10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MERCK & CO., INC. | |||
Ticker: MRK Fiscal Year: 2018 | |||
Consolidated Statement 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 income | $ 6,193 | 2,418 | 3,941 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 4,519 | 4,676 | 5,471 |
| Intangible asset impairment charges | 296 | 646 | 3,948 |
| Charge for future payments related to collaboration license options | 650 | 500 | 0 |
| Provisional charge for one-time transition tax related to the enactment of U.S. tax legislation | 0 | 5,347 | 0 |
| Charge related to the settlement of worldwide Keytruda patent litigation | 0 | 0 | 625 |
| Deferred income taxes | (509) | (2,621) | (1,521) |
| Share-based compensation | 348 | 312 | 300 |
| Other | 978 | 190 | 213 |
| Net changes in assets and liabilities: | |||
| Accounts receivable | (418) | 297 | (619) |
| Inventories | (911) | (145) | 206 |
| Trade accounts payable | 230 | 254 | 278 |
| Accrued and other current liabilities | (341) | (922) | (2,018) |
| Income taxes payable | 827 | (3,291) | 124 |
| Noncurrent liabilities | (266) | (123) | (809) |
| Other | (674) | (1,087) | 237 |
| Net Cash Provided by Operating Activities | 10,922 | 6,451 | 10,376 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (2,615) | (1,888) | (1,614) |
| Purchases of securities and other investments | (7,994) | (10,739) | (15,651) |
| Proceeds from sales of securities and other investments | 15,252 | 15,664 | 14,353 |
| Acquisitions, net of cash acquired | (431) | (396) | (780) |
| Other | 102 | 38 | 482 |
| Net Cash Provided by (Used in) Investing Activities | 4,314 | 2,679 | (3,210) |
| Cash Flows from Financing Activities | |||
| Net change in short-term borrowings | 5,124 | (26) | 0 |
| Payments on debt | (4,287) | (1,103) | (2,386) |
| Proceeds from issuance of debt | 0 | 0 | 1,079 |
| Purchases of treasury stock | (9,091) | (4,014) | (3,434) |
| Dividends paid to stockholders | (5,172) | (5,167) | (5,124) |
| Proceeds from exercise of stock options | 591 | 499 | 939 |
| Other | (325) | (195) | (118) |
| Net Cash Used in Financing Activities | (13,160) | (10,006) | (9,044) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (205) | 457 | (131) |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 1,871 | (419) | (2,009) |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Year (includes $4 million of restricted cash at January 1, 2018 included in Other Assets) | 6,096 | 6,515 | |
| Cash, Cash Equivalents and Restricted Cash at End of Year (includes $2 million of restricted cash at December 31, 2018 included in Other Assets) | 7,967 | 6,096 | 6,515 |
| External Links | |
| MERCK & CO., INC. (MRK) 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 |