PPG INDUSTRIES INC PPG Cash Flow

Ppg industries inc (PPG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities:
Net income attributable to the controlling and noncontrolling interests
1,200	1,269	1,230	1,239	1,335	1,358	1,253	1,487	1,613	1,615	1,803	1,008	883	895	869	1,488	1,454	1,427	1,198	1,135	1,185	2,159	2,352	2,230	2,209	3,353	3,324	3,433	3,458	1,064	1,050	1,028	1,004	1,212	1,201	1,151	1,080	880	0	0	0	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	18	19	226	225	225	475	285	326	330	123	144	104	95	94	40	33	1,050	1,042	1,096	1,150	2,380	2,538	2,544	2,565	384	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	1,340	1,234	1,261	1,388	1,390	1,328	723	557	565	746	1,344	1,350	1,332	1,104	1,095	1,152	1,109	1,310	1,134	1,059	973	786	889	893	680	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to cash from operations:
Depreciation and amortization
522	511	504	493	492	497	490	485	473	460	449	445	435	440	425	419	441	446	449	461	451	450	472	466	470	452	417	408	392	399	388	400	416	425	430	430	426	430	0	0	0	-	-	-	-
Pension expense
52	54	51	48	45	43	43	51	57	65	79	87	85	85	72	71	82	88	83	66	64	58	66	74	94	107	123	145	138	143	129	124	122	120	126	130	136	146	0	0	0	-	-	-	-
Environmental remediation charges
59	61	104	83	53	77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101	101	12	12	159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Pension settlement charge
-	-	-	-	-	-	-	-	-	60	22	990	990	968	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business restructuring, net
186	176	170	156	63	66	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Canadian pension settlement charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
37	39	44	38	37	37	30	36	35	35	34	36	44	45	49	40	49	54	60	73	68	71	75	87	84	81	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity affiliate income, net of dividends
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge related to change in U.S. tax law (See Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	0	0	0	-	-	-	-
Equity affiliate loss/(income), net of dividends
-	-	-	-	-	-	-	-	-	-	-	-	4	6	-81	-74	-69	-66	21	76	69	56	47	-17	-18	-17	-20	-16	-11	-3	-5	4	15	17	35	42	41	40	0	0	0	-	-	-	-
Deferred income taxes
23	-5	24	51	18	45	86	65	27	38	176	-69	181	171	-16	246	-16	0	-70	-160	-74	-87	-26	43	49	-16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) / Losses on Derivative Instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asbestos settlement, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-7	-7	-7	-7	0	0	0	-	-	-	-
Cash contributions to pension plans
12	13	18	70	72	99	133	85	83	87	157	212	216	188	67	-7	-7	263	299	314	312	41	139	156	164	174	69	62	79	80	57	53	28	113	199	357	383	302	0	0	0	-	-	-	-
Cash used for restructuring actions
61	58	53	55	64	66	66	63	56	49	65	67	68	76	58	54	52	47	47	47	50	57	72	82	84	86	79	90	102	87	66	38	18	18	37	52	66	100	0	0	0	-	-	-	-
Change in certain asset and liability accounts (net of acquisitions):
Receivables
-362	-121	-162	-126	-5	69	145	296	153	76	162	112	91	68	-32	-104	71	125	113	176	80	116	135	94	115	25	-90	-98	-184	-171	-58	-12	81	107	167	274	254	172	0	0	0	-	-	-	-
Inventories
-91	-145	-127	-64	59	109	201	201	161	116	101	25	-19	-56	-83	-13	-53	-37	-17	-24	57	99	155	135	25	-44	-130	-153	-73	-53	-33	22	61	74	121	110	91	32	0	0	0	-	-	-	-
Other current assets
67	95	60	60	5	-5	8	-1	42	43	5	-1	-57	-21	-2	26	98	81	79	77	101	68	92	73	34	34	18	7	12	-7	-17	-15	-26	25	30	28	23	-13	0	0	0	-	-	-	-
Accounts payable and accrued liabilities
-126	-63	-143	-214	-174	-76	61	239	200	188	237	156	119	169	129	292	327	152	-64	-109	-113	185	247	209	279	5	87	-44	-108	-55	-61	-55	9	5	168	256	261	288	0	0	0	-	-	-	-
Noncurrent assets and liabilities, net
18	13	115	187	154	207	212	186	284	170	198	108	8	53	-189	-93	-106	-79	76	43	138	129	147	92	-4	17	5	4	70	24	-9	-5	-4	-2	32	38	16	8	0	0	0	-	-	-	-
Noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-61	-48	-9	-35	-60	-23	-38	-16	-34	-36	-27	-41	0	0	0	-	-	-	-
Taxes and interest payable
102	32	-58	-159	-137	-50	-37	131	92	129	290	292	288	268	316	336	225	96	-66	-170	-101	-46	-121	-2	43	-19	-20	-166	-199	-55	-62	32	24	-62	-97	-75	-167	-183	0	0	0	-	-	-	-
Other
159	17	-30	-21	-31	20	147	89	25	-14	-11	55	70	64	6	-44	-29	19	60	90	117	3	16	-41	-111	-17	-138	-47	21	19	111	108	69	45	6	-62	51	48	0	0	0	-	-	-	-
Cash from operating activities - continuing operations
-	-	-	-	-	-	-	-	-	1,551	1,586	1,729	1,163	1,218	0	0	0	-	-	-	-	1,718	1,662	1,655	1,824	1,562	1,688	1,507	1,298	1,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash (used for)/from operating activities - discontinued operations
-	-	-	-	-	-	-	-	-	17	21	69	118	133	0	0	0	-	-	-	-	-190	-116	43	219	229	342	340	402	377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for operating activities
1,987	2,080	2,071	1,818	1,629	1,467	1,203	1,253	1,331	1,568	1,607	1,798	1,281	1,351	1,685	1,708	2,403	1,895	1,477	1,313	936	1,528	1,546	1,698	2,043	1,791	2,030	1,847	1,700	1,787	1,698	1,618	1,590	1,436	1,389	1,195	1,208	1,310	1,283	1,606	1,582	1,345	0	0	0
Investing activities:
Capital expenditures
403	413	409	426	383	411	379	343	372	360	348	366	373	380	407	417	428	430	468	494	533	564	602	577	534	494	387	356	336	330	284	315	329	326	344	308	276	267	245	229	233	239	0	0	0
Business acquisitions, net of cash balances acquired
630	643	844	641	339	378	254	261	260	225	97	401	404	349	393	304	317	320	2,247	2,115	2,100	2,113	119	32	1,005	983	1,047	1,045	78	122	28	31	65	31	69	65	25	31	20	23	31	26	0	0	0
Payments for acquisition of equity investment
-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the sale of businesses
-	-	-	-	-	-	-	-	-	593	0	0	0	-	-	-	-	47	47	47	47	1,625	2,565	2,565	1,625	940	0	-19	940	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	92	323	387	382	402	509	896	1,099	1,298	1,224	1,131	1,059	1,796	1,662	1,399	1,237	250	145	300	599	749	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the disposition of PPG's interest in the Transitions Optical joint venture and sunlens businesses (proceeds of $1,735, net of $110 cash divested)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Release of cash held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	22	0	0	0
Purchase of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	1,204	1,100	1,501	1,134	1,227	1,665	1,646	1,507	1,332	730	275	75	125	0	0	0	-	-	-	-	-	-	-	-
Payments for the settlement of cross currency swap contracts
4	8	13	17	21	28	23	17	13	34	34	34	34	36	36	36	36	34	34	34	34	45	0	0	0	-	-	-	-	77	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the settlement of cross currency swap contracts
22	28	29	39	39	23	20	21	18	37	37	37	37	37	37	18	37	37	37	56	37	37	55	37	37	37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	25	30	41	27	29	34	32	25	48	35	50	43	0	0	0
Payments on net investment hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	9	9	4	4	3	0	0	0
Net investment hedge, proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-33	-27	-9	-14	-5	-3	-42	-37	-30	-26	-13	-20	-23	-27	-2	-17	-19	-27	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for investing activities - continuing operations
-	-	-	-	-	-	-	-	-	-63	1,104	248	391	472	0	0	0	-	-	-	-	-889	1,068	647	2	22	-510	-724	257	-1,529	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for investing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-4	-7	-20	-30	-36	0	0	0	-	-	-	-	32	-13	-16	-18	-19	-57	-63	-73	-82	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for investing activities
-982	-1,009	-1,201	-1,004	-672	-764	-594	-23	-107	-67	1,097	228	361	436	-489	-340	-493	-395	-2,428	-1,987	-2,417	-857	1,055	631	-16	3	-567	-787	184	-1,611	-1,017	-402	217	353	-303	-477	-901	-949	-217	-218	-208	-203	0	0	0
Financing activities:
Repayment of term loan (See Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds on commercial paper and short-term debt, net of payments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in borrowings with maturities of three months or less
-	-	-	-	-	-1	4	7	7	-7	1	-19	-24	-15	-36	-19	-10	-32	85	93	79	89	-8	-5	-23	-7	-6	-29	-16	-1	-1	7	34	9	40	60	22	-23	-80	-497	-466	-431	0	0	0
Proceeds from long term debt (net of discount and issuance costs) (See Note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net payments on commercial paper and short-term debt
-	-	-	-	-	-2	-13	-33	-61	-93	-739	-1,410	-479	-361	161	892	-939	-528	540	500	1,426	932	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of debt, net of discounts and fees
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
641	637	4	5	6	6	584	583	582	588	135	138	135	379	254	251	590	340	2,103	2,137	1,802	1,803	37	6	7	605	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297	482	618	517	0	0	0
Repayment of acquired debt
31	23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
150	325	583	833	1,296	1,721	1,713	1,713	1,250	813	1,063	1,063	1,063	1,050	650	550	701	751	801	801	750	750	1,130	1,160	1,060	1,000	320	140	140	92	317	567	667	858	0	0	0	-	-	-	-	-	-	-	-
Proceeds from debt issuance (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of debt (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-
Issuance of treasury stock
59	61	33	27	13	15	21	42	52	52	47	28	26	31	31	26	23	53	56	66	66	57	61	64	71	68	71	96	104	122	121	91	94	81	147	165	163	146	0	0	0	-	-	-	-
Payments related to tax withholding on stock-based compensation awards
19	20	16	14	10	15	17	21	25	28	26	22	22	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on PPG common stock
0	-	-	-	0	-	-	-	-	434	426	416	421	414	405	397	388	383	379	373	367	361	355	351	346	345	350	352	355	358	354	354	353	355	358	358	359	360	361	359	356	353	0	0	0
Dividends, Common Stock, Cash
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on subsidiary stock to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-45	-8	-33	-25	-14	-14	-12	-9	23	-43	-16	-13	-23	16	0	-24	-10	-15	-41	-29	-53	-34	-28	-21	-8	-4	-7	-15	-10	-27	-13	4	-21	-22	0	0	0	-	-	-	-	-	-	-	-
Cash used for financing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-929	-1,536	-1,512	-1,373	-1,893	-1,155	-707	-721	-250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for financing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-40	-72	-89	-109	-86	-142	-125	-118	-101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash from financing activities
222	-758	-494	-868	-1,468	-1,205	-1,773	-1,769	-1,287	-1,954	-1,369	-2,065	-1,153	-1,210	-1,236	-405	-1,699	-812	-421	-465	-208	-969	-1,608	-1,601	-1,482	-1,979	-1,297	-832	-839	-351	-603	-1,114	-1,591	-1,632	-680	-589	-232	-104	-1,056	-1,662	-1,268	-1,123	0	0	0
Effect of currency exchange rate changes on cash and cash equivalents
-125	1	-47	-3	-51	-32	-20	-10	60	69	23	3	-49	-68	-46	-65	-37	-63	-81	-140	-135	-132	-87	15	-7	-5	4	-2	-2	24	13	-67	-34	-41	-35	69	32	27	22	6	52	17	0	0	0
Net increase/(decrease) in cash and cash equivalents
1,102	314	329	-57	-562	-534	-1,184	-549	-3	-384	1,358	-36	440	509	-86	898	174	625	-1,453	-1,279	-1,824	-430	906	743	538	-190	170	226	1,043	-151	91	35	182	116	371	198	107	284	32	-268	158	36	0	0	0
Supplemental disclosures of cash flow information:
Interest paid, net of amount capitalized
135	127	133	123	124	108	108	101	101	100	98	107	108	118	117	118	131	115	136	172	182	218	195	193	188	201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid, net of refunds
344	348	342	340	356	380	487	556	676	648	554	490	331	349	368	410	408	383	429	492	666	642	592	473	321	319	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reissuance of common stock for business acquisition
0	164	164	164	164	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-