Stock Analysis on Net

Zoetis Inc. (NYSE:ZTS)

This company has been moved to the archive! The financial data has not been updated since May 5, 2022.

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.

Zoetis Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income before allocation to noncontrolling interests 2,034 1,636 1,500 1,424 862
Depreciation and amortization expense 448 441 412 308 242
Share-based compensation expense 58 59 67 53 44
Asset write-offs and asset impairments 47 43 7 4 3
Net (gain) loss on sales of assets 2 (19) (20) (42) 11
Provision for losses on inventory 46 105 68 54 54
Deferred taxes (80) (62) (79) (112) 127
Loss on treasury locks (6)
Employee benefit plan contribution from Pfizer Inc. 3 3 3 3 3
Other non-cash adjustments (2) 11 (12) (14) 10
Accounts receivable (155) 74 (69) (67) (50)
Inventories (366) (346) (104) 61 19
Other assets (7) (68) (51) (42) (16)
Accounts payable (17) 147 (10) 37 (10)
Other liabilities 227 91 91 56 (38)
Other tax accounts, net (25) 17 (8) 67 85
Other changes in assets and liabilities, net of acquisitions and divestitures (343) (85) (151) 112 (10)
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities 179 490 295 366 484
Net cash provided by operating activities 2,213 2,126 1,795 1,790 1,346
Capital expenditures (477) (453) (460) (338) (224)
Acquisition of Abaxis, net of cash acquired (1,884)
Other acquisitions (14) (113) (195) (114) (82)
Purchase of investments (12)
Proceeds from maturities and redemptions of investments 101 28
Settlements on swaps designated as net investment hedges 44 (27) 37
Net proceeds from sale of assets 2 21 21 56 37
Other investing activities (1) (8) (7) (1)
Net cash used in investing activities (458) (572) (504) (2,259) (270)
Increase (decrease) in short-term borrowings, net (4) 4 (9) 8
Principal payments on long-term debt (600) (500) (750)
Proceeds from issuance of long-term debt, senior notes, net of discount 1,240 1,485 1,231
Payment of consideration related to previous acquisitions (6) (2) (9) (12) (7)
Share-based compensation-related proceeds, net of taxes paid on withholding shares (35) 20 7 19 24
Purchases of treasury stock (743) (250) (626) (698) (500)
Cash dividends paid (474) (380) (314) (243) (206)
Payment of debt issuance costs (12)
Acquisition of a noncontrolling interest, net of cash acquired 3 (26) (43)
Net cash provided by (used in) financing activities (1,862) 123 (951) 533 (251)
Effect of exchange-rate changes on cash and cash equivalents (12) (7) (8) (26) 12
Net increase (decrease) in cash and cash equivalents (119) 1,670 332 38 837
Cash and cash equivalents at beginning of period 3,604 1,934 1,602 1,564 727
Cash and cash equivalents at end of period 3,485 3,604 1,934 1,602 1,564

Based on: 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), 10-K (reporting date: 2017-12-31).

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. Zoetis Inc. net cash provided by operating activities increased from 2019 to 2020 and from 2020 to 2021.
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. Zoetis Inc. net cash used in investing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. Zoetis Inc. net cash provided by (used in) financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.