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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 7,032 | 7,658 | 8,850 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 754 | 889 | 882 |
| Deferred income tax benefit | (18) | (62) | (28) |
| Asset impairment and exit costs, net of cash paid | (164) | 175 | 288 |
| Cash effects of changes, net of the effects from acquired companies: | |||
| Receivables, net | 647 | (463) | (449) |
| Inventories | (841) | 105 | (1,413) |
| Accounts payable | 310 | 177 | 103 |
| Income taxes | (42) | (230) | (331) |
| Accrued liabilities and other current assets | (8) | (507) | 1,880 |
| Pension plan contributions | (154) | (191) | (150) |
| Other | 349 | 188 | 503 |
| Net cash provided by operating activities | 7,865 | 7,739 | 10,135 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (960) | (1,153) | (1,200) |
| Investments in unconsolidated subsidiaries | (55) | (29) | (1,418) |
| Purchase of businesses, net of acquired cash | 0 | (110) | 0 |
| Other | 307 | 296 | (62) |
| Net cash used in investing activities | (708) | (996) | (2,680) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Short-term borrowing activity by original maturity: | |||
| Net repayments - maturities of 90 days or less | (266) | (516) | (1,099) |
| Issuances - maturities longer than 90 days | 0 | 1,007 | 2,000 |
| Repayments - maturities longer than 90 days | 0 | (1,571) | (849) |
| Long-term debt proceeds | 1,539 | 5,591 | 7,181 |
| Long-term debt repaid | (1,229) | (1,240) | (2,738) |
| Repurchases of common stock | (48) | (3,833) | (5,963) |
| Dividends paid | (6,250) | (6,035) | (5,720) |
| Sale (purchase) of subsidiary shares to/(from) noncontrolling interests (Note 6) | 1,622 | 0 | (703) |
| Other | (104) | (242) | (324) |
| Net cash used in financing activities | (4,736) | (6,839) | (8,215) |
| Effect of exchange rate changes on cash and cash equivalents | (686) | (376) | (69) |
| Cash and cash equivalents: | |||
| Increase (Decrease) | 1,735 | (472) | (829) |
| Balance at beginning of year | 1,682 | 2,154 | |
| Balance at end of year | 3,417 | 1,682 | 2,154 |
| Cash Paid: | |||
| Interest | 1,045 | 1,068 | 978 |
| Income taxes | 2,771 | 3,577 | 3,999 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2015 | |
| 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 |