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.

Colgate-Palmolive Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income including noncontrolling interests	1,967)	2,338)	2,860)	2,527)	2,558)
Depreciation and amortization	545)	556)	539)	519)	511)
Restructuring and termination benefits, net of cash	49)	(21)	(71)	18)	(7)
Stock-based compensation expense	125)	135)	107)	100)	109)
Gain on the sale of land	(47)	—)	—)	—)	—)
Goodwill and intangible assets impairment charges	721)	571)	—)	—)	—)
Loss on early extinguishment of debt	—)	75)	23)	—)	—)
Charge for U.S. tax reform	—)	—)	—)	—)	80)
Deferred income taxes	(78)	(132)	(120)	17)	27)
Voluntary benefit plan contributions	—)	—)	—)	(113)	(67)
Receivables	(227)	(84)	138)	19)	(79)
Inventories	(333)	(72)	(251)	(77)	(58)
Accounts payable and other accruals	(115)	14)	520)	36)	18)
Other non-current assets and liabilities	(51)	(55)	(26)	87)	(36)
Cash effects of changes in assets and liabilities	(726)	(197)	381)	65)	(155)
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations	589)	987)	859)	606)	498)
Net cash provided by operations	2,556)	3,325)	3,719)	3,133)	3,056)
Capital expenditures	(696)	(567)	(410)	(335)	(436)
Purchases of marketable securities and investments	(470)	(141)	(143)	(184)	(169)
Proceeds from sale of marketable securities and investments	322)	141)	124)	131)	156)
Payment for acquisitions, net of cash acquired	(809)	—)	(353)	(1,711)	(728)
Proceeds from the sale of land	47)	—)	—)	—)	—)
Other investing activities	5)	(25)	3)	—)	7)
Net cash used in investing activities	(1,601)	(592)	(779)	(2,099)	(1,170)
Short-term borrowing (repayment) less than 90 days, net	540)	(171)	488)	296)	546)
Principal payments on debt	(406)	(703)	(1,085)	(1,441)	(725)
Proceeds from issuance of debt	1,513)	699)	—)	2,578)	—)
Dividends paid	(1,691)	(1,679)	(1,654)	(1,614)	(1,591)
Purchases of treasury shares	(1,308)	(1,320)	(1,476)	(1,202)	(1,238)
Proceeds from exercise of stock options	418)	424)	874)	498)	329)
Purchases of non-controlling interests in subsidiaries	—)	—)	(99)	—)	—)
Other financing activities	(18)	(24)	33)	15)	—)
Net cash used in financing activities	(952)	(2,774)	(2,919)	(870)	(2,679)
Effect of exchange rate changes on Cash and cash equivalents	(60)	(15)	(16)	(7)	(16)
Net increase (decrease) in Cash and cash equivalents	(57)	(56)	5)	157)	(809)
Cash and cash equivalents at beginning of year	832)	888)	883)	726)	1,535)
Cash and cash equivalents at end of year	775)	832)	888)	883)	726)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Download chart

Cash flow statement item	Description	The company
Net cash provided by operations	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.	Colgate-Palmolive Co. net cash provided by operations decreased from 2020 to 2021 and from 2021 to 2022.
Net cash used in 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.	Colgate-Palmolive Co. net cash used in investing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash used in 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.	Colgate-Palmolive Co. net cash used in financing activities increased from 2020 to 2021 and from 2021 to 2022.

Colgate-Palmolive Co. (NYSE:CL)

Cash Flow Statement