$CBT

CABOT CORP

CIK:0000016040|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales and other operating revenues	$ 982	$ 923	$ 2,735	$ 2,814
Cost of sales	798	679	2,130	2,094
Gross profit	184	244	605	720
Selling and administrative expenses	73	62	209	192
Research and technical expenses	13	15	40	44
Income (loss) from operations	98	167	356	484
Interest and dividend income	8	7	22	20
Interest expense	(18)	(19)	(54)	(56)
Other income (expense)	(30)	0	(28)	2
Income (loss) from operations before income taxes and equity in earnings of affiliated companies	58	155	296	450
(Provision) benefit for income taxes	(46)	(43)	(127)	(133)
Equity in earnings of affiliated companies, net of tax	2	1	5	5
Net income (loss)	14	113	174	322
Net income (loss) attributable to noncontrolling interests, net of tax	8	12	27	34
Net income (loss) attributable to Cabot Corporation	$ 6	$ 101	$ 147	$ 288
Weighted-average common shares outstanding:
Basic	51.6	53.5	52.1	53.9
Diluted	52.0	53.8	52.4	54.4
Earnings (loss) per common share:
Basic	$ 0.12	$ 1.87	$ 2.79	$ 5.27
Diluted	$ 0.12	$ 1.86	$ 2.77	$ 5.22

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net income (loss)	$ 174	$ 322
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	140	114
Long-lived asset impairment charge	24
Employee benefit plan settlement	29
Deferred tax provision (benefit)	4	9
Equity in earnings of affiliated companies	(5)	(5)
Share-based compensation	13	19
Other non-cash (income) expense	9	15
Cash dividends received from equity affiliates	2	13
Changes in assets and liabilities:
Accounts and notes receivable	(28)	47
Inventories	(46)	19
Prepaid expenses and other assets	(32)	(25)
Accounts payable and accrued liabilities	16	(79)
Income taxes payable	(15)	(10)
Other liabilities	(7)	7
Cash provided by (used in) operating activities	278	446
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(152)	(210)
Asset acquisition		(27)
Acquisition of business, net of cash acquired	(66)
Other	2	(2)
Cash provided by (used in) investing activities	(216)	(239)
Cash Flows from Financing Activities:
Proceeds from short-term borrowings (original maturities greater than 90 days)	17	14
Repayments of short-term borrowings (original maturities greater than 90 days)	(10)	(11)
Proceeds from (repayments of) short-term borrowings, net (original maturities 90 days or less)	52
Proceeds from issuance (repayments) of commercial paper, net	112	52
Proceeds from long-term debt	94	15
Repayments of long-term debt	(133)	(5)
Purchases of common stock	(101)	(129)
Proceeds from sales of common stock		2
Cash dividends paid to noncontrolling interests	(47)	(57)
Cash dividends paid to common stockholders	(72)	(71)
Cash provided by (used in) financing activities	(88)	(190)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	19	(1)
Increase (decrease) in cash and cash equivalents	(7)	16
Cash, cash equivalents and restricted cash at beginning of period	258	223
Cash, cash equivalents and restricted cash at end of period	251	239
Cash and cash equivalents	250	239
Restricted cash classified within Prepaid expenses and other current assets	1
Cash, cash equivalents and restricted cash	$ 251	$ 239

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Sep. 30, 2025
Current assets:
Cash and cash equivalents	$ 250	$ 258
Accounts and notes receivable, net of reserve for doubtful accounts of $5 and $5	731	671
Inventories:
Raw materials	172	134
Finished goods	329	303
Other	65	67
Total inventories	566	504
Prepaid expenses and other current assets	118	106
Total current assets	1,665	1,539
Property, plant and equipment	4,576	4,405
Accumulated depreciation	(2,837)	(2,694)
Net property, plant and equipment	1,739	1,711
Goodwill	137	134
Equity affiliates	19	16
Intangible assets, net	52	55
Deferred income taxes	170	180
Other assets	193	180
Total assets	3,975	3,815
Current liabilities:
Short-term borrowings	184	14
Accounts payable and accrued liabilities	670	648
Income taxes payable	20	35
Current portion of long-term debt	261	260
Total current liabilities	1,135	957
Long-term debt	828	856
Deferred income taxes	36	39
Other liabilities	242	258
Contingencies (Note F)
Preferred stock:
Authorized: 2,000,000 shares of $1 par value, Issued and Outstanding: None and none
Common stock:
Authorized: 200,000,000 shares of $1 par value, Issued: 51,745,475 and 52,962,353 shares, Outstanding: 51,631,007 and 52,842,481 shares	52	53
Less cost of 114,468 and 119,872 shares of common treasury stock	(3)	(3)
Retained earnings	1,823	1,835
Accumulated other comprehensive income (loss)	(267)	(335)
Total Cabot Corporation stockholders' equity	1,605	1,550
Noncontrolling interests	129	155
Total stockholders' equity	1,734	1,705
Total liabilities and stockholders' equity	$ 3,975	$ 3,815