10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ABBVIE INC. | |||
Ticker: ABBV Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net earnings | $ 5,953 | 5,144 | 1,774 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation | 425 | 417 | 383 |
| Amortization of intangible assets | 764 | 419 | 403 |
| Change in fair value of contingent consideration | 228 | 0 | 0 |
| Stock-based compensation | 353 | 282 | 241 |
| Upfront costs and milestones related to collaborations | 280 | 280 | 1,102 |
| Devaluation loss related to Venezuela | 298 | 0 | 0 |
| Other, net | 429 | 489 | 434 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (71) | (1,076) | (172) |
| Inventories | (38) | (434) | (203) |
| Prepaid expenses and other assets | (393) | 511 | (220) |
| Accounts payable and other liabilities | (1,187) | 1,503 | (193) |
| Cash flows from operating activities | 7,041 [1] | 7,535 | 3,549 |
| Cash flows from investing activities | |||
| Acquisition of businesses, net of cash acquired | (2,495) | (11,488) | |
| Other acquisitions and investments | (262) | (964) | (622) |
| Acquisitions of property and equipment | (479) | (532) | (612) |
| Purchases of investment securities | (5,315) | (851) | (1,169) |
| Sales and maturities of investment securities | 2,359 | 899 | 1,477 |
| Other | 118 | 0 | 0 |
| Cash flows from investing activities | (6,074) | (12,936) | (926) |
| Cash flows from financing activities | |||
| Net change in short-term borrowings | (29) | (19) | 12 |
| Proceeds from issuance of long-term debt | 11,627 | 20,660 | |
| Repayments of long-term debt and lease obligations | (6,010) | (4,018) | (17) |
| Debt issuance cost | (69) | (182) | (141) |
| Dividends paid | (3,717) | (3,294) | (2,661) |
| Purchases of treasury stock | (6,033) | (7,586) | (665) |
| Proceeds from the exercise of stock options | 268 | 155 | 232 |
| Other, net | 35 | 36 | (53) |
| Cash flows from financing activities | (3,928) | 5,752 | (3,293) |
| Effect of exchange rate changes on cash and equivalents | (338) | (300) | (577) |
| Net increase (decrease) in cash and equivalents | (3,299) | 51 | (1,247) |
| Cash and equivalents, beginning of year | 8,399 | 8,348 | |
| Cash and equivalents, end of year | 5,100 | 8,399 | 8,348 |
| Other supplemental information | |||
| Interest paid, net of portion capitalized | 986 | 536 | 419 |
| Income taxes paid | 3,563 | 1,108 | 498 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Issuance of common shares associated with acquisitions of businesses | 3,923 | 8,405 | |
| [1] Cash flows from operating activities included the impact of transaction and financing-related and other costs incurred in connection with the terminated proposed combination with Shire plc. See Note 5 for additional information. | |||
| External Links | |
| ABBVIE INC. (ABBV) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |