10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PHILIP MORRIS INTERNATIONAL INC. | |||
Ticker: PM Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 7,250 | 7,032 | 7,658 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 743 | 754 | 889 |
| Deferred income tax (benefit) provision | 182 | (18) | (62) |
| Asset impairment and exit costs, net of cash paid | (31) | (164) | 175 |
| Cash effects of changes, net of the effects from acquired companies: | |||
| Receivables, net | (1,009) | 647 | (463) |
| Inventories | (695) | (841) | 105 |
| Accounts payable | 373 | 310 | 177 |
| Income taxes | (209) | (42) | (230) |
| Accrued liabilities and other current assets | 1,477 | (8) | (507) |
| Pension plan contributions | (191) | (154) | (191) |
| Other | 187 | 349 | 188 |
| Net cash provided by operating activities | 8,077 | 7,865 | 7,739 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,172) | (960) | (1,153) |
| Investments in unconsolidated subsidiaries | (41) | (55) | (29) |
| Purchase of businesses, net of acquired cash | 0 | 0 | (110) |
| Other | 245 | 307 | 296 |
| Net cash used in investing activities | (968) | (708) | (996) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Short-term borrowing activity by original maturity: | |||
| Net repayments - maturities of 90 days or less | (12) | (266) | (516) |
| Issuances - maturities longer than 90 days | 0 | 0 | 1,007 |
| Repayments - maturities longer than 90 days | 0 | 0 | (1,571) |
| Long-term debt proceeds | 3,536 | 1,539 | 5,591 |
| Long-term debt repaid | (2,393) | (1,229) | (1,240) |
| Repurchases of common stock | 0 | (48) | (3,833) |
| Dividends paid | (6,378) | (6,250) | (6,035) |
| Sale (purchase) of subsidiary shares to/(from) noncontrolling interests | 7 | 1,622 | 0 |
| Other | (173) | (104) | (242) |
| Net cash used in financing activities | (5,413) | (4,736) | (6,839) |
| Effect of exchange rate changes on cash and cash equivalents | (874) | (686) | (376) |
| Cash and cash equivalents: | |||
| Increase (Decrease) | 822 | 1,735 | (472) |
| Balance at beginning of year | 3,417 | 1,682 | |
| Balance at end of year | 4,239 | 3,417 | 1,682 |
| Cash Paid: | |||
| Interest | 1,052 | 1,045 | 1,068 |
| Income taxes | 2,829 | 2,771 | 3,577 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2016 | |
| 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 |