For the quarter ending 2026-03-31, PHIN had -$31M decrease in cash & cash equivalents over the period. $21M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Payments for businesses acquired, net of cash acquired | - | 0 | 9 | - |
| Insurance proceeds received for damage to property, plant and equipment | - | 0 | - | - |
| Net cash provided by operating activities (see note 22) | 53 | 96 | 119 | 97 |
| Payments for investment in equity securities | - | 0 | 0 | - |
| Proceeds from asset disposals and other, net | - | 0 | 0 | 1 |
| Capital expenditures, including tooling outlays | 32 | 29 | 26 | 69 |
| Net cash used in investing activities | -32 | -29 | -35 | -68 |
| Net decrease in notes payable | - | - | 0 | 0 |
| Proceeds from issuance of long-term debt, net of discount | - | - | 0 | 0 |
| Payments for debt issuance costs | - | 0 | 0 | 0 |
| Borrowings (repayments) under revolving facilities | - | 1 | - | - |
| Repayments of debt, including current portion | - | 24 | 0 | 0 |
| Borrowings under revolving facility | 50 | - | - | - |
| Repayment of acquired debt | - | 0 | 32 | - |
| Repayments under revolving facility | 30 | - | - | - |
| Dividends paid to phinia stockholders | 11 | 10 | 11 | 21 |
| Payments for purchase of treasury stock | 54 | 30 | 30 | 142 |
| Payments for stock-based compensation items | -5 | -2 | -3 | -6 |
| Cash outflows related to debt due to former parent-Related Party | - | 0 | - | - |
| Cash inflows related to debt due from former parent-Related Party | - | 0 | - | - |
| Net cash used in financing activities | -50 | -65 | -76 | -169 |
| Effect of exchange rate changes on cash | -2 | 8 | -6 | 3 |
| Net decrease in cash and cash equivalents | -31 | 10 | 2 | -137 |
| Cash and cash equivalents at beginning of year | 359 | 349 | 484 | - |
| Cash and cash equivalents at end of period | 328 | 359 | 349 | - |
PHINIA INC. (PHIN)
PHINIA INC. (PHIN)