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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 6,341 | 7,250 | 7,032 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 875 | 743 | 754 |
| Deferred income tax (benefit) provision | (501) | 182 | (18) |
| Asset impairment and exit costs, net of cash paid | (10) | (31) | (164) |
| Cash effects of changes in: | |||
| Receivables, net | (92) | (1,009) | 647 |
| Inventories | 730 | (695) | (841) |
| Accounts payable | 425 | 373 | 310 |
| Accrued liabilities and other current assets | (554) | 1,477 | (8) |
| Income taxes | 1,370 | (209) | (42) |
| Pension plan contributions | (66) | (191) | (154) |
| Other | 394 | 187 | 349 |
| Net cash provided by operating activities | 8,912 | 8,077 | 7,865 |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,548) | (1,172) | (960) |
| Investments in unconsolidated subsidiaries | (111) | (41) | (55) |
| Net investment hedges | (1,527) | 295 | 239 |
| Other | 172 | (50) | 68 |
| Net cash used in investing activities | (3,014) | (968) | (708) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||
| Short-term borrowing activity by original maturity: | |||
| Net repayments - maturities of 90 days or less | (127) | (12) | (266) |
| Issuances - maturities longer than 90 days | 1,634 | 0 | 0 |
| Repayments - maturities longer than 90 days | (1,634) | 0 | 0 |
| Long-term debt proceeds | 6,850 | 3,536 | 1,539 |
| Long-term debt repaid | (2,551) | (2,393) | (1,229) |
| Repurchases of common stock | 0 | 0 | (48) |
| Dividends paid | (6,520) | (6,378) | (6,250) |
| Sale (purchase) of subsidiary shares to/(from) noncontrolling interests | 5 | 7 | 1,622 |
| Other | (426) | (173) | (104) |
| Net cash used in financing activities | (2,769) | (5,413) | (4,736) |
| Effect of exchange rate changes on cash and cash equivalents | 1,079 | (874) | (686) |
| Cash and cash equivalents: | |||
| Increase | 4,208 | 822 | 1,735 |
| Balance at beginning of year | 4,239 | 3,417 | |
| Balance at end of year | 8,447 | 4,239 | 3,417 |
| Cash Paid: | |||
| Interest | 1,050 | 1,052 | 1,045 |
| Income taxes | 3,403 | 2,829 | 2,771 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2017 | |
| 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 |