For the quarter ending 2025-09-30, SW had $73M increase in cash & cash equivalents over the period. $523M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 245 | -26 | 382 | 146 |
| Depreciation, depletion and amortization | 659 | 613 | 603 | 592 |
| Goodwill impairment | - | - | - | 0 |
| Impairment charges | 58 | 184 | - | 24 |
| Cash surrender value increase in excess of premiums paid | 14 | 15 | 5 | 17 |
| Share-based compensation expense | 35 | 36 | 43 | 52 |
| Deferred income tax benefit | -12 | -98 | -29 | -38 |
| Pension and other postretirement funding more than cost | -24 | -36 | -23 | -55 |
| Other | 15 | 5 | 1 | 12 |
| Accounts receivable | -185 | 92 | 342 | -278 |
| Inventories | 4 | -7 | 62 | 58 |
| Other assets | -28 | 0 | 47 | 0 |
| Accounts payable | -107 | 82 | -117 | -47 |
| Income taxes | -1 | 79 | -70 | -39 |
| Accrued liabilities and other | 70 | 90 | -99 | -113 |
| Net cash provided by operating activities | 1,133 | 829 | 235 | 781 |
| Capital expenditures | 610 | 522 | 477 | 569 |
| Cash paid for purchase of businesses, net of cash acquired | 0 | 1 | 4 | 3 |
| Proceeds from corporate owned life insurance | 20 | - | - | 3 |
| Proceeds from sale of property, plant and equipment | 15 | 0 | - | 46 |
| Deferred consideration paid | - | - | - | 1 |
| Other | -7 | -3 | -5 | -5 |
| Net cash used for investing activities | -568 | -520 | -476 | -519 |
| Additions to debt | 12 | 203 | 295 | 2,580 |
| Repayments of debt | 25 | 56 | 65 | 2,681 |
| Debt issuance costs | 2 | 1 | 5 | 19 |
| Changes in commercial paper, net | -227 | -264 | 246 | 34 |
| Other debt (repayments) additions, net | 2 | -2 | -16 | -15 |
| Repayments of finance lease liabilities | 6 | 7 | 16 | 10 |
| Tax paid in connection with shares withheld from employees | 1 | 3 | 64 | 5 |
| Purchases of treasury stock | 0 | 0 | 0 | 0 |
| Share buyback | - | - | - | 0 |
| Cash dividends paid to shareholders | 225 | 225 | 225 | 157 |
| Other | 2 | 0 | 1 | 7 |
| Net cash (used for) provided by financing activities | -470 | -355 | 151 | -262 |
| Effect of exchange rate changes on cash and cash equivalents | -22 | 27 | 32 | -96 |
| Decrease in cash and cash equivalents | 73 | -19 | -58 | -96 |
| Cash and cash equivalents at beginning of period | 778 | 797 | 855 | 951 |
| Cash and cash equivalents at end of period | 851 | 778 | 797 | 855 |
Smurfit Westrock plc (SW)
Smurfit Westrock plc (SW)