Ashland Cash Flow Statement
NYSE: ASHConsumer DiscretionarySpecialty ChemicalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ashland free cash flow
In fiscal 2025, Ashland generated $134.0 million of operating cash flow and spent $98.0 million on capital expenditures. That left free cash flow of $36.0 million, a free-cash-flow margin of 2.0% of revenue. Free cash flow was down 88.9% from the prior year's $325.0 million.
Ashland returned $176.0 million to shareholders: $76.0 million in dividends and $100.0 million in share repurchases, equal to 489% of free cash flow. Free cash flow covered dividend payments 0.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Ashland cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20162017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -845.00M | 169.00M | 178.00M | 927.00M | 220.00M | -508.00M | 505.00M | 114.00M | 28.00M | -28.00M |
| Net Income growth (YoY) | -600.00% | -5.06% | -80.80% | +321.36% | — | -200.59% | +342.98% | +307.14% | — | -109.06% |
| Depreciation & Amortization | 237.00M | 274.00M | 243.00M | 241.00M | 244.00M | 235.00M | 277.00M | 277.00M | 265.00M | 302.00M |
| Stock-Based Compensation | 14.00M | 15.00M | 22.00M | 18.00M | 15.00M | 14.00M | 21.00M | 27.00M | 20.00M | 30.00M |
| Change in Working Capital | -191.00M | 227.00M | -58.00M | -237.00M | 80.00M | 9.00M | -139.00M | 25.00M | -20.00M | 53.00M |
| Operating Cash Flow | 134.00M | 462.00M | 294.00M | 193.00M | 466.00M | 227.00M | 140.00M | 241.00M | 174.00M | 385.00M |
| Capital Expenditures | -98.00M | -137.00M | -170.00M | -113.00M | -105.00M | -133.00M | -147.00M | -157.00M | -168.00M | -231.00M |
| Investing Cash Flow | -3.00M | -51.00M | -109.00M | -102.00M | -367.00M | -85.00M | -111.00M | -174.00M | -798.00M | -177.00M |
| Dividends Paid | -76.00M | -78.00M | -76.00M | -70.00M | -70.00M | -66.00M | -64.00M | -60.00M | -77.00M | -97.00M |
| Share Repurchases | -100.00M | -380.00M | -300.00M | -200.00M | -450.00M | — | -200.00M | — | 0 | -500.00M |
| Debt Issued | — | — | 0 | 0 | 450.00M | 804.00M | — | — | 1.10B | 0 |
| Debt Repaid | — | 0 | 0 | -250.00M | -411.00M | -767.00M | -797.00M | -311.00M | -915.00M | -1.09B |
| Financing Cash Flow | -179.00M | -479.00M | -371.00M | -896.00M | -426.00M | 9.00M | -1.15B | -368.00M | 136.00M | -1.86B |
| Net Change in Cash | -85.00M | -117.00M | -229.00M | 436.00M | -244.00M | 222.00M | -62.00M | -272.00M | -622.00M | -69.00M |
| Free Cash Flow | 36.00M | 325.00M | 124.00M | 80.00M | 361.00M | 94.00M | -7.00M | 84.00M | 6.00M | 154.00M |
This table shows 10 annual periods of Ashland's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ASH's reporting calendar. What is a cash flow statement?