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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities | |||
| Net earnings | $ 5,309 | 5,953 | 5,144 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation | 425 | 425 | 417 |
| Amortization of intangible assets | 1,076 | 764 | 419 |
| Change in fair value of contingent consideration liabilities | 626 | 228 | 0 |
| Stock-based compensation | 365 | 353 | 282 |
| Upfront costs and milestones related to collaborations | 470 | 280 | 280 |
| Devaluation loss related to Venezuela | 0 | 298 | 0 |
| Intangible asset impairment | 354 | 39 | 0 |
| Impacts related to U.S. tax reform | 1,242 | 0 | 0 |
| Other, net | 84 | 390 | 489 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (391) | (71) | (1,076) |
| Inventories | 93 | (38) | (434) |
| Prepaid expenses and other assets | (118) | (393) | 511 |
| Accounts payable and other liabilities | 425 | (1,187) | 1,503 |
| Cash flows from operating activities | 9,960 | 7,041 | 7,535 |
| Cash flows from investing activities | |||
| Acquisition of businesses, net of cash acquired | 0 | (2,495) | (11,488) |
| Other acquisitions and investments | (308) | (262) | (964) |
| Acquisitions of property and equipment | (529) | (479) | (532) |
| Purchases of investment securities | (2,230) | (5,315) | (851) |
| Sales and maturities of investment securities | 2,793 | 2,359 | 899 |
| Other | 0 | 118 | 0 |
| Cash flows from investing activities | (274) | (6,074) | (12,936) |
| Cash flows from financing activities | |||
| Net change in short-term borrowings | 22 | (29) | (19) |
| Proceeds from issuance of long-term debt | 0 | 11,627 | 20,660 |
| Repayments of long-term debt and lease obligations | (25) | (6,010) | (4,018) |
| Debt issuance costs | 0 | (69) | (182) |
| Dividends paid | (4,107) | (3,717) | (3,294) |
| Purchases of treasury stock | (1,410) | (6,033) | (7,586) |
| Proceeds from the exercise of stock options | 254 | 268 | 155 |
| Payments of contingent consideration liabilities | (268) | 0 | 0 |
| Other, net | 22 | 35 | 36 |
| Cash flows from financing activities | (5,512) | (3,928) | 5,752 |
| Effect of exchange rate changes on cash and equivalents | 29 | (338) | (300) |
| Net change in cash and equivalents | 4,203 | (3,299) | 51 |
| Cash and equivalents, beginning of year | 5,100 | 8,399 | |
| Cash and equivalents, end of year | 9,303 | 5,100 | 8,399 |
| Other supplemental information | |||
| Interest paid, net of portion capitalized | 1,099 | 986 | 536 |
| Income taxes paid | 1,696 | 3,563 | 1,108 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Issuance of common shares associated with acquisitions of businesses | 0 | 3,923 | 8,405 |
| External Links | |
| ABBVIE INC. (ABBV) Fiscal Year 2017 | |
| 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 |