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.

Kimberly-Clark Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Net income	2,396)	2,197)	1,445)	2,319)	2,219)
Depreciation and amortization	796)	917)	882)	724)	705)
Asset impairments	17)	—)	74)	—)	2)
Stock-based compensation	147)	96)	41)	76)	77)
Deferred income taxes	45)	29)	2)	(69)	(15)
Net (gains) losses on asset dispositions	68)	(193)	52)	21)	6)
Equity companies’ earnings (in excess of) less than dividends paid	(30)	(6)	18)	26)	(4)
Accounts receivable	95)	(116)	33)	(44)	(23)
Inventories	(96)	24)	(127)	(33)	230)
Trade accounts payable	239)	(153)	392)	174)	(61)
Accrued expenses	132)	11)	115)	(102)	26)
Accrued income taxes	42)	(6)	64)	(176)	121)
Derivatives	(9)	1)	30)	(47)	43)
Currency and other	(40)	(49)	(118)	80)	(2)
Operating working capital	363)	(288)	389)	(148)	334)
Postretirement benefits	(28)	13)	(25)	2)	(50)
Other	(45)	(29)	92)	(22)	(42)
Cash provided by operations	3,729)	2,736)	2,970)	2,929)	3,232)
Capital spending	(1,217)	(1,209)	(877)	(785)	(771)
Acquisition, net of cash acquired	(1,083)	(4)	—)	—)	—)
Proceeds from dispositions of property	31)	242)	51)	3)	23)
Investments in time deposits	(753)	(568)	(353)	(214)	(221)
Maturities of time deposits	690)	542)	272)	183)	188)
Other	27)	(45)	5)	(38)	49)
Cash used for investing	(2,305)	(1,042)	(902)	(851)	(732)
Cash dividends paid	(1,451)	(1,408)	(1,386)	(1,359)	(1,311)
Change in short-term debt	(561)	303)	(34)	360)	(908)
Debt proceeds	1,845)	706)	507)	937)	1,293)
Debt repayments	(854)	(707)	(407)	(1,481)	(598)
Proceeds from exercise of stock options	217)	228)	62)	121)	107)
Acquisitions of common stock for the treasury	(700)	(800)	(800)	(911)	(739)
Other	(63)	(114)	(57)	(88)	(29)
Cash used for financing	(1,567)	(1,792)	(2,115)	(2,421)	(2,185)
Effect of exchange rate changes on cash and cash equivalents	4)	1)	(30)	36)	(11)
Change in cash and cash equivalents	(139)	(97)	(77)	(307)	304)
Cash and cash equivalents, beginning of year	442)	539)	616)	923)	619)
Cash and cash equivalents, end of year	303)	442)	539)	616)	923)

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

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Cash flow statement item	Description	The company
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.	Kimberly-Clark Corp. cash provided by operations decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Cash used for investing	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.	Kimberly-Clark Corp. cash used for investing decreased from 2018 to 2019 and from 2019 to 2020.
Cash used for financing	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.	Kimberly-Clark Corp. cash used for financing increased from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp. (NYSE:KMB)

Cash Flow Statement