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
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.

Zoetis Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017
Net income before allocation to noncontrolling interests 594 413 552 511 558 358 479 376 423 384 433 371 312 345 347 382 350 80 296 247 239
Depreciation and amortization expense 114 117 110 112 109 109 111 111 110 109 107 98 98 101 84 63 60 63 58 59 62
Share-based compensation expense 16 14 15 16 13 13 14 16 16 16 16 17 18 17 14 11 11 11 11 11 11
Asset write-offs and asset impairments 1 28 5 13 1 31 3 9 1 5 1 (3) 5 2 2 1
Net (gain) loss on sale of assets (1) 3 (1) (1) (17) (20) (42) 9 2
Provision for losses on inventory 9 10 11 14 11 49 24 19 13 24 15 15 14 17 12 9 16 8 6 24 16
Deferred taxes (45) 41 (97) (11) (13) (22) (2) (29) (9) (49) (8) (6) (16) 43 (14) (141) 130 (16) (11) 24
Employee benefit plan contribution from Pfizer Inc. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Loss on treasury locks (6)
Other non-cash adjustments 4 (6) (3) 3 4 2 7 2 (1) (11) 3 (21) 1 3 (1) 11 (4) 4
Accounts receivable (102) (12) 6 (41) (108) 5 (2) (38) 109 (51) (47) (46) 75 (104) 46 (69) 60 8 (17) (19) (22)
Inventories (146) (67) (93) (122) (84) (52) (61) (136) (97) (1) (53) (67) 17 32 52 10 (33) 54 11 6 (52)
Other assets (1) (15) 44 (60) 24 82 (108) 23 (65) (12) (4) (59) 24 35 (14) (61) (2) 116 (26) (93) (13)
Accounts payable (31) 54 20 21 (112) 98 12 72 (35) 18 (6) 57 (79) 76 (11) 18 (46) 46 10 (29) (37)
Other liabilities (222) 165 41 93 (72) 140 107 (28) (128) 159 51 (16) (103) 87 37 (13) (55) 69 41 (148)
Other tax accounts, net 117 (63) 41 (71) 68 (96) (22) 48 87 (16) 27 (46) 27 (27) 6 (75) 163 12 52 (13) 34
Other changes in assets and liabilities, net of acquisitions and divestitures (385) 62 59 (180) (284) 177 (74) (59) (129) 97 (32) (177) (39) 99 116 (190) 87 305 71 (148) (238)
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities (285) 266 101 (30) (158) 360 83 62 (15) 198 73 (53) 77 239 203 (115) 39 528 143 (67) (120)
Net cash provided by operating activities 309 679 653 481 400 718 562 438 408 582 506 318 389 584 550 267 389 608 439 180 119
Capital expenditures (115) (168) (119) (113) (77) (152) (117) (90) (94) (166) (128) (103) (63) (138) (74) (73) (53) (83) (48) (51) (42)
Acquisition of Abaxis, net of cash acquired (1,884)
Other acquisitions (4) (11) (3) (5) (30) (72) (6) (58) (137) (6) (108) (79) (3)
Purchase of investments (5) (2) (10)
Proceeds from maturities and redemptions of investments 12 13 40 36 28
Settlement on swaps designated as net investment hedges 6 27 15 (15) 17 (19) (28) (4) 24 37
Net proceeds from sale of assets 1 1 (2) 3 20 1 20 48 8 36 1
Other investing activities (1) (1) 3 (1) (1) (2) (14) 4 4 (6) 2 (3) (7) (1) 10 (3)
Net cash used in investing activities (118) (142) (114) (139) (63) (177) (174) (164) (57) (213) (209) (59) (23) (74) (2,064) (76) (45) (54) (128) (40) (48)
Increase (decrease) in short-term borrowings, net (4) 3 1 (9) 8
Issuance of commercial paper (100) 100
Proceeds from issuance of long-term debt, senior notes, net of discount 1,240 1,485 1,231
Principal payments on long-term debt (600) (500) (750)
Payment of consideration related to previous acquisitions (1) (5) (2) (1) (8) (12) (2) (5)
Acquisition of a noncontrolling interest, net of cash acquired 3 (26) (43)
Share-based compensation-related proceeds, net of taxes paid on withholding shares (30) 2 2 (39) (3) 2 4 17 5 (3) 2 3 5 8 4 2 4 2 12 6
Purchases of treasury stock (361) (198) (198) (166) (181) (250) (176) (150) (150) (150) (150) (143) (215) (190) (125) (125) (125) (125)
Cash dividends paid (154) (117) (119) (119) (119) (95) (95) (95) (95) (79) (78) (78) (79) (60) (61) (60) (62) (51) (52) (51) (52)
Payment of debt issuance costs (12)
Net cash provided by (used in) financing activities (545) (314) (919) (290) (339) (597) (93) 1,141 (328) (250) (232) (226) (243) (197) 1,263 (271) (262) (967) 956 (64) (176)
Effect of exchange-rate changes on cash and cash equivalents 4 (12) (4) 4 6 6 (13) (6) (5) (6) 3 3 (21) (16) 8 (4) 9 7
Net increase (decrease) in cash and cash equivalents (350) 211 (384) 56 (2) (50) 301 1,402 17 119 60 27 126 316 (272) (96) 90 (417) 1,276 76 (98)

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-10-01), 10-Q (reporting date: 2017-07-02), 10-Q (reporting date: 2017-04-02).

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 Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 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. Zoetis Inc. net cash used in investing activities decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 not reaching Q3 2021 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 Q3 2021 to Q4 2021 but then slightly decreased from Q4 2021 to Q1 2022.