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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 21, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities | |||
| Net earnings | $ 7,882 | 5,687 | 5,309 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation | 464 | 471 | 425 |
| Amortization of intangible assets | 1,553 | 1,294 | 1,076 |
| Change in fair value of contingent consideration liabilities | 3,091 | 49 | 626 |
| Stock-based compensation | 430 | 421 | 365 |
| Upfront costs and milestones related to collaborations | 490 | 1,061 | 470 |
| Gain on divestitures | (330) | 0 | 0 |
| Intangible asset impairment | 1,030 | 5,070 | 354 |
| Impacts related to U.S. tax reform | 0 | 424 | 1,242 |
| Other, net | 43 | 76 | 84 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (74) | (591) | (391) |
| Inventories | (231) | (226) | 93 |
| Prepaid expenses and other assets | 97 | (499) | (118) |
| Accounts payable and other liabilities | (1,121) | 190 | 425 |
| Cash flows from operating activities | 13,324 | 13,427 | 9,960 |
| Cash flows from investing activities | |||
| Acquisitions and investments | (1,135) | (736) | (308) |
| Acquisitions of property and equipment | (552) | (638) | (529) |
| Purchases of investment securities | (583) | (1,792) | (2,230) |
| Sales and maturities of investment securities | 2,699 | 2,160 | 2,793 |
| Other | 167 | 0 | 0 |
| Cash flows from investing activities | 596 | (1,006) | (274) |
| Cash flows from financing activities | |||
| Net change in commercial paper borrowings | (699) | 299 | 23 |
| Proceeds from issuance of other short-term borrowings | 0 | 3,002 | 0 |
| Repayments of other short-term borrowings | (3,000) | 0 | 0 |
| Proceeds from issuance of long-term debt | 31,482 | 5,963 | |
| Repayments of long-term debt and finance lease obligations | (1,536) | (6,035) | (25) |
| Debt issuance costs | (424) | (40) | 0 |
| Dividends paid | (6,366) | (5,580) | (4,107) |
| Purchases of treasury stock | (629) | (12,014) | (1,410) |
| Proceeds from the exercise of stock options | 8 | 73 | 254 |
| Payments of contingent consideration liabilities | (163) | (78) | (268) |
| Other, net | 35 | 14 | 21 |
| Cash flows from financing activities | 18,708 | (14,396) | (5,512) |
| Effect of exchange rate changes on cash and equivalents | 7 | (39) | 29 |
| Net change in cash and equivalents | 32,635 | (2,014) | 4,203 |
| Cash and equivalents, beginning of year | 7,289 | 9,303 | |
| Cash and equivalents, end of year | 39,924 | 7,289 | 9,303 |
| Other supplemental information | |||
| Interest paid, net of portion capitalized | 1,794 | 1,215 | 1,099 |
| Income taxes paid | 1,447 | 1,696 | |
| Income taxes received | 35 | ||
| External Links | |
| ABBVIE INC. (ABBV) Fiscal Year 2019 | |
| 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 |