Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 5

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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.20 per share as of the six months ended June 30, 2025 and June 30, 2024, respectively.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

6

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in millions)

Six Months EndedJune 30,20252024NET CASH FLOW PROVIDED BY OPERATING ACTIVITIESNet earnings$269 $584 Adjustments to reconcile net earnings to cash provided from operating activities:Loss on discontinued operations381 — Depreciation and amortization331 298 Loss on sale of business26 — Deferred income taxes4 (26)Stock-based compensation expense39 53 Other adjustments to reconcile net earnings to cash from operating activities(42)(8)Changes in operating assets and liabilities(707)(376)Pension fund contribution(3)(3)Payments for other employee benefits liabilities(5)(6)Other(15)1 Net cash flow provided by operating activities278 517 NET CASH FLOW USED FOR INVESTING ACTIVITIESCash paid for property, plant, and equipment(401)(309)Proceeds from the sale of assets or affiliates62 12 Investment in subsidiaries and affiliates, net of cash acquired— (2,857)Other(8)— Net cash flow used for investing activities(347)(3,154)NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIESProceeds from long-term debt— 1,968 Payments on long-term debt(29)(473)Net proceeds from commercial paper notes420 — Proceeds from senior revolving credit and receivables securitization facilities329 470 Payments on senior revolving credit and receivables securitization facilities(329)(315)Proceeds from term loan borrowing— 2,784 Payments on term loan borrowing— (2,800)Dividends paid(118)(104)Purchases of treasury stock(363)(185)Finance lease payments(22)(19)Other— (5)Net cash flow (used for) provided by financing activities(112)1,321 Effect of exchange rate changes on cash85 (33)Net decrease in cash, cash equivalents and restricted cash(96)(1,349)Cash, cash equivalents and restricted cash at beginning of period369 1,623