Income StatementBalance SheetCash FlowSegments
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PPG Industries Cash Flow Statement

Operating, investing, and financing cash movements

PPG Industries generated $2.0B in operating cash flow over the trailing twelve months. After $765.0M in capital expenditures, free cash flow was $1.2B. Free cash flow increased 0.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.0BNet Cash From Investing (TTM)-$811.0MNet Cash From Financing (TTM)-$1.6BCapital Expenditures (TTM)$765.0MDepreciation And Amortization Cf (TTM)$539.0MNet Change In Cash (TTM)$463.0M
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$23.1B
P/E Ratio14.58
ROE21.09%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$2.0M$0.0$0.0$0.0$1.0M$79.0M
Capital expenditures$208.0M$209.0M$121.0M$147.0M$301.0M$196.0M
Net cash from investing activities$618.0M-$168.0M-$120.0M-$129.0M-$283.0M-$279.0M
Other investing activities—-$41.0M-$1.0M-$18.0M—$4.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in Other Non-Current Assets and Liabilities, Net—$43.0M—$20.0M—$39.0M
Change in accounts payable-$211.0M$202.0M$98.0M——$209.0M
Change in inventories—$230.0M$26.0M——$156.0M
Change in other assets$18.3M$10.0M$10.0M$10.0M$10.0M—
Change in other current assets—$34.0M-$37.0M-$26.0M$30.0M$103.0M
Other working capital changes$95.0M$2.0M-$124.0M-$46.0M-$19.0M$26.0M
Change in receivables—$396.0M$349.0M——$343.0M
Deferred income taxes-$31.0M-$20.0M-$2.0M-$20.0M—$11.0M
Depreciation and amortization$119.0M$121.0M$135.0M$138.0M$134.0M$132.0M
Net cash from operating activities$346.0M-$18.0M$387.0M$685.0M$887.0M$33.0M
Net income—$378.0M$458.0M$447.0M$300.0M$385.0M
Increase Decrease In In Accrued Interest And Taxes$33.0M-$1.0M$95.0M$0.0$14.0M$32.0M
Stock-based compensation$12.0M$23.0M$13.0M-$1.0M$11.0M$11.0M
Income (Loss) from Discontinued Operations, Net of Tax—-$2.0M$0.0$9.0M—$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Borrowings, Net—$940.0M———$0.0
Repayments of debt-$300.0M$0.0$341.0M$0.0-$341.0M$700.0M
Dividends paid$158.0M$154.0M$154.0M$160.0M$160.0M$159.0M
Repayments of Long-Term Lines of Credit$0.0$0.0$0.0$0.0$0.0—
Net cash from financing activities-$808.0M$698.0M-$661.0M-$306.0M-$276.0M-$334.0M
Other financing activities-$1.0M-$3.0M-$20.0M$0.0-$8.0M$54.0M
Proceeds from short-term borrowings—$0.0$0.0$0.0—$567.0M
Repurchases of common stock$241.0M$394.0M$146.0M$147.0M$103.0M$96.0M
Payments on Revolving Credit Facilities$0.0$0.0$0.0$0.0$0.0—
Repayments of Long-term Lines of Credit$0.0$0.0$0.0$0.0$0.0—

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$138.0M-$227.0M$266.0M$538.0M$586.0M-$163.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$116.0M$48.0M$125.0M$21.0M$3.0M-$10.0M
Net increase (decrease) in cash—$560.0M—$271.0M$331.0M-$590.0M
Cash reclassified to assets held for sale$0.0$0.0$0.0$0.0$0.0—
Proceeds From Issuance Of Other Long Term Debt$0.0$408.3M$408.3M$408.3M$408.3M—

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$172.0M$123.0M$107.0M$106.0M$102.0M$144.0M
Interest paid$49.0M$55.0M$62.0M$55.0M$38.0M$105.0M
Purchases of treasury stock transacted but not yet settled$3.0M$1.0M$1.0M$1.0M$1.0M—