For the year ending 2025-12-31, MAS had $14M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | - | 874 | 960 | 905 |
| Depreciation and amortization | - | 150 | 149 | 145 |
| Fair value adjustment to contingent earnout obligation | - | 0 | 0 | -24 |
| Display amortization | - | - | - | 0 |
| Deferred income taxes | - | 28 | -32 | -15 |
| Employee withholding taxes paid on stock-based compensation | - | -35 | -29 | -17 |
| Loss (gain) on investments, net | - | - | 0 | -5 |
| Loss on disposition of businesses, net | - | -80 | 0 | -1 |
| Pension and other post-retirement benefits | - | -7 | -6 | -3 |
| Impairment of goodwill and other intangible assets | - | - | 15 | 26 |
| Impairment charges for goodwill and other intangible assets | - | 0 | - | - |
| Stock-based compensation | - | 39 | 31 | 49 |
| Dividends paid-in-kind | - | - | 0 | 0 |
| (increase) decrease in receivables | - | 39 | -42 | 15 |
| Decrease (increase) in inventories | - | -4 | -233 | 43 |
| Decrease in accounts payable and accrued liabilities, net | - | -95 | -34 | -225 |
| Debt extinguishment costs | - | - | 0 | 0 |
| Other, net | - | -6 | -27 | -17 |
| Net cash from operating activities | - | 1,075 | 1,413 | 840 |
| Retirement of notes | - | - | 0 | - |
| Purchase of company common stock | - | 751 | 353 | 914 |
| Excise tax paid on the purchase of company common stock | - | 3 | - | - |
| Cash dividends paid | - | 254 | 257 | 258 |
| Purchase of redeemable noncontrolling interest | - | 15 | - | - |
| Dividends paid to noncontrolling interest | - | 37 | 49 | 68 |
| Issuance of notes, net of issuance costs | - | - | 0 | - |
| Proceeds from short-term borrowings | - | 0 | 77 | - |
| Issuance of notes, net of issuance costs | - | - | - | 0 |
| Payment of short-term borrowings | - | 0 | 77 | - |
| Proceeds from term loan | - | 0 | 0 | 500 |
| Payment of term loan | - | 0 | 200 | 300 |
| Debt extinguishment costs | - | - | 0 | 0 |
| Proceeds from the exercise of stock options | - | 79 | 38 | 1 |
| Employee withholding taxes paid on stock-based compensation | - | 35 | 29 | 17 |
| Payment of debt | - | 3 | 5 | 10 |
| Net cash for financing activities | - | -1,017 | -854 | -1,066 |
| Capital expenditures | - | 168 | 243 | 224 |
| Acquisition of businesses, net of cash acquired | - | 4 | 136 | 0 |
| Proceeds from disposition of business, net of cash disposed | - | 126 | 0 | 0 |
| Property and equipment | - | - | - | 1 |
| Financial investments | - | - | 2 | 1 |
| Other, net | - | 4 | 6 | 8 |
| Net cash for investing activities | - | -50 | -383 | -230 |
| Effect of exchange rate changes on cash and cash investments | - | -9 | 6 | -18 |
| Increase (decrease) for the year | 14 | -1 | 182 | -474 |
| Cash and cash equivalents at beginning of period | 634 | 634 | 452 | 926 |
| Cash and cash equivalents at end of period | 647 | 634 | 634 | 452 |
MASCO CORP DE (MAS)
MASCO CORP DE (MAS)