10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PFIZER INC | |||
Ticker: PFE Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 28, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net income before allocation to noncontrolling interests | $ 10,051 | 8,288 | 8,643 |
| Adjustments to reconcile net income before allocation to noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 9,026 [1] | 8,487 | 4,757 |
| Share-based compensation expense | 419 | 405 | 349 |
| Asset write-offs and impairment charges | 1,198 | 3,486 | 305 |
| Acquisition-related in-process research and development charges | 125 | 68 | |
| (Gain)/loss on disposals | 15 | (155) | (670) |
| (Gain)/loss on sale of discontinued operations | (1,688) | 11 | (15) |
| Deferred taxes from continuing operations | 264 | 1,937 | (9,590) |
| Deferred taxes on discontinued operations | 190 | 16 | 8 |
| Benefit plan contributions (in excess of)/less than expense | (1,775) | (688) | 546 |
| Other non-cash adjustments | (189) | (19) | 199 |
| Other changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Accounts receivable | (66) | (608) | 252 |
| Inventories | 1,084 | 2,917 | 1,631 |
| Other assets | 582 | (906) | (851) |
| Accounts payable and other liabilities | 1,147 | 824 | 1,501 |
| Other tax accounts, net | (18) | (12,666) | 9,454 |
| Net cash provided by operating activities | 20,240 | 11,454 | 16,587 |
| Investing Activities | |||
| Purchases of property, plant and equipment | (1,660) | (1,513) | (1,205) |
| Purchases of short-term investments | (18,428) | (10,931) | (35,331) |
| Proceeds from redemptions and sales of short-term investments | 13,615 | 4,543 | 42,364 |
| Net proceeds from redemptions and sales of short-term investments with original maturities of 90 days or less | 10,874 | 5,950 | 5,775 |
| Purchases of long-term investments | (4,063) | (3,920) | (6,888) |
| Proceeds from redemptions and sales of long-term investments | 2,147 | 4,381 | 6,504 |
| Proceeds from redemptions of short-term loans | 561 | 1,156 | 1,158 |
| Issuances of short-term loans | (19) | (151) | (565) |
| Proceeds from redemptions of long-term loans | 356 | ||
| Issuances of long-term loans | (200) | (208) | (61) |
| Acquisitions, net of cash acquired | (3,282) | (273) | (43,123) |
| Proceeds from sale of business | 2,376 | ||
| Other investing activities | 279 | 118 | 100 |
| Net cash provided by/(used in) investing activities | 2,200 | (492) | (31,272) |
| Financing Activities | |||
| Proceeds from short-term borrowings | 12,810 | 6,400 | 31,159 |
| Principal payments on short-term borrowings | (3,826) | (9,249) | (34,969) |
| Net proceeds/(payments) on short-term borrowings with original maturities of 90 days or less | (7,540) | (1,297) | 874 |
| Proceeds from issuances of long-term debt | 1 | 24,023 | |
| Principal payments on long-term debt | (6,986) | (6) | (967) |
| Purchases of common stock | (9,000) | (1,000) | |
| Cash dividends paid | (6,234) | (6,088) | (5,548) |
| Other financing activities | 168 | 66 | (91) |
| Net cash provided by/(used in) financing activities | (20,607) | (11,174) | 14,481 |
| Effect of exchange-rate changes on cash and cash equivalents | (29) | (31) | 60 |
| Net increase/(decrease) in cash and cash equivalents | 1,804 | (243) | (144) |
| Cash and cash equivalents at beginning of year | 1,735 | 1,978 | |
| Cash and cash equivalents at end of year | 3,539 | 1,735 | 1,978 |
| Supplemental Cash Flow Information | |||
| Non-cash transactions-Acquisition of Wyeth, treasury stock issued | 23,303 | ||
| Cash paid during the period for: | |||
| Income taxes | 2,938 | 11,775 | 2,300 |
| Interest | 2,085 | 2,155 | 935 |
| [1] Certain production facilities are shared. Depreciation is allocated based on estimates of physical production. | |||
| External Links | |
| PFIZER INC (PFE) Fiscal Year 2011 | |
| 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 |