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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 7,658 | 8,850 | 9,154 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 889 | 882 | 898 |
| Deferred income tax benefit | (62) | (28) | (248) |
| Asset impairment and exit costs, net of cash paid | 175 | 288 | 26 |
| Cash effects of changes, net of the effects from acquired companies: | |||
| Receivables, net | (463) | (449) | (398) |
| Inventories | 105 | (1,413) | (728) |
| Accounts payable | 177 | 103 | 10 |
| Income taxes | (230) | (331) | 638 |
| Accrued liabilities and other current assets | (507) | 1,880 | (183) |
| Pension plan contributions | (191) | (150) | (207) |
| Other | 188 | 503 | 459 |
| Net cash provided by operating activities | 7,739 | 10,135 | 9,421 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,153) | (1,200) | (1,056) |
| Investments in unconsolidated subsidiaries | (29) | (1,418) | (6) |
| Purchase of businesses, net of acquired cash | (110) | 0 | 0 |
| Other | 296 | (62) | 70 |
| Net cash used in investing activities | (996) | (2,680) | (992) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Short-term borrowing activity by original maturity: | |||
| Net issuances (repayments) - maturities of 90 days or less | (516) | (1,099) | 1,515 |
| Issuances - maturities longer than 90 days | 1,007 | 2,000 | 603 |
| Repayments - maturities longer than 90 days | (1,571) | (849) | (1,220) |
| Long-term debt proceeds | 5,591 | 7,181 | 5,516 |
| Long-term debt repaid | (1,240) | (2,738) | (2,237) |
| Repurchases of common stock | (3,833) | (5,963) | (6,525) |
| Dividends paid | (6,035) | (5,720) | (5,404) |
| Purchase of subsidiary shares from noncontrolling interests | 0 | (703) | (2) |
| Other | (242) | (324) | (346) |
| Net cash used in financing activities | (6,839) | (8,215) | (8,100) |
| Effect of exchange rate changes on cash and cash equivalents | (376) | (69) | 104 |
| Cash and cash equivalents: | |||
| (Decrease) Increase | (472) | (829) | 433 |
| Balance at beginning of year | 2,154 | 2,983 | |
| Balance at end of year | 1,682 | 2,154 | 2,983 |
| Cash Paid: | |||
| Interest | 1,068 | 978 | 986 |
| Income taxes | 3,577 | 3,999 | 3,420 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2014 | |
| 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 |