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Philip Morris International Inc. (PM)

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Philip Morris International Inc. (PM)

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Cash Flow Overview

Change in Cash
$554M
Free Cash flow
$5,112M
Unit: Million (M) dollars
Positive Cash Flow Breakdown
    • Net earnings
    • Accrued liabilities and other cu...
    • Long-term debt proceeds
    • Others
Negative Cash Flow Breakdown
    • Dividends paid
    • Net issuances (repayments) - mat...
    • Long-term debt repaid
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net earnings
2,985
2,582
2,250
3,613
Depreciation and amortization expense
513
510
521
1,475
Impairment of goodwill and other intangibles (note 4)
-
-
0
0
Losses on sales of businesses (including held-for-sale) (note 3)
-
-
-94
-
Impairment of goodwill (note 5)
0
-
-
-
Loss on sale of vectura group (notes 2 & 8)
-
-
-
0
Impairment related to the rbh equity investment (note 13)
511
-
0
-
Deferred income tax (benefit) provision
57
-67
-414
-159
Restructuring charges, net of cash paid (note 15)
-12
-3
-10
-23
Receivables, net
50
640
-261
-71
Inventories
69
11
1,153
-371
Accounts payable
33
-317
286
133
Accrued liabilities and other current assets
-1,653
2,734
-2,328
507
Income taxes
-29
-171
298
47
Pension plan contributions (note 4)
-37
-30
-48
-29
Other
63
-482
-296
-440
Net cash provided by (used in) operating activities
5,492
-399
4,709
4,462
Capital expenditures
380
353
444
365
Other acquisitions, net of acquired cash (note 3)
-
-
0
0
Altria group, inc. agreement (note 3)
-
-
0
-
Proceeds from sales of businesses, net of cash disposed (note 3)
-
-
-2
0
Proceeds from sale of businesses, net of cash disposed (note 2)
87
-
-
-
Purchases of debt securities
0
5
202
-
Sales and maturities of debt securities
98
95
116
-
Equity investments
10
35
15
13
Collateral posted/settlements for derivatives, (paid)/returned (note 6)
229
314
44
-2,318
Other
-2
19
-75
46
Net cash provided by (used in) investing activities
26
-3
-428
-789
Net issuances (repayments) - maturities of 90 days or less
-2,005
4,530
-1,714
-561
Issuances - maturities longer than 90 days
666
993
0
0
Repayments - maturities longer than 90 days
994
0
0
100
Repayments under credit facilities related to swedish match ab acquisition
-
-
0
-
Long-term debt proceeds
1,478
0
3,459
0
Long-term debt repaid
1,879
2,142
3,052
750
Dividends paid
2,297
2,307
2,295
2,107
Collateral received/settlements for derivatives, received/(returned)
266
138
122
9
Payments to acquire swedish match ab noncontrolling interests
-
-
0
-
Noncontrolling interests activity and other
-210
-116
-101
-152
Net cash provided by (used in) financing activities
-4,975
1,096
-3,581
-3,661
Effect of exchange rate changes on cash, cash equivalents and restricted cash
11
-116
131
-127
Increase (decrease)
554
578
831
-115
Balance at beginning of period
5,470
4,892
4,476
4,476
Balance at end of period
6,024
5,470
4,892
4,061
Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Net earnings$2,985M (-5.18%↓ Y/Y)Accrued liabilities andother current assets-$1,653M (-255.48%↓ Y/Y)Depreciation andamortization expense$513M (4.69%↑ Y/Y)Impairment related to therbh equity...$511M Collateralposted/settlements for...$229M (111.69%↑ Y/Y)Deferred income tax(benefit) provision$57M (127.54%↑ Y/Y)Accounts payable$33M (197.06%↑ Y/Y)Sales and maturitiesof debt securities$98M Proceeds from sale ofbusinesses, net of cash...$87M Other-$2M (-125.00%↓ Y/Y)Net cash provided by(used in) operating...$5,492M (60.96%↑ Y/Y)Net cash provided by(used in) investing...$26M (101.12%↑ Y/Y)Effect of exchange ratechanges on cash, cash...$11M (-93.33%↓ Y/Y)Canceled cashflow$260M Canceled cashflow$390M Increase (decrease)$554M (284.67%↑ Y/Y)Canceled cashflow$4,975M Inventories$69M (-26.60%↓ Y/Y)Other$63M (-48.78%↓ Y/Y)Receivables, net$50M (149.02%↑ Y/Y)Pension plancontributions (note 4)-$37M (-48.00%↓ Y/Y)Income taxes-$29M (95.09%↑ Y/Y)Restructuring charges, net ofcash paid (note 15)-$12M (-105.00%↓ Y/Y)Long-term debt proceeds$1,478M (-58.90%↓ Y/Y)Issuances - maturitieslonger than 90 days$666M (566.00%↑ Y/Y)Collateralreceived/settlements for...$266M (222.02%↑ Y/Y)Capital expenditures$380M (6.74%↑ Y/Y)Equity investments$10M (-60.00%↓ Y/Y)Net cash provided by(used in) financing...-$4,975M (-218.71%↓ Y/Y)Canceled cashflow$2,410M Dividends paid$2,297M (9.07%↑ Y/Y)Net issuances(repayments) - maturities of...-$2,005M (-3.51%↓ Y/Y)Long-term debt repaid$1,879M (152.55%↑ Y/Y)Repayments - maturitieslonger than 90 days$994M (1320.00%↑ Y/Y)Noncontrolling interestsactivity and other-$210M (-15.38%↓ Y/Y)