.1) |
| Claims and handling costs paid — Asbestos | (65.2) | (61.0) |
| Income taxes payable | 10.3 | (3.3) |
| Other accrued liabilities and interest | (4.1) | (6.9) |
| Net cash provided by operating activities | $693.7 | $254.3 |
| Cash Flows from Investing Activities | ||
| Purchases of property, plant and equipment | $(158.3) | $(195.9) |
| Capitalized interest | — | (5.1) |
| Cash consideration for The AZEK Company acquisition, net of cash acquired | — | (3,919.8) |
| Purchase of restricted investments — Asbestos | (117.9) | (96.4) |
| Proceeds from restricted investments — Asbestos | 104.1 | 96.4 |
| Net cash used in investing activities | $(172.1) | $(4,120.8) |
| Cash Flows from Financing Activities | ||
| Proceeds from senior secured notes | $— | $1,700.0 |
| Proceeds from revolving facility | 530.0 | — |
| Proceeds from term loans | — | 2,500.0 |
| Repayments of term loans | (121.9) | (301.6) |
| Repayments of revolving facility | (530.0) | — |
| Repayment of senior unsecured notes | (400.0) | — |
| Debt issuance costs paid | — | (42.0) |
| Proceeds from exercise of vested stock options | 13.5 | — |
| Repayment of finance lease obligations | (3.0) | (1.5) |
| Cash paid for shares withheld for taxes | (1.9) | (6.3) |
| Net cash (used in) provided by financing activities | $(513.3) | $3,848.6 |
| Effects of exchange rate changes on cash and cash equivalents and restricted cash | $(0.1) | $(0.7) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 8.2 | (18.6) |
| Cash and cash equivalents and restricted cash including discontinued operations at beginning of period | 344.4 | 605.6 |
| Cash and cash equivalents and restricted cash including discontinued operations at end of period | $352.6 | $587.0 |
| Non-Cash Investing and Financing Activities | ||
| Capital expenditures incurred but not yet paid | $20.7 | $35.5 |
| Non-cash ROU assets obtained in exchange for new lease liabilities | $21.3 | $13.6 |
| Non-cash consideration for AZEK acquisition | $— | $4,143.6 |
| Supplemental Disclosure of Cash Flow Activities | ||
| Cash paid for interest | $125.8 | $61.0 |
| Cash paid to AICF | $22.2 | $31.4 |
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