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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 18, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities | |||
| Net earnings | $ 11,549 | 4,622 | 7,882 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation | 803 | 666 | 464 |
| Amortization of intangible assets | 7,718 | 5,805 | 1,553 |
| Deferred income taxes | (898) | (2,325) | 122 |
| Change in fair value of contingent consideration liabilities | 2,679 | 5,753 | 3,091 |
| Stock-based compensation | 692 | 753 | 430 |
| Upfront costs and milestones related to collaborations | 1,624 | 1,376 | 490 |
| Gain on divestitures | (68) | 0 | (330) |
| Stemcentrx impairment | 0 | 0 | 1,030 |
| Other, net | 0 | 832 | 43 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (1,321) | (929) | (74) |
| Inventories | (142) | (40) | (231) |
| Prepaid expenses and other assets | (197) | 134 | (225) |
| Accounts payable and other liabilities | 1,628 | 1,514 | 97 |
| Income tax assets and liabilities, net | (1,290) | (573) | (1,018) |
| Cash flows from operating activities | 22,777 | 17,588 | 13,324 |
| Cash flows from investing activities | |||
| Acquisition of businesses, net of cash acquired | (525) | (38,260) | 0 |
| Other acquisitions and investments | (1,377) | (1,350) | (1,135) |
| Acquisitions of property and equipment | (787) | (798) | (552) |
| Purchases of investment securities | (119) | (61) | (583) |
| Sales and maturities of investment securities | 98 | 1,525 | 2,699 |
| Other, net | 366 | 1,387 | 167 |
| Cash flows from investing activities | (2,344) | (37,557) | 596 |
| Cash flows from financing activities | |||
| Net change in commercial paper borrowings | 0 | 0 | (699) |
| Repayments of other short-term borrowings | 0 | 0 | (3,000) |
| Proceeds from issuance of long-term debt | 1,000 | 3,000 | 31,482 |
| Repayments of long-term debt and finance lease obligations | (9,414) | (5,683) | (1,536) |
| Debt issuance costs | 0 | (20) | (424) |
| Dividends paid | (9,261) | (7,716) | (6,366) |
| Purchases of treasury stock | (934) | (978) | (629) |
| Proceeds from the exercise of stock options | 244 | 209 | 8 |
| Payments of contingent consideration liabilities | (698) | (321) | (163) |
| Other, net | 24 | 8 | 35 |
| Cash flows from financing activities | (19,039) | (11,501) | 18,708 |
| Effect of exchange rate changes on cash and equivalents | (97) | (5) | 7 |
| Net change in cash and equivalents | 1,297 | (31,475) | 32,635 |
| Cash and equivalents, beginning of year | 8,449 | 39,924 | |
| Cash and equivalents, end of year | 9,746 | 8,449 | 39,924 |
| Other supplemental information | |||
| Interest paid, net of portion capitalized | 2,712 | 2,619 | 1,794 |
| Income taxes paid | 3,648 | 1,674 | 1,447 |
| Supplemental schedule of non-cash investing and financing activities | |||
| Issuance of common shares associated with acquisitions of businesses | 0 | 23,979 | 0 |
| External Links | |
| ABBVIE INC. (ABBV) Fiscal Year 2021 | |
| 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 |