Operating

PPG Industries·Cash Flow Statement·17 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net income	$537M	$474M	—	$378M	$458M	$447M	$300M	$385M
Change in receivables	$275M	—	—	$396M	$349M	—	—	$343M
Change in accounts payable	—	-$30M	-$211M	$202M	$98M	—	—	$209M
Change in inventories	—	—	—	$230M	$26M	—	—	$156M
Depreciation and amortization	$124M	$119M	$119M	$121M	$135M	$138M	$134M	$132M
Change in other current assets	—	—	—	$34M	-$37M	-$26M	$30M	$103M
Increase (Decrease) in Other Current Assets	—	—	—	$34M	-$37M	-$26M	$30M	$103M
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net	-$29M	—	—	$43M	—	$20M	—	$39M
Net cash from operating activities	$365M	$769M	$346M	-$18M	$387M	$685M	$887M	$33M
Increase Decrease In In Accrued Interest And Taxes	$93M	-$7M	$33M	-$1M	$95M	$0	$14M	$32M
Other working capital changes	$22M	$0	$95M	$2M	-$124M	-$46M	-$19M	$26M
Other Noncash Income (Expense)	$22M	$0	$95M	$2M	-$124M	-$46M	-$19M	$26M
Deferred income taxes	$0	-$22M	-$31M	-$20M	-$2M	-$20M	—	$11M
Stock-based compensation	$10M	$9M	$12M	$23M	$13M	-$1M	$11M	$11M
Change in other assets	$18.3M	$18.3M	$18.3M	$10M	$10M	$10M	$10M	—
Net cash provided by operating activities from discontinued operations	$24M	$61M	$11M	-$2M	—	$9M	—	$0
Net income from discontinued operations	$35M	$24M	-$282M	-$2M	$0	$9M	—	$0