Philip Morris International Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $11.35B | $7.06B | $7.81B | $9.05B | $9.11B | $8.06B | $7.19B | $7.91B |
| Depreciation & Amortization | $2.00B | $1.79B | $1.40B | $1.08B | $998.0M | $981.0M | $964.0M | $989.0M |
| Depreciation | $993.0M | $952.0M | $901.0M | $918.0M | $902.0M | $908.0M | $898.0M | $907.0M |
| Amortization | $1.00B | $835.0M | $497.0M | — | $96.0M | $73.0M | $66.0M | $82.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $12.23B | $12.22B | $9.20B | $10.80B | $11.97B | $9.81B | $10.09B | $9.48B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.57B | $1.44B | $1.32B | $1.08B | $748.0M | $602.0M | $852.0M | $1.44B |
| Business Acquisitions | — | — | — | $13.98B | $2.11B | $0 | — | — |
| Net Cash from Investing Activities | $-3.97B | $-1.09B | $-3.60B | $-15.68B | $-2.36B | $-1.15B | $-1.81B | $-998.0M |
| Financing Activities | ||||||||
| Dividends Paid | $8.62B | $8.20B | $7.96B | $7.81B | $7.58B | $7.36B | $7.16B | $6.89B |
| Stock Repurchases | — | $0 | $0 | $209.0M | $775.0M | $0 | $0 | — |
| Net Cash from Financing Activities | $-8.13B | $-9.48B | $-5.58B | $3.81B | $-11.98B | $-8.50B | $-8.06B | $-9.65B |
| Net Change in Cash | $638.0M | $1.11B | $-71.0M | $-1.28B | $-2.79B | $420.0M | $245.0M | $-1.86B |
| Free Cash Flow | $10.66B | $10.77B | $7.88B | $9.73B | $11.22B | $9.21B | $9.24B | $8.04B |