PPG 3rd Quarter Earnings Report
$8
$7
Balance Sheet and Cash
Third Quarter Cash and Debt ($ in billions)
96
$6
5.5
5.5
$5
4.0
4
$4
3.4
$3
6.8
6.8
5.5
2.1
$2
1.5
1.3
1.1
$1
$0
3Q'19
3Q'20
3Q'21
3Q'22
5.7
•
Third Quarter 2022 Activity and Liquidity
3Q 2022 approximate cash uses
•
•
Sequential working capital decrease of ~$100 million; ongoing focus to
reduce inventory levels
Capital spending: ~$100 million
Dividends of $145 million
Liquidity
•
•
$1.1 billion cash and short-term investments
•
$2.2 billion undrawn credit facility
Expect full-year 2022 capital spending to be $450 million to $500 million.
Total net debt: $5.7 billion; down $400 million from 2Q22
$6.8 billion gross debt; repaid $100 million of term loan credit agreement
Cash
Gross Debt
Net Debt
*Cash includes cash and cash equivalents, and short-term investments.
9
Figures in the table may not recalculate due to rounding.View entire presentation