Free Cash Flow to The Firm (FCFF)
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., FCFF calculation
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
|---|---|---|---|---|---|---|
 |
Net earnings attributable to PMI | |
|
|
|
|
|
Add: Net earnings attributable to noncontrolling interests | |
|
|
|
|
|
Add: Net noncash charges | |
|
|
|
|
|
Less: Cash effects of changes, net of the effects from acquired and divested companies | |
|
|
|
|
|
Net cash provided by operating activities | |
|
|
|
|
|
Add: Cash paid, interest, net of tax | |
|
|
|
|
|
Less: Capital expenditures | |
|
|
|
|
|
Free cash flow to the firm (FCFF) | |
|
|
|
|
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Philip Morris International Inc.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Philip Morris International Inc.'s FCFF increased from 2009 to 2010 and from 2010 to 2011. |