Trinseo cash flow, quarter by quarter

In Q2 2026, Trinseo generated −$115M of operating cash flow and spent $10.0M on capital projects, leaving free cash flow of −$125M. That is $122M less than in Q2 2025 (−$3.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$347M; the largest uses were operating cash flow ($347M), capital spending ($53.8M), dividends ($800K); besides operations, cash came from net borrowing (+) / repaid (−) ($326M), other financing ($124M); the cash balance rose by $59.2M.

Operating cash flow was −$115M against net income of −$120M. The largest differences: payables +$76.3M, inventory −$69.0M, receivables −$45.0M.

Trinseo is burning cash: its operations consume cash, a free cash flow of −$401M a year at the current rate against $181M of cash and investments: a runway of about 5 months; $590M of debt also comes due within a year, which would need refinancing or new money before any new financing.