Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

This company has been moved to the archive! The financial data has not been updated since July 27, 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.

Philip Morris International Inc., 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 earnings 1,682 2,102 2,494 2,222 2,346 2,465 2,229 2,588 2,298 2,595 2,119 2,437 2,049 1,987 1,782 2,046 2,436 1,464 2,003 2,341 2,295 1,647
Depreciation, amortization and impairment of goodwill and other intangibles 981 299 291 358 287 253 279 235 239 245 272 239 229 241 255 237 232 240 255 246 246 242
Deferred income tax provision (benefit) (115) (96) (88) (58) (87) (1) 1 (20) (31) 33 44 (93) (70) (24) (17) 1 (31) (94) (58) 3 (71) 26
Asset impairment and exit costs, net of cash paid (17) 102 (14) (32) (19) (28) 12 (8) 10 (36) 30 (42) 46 (48) 329 7 18 17
Receivables, net (537) 245 92 (336) (74) (553) 156 273 (200) (427) 167 197 (454) 116 175 267 (777) 4 (59) 177 48 (113)
Inventories 709 (783) (2,080) (74) 1,099 (232) (686) 468 462 305 (988) 843 555 (575) (484) (450) 149 237 (464) 377 (864) 338
Accounts payable (269) (145) 444 101 160 14 488 181 51 (67) 428 142 (99) (65) 482 70 (94) (7) 325 (248) (66) (62)
Accrued liabilities and other current assets 1,102 (2,705) 2,188 543 (34) (835) 1,643 (80) 1,168 (2,108) 1,147 (246) (118) (662) 816 (250) 1,397 (855) 289 (1,402) 2,532 (509)
Income taxes (421) (88) (71) 234 (331) (93) 4 195 (368) (91) (79) 52 (179) (54) 81 95 150 (251) 137 88 (45) (315)
Cash effects of changes, net of the effects from acquired companies 584 (3,476) 573 468 820 (1,699) 1,605 1,037 1,113 (2,388) 675 988 (295) (1,240) 1,070 (268) 825 (872) 228 (1,008) 1,605 (661)
Pension plan contributions, net of refunds (27) (45) (35) (25) 97 (34) (50) (22) (167) (30) (40) (10) (29) (23) (111) (18) (54) (17) (52) (17) (16) (25)
Other 354 159 (128) 135 80 162 (44) 60 168 16 62 95 (5) 218 16 78 16 503 46 118 (66) 151
Adjustments to reconcile net earnings to operating cash flows 1,760 (3,057) 599 846 1,178 (1,347) 1,803 1,282 1,332 (2,160) 1,043 1,177 (124) (876) 1,542 37 1,006 (223) 419 (658) 1,698 (267)
Net cash provided by (used in) operating activities 3,442 (955) 3,093 3,068 3,524 1,118 4,032 3,870 3,630 435 3,162 3,614 1,925 1,111 3,324 2,083 3,442 1,241 2,422 1,683 3,993 1,380
Capital expenditures (360) (279) (347) (252) (249) (229) (289) (152) (128) (179) (140) (152) (140) (170) (156) (194) (178) (324) (334) (328) (409) (365)
Acquisition of Swedish Match AB, net of acquired cash (13,976)
Other acquisitions, net of acquired cash (242) (1,842) (27)
Altria Group, Inc. agreement (1,002)
Equity investments (83) (8) (20) (8) (26) (44) (1) (2) (3) (4) (24) (22) (11) (12) (18)
Deconsolidation of RBH (1,346)
Net investment hedges and other derivatives (178) (164) (350) 120 393 121 188 131 (52) 199 (413) (312) (510) 684 (43) 313 25 91 476 (137) 742 (665)
Other 138 (140) 147 36 (3) (68) 11 (1) 24 35 11 30 3 2 15 6 4 7 46 (5) 14 30
Net cash (used in) provided by investing activities (483) (591) (15,528) (96) 141 (196) (340) (1,890) (183) 55 (586) (434) (648) 514 (184) 122 (153) (1,596) 166 (481) 335 (1,018)
Short-term borrowing, net issuances (repayments), maturities of 90 days or less (1,005) 3,361 (1,743) 2,054 (1,351) 1,916 18 90 (59) (49) 89 (84) (1,172) 1,097 (24) 89 (262) (167) 180 (44) 16 103
Short-term borrowing, issuances, maturities longer than 90 days 354 358 139 490 305 20 25 989
Short-term borrowing, repayments, maturities longer than 90 days (42) (138) (780) (15) (45) (989)
Borrowings under credit facilities related to Swedish Match AB acquisition 13,920
Repayments under credit facilities related to Swedish Match AB acquisition (4,430) (4,000)
Long-term debt proceeds 2,449 5,203 5,965 1,483 2,230 2,191 1,628
Long-term debt repaid (1,352) (682) (745) (1,482) (1) (496) (1,063) (347) (1,632) (358) (3,641) (1,027) (834) (2,137) (1) (2,483)
Repurchases of common stock (209) (681) (94)
Dividends paid (1,977) (1,987) (1,973) (1,942) (1,945) (1,952) (1,952) (1,876) (1,873) (1,879) (1,879) (1,827) (1,830) (1,828) (1,825) (1,779) (1,777) (1,780) (1,775) (1,778) (1,673) (1,659)
Payments to acquire Swedish Match AB noncontrolling interests (883) (1,495)
Noncontrolling interests activity and Other (211) 62 (191) (121) (277) (265) (123) (173) (195) (89) (158) (214) (202) (202) (83) (48) (170) (56) (151) (67) (137) (182)
Net cash provided by (used in) financing activities (1,784) 864 9,877 (2,271) (3,099) (701) (3,801) (2,053) (2,474) (3,649) (465) (2,528) (954) (4,549) (2,959) 453 (2,404) (3,151) (1,747) (1,889) (4,277) (1,738)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (109) (89) 401 (370) (149) (95) (191) (47) 41 (220) 347 (32) 134 (191) 173 (160) 42 (28) (134) (22) (660) 131
Cash, cash equivalents and restricted cash, increase (decrease) 1,066 (771) (2,157) 331 417 126 (300) (120) 1,014 (3,379) 2,458 620 457 (3,115) 354 2,498 927 (3,534) 707 (709) (609) (1,245)

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).

Cash flow statement item Description The company
Net cash provided by (used in) 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. Philip Morris International Inc. net cash provided by (used in) operating activities decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Net cash (used in) provided by 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. Philip Morris International Inc. net cash (used in) provided by investing activities increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Net cash provided by (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. Philip Morris International Inc. net cash provided by (used in) financing activities decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.