Stock Analysis on Net
Stock Analysis on Net
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Becton, Dickinson & Co. (NYSE:BDX)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s 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’s 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.

Becton, Dickinson & Co., consolidated cash flow statement

US$ in millions

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12 months ended: Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Net income 874  1,233  311  1,100  976  695 
Depreciation and amortization 2,154  2,253  1,978  1,088  1,114  891 
Share-based compensation 244  261  322  174  196  166 
Deferred income taxes (302) (381) (240) (236) (426) (336)
Trade receivables, net (48) (51) (170) (93) (128) (2)
Inventories (125) (149) 246  (46) 69  200 
Prepaid expenses and other 81  299  (46) (366) 90  (69)
Accounts payable, income taxes and other liabilities 205  (470) 867  134  368  145 
Change in operating assets and liabilities 113  (371) 897  (371) 399  274 
Pension obligation 95  (123) (263) 84  (32) 28 
Excess tax benefits from payments under share-based compensation plans 52  55  78  77  —  — 
Lease contract modification-related charge —  —  —  748  —  — 
Gain on sale of Vyaire interest —  —  (303) —  —  — 
Gain on sale of business —  (336) —  —  —  — 
Product liability-related charges 378  914  —  —  —  — 
Other, net (69) (175) 85  (114) 332  12 
Adjustments to net income to derive net cash provided by operating activities 2,665  2,097  2,554  1,450  1,583  1,035 
Net cash provided by operating activities 3,539  3,330  2,865  2,550  2,559  1,730 
Capital expenditures (810) (957) (895) (727) (693) (596)
Acquisitions, net of cash acquired (164) —  (15,281) (174) —  (8,414)
Proceeds from divestitures, net —  477  534  165  158  — 
Other, net (258) (261) (187) (147) (134) 692 
Net cash used for investing activities (1,232) (741) (15,829) (883) (669) (8,318)
Change in credit facility borrowings (485) 485  —  (200) (500) 497 
Proceeds from long-term debt and term loans 3,389  2,224  5,086  11,462  —  6,164 
Payments of debt and term loans (4,664) (4,744) (3,996) (3,980) (752) (6)
Proceeds from issuance of equity securities 2,917  —  —  4,827  —  — 
Repurchase of common stock —  —  —  (220) —  — 
Excess tax benefit from payments under share-based compensation plans —  —  —  —  86  48 
Dividends paid (1,026) (984) (927) (677) (562) (485)
Other, net (109) (204) (221) (235) (33) (28)
Net cash provided by (used for) financing activities 22  (3,223) (58) 10,977  (1,761) 6,190 
Effect of exchange rate changes on cash and equivalents and restricted cash (3) (12) (17) (6) (12) (38)
Net increase (decrease) in cash and equivalents and restricted cash 2,326  (646) (13,039) 12,638  117  (436)
Opening cash and equivalents and restricted cash 590  1,236  14,179  1,541  1,424  1,861 
Closing cash and equivalents and restricted cash 2,916  590  1,140  14,179  1,541  1,425 

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

Cash flow statement item Description The company
Net cash provided by 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. Becton, Dickinson & Co.’s net cash provided by operating activities increased from 2018 to 2019 and from 2019 to 2020.
Net cash used for 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. Becton, Dickinson & Co.’s net cash used for investing activities increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Net cash provided by (used for) 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. Becton, Dickinson & Co.’s net cash provided by (used for) financing activities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.