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Ecolab Cash Flow Statement

Operating, investing, and financing cash movements

Ecolab generated $3.0B in operating cash flow over the trailing twelve months. After $1.2B in capital expenditures, free cash flow was $1.9B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.0BNet Cash From Investing (TTM)-$2.8BNet Cash From Financing (TTM)-$837.5MCapital Expenditures (TTM)$1.2BNet Change In Cash (TTM)$320.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$74.2B
P/E Ratio35.24
ROE22.31%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Restructuring Charges$35.4M$21.8M—-$17.9M$31.3M$3.5M
Other non-cash income (expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Change in accounts payable$22.3M-$2.5M$9.9M-$55.2M$115.5M$15.5M
Change in accounts receivable$37.4M$9.1M$113.3M$27.9M$35.6M-$13.5M
Change in inventories—$69.1M$7.8M-$39.3M-$74M$47.3M
Change in other liabilities—-$190.1M$0-$7.2M-$22.4M-$183.1M
Deferred income taxes-$40.8M-$21M-$39.7M——$19.4M
Repositioning and Other (Gains) Charges$35.4M$21.8M—-$17.9M$31.3M$3.5M
Other Non-Cash Income (Expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Other Non-cash Income (Expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Other Non-cash Income (Expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Net cash from operating activities$766.7M$369.4M$701.8M$791.3M$1.1B$445.9M
Net income$479.5M$406.5M$528.5M$589.7M$568.6M$436.6M
Other non-cash income (expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Amortization$74.3M$74.9M$75M$76.6M$77.3M$82.6M
Depreciation$161.2M$161.2M$166.7M$165.9M$178.8M$180.5M
Gain on sale of business and assets$95.4M-$1.1M————
Increase (Decrease) in Other Operating Assets—$29.9M-$52.2M-$11.8M-$49.5M$117.2M
Other Noncash Income (Expense)-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Payment for Pension and Other Postretirement Benefits$10.7M$15.6M$13.4M$38.1M$10.7M$18.1M
Repositioning and other charges$35.4M$21.8M—-$17.9M$31.3M$3.5M
Other Non-cash Income and Expense-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Other Non-Cash Adjustments-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Other Non-Cash Income and Expense-$6.6M$4.4M-$11.2M-$13.6M-$8.4M-$10.6M
Stock-based compensation$25.3M$42.2M$33.7M$33.6M$27.1M$40.3M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Sales of Assets and Subsidiaries$8M$21.6M$20.8M$4M$5.9M$200K
Capital expenditures$359.7M$237.9M$216.7M$261.6M$332.1M$348.5M
Payment for (Proceeds from) Other Investing Activity$19.3M-$7.2M$28M$23M$31.2M$7.2M
Divestiture of businesses, net of cash transferred$222.4M-$14.9M————
Proceeds from disposition of property, plant and equipment/other$8M$21.6M$20.8M$4M$5.9M$200K
Net cash from investing activities-$627.5M-$224M-$224.4M-$280.6M-$2B-$355.5M
Proceeds from divestiture of prepaid business$222.4M-$14.9M————
Proceeds from sale of PPE and intangibles$8M$21.6M$20.8M$4M$5.9M$200K

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt———$519M$26.6M$53M
Dividends paid$161.4M$192M$188M$184.4M$189.2M$215.9M
Other, net-$1.1M$1.1M-$4.4M-$7.3M-$3.1M-$3.6M
Proceeds from (Repayments of) Short-Term Debt—$4.5M-$5.3M$1.9M$97.1M$201.6M
Payment of Deferred Purchase Consideration-$1.1M$1.1M-$4.4M-$7.3M-$3.1M-$3.6M
Noncontrolling interest transactions and other-$1.1M$1.1M-$4.4M-$7.3M-$3.1M-$3.6M
Net cash from financing activities-$140.1M-$241.6M$297.3M-$477.4M-$431.6M-$225.8M
Noncontrolling Interests Activity and Other-$1.1M$1.1M-$4.4M-$7.3M-$3.1M-$3.6M
Proceeds from issuance of common stock$26.6M$98.5M$40.5M$43M$46.2M$83.5M
Repurchases of common stock$2.8M$153.7M$45.5M$175.4M$409.2M$344.4M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries—$4.5M-$5.3M$1.9M$97.1M$201.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$407M$131.5M$485.1M$529.7M$758M$97.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$3.4M$2M-$16.4M——$9M
Increase (decrease) in cash, cash equivalents, and restricted cash$0-$94.2M$758.3M$34.9M-$1.3B-$126.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$161.9M$137M$137M$137M$137M—
Interest paid$85.7M$75.7M$75.7M$75.7M$75.7M—
Pension And Other Postretirement Benefit Expense$2.8M$3.4M$3.5M$3.5M$4.6M$9.1M