Philip Morris International Inc. (PM) FY2024 YTD Q3 Statement of Cash Flows
2024-01-01 to 2024-09-30
Statement of Cash Flows
2024-01-01 to 2024-09-30
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Chart details
Philip Morris International Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024
Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2023
- 3,146,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 8,215,000,000 US dollars. Net cash provided.
- Inventories
- 1,265,000,000 US dollars
- Accrued liabilities and other current assets
- negative 643,000,000 US dollars
- Receivables, net
- negative 987,000,000 US dollars
- Deferred income tax (benefit) provision
- 20,000,000 US dollars
- Net earnings
- 7,989,000,000 US dollars
- Other
- negative 515,000,000 US dollars
- Depreciation and amortization expense
- 1,310,000,000 US dollars
- Accounts payable
- negative 261,000,000 US dollars
- Income taxes
- negative 241,000,000 US dollars
- Asset impairment and exit costs, net of cash paid (Note 15)
- 134,000,000 US dollars
- Pension plan contributions (Note 3)
- negative 81,000,000 US dollars
- Impairment of goodwill and other intangibles (Note 4)
- 27,000,000 US dollars
- Impairment related to Vectura Group's expected sale (Note 18)
- 198,000,000 US dollars
- Investing activities
- negative 1,533,000,000 US dollars. Net cash used.
- Collateral posted/settlements for derivatives, (paid)/returned (Note 5)
- negative 159,000,000 US dollars
- Other
- negative 128,000,000 US dollars
- Equity investments
- negative 124,000,000 US dollars
- Altria Group, Inc. agreement (Note 18)
- 0 US dollars
- Acquisitions, net of acquired cash (Note 18)
- 44,000,000 US dollars
- Capital expenditures
- negative 1,166,000,000 US dollars
- Financing activities
- negative 5,378,000,000 US dollars. Net cash used.
- Dividends paid
- negative 6,091,000,000 US dollars
- Collateral received/settlements for derivatives, received/(returned)
- 22,000,000 US dollars
- Issuances - maturities longer than 90 days
- 100,000,000 US dollars
- Repayments - maturities longer than 90 days
- negative 433,000,000 US dollars
- Noncontrolling interests activity and Other (Note 18)
- negative 337,000,000 US dollars
- Payments to acquire Swedish Match AB noncontrolling interests
- 0 US dollars
- Long-term debt repaid
- negative 2,381,000,000 US dollars
- Repayments under credit facilities related to Swedish Match AB acquisition
- 0 US dollars
- Net issuances (repayments) - maturities of 90 days or less
- negative 1,452,000,000 US dollars
- Long-term debt proceeds
- 5,194,000,000 US dollars
- Operating adjustment reconciliation
- 2,954,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 10,694,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 1,577,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 149,000,000 US dollars
- Ending cash on Sep 30, 2024
- 4,301,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 11,361,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 1,155,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.03×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 8,215,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 1,166,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 7,049,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $226.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 8,215,000,000 US dollars minus 1,166,000,000 US dollars equals 7,049,000,000 US dollars.
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