Philip Morris International Inc. (TSX:ZYNS)
Canada · Delayed Price · Currency is CAD 28.65
+0.37 (1.31%)
Oct 30, 2026, 2:00 PM EDT
TSX:ZYNS Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 10,709 | 11,348 | 7,057 | 7,813 | 9,048 | 9,109 |
Depreciation & Amortization | 2,055 | 1,996 | 1,787 | 1,398 | 1,077 | 998 |
Loss (Gain) From Sale of Assets | 94 | 94 | 206 | - | - | - |
Asset Writedown & Restructuring Costs | -30 | 247 | 149 | 710 | 19 | -22 |
Loss (Gain) From Sale of Investments | 511 | - | 2,316 | - | - | - |
Other Operating Activities | 1,568 | 356 | 25 | 583 | 497 | 515 |
Change in Accounts Receivable | -575 | -448 | -738 | 314 | -871 | -198 |
Change in Inventory | -220 | -1,201 | 552 | -862 | -1,287 | 549 |
Change in Accounts Payable | 146 | 258 | 297 | -288 | 719 | 653 |
Change in Income Taxes | 460 | -266 | -62 | -232 | -261 | -260 |
Change in Other Net Operating Assets | 436 | -151 | 628 | -232 | 1,862 | 623 |
Operating Cash Flow | 15,154 | 12,233 | 12,217 | 9,204 | 10,803 | 11,967 |
Operating Cash Flow Growth | 31.48% | 0.13% | 32.74% | -14.80% | -9.73% | 21.96% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,559 | -1,569 | -1,444 | -1,321 | -1,077 | -748 |
Cash Acquisitions | - | - | 43 | -1,775 | -14,978 | -2,111 |
Divestitures | 85 | 30 | 136 | 191 | - | - |
Investment in Securities | 176 | -149 | -256 | -111 | -20 | -34 |
Other Investing Activities | 386 | -2,279 | 429 | -582 | 396 | 535 |
Investing Cash Flow | -912 | -3,967 | -1,092 | -3,598 | -15,679 | -2,358 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 189 | 100 | 1,896 | 15,730 | - |
Long-Term Debt Issued | - | 7,055 | 8,142 | 9,959 | 5,965 | - |
Total Debt Issued | 6,789 | 7,244 | 8,242 | 11,855 | 21,695 | - |
Short-Term Debt Repaid | - | -170 | -5,062 | -5,602 | -4,795 | - |
Long-Term Debt Repaid | - | -5,368 | -4,803 | -2,551 | -2,724 | -3,042 |
Total Debt Repaid | -8,830 | -5,538 | -9,865 | -8,153 | -7,519 | -3,042 |
Net Debt Issued (Repaid) | -2,041 | 1,706 | -1,623 | 3,702 | 14,176 | -3,042 |
Repurchase of Common Stock | - | - | - | - | -209 | -775 |
Common Dividends Paid | -9,198 | -8,624 | -8,197 | -7,964 | -7,812 | -7,580 |
Other Financing Activities | -162 | -1,214 | 339 | -1,320 | -2,349 | -580 |
Financing Cash Flow | -11,401 | -8,132 | -9,481 | -5,582 | 3,806 | -11,977 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -196 | 504 | -536 | -95 | -213 | -417 |
Net Cash Flow | 2,645 | 638 | 1,108 | -71 | -1,283 | -2,785 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 13,595 | 10,664 | 10,773 | 7,883 | 9,726 | 11,219 |
Free Cash Flow Growth | 34.30% | -1.01% | 36.66% | -18.95% | -13.31% | 21.81% |
Free Cash Flow Margin | 31.51% | 26.24% | 28.44% | 22.41% | 30.62% | 35.72% |
Free Cash Flow Per Share | 8.72 | 6.84 | 6.92 | 5.08 | 6.27 | 7.20 |
Levered Free Cash Flow | 11,525 | 8,939 | 8,185 | 7,881 | 7,360 | 9,146 |
Unlevered Free Cash Flow | 12,451 | 9,931 | 9,286 | 8,835 | 7,840 | 9,607 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 1,688 | 1,688 | 1,559 | 1,342 | 717 | 716 |
Cash Income Tax Paid | 3,852 | 3,852 | 3,178 | 2,952 | 2,751 | 2,936 |
Change in Working Capital | 247 | -1,808 | 677 | -1,300 | 162 | 1,367 |