PPG INDUSTRIES INC (PPG) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

Swipe to see the full flow
PPG INDUSTRIES INC cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Income from continuing operations → Net cash from operating activities: $442,000,000.00Accounts payable and accrued liabilities → Operating adjustments reconciliation: $272,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $134,000,000.00Taxes and interest payable → Operating adjustments reconciliation: $67,000,000.00Other → Operating adjustments reconciliation: $25,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $16,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $117,000,000.00Operating adjustments reconciliation → Receivables: $280,000,000.00Operating adjustments reconciliation → Deferred income taxes: $44,000,000.00Operating adjustments reconciliation → Inventories: $33,000,000.00Operating adjustments reconciliation → Noncurrent assets and liabilities, net: $17,000,000.00Operating adjustments reconciliation → Cash used for restructuring actions: $12,000,000.00Operating adjustments reconciliation → Other current assets: $9,000,000.00Operating adjustments reconciliation → Cash used for operating activities - discontinued operations: $2,000,000.00Net cash used in investing activities → investing reconciliation: $179,000,000.00investing reconciliation → Capital expenditures: $113,000,000.00investing reconciliation → Business acquisitions, net of cash balances acquired: $66,000,000.00Net cash used in financing activities → financing reconciliation: $444,000,000.00Proceeds from the issuance of debt, net of discounts and fees → financing reconciliation: $403,000,000.00financing reconciliation → Remaining financing cash flows, net (calculated): $567,000,000.00financing reconciliation → Dividends paid on PPG common stock: $158,000,000.00financing reconciliation → Purchase of treasury stock: $79,000,000.00financing reconciliation → Other: $43,000,000.00Exchange-rate effect → Cash sources and uses: $11,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,573,000,000.00Net cash from operating activities → Cash sources and uses: $559,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,520,000,000.00Cash sources and uses → Net cash used in investing activities: $179,000,000.00Cash sources and uses → Net cash used in financing activities: $444,000,000.00Cash used for operating activities - discontinued operations: -$2,000,000.00Discontinued operations cash−$2.00 MIncome from continuing operations: $442,000,000.00Continuing ops income (loss)+$442.00 MDepreciation and amortization: $134,000,000.00Depreciation & amortization+$134.00 MStock-based compensation expense: $16,000,000.00Stock-based compensation+$16.00 MDeferred income taxes: -$44,000,000.00Deferred income taxes−$44.00 MCash used for restructuring actions: -$12,000,000.00Restructuring payments−$12.00 MReceivables: -$280,000,000.00Receivables, net−$280.00 MInventories: -$33,000,000.00Inventories−$33.00 MOther current assets: -$9,000,000.00Other current assets−$9.00 MAccounts payable and accrued liabilities: $272,000,000.00Payables & accrued liabilities+$272.00 MTaxes and interest payable: $67,000,000.00Taxes and interest payable+$67.00 MNoncurrent assets and liabilities, net: -$17,000,000.00Other noncurrent items−$17.00 MOther: $25,000,000.00Other non-cash items+$25.00 MNet cash from operating activities: $559,000,000.00Operating cash+$559.00 MOperating adjustments reconciliation: $514,000,000.00Proceeds from Term Loan, net of fees: $0.00Proceeds from the issuance of debt, net of discounts and fees: $403,000,000.00Other debt issued+$403.00 MRepayment of long-term debt: -$0.00Purchase of treasury stock: -$79,000,000.00Common stock repurchases−$79.00 MDividends paid on PPG common stock: -$158,000,000.00Common dividends paid−$158.00 MOther: -$43,000,000.00Other financing, net−$43.00 MRemaining financing cash flows, net (calculated): -$567,000,000.00Remaining financing (calculated)−$567.00 MNet cash used in financing activities: -$444,000,000.00. Cash required to fund net payments.Financing cash−$444.00 Mfinancing reconciliation: $847,000,000.00Capital expenditures: -$113,000,000.00PP&E purchases−$113.00 MBusiness acquisitions, net of cash balances acquired: -$66,000,000.00Acquisitions, net of cash−$66.00 MOther: $0.00Net cash used in investing activities: -$179,000,000.00. Cash required to fund net payments.Investing cash−$179.00 Minvesting reconciliation: $179,000,000.00Cash sources and uses: $2,143,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,573,000,000.00Beginning cash$1.57 BEnding cash: Cash, cash equivalents, and restricted cash: $1,520,000,000.00Ending cash$1.52 BExchange-rate effect: $11,000,000.00FX effect+$11.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$446.00 MOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change−$53.00 MEnding cash − beginning cash
Chart details

PPG INDUSTRIES INC cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
1,573,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
559,000,000 US dollars. Net cash provided.
Cash used for operating activities - discontinued operations
negative 2,000,000 US dollars
Income from continuing operations
442,000,000 US dollars
Depreciation and amortization
134,000,000 US dollars
Stock-based compensation expense
16,000,000 US dollars
Deferred income taxes
negative 44,000,000 US dollars
Cash used for restructuring actions
negative 12,000,000 US dollars
Receivables
negative 280,000,000 US dollars
Inventories
negative 33,000,000 US dollars
Other current assets
negative 9,000,000 US dollars
Accounts payable and accrued liabilities
272,000,000 US dollars
Taxes and interest payable
67,000,000 US dollars
Noncurrent assets and liabilities, net
negative 17,000,000 US dollars
Other
25,000,000 US dollars
Investing activities
negative 179,000,000 US dollars. Net cash used.
Capital expenditures
negative 113,000,000 US dollars
Business acquisitions, net of cash balances acquired
negative 66,000,000 US dollars
Other
0 US dollars
Financing activities
negative 444,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Net proceeds from commercial paper), so those amounts cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from Term Loan, net of fees
0 US dollars
Proceeds from the issuance of debt, net of discounts and fees
403,000,000 US dollars
Repayment of long-term debt
0 US dollars
Purchase of treasury stock
negative 79,000,000 US dollars
Dividends paid on PPG common stock
negative 158,000,000 US dollars
Other
negative 43,000,000 US dollars
Remaining financing cash flows, net (calculated)
negative 567,000,000 US dollars
Operating adjustment reconciliation
514,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
847,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
179,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
11,000,000 US dollars
Ending cash on Jun 30, 2026
1,520,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,143,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 53,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
559,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
113,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
446,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $117.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 559,000,000 US dollars minus 113,000,000 US dollars equals 446,000,000 US dollars.
PPG INDUSTRIES INC (PPG) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!