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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities | |||
| Net earnings | $ 5,687 | 5,309 | 5,953 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation | 471 | 425 | 425 |
| Amortization of intangible assets | 1,294 | 1,076 | 764 |
| Change in fair value of contingent consideration liabilities | 49 | 626 | 228 |
| Stock-based compensation | 421 | 365 | 353 |
| Upfront costs and milestones related to collaborations | 1,061 | 470 | 280 |
| Devaluation loss related to Venezuela | 0 | 0 | 298 |
| Intangible asset impairment | 5,070 | 354 | 39 |
| Impacts related to U.S. tax reform | 424 | 1,242 | 0 |
| Other, net | 76 | 84 | 390 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (591) | (391) | (71) |
| Inventories | (226) | 93 | (38) |
| Prepaid expenses and other assets | (499) | (118) | (393) |
| Accounts payable and other liabilities | 190 | 425 | (1,187) |
| Cash flows from operating activities | 13,427 | 9,960 | 7,041 |
| Cash flows from investing activities | |||
| Acquisition of businesses, net of cash acquired | (2,495) | ||
| Other acquisitions and investments | (736) | (308) | (262) |
| Acquisitions of property and equipment | (638) | (529) | (479) |
| Purchases of investment securities | (1,792) | (2,230) | (5,315) |
| Sales and maturities of investment securities | 2,160 | 2,793 | 2,359 |
| Other | 0 | 0 | 118 |
| Cash flows from investing activities | (1,006) | (274) | (6,074) |
| Cash flows from financing activities | |||
| Net change in commercial paper borrowings | 299 | 23 | (23) |
| Proceeds from issuance of other short-term borrowings | 3,002 | 0 | 0 |
| Proceeds from issuance of long-term debt | 5,963 | 11,627 | |
| Repayments of long-term debt and lease obligations | (6,035) | (25) | (6,010) |
| Debt issuance costs | (40) | 0 | (69) |
| Dividends paid | (5,580) | (4,107) | (3,717) |
| Purchases of treasury stock | (12,014) | (1,410) | (6,033) |
| Proceeds from the exercise of stock options | 73 | 254 | 268 |
| Payments of contingent consideration liabilities | (78) | (268) | 0 |
| Other, net | 14 | 21 | 29 |
| Cash flows from financing activities | (14,396) | (5,512) | (3,928) |
| Effect of exchange rate changes on cash and equivalents | (39) | 29 | (338) |
| Net change in cash and equivalents | (2,014) | 4,203 | (3,299) |
| Cash and equivalents, beginning of year | 9,303 | 5,100 | |
| Cash and equivalents, end of year | 7,289 | 9,303 | 5,100 |
| Other supplemental information | |||
| Interest paid, net of portion capitalized | 1,215 | 1,099 | 986 |
| Income taxes received | (35) | ||
| Income taxes paid | 1,696 | 3,563 | |
| Supplemental schedule of non-cash investing and financing activities | |||
| Issuance of common shares associated with acquisitions of businesses | 3,923 | ||
| External Links | |
| ABBVIE INC. (ABBV) Fiscal Year 2018 | |
| 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 |