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Solstice Advanced Materials cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$120M in Q3 2026 · $446M over twelve months

Operating cash flow$232M
Capital spending−$112M
Free cash flow+$120M
Cash / net income2.6×
Cash conversion cycle22 days

Analysis

In Q3 2026, Solstice Advanced Materials generated $232M of operating cash flow and spent $112M on capital projects, leaving free cash flow of $120M. That is $251M more than in Q3 2025 (−$131M).

Over the twelve months to Sep 30, 2026, operating cash flow was $859M; the largest uses were dividends ($1.5B), capital spending ($413M), other investing ($17.0M); besides operations, cash came from other financing ($1.5B); the cash balance rose by $298M.

Operating cash flow was $232M against net income of $88.0M — 2.6× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$164M, prepaid and other assets −$130M, depreciation & amortization +$55.0M.

Its cash conversion cycle was 22 days (receivables 59 + inventory 87 − payables 125).

Free cash flow

Solstice Advanced Materials: free cash flow by quarterSolstice Advanced Materials: free cash flow by quarter$180MQ4 2024$98.0MQ1 2025$74.0MQ2 2025−$131MQ3 2025$78.0MQ4 2025$124MQ1 2026$124MQ2 2026$120MQ3 2026
Operating cash flow less capital spending.
Solstice Advanced Materials: operating cash flow against capital spendingSolstice Advanced Materials: operating cash flow against capital spendingOperating cash flowCapital spending$275M$95.0MQ4 2024$160M$62.0MQ1 2025$150M$76.0MQ2 2025−$21.0M$110MQ3 2025$166M$88.0MQ4 2025$199M$75.0MQ1 2026$262M$138MQ2 2026$232M$112MQ3 2026
Latest (Q3 2026): Operating cash flow $232M, Capital spending $112M.

Capital allocation, year by year

Solstice Advanced Materials: where the cash came from (up) and went (down), by fiscal yearSolstice Advanced Materials: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingDividendsFY2023: Operating cash flow $760MFY2023: Net borrowing −$33.0MFY2023: Asset sales $11.0MFY2023: Capital spending −$299M$771MFY2023FY2024: Operating cash flow $842MFY2024: Net borrowing −$39.0MFY2024: Capital spending −$296M$842MFY2024FY2025: Operating cash flow $455MFY2025: Net borrowing $2.0BFY2025: Asset sales $23.0MFY2025: Capital spending −$336MFY2025: Dividends −$1.5B$2.5BFY2025
Over these 3 years operating cash flow totalled $2.1B; the largest uses were dividends ($1.5B) and capital spending ($931M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$714M
Debt$2.1B
Net debt$1.4B
Due within a year$8.0M

Solstice Advanced Materials funds itself: free cash flow was $446M over the last twelve months, and $714M of cash and investments stands against $2.1B of debt ($8.0M due within a year, 89.2× covered by cash).

Solstice Advanced Materials: debt maturities by year (FY2025)Solstice Advanced Materials: debt maturities by year (FY2025)$8.0MYear 1$10.0MYear 2$10.0MYear 3$10.0MYear 4$10.0MYear 5$2.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $714M of cash and investments now.

Where the cash came from and went

Solstice Advanced Materials: sources (+) and uses (−) of cash, Q3 2026Solstice Advanced Materials: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$232MOther financing−$137MCapital spending−$112MCash drawn (+) / kept (−)$35.0MDividends−$12.0MNet borrowing (+) / repaid (−)−$3.0MExchange rates−$2.0MOther investing−$1.0M
Solstice Advanced Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Solstice Advanced Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Dividends−$1.5BOther financing$1.5BOperating cash flow$859MCapital spending−$413MCash drawn (+) / kept (−)−$298MExchange rates−$40.0MOther investing−$17.0MNet borrowing (+) / repaid (−)−$5.0MNot reconciled−$1.0M

From profit to cash

Solstice Advanced Materials: net income to operating cash flow, Q3 2026Solstice Advanced Materials: net income to operating cash flow, Q3 2026Net income$88.0MDepreciation & amortization$55.0MStock-based pay$6.0MReceivables$3.0MInventory$3.0MPayables$28.0MAccrued liabilities$164MDeferred revenue−$7.0MContract assets$6.0MPrepaid and other assets−$130MOther liabilities−$10.0MOperating cash flow$232M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026598712522
Q2 2026528010823
Q1 2026589512131
Q4 2025609111239

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$232M−$112M−$12.0M−$3.0M$35.0M$120M
Q2 2026$262M−$138M−$12.0M−$4.0M−$107M$124M
Q1 2026$199M−$75.0M−$12.0M−$3.0M−$108M$124M
Q4 2025$166M−$88.0M−$1.5B$5.0M−$118M$78.0M
Q3 2025−$21.0M−$110M—−$13.0M$456M−$131M
Q2 2025$150M−$76.0M—$3.0M−$204M$74.0M
Q1 2025$160M−$62.0M—−$8.0M−$8.0M$98.0M
Q4 2024$275M−$95.0M—−$11.0M−$16.0M$180M

Solstice Advanced Materials: income statement and cash flow

Solstice Advanced Materials, Q3 2026: revenue $1.0B (+8% year over year), operating margin 10.7%. The chart follows the revenue to costs, profit and cash.

Solstice Advanced Materials: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.