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Qnity Electronics, Inc. cash flow statement

In fiscal 2025, Qnity Electronics, Inc.'s operations generated $1.27bn of cash; it spent $285m on capital projects, leaving free cash flow of $988m. It returned $13.0m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations8821,0611,2731,169
Depreciation and amortisation403394376385
Stock-based pay13132037
Capital spending231200285344
Free cash flow651861988825
Free cash flow after stock pay638848968788
Dividends paid0013—
Shares issued001—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Qnity Electronics, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Qnity Electronics, Inc.