10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PHILIP MORRIS INTERNATIONAL INC. | |||
Ticker: PM Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 6,552 | 7,150 | 6,314 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 853 | 842 | 748 |
| Deferred income tax provision (benefit) | 129 | 5 | (22) |
| Equity loss from RBH legal settlement | 0 | 124 | 0 |
| Colombian investment and cooperation agreement charge | 135 | 0 | 0 |
| Gain on sale of business | 0 | 0 | (52) |
| Asset impairment and exit costs, net of cash paid | (27) | (15) | 77 |
| Cash effects of changes, net of the effects from acquired and divested companies: | |||
| Receivables, net | (187) | (25) | (828) |
| Inventories | 660 | (914) | (1,277) |
| Accounts payable | (116) | (90) | 47 |
| Income taxes | 5 | 39 | 219 |
| Accrued liabilities and other current assets | 190 | 857 | 239 |
| Pension plan contributions | (558) | (262) | (95) |
| Changes in amounts due from Altria Group, Inc. and affiliates | 0 | 37 | (27) |
| Other | 248 | 187 | 207 |
| Net cash provided by operating activities | 7,884 | 7,935 | 5,550 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (715) | (1,099) | (1,072) |
| Proceeds from sales of businesses | 0 | 0 | 87 |
| Purchase of businesses, net of acquired cash | (429) | (1,663) | (1,519) |
| Other | 46 | (399) | (82) |
| Net cash used in investing activities | (1,098) | (3,161) | (2,586) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Net issuance (repayment) of short-term borrowings | 246 | (449) | 2,162 |
| Long-term debt proceeds | 2,987 | 11,892 | 4,160 |
| Long-term debt repaid | (101) | (5,736) | (3,381) |
| Repurchases of common stock | (5,625) | (5,256) | 0 |
| Issuance of common stock | 177 | 118 | 0 |
| Changes in amounts due from Altria Group, Inc. and affiliates | 0 | 664 | 370 |
| Dividends paid to Altria Group, Inc. | 0 | (3,019) | (6,560) |
| Dividends paid to public stockholders | (4,327) | (2,060) | 0 |
| Other | (268) | (332) | (345) |
| Net cash used in financing activities | (6,911) | (4,178) | (3,594) |
| Effect of exchange rate changes on cash and cash equivalents | 134 | (566) | 346 |
| Cash and cash equivalents: | |||
| Increase (Decrease) | 9 | 30 | (284) |
| Balance at beginning of year | 1,531 | 1,501 | |
| Balance at end of year | 1,540 | 1,531 | 1,501 |
| Cash paid: Interest | 743 | 499 | 301 |
| Income taxes | 2,537 | 2,998 | 2,215 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2009 | |
| 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 |