Ecolab Inc.

NYSE-ECL

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	935	1,220.3	911.6	820.2	572.8	621.5
Net Income Including Noncontrolling Interest
Less: Net Income from Discontinued Operations, Including Noncontrolling Interest
Net Income from Continuing Operations Including Noncontrolling Interest
Depreciation & Amortization	477.8	465.6	469.8	459.9	463.7	469.3
Depreciation
Amortization
Stock Based Compensation	75.9	51.9	82.9	36.4	58.7	35
Share-Based Compensation Expense
Other Adjustments	-69.5	-407.5	-156.8	-88	-74.6	28.4
Deferred Income Taxes
Excess Tax Benefits from Share-Based Payment Arrangements
Pension and Postretirement Plan Contributions
Pension and Postretirement Plan Expense, Net
Restructuring Charges, Net of Cash Paid
Venezuelan Charges
Loss on Sale of Business
Gain on Sale of Businesses
Asset Charges and Write-Downs
Debt Refinancing
Sale of Global Surgical Solutions Business
Other, Net
Changes in Trade Receivables	-122.4	-36.6	-110.1	-31.5	-52.8	-85.6
Change in Accounts Receivable
Changes in Inventories	-76.9	-23.3	-92.3	169.4	150.9	-152.1
Change in Inventories
Changes in Accounts Payable	7.4	89.9	210.1	32.4	-264.7	230.9
Change in Accounts Payable
Changes in Other Operating Activities	-156.1	193.1	-54.7	241.4	-82.4	148.5
Change in Other Assets
Change in Other Liabilities
Cash from Operating Activities	1,071.2	1,553.4	1,260.5	1,640.2	771.6	1,295.9
Cash Provided by Operating Activities - Continuing Operations
Cash Provided by Operating Activities - Discontinued Operations

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-454.6	-596.1	-398.4	-429.1	-345.7	-395.3
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	42.4	7.8	3.5	1.3	8.6	1.5
Property and Other Assets Sold
Purchases of Intangible Assets	—	—	—	—	—	—
Capitalized Software Expenditures
Payments for Business Acquisitions	-0.5	-274.2	-38.7	-75.4	-105	—
Acquisitions and Investments in Affiliates, Net of Cash Acquired
Proceeds from Business Divestments	-14.9	889.7	—	—	—	—
Divestiture of Businesses, Net of Cash Divested
Other Investing Activities	-20.8	-9.6	-17.8	-23.8	-21.4	-12.2
Release from Acquisition Related Escrow
Reduction of Cash Due to Venezuelan Deconsolidation
Settlement of Net Investment Hedges
Other, Net
Net Change in Cash Balances Classified as Assets Held for Sale
Cash from Investing Activities	-448.4	11.6	-445.4	-527	-463.5	-406
Cash Provided by Investing Activities - Continuing Operations
Cash Provided by Investing Activities - Discontinued Operations

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	-0.8	0.2	1.7	-3.6	1.7	-612.3
Net Issuances of Commercial Paper and Notes Payable
Net Issuance / (Repayments) of Short-Term Debt	-0.8	0.2	1.7	-3.6	1.7	-612.3
Issuance of Long-Term Debt	500	-630.4	—	-500	—	494
Long-Term Debt Borrowings
Repayments of Long-Term Debt	—	-356.9	-629.6	-13.7	—	-518.2
Long-Term Debt Repayments
Net Issuance / (Repayments) of Long-Term Debt	500	-987.3	-629.6	-513.7	—	-24.2
Issuance of Common Shares	139	-155	154.4	-65.9	50.6	159.3
Exercise of Employee Stock Options
Repurchases of Common Shares	-199.2	-144.9	-519.4	-606.4	-10.9	-200
Reacquired Shares
Net Issuance / (Repurchases) of Common Shares	-60.2	-299.9	-365	-672.3	39.7	-40.7
Common Share Dividends Paid	-380	600.1	-340.7	405.4	-308.6	329.2
Dividends Paid
Other Financing Activities	-3.3	-3.5	-2.1	50.7	-55	-62.1
Excess Tax Benefits from Share-Based Payment Arrangements
Acquisition Related Liabilities and Contingent Consideration
Debt Refinancing
Hedge Settlements
Other, Net
Cash from Financing Activities	55.7	-688.4	-1,335.7	-732.5	-322.2	-409.1
Cash Provided by Financing Activities - Continuing Operations
Cash Provided by Financing Activities - Discontinued Operations