Philip Morris International Inc.

PM ·Consumer Defensive, Tobacco, United States
Financial Statements › Cash Flow Statement
Annual Quarterly

Cash Flow Statement

Line Item FY2009 FY2008 FY2007
Operating Activities
Net Income $6.34B $6.89B $6.04B
Depreciation & Amortization $853.0M $842.0M $748.0M
Depreciation $779.0M $798.0M —
Amortization $74.0M $44.0M $28.0M
Stock-Based Compensation — — —
Net Cash from Operating Activities $7.88B $7.94B $5.55B
Investing Activities
Capital Expenditures $715.0M $1.10B $1.07B
Business Acquisitions $429.0M $1.66B $1.52B
Net Cash from Investing Activities $-1.10B $-3.16B $-2.59B
Financing Activities
Dividends Paid $4.33B $2.06B $0
Stock Repurchases $5.63B $5.26B $0
Net Cash from Financing Activities $-6.91B $-4.18B $-3.59B
Net Change in Cash $9.0M $30.0M $-284.0M
Free Cash Flow $7.17B $6.84B $4.48B
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