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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 7,498 | 6,552 | 7,150 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 932 | 853 | 842 |
| Deferred income tax provision | 101 | 129 | 5 |
| Equity loss from RBH legal settlement | 124 | ||
| Colombian investment and cooperation agreement charge | 135 | ||
| Asset impairment and exit costs, net of cash paid | (28) | (27) | (15) |
| Cash effects of changes, net of the effects from acquired and divested companies: | |||
| Receivables, net | 123 | (187) | (25) |
| Inventories | 1,071 | 660 | (914) |
| Accounts payable | (72) | (116) | (90) |
| Income taxes | 92 | 5 | 39 |
| Accrued liabilities and other current assets | 41 | 190 | 857 |
| Pension plan contributions | (433) | (558) | (262) |
| Changes in amounts due from Altria Group, Inc. and affiliates | 37 | ||
| Other | 112 | 248 | 187 |
| Net cash provided by operating activities | 9,437 | 7,884 | 7,935 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (713) | (715) | (1,099) |
| Purchase of businesses, net of acquired cash | (83) | (429) | (1,663) |
| Other | 86 | 46 | (399) |
| Net cash used in investing activities | (710) | (1,098) | (3,161) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Net (repayment) issuance of short-term borrowings | (9) | 246 | (449) |
| Long-term debt proceeds | 1,130 | 2,987 | 11,892 |
| Long-term debt repaid | (183) | (101) | (5,736) |
| Repurchases of common stock | (5,030) | (5,625) | (5,256) |
| Issuance of common stock | 229 | 177 | 118 |
| Changes in amounts due from Altria Group, Inc. and affiliates | 664 | ||
| Dividends paid to Altria Group, Inc. | (3,019) | ||
| Dividends paid to public stockholders | (4,423) | (4,327) | (2,060) |
| Other | (292) | (268) | (332) |
| Net cash used in financing activities | (8,578) | (6,911) | (4,178) |
| Effect of exchange rate changes on cash and cash equivalents | 14 | 134 | (566) |
| Cash and cash equivalents: | |||
| Increase | 163 | 9 | 30 |
| Balance at beginning of year | 1,540 | 1,531 | |
| Balance at end of year | 1,703 | 1,540 | 1,531 |
| Cash paid: Interest | 912 | 743 | 499 |
| Income taxes | 2,728 | 2,537 | 2,998 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2010 | |
| 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 |