Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Cash Flow Statement
Quarterly Data

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.

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Colgate-Palmolive Co., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net income including noncontrolling interests
Depreciation and amortization
ERISA litigation matter
Restructuring and termination benefits, net of cash
Stock-based compensation expense
Gain on the sale of land
Forward starting swap settlement
Goodwill and indefinite-lived intangible impairment charges
Loss on early extinguishment of debt
Charge for U.S. tax reform
Deferred income taxes
Voluntary benefit plan contributions
Receivables
Inventories
Accounts payable and other accruals
Other non-current assets and liabilities
Cash effects of changes in assets and liabilities
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations
Net cash provided by operations
Capital expenditures
Purchases of marketable securities and investments
Proceeds from sale of marketable securities and investments
Payment for acquisitions, net of cash acquired
Proceeds from the sale of land
Other investing activities
Net cash used in investing activities
Short-term borrowing (repayment) less than 90 days, net
Principal payments on debt
Proceeds from issuance of debt
Dividends paid
Purchases of treasury shares
Proceeds from exercise of stock options
Purchases of non-controlling interest in subsidiaries
Other financing activities
Net cash provided by (used in) financing activities
Effect of exchange rate changes on Cash and cash equivalents
Net increase (decrease) in Cash and cash equivalents

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


Net Income
The net income exhibited fluctuations over the periods, with a decline noted from early 2018 through 2021, followed by a significant drop in December 2021. Subsequently, there was some recovery into 2022, though the amounts remained volatile and generally lower compared to previous years, indicating inconsistent profitability.
Depreciation and Amortization
This expense remained relatively stable, with slight increases over the years, suggesting consistent investment in depreciable assets without major fluctuations in asset base or impairment activities aside from special charges.
Special Charges and Gains
Significant one-time items, including a large goodwill impairment charge in late 2021 and other charges such as losses on early extinguishment of debt and litigation expenses, were recorded sporadically. These items contributed to volatility in reported earnings and indicate occasional financial restructuring or adverse events.
Restructuring and Termination Benefits
The restructuring costs showed considerable variability, with some quarters reflecting notable charges and others instances of net benefits or minimal expenses, indicating periodic organizational adjustments.
Stock-based Compensation Expense
Expenses related to stock-based compensation showed an increasing trend over time, with occasional spikes possibly aligned with company incentive programs or stock price movements.
Working Capital Components
Receivables and inventories demonstrated pronounced volatility, with both positive and negative changes throughout the period. Accounts payable and accruals also fluctuated, sometimes significantly, pointing to dynamic changes in operations and supplier payment patterns. Cash flow impacts from these changes contributed to the variability in operational cash flows.
Operating Cash Flow
Net cash from operations showed an overall upward trend with peaks in several quarters, reflecting strong cash generation capabilities despite income volatility. Notably, some quarters with weaker net income were supported by positive adjustments and working capital management.
Investing Activities
Capital expenditures remained fairly consistent, with increased outflows in later years, indicating ongoing asset investments. There were periodic large payments related to acquisitions, particularly a notable outflow in 2019, and divestitures including land sales in specific periods. Purchases and sales of marketable securities presented as ongoing liquidity management activities.
Financing Activities
Financing cash flows were characterized by variability, including significant debt issuance and repayment activities. Dividends and share repurchases represented considerable uses of cash, with share repurchase volumes showing both stabilization and sporadic surges. Short-term borrowing and repayments evidenced tactical liquidity management, fluctuating substantially across quarters.
Exchange Rate Effects and Net Cash Position
Foreign exchange impacts on cash balances, while present, were minor relative to other cash flow components. Overall, cash and cash equivalents reflected minor net increases or decreases with no clear directional trend, suggesting efforts to balance liquidity requirements amid operational and investing activities.
Summary of Trends
The data reveal a company experiencing moderate earnings volatility influenced by special charges and fluctuating working capital levels. Cash flow from operations remains robust, supporting steady investments and shareholder returns through dividends and buybacks. Financing activities are active and responsive to funding needs and market conditions. The overall picture suggests ongoing capital allocation discipline amid a business environment with episodic challenges and strategic adjustments.