Philip Morris International Inc. (PM) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
Philip Morris International Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 5,470,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 5,492,000,000 US dollars. Net cash provided.
- Inventories
- negative 69,000,000 US dollars
- Accrued liabilities and other current assets
- 1,653,000,000 US dollars
- Receivables, net
- negative 50,000,000 US dollars
- Deferred income tax (benefit) provision
- 57,000,000 US dollars
- Net earnings
- 2,985,000,000 US dollars
- Other
- negative 63,000,000 US dollars
- Depreciation and amortization expense
- 513,000,000 US dollars
- Accounts payable
- 33,000,000 US dollars
- Income taxes
- negative 29,000,000 US dollars
- Restructuring charges, net of cash paid (Note 15)
- negative 12,000,000 US dollars
- Pension plan contributions (Note 4)
- negative 37,000,000 US dollars
- Impairment of goodwill (Note 5)
- 0 US dollars
- Impairment related to the RBH equity investment (Note 13)
- 511,000,000 US dollars
- Investing activities
- 26,000,000 US dollars. Net cash provided.
- Capital expenditures
- negative 380,000,000 US dollars
- Proceeds from sale of businesses, net of cash disposed (Note 2)
- 87,000,000 US dollars
- Purchases of debt securities
- 0 US dollars
- Sales and maturities of debt securities
- 98,000,000 US dollars
- Equity investments
- negative 10,000,000 US dollars
- Collateral posted/settlements for derivatives, (paid)/returned (Note 6)
- 229,000,000 US dollars
- Other
- 2,000,000 US dollars
- Financing activities
- negative 4,975,000,000 US dollars. Net cash used.
- Dividends paid
- negative 2,297,000,000 US dollars
- Collateral received/settlements for derivatives, received/(returned)
- 266,000,000 US dollars
- Issuances - maturities longer than 90 days
- 666,000,000 US dollars
- Repayments - maturities longer than 90 days
- negative 994,000,000 US dollars
- Noncontrolling interests activity and Other
- negative 210,000,000 US dollars
- Long-term debt repaid
- negative 1,879,000,000 US dollars
- Net issuances (repayments) - maturities of 90 days or less
- negative 2,005,000,000 US dollars
- Long-term debt proceeds
- 1,478,000,000 US dollars
- Operating adjustment reconciliation
- 2,767,000,000 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
- 7,385,000,000 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
- 416,000,000 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
- 11,000,000 US dollars
- Ending cash on Jun 30, 2026
- 6,024,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 10,999,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 554,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.84×. 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
- 5,492,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 380,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 5,112,000,000 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 $2.51B 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: 5,492,000,000 US dollars minus 380,000,000 US dollars equals 5,112,000,000 US dollars.
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