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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 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 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 8,879 | 7,498 | 6,552 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 993 | 932 | 853 |
| Deferred income tax provision | 15 | 101 | 129 |
| Colombian investment and cooperation agreement charge | 135 | ||
| Asset impairment and exit costs, net of cash paid | 11 | (28) | (27) |
| Cash effects of changes, net of the effects from acquired and divested companies: | |||
| Receivables, net | (251) | 123 | (187) |
| Inventories | (36) | 1,071 | 660 |
| Accounts payable | 199 | (72) | (116) |
| Income taxes | 231 | 92 | 5 |
| Accrued liabilities and other current assets | 691 | 41 | 190 |
| Pension plan contributions | (535) | (433) | (558) |
| Other | 332 | 112 | 248 |
| Net cash provided by operating activities | 10,529 | 9,437 | 7,884 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (897) | (713) | (715) |
| Purchase of businesses, net of acquired cash | (80) | (83) | (429) |
| Other | (55) | 86 | 46 |
| Net cash used in investing activities | (1,032) | (710) | (1,098) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Net (repayments) issuances - maturities of 90 days or less | (968) | 479 | 13 |
| Issuances - maturities longer than 90 days | 921 | 564 | |
| Repayments - maturities longer than 90 days | (179) | (488) | (331) |
| Long-term debt proceeds | 3,767 | 1,130 | 2,987 |
| Long-term debt repaid | (1,483) | (183) | (101) |
| Repurchases of common stock | (5,372) | (5,030) | (5,625) |
| Issuances of common stock | 75 | 229 | 177 |
| Dividends paid | (4,788) | (4,423) | (4,327) |
| Other | (311) | (292) | (268) |
| Net cash used in financing activities | (8,338) | (8,578) | (6,911) |
| Effect of exchange rate changes on cash and cash equivalents | (312) | 14 | 134 |
| Cash and cash equivalents: | |||
| Increase | 847 | 163 | 9 |
| Balance at beginning of year | 1,703 | 1,540 | |
| Balance at end of year | 2,550 | 1,703 | 1,540 |
| Cash paid: Interest | 963 | 912 | 743 |
| Income taxes | 3,366 | 2,728 | 2,537 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) 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 |