Philip Morris International Inc. (PM)
Philip Morris International Inc. (PM)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings | 2,582 | 2,250 | 3,613 | 3,148 |
| Depreciation and amortization expense | 510 | 521 | 505 | 490 |
| Impairment of goodwill and other intangibles (note 4) | NaN | 0 | 0 | 41 |
| Losses on sales of businesses (including held-for-sale) (note 3) | NaN | -94 | NaN | NaN |
| Loss on sale of vectura group (notes 2 & 8) | NaN | NaN | 0 | NaN |
| Impairment related to the rbh equity investment (note 5) | NaN | 0 | NaN | NaN |
| Deferred income tax (benefit) provision | -67 | -414 | -159 | -207 |
| Restructuring charges, net of cash paid (note 15) | -3 | -10 | -23 | 240 |
| Receivables, net | 640 | -261 | -71 | -102 |
| Inventories | 11 | 1,153 | -371 | 94 |
| Accounts payable | -317 | 286 | 133 | -34 |
| Accrued liabilities and other current assets | 2,734 | -2,328 | 507 | -465 |
| Income taxes | -171 | 298 | 47 | -591 |
| Pension plan contributions (note 4) | -30 | -48 | -29 | -25 |
| Other | -482 | -296 | -440 | 123 |
| Net cash provided by (used in) operating activities | -399 | 4,709 | 4,462 | 3,412 |
| Capital expenditures | 353 | 444 | 365 | 356 |
| Other acquisitions, net of acquired cash (note 3) | NaN | 0 | 0 | 0 |
| Altria group, inc. agreement (note 3) | NaN | 0 | NaN | NaN |
| Proceeds from sales of businesses, net of cash disposed (note 3) | NaN | -2 | 0 | 32 |
| Purchases of debt securities | 5 | 202 | NaN | NaN |
| Sales and maturities of debt securities | 95 | 116 | NaN | NaN |
| Equity investments | 35 | 15 | 13 | 25 |
| Collateral posted/settlements for derivatives, (paid)/returned (note 6) | 314 | 44 | -365 | -1,953 |
| Other | 19 | -75 | 46 | 8 |
| Net cash provided by (used in) investing activities | -3 | -428 | -789 | -2,316 |
| Net issuances (repayments) - maturities of 90 days or less | 4,530 | -1,714 | -561 | -1,937 |
| Issuances - maturities longer than 90 days | 993 | 0 | 0 | 100 |
| Repayments - maturities longer than 90 days | 0 | 0 | 100 | 70 |
| Repayments under credit facilities related to swedish match ab acquisition | NaN | 0 | NaN | NaN |
| Long-term debt proceeds | 0 | 3,459 | 0 | 3,596 |
| Long-term debt repaid | 2,142 | 3,052 | 750 | 744 |
| Dividends paid | 2,307 | 2,295 | 2,107 | 2,106 |
| Collateral received/settlements for derivatives, received/(returned) | 138 | 122 | 9 | -218 |
| Payments to acquire swedish match ab noncontrolling interests | NaN | 0 | NaN | NaN |
| Noncontrolling interests activity and other | -116 | -101 | -152 | -182 |
| Net cash provided by (used in) financing activities | 1,096 | -3,581 | -3,661 | -1,561 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -116 | 131 | -127 | 165 |
| Increase (decrease) | 578 | 831 | -115 | -300 |
| Balance at beginning of period | 4,892 | 4,061 | 4,176 | 4,476 |
| Balance at end of period | 5,470 | 4,892 | 4,061 | 4,176 |