Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Procter & Gamble Co., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Net earnings 14,738 14,793 14,352 13,103 3,966 9,861
Depreciation and amortization 2,714 2,807 2,735 3,013 2,824 2,834
Loss on early extinguishment of debt 512 346
Share-based compensation expense 545 528 540 558 515 395
Deferred income taxes (453) (402) (258) (596) (411) (1,844)
(Gain) loss on sale of assets (40) (85) (16) 7 (678) (176)
Goodwill and indefinite-lived intangible impairment charges 8,345
Change in accounts receivable (307) (694) (342) 634 (276) (177)
Change in inventories (119) (1,247) (309) (637) (239) (188)
Change in accounts payable and accrued and other liabilities 313 1,429 1,391 1,923 1,856 1,385
Change in other operating assets and liabilities (1,107) (635) (369) (710) (973) 2,000
Change in operating assets and liabilities (1,220) (1,147) 371 1,210 368 3,020
Other 564 229 135 108 313 431
Operating activities 16,848 16,723 18,371 17,403 15,242 14,867
Capital expenditures (3,062) (3,156) (2,787) (3,073) (3,347) (3,717)
Proceeds from asset sales 46 110 42 30 394 269
Acquisitions, net of cash acquired (765) (1,381) (34) (58) (3,945) (109)
Other investing activity 281 3 (55) 6,146 3,408 46
Investing activities (3,500) (4,424) (2,834) 3,045 (3,490) (3,511)
Dividends to shareholders (8,999) (8,770) (8,263) (7,789) (7,498) (7,310)
Additions to short-term debt with original maturities of more than three months 17,168 10,411 7,675 14,371
Reductions in short-term debt with original maturities of more than three months (13,031) (11,478) (7,577) (12,984)
Net additions (reductions) in other short-term debt (3,319) 917 (3,431) 958
Increases (reductions) in short-term debt (legacy) (2,215) (3,437)
Additions to long-term debt 3,997 4,385 4,417 4,951 2,367 5,072
Reductions of long-term debt, includes early extinguishment of debt costs (1,878) (2,343) (4,987) (2,447) (969) (2,873)
Treasury stock purchases (7,353) (10,003) (11,009) (7,405) (5,003) (7,004)
Impact of stock options and other 1,269 2,005 1,644 1,978 3,324 1,177
Financing activities (12,146) (14,876) (21,531) (8,367) (9,994) (14,375)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (170) (497) 101 (139) (88) 19
Change in cash, cash equivalents and restricted cash 1,032 (3,074) (5,893) 11,942 1,670 (3,000)
Cash, cash equivalents and restricted cash, beginning of year 7,214 10,288 16,181 4,239 2,569 5,569
Cash, cash equivalents and restricted cash, end of year 8,246 7,214 10,288 16,181 4,239 2,569

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Cash flow statement item Description The company
Operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Procter & Gamble Co. operating activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Procter & Gamble Co. investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Procter & Gamble Co. financing activities increased from 2021 to 2022 and from 2022 to 2023.