For the year ending 2025-12-31, SHW had -$3,200K decrease in cash & cash equivalents over the period. $2,654,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,568,500 | 2,681,400 | 2,388,800 | 2,020,100 |
| Depreciation | 340,300 | 297,400 | 292,300 | 264,000 |
| Non-cash lease expense | 508,600 | 460,500 | 452,700 | 416,900 |
| Amortization of intangible assets | 336,600 | 326,600 | 330,200 | 317,100 |
| Gain on divestiture of business | 0 | 0 | 20,100 | 0 |
| Loss on extinguishment of debt | 0 | 0 | -12,800 | 0 |
| Impairment | 17,800 | 0 | 57,900 | - |
| Provisions for environmental-related matters - net | 15,300 | -1,300 | 80,700 | - |
| Impairment of trademarks | - | - | - | 15,500 |
| Amortization of credit facility and debt issuance costs | - | - | - | 7,600 |
| Provisions for environmental-related matters | - | - | - | -7,100 |
| Provisions for restructuring | 111,000 | 0 | 15,300 | 47,300 |
| Deferred income taxes | 153,200 | -74,900 | -88,900 | -144,800 |
| Defined benefit pension plans net cost | - | - | - | 5,100 |
| Other postretirement benefit plan net cost | - | -17,000 | -15,800 | - |
| Stock-based compensation expense | 123,500 | 138,100 | 115,900 | 99,700 |
| Amortization of non-traded investments | 104,000 | 75,000 | 65,400 | 38,500 |
| (gain) loss on sale or disposition of assets | 20,800 | 49,900 | -900 | 10,700 |
| Other | -2,600 | -6,100 | -7,000 | -29,600 |
| (increase) decrease in accounts receivable | 162,800 | 10,700 | -85,600 | 200,200 |
| Decrease (increase) in inventories | -132,500 | 32,900 | -323,400 | 666,700 |
| (decrease) increase in accounts payable | -37,800 | 21,800 | -241,100 | 46,600 |
| Decrease in accrued taxes | -22,500 | -14,300 | -8,900 | -38,100 |
| (decrease) increase in accrued compensation and taxes withheld | -25,900 | -7,900 | 75,700 | 65,800 |
| (increase) decrease in refundable income taxes | 16,100 | -800 | -25,800 | -47,600 |
| Other | 74,800 | 20,700 | -306,700 | -32,500 |
| Change in operating lease liabilities | -503,700 | -460,700 | -453,400 | -405,300 |
| Costs incurred for environmental-related matters | 35,100 | 24,100 | 35,300 | 23,800 |
| Costs incurred for restructuring | 71,300 | - | - | - |
| Other | 8,500 | -140,100 | -251,700 | -37,300 |
| Net operating cash | 3,451,600 | 3,153,200 | 3,521,900 | 1,919,900 |
| Capital expenditures | 797,600 | 1,070,000 | 888,400 | 644,500 |
| Acquisitions of businesses, net of cash acquired | 1,211,300 | 78,900 | 264,700 | 1,003,100 |
| Proceeds from divestiture of business | 0 | 0 | 103,700 | 0 |
| Proceeds from sale of assets | 10,700 | 11,600 | 70,100 | 33,200 |
| Other | 68,100 | 59,000 | 60,000 | -6,800 |
| Net investing cash | -2,066,300 | -1,196,300 | -1,039,300 | -1,607,600 |
| Net increase (decrease) in short-term borrowings | 537,400 | 288,600 | -603,900 | 214,400 |
| Proceeds from long-term debt | 1,499,200 | 848,700 | 0 | 999,700 |
| Payments of long-term debt | 1,050,000 | 1,100,000 | 136,400 | 260,300 |
| Payments for credit facility and debt issuance costs | 13,500 | 8,600 | 0 | 7,300 |
| Payments of cash dividends | 789,800 | 723,400 | 623,700 | 618,500 |
| Proceeds from stock options exercised | 140,600 | 242,000 | 111,600 | 67,300 |
| Treasury stock purchased | 1,656,400 | 1,738,800 | 1,432,000 | 883,200 |
| Proceeds from treasury stock issued | - | 0 | 0 | 22,000 |
| Proceeds from real estate financing transactions | 40,700 | 244,200 | 306,500 | 207,300 |
| Other | -86,800 | -69,800 | -46,700 | -23,800 |
| Net financing cash | -1,378,600 | -2,017,100 | -2,424,600 | -282,400 |
| Effect of exchange rate changes on cash | -9,900 | -6,200 | 20,000 | 3,200 |
| Net (decrease) increase in cash and cash equivalents | -3,200 | -66,400 | 78,000 | 33,100 |
| Cash and cash equivalents at beginning of year | 210,400 | 276,800 | 198,800 | 165,700 |
| Cash and cash equivalents at end of year | 207,200 | 210,400 | 276,800 | 198,800 |
SHERWIN WILLIAMS CO (SHW)
SHERWIN WILLIAMS CO (SHW)