Philip Morris International Inc. (PM)
NYSE: PM · Real-Time Price · USD
174.78
+0.12 (0.07%)
Mar 16, 2026, 4:00 PM EDT - Market closed
PM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 2,250 | 3,613 | 2,993 | 2,993 | -486 | 3,215 | 2,528 | 2,246 | 2,313 | 2,171 | 1,682 | 2,102 | 2,494 | 2,222 | 2,346 | 2,465 | 2,229 | 2,588 | 2,298 | 2,595 |
Depreciation & Amortization | 521 | 505 | 485 | 485 | 477 | 498 | 445 | 367 | 369 | 429 | 301 | 299 | - | 358 | 270 | 253 | 279 | 235 | 239 | 245 |
Other Adjustments | -82 | 229 | 25 | 25 | 151 | -448 | 78.5 | 48 | -304 | 117 | 535 | 120 | -172 | 20 | 71 | 99 | -81 | 10 | -20 | -17 |
Change in Receivables | 261 | 71 | -390 | -390 | 249 | -9 | -88 | -890 | 581 | 25 | -537 | 245 | 92 | -336 | -74 | -553 | 156 | 273 | -200 | -427 |
Changes in Inventories | -1,153 | 371 | -209.5 | -209.5 | -713 | 218 | 520 | 527 | -681 | -107 | 709 | -783 | -2,080 | -74 | 1,099 | -232 | -686 | 468 | 462 | 305 |
Changes in Accounts Payable | 286 | 133 | -80.5 | -80.5 | 558 | -116 | 36 | -181 | 335 | -209 | -269 | -145 | 444 | 101 | 160 | 14 | 488 | 181 | 51 | -67 |
Changes in Income Taxes Payable | 298 | 47 | -305.5 | -305.5 | 179 | 88 | -250 | -79 | -31 | 308 | -421 | -88 | -71 | 234 | -331 | -93 | 4 | 195 | -368 | -91 |
Changes in Other Operating Activities | 2,328 | -507 | -986 | -986 | 1,271 | -302 | 1,456 | -1,797 | 690 | 681 | 1,102 | -2,705 | 2,188 | 543 | -34 | -835 | 1,643 | -80 | 1,168 | -2,108 |
Operating Cash Flow | 4,709 | 4,462 | 1,531 | 1,531 | 4,002 | 3,342 | 4,632 | 241 | 3,302 | 3,415 | 3,442 | -955 | 3,093 | 3,068 | 3,524 | 1,118 | 4,032 | 3,870 | 3,630 | 435 |
Operating Cash Flow Growth | 17.67% | 33.51% | -66.95% | 535.27% | 21.20% | -2.14% | 34.57% | - | 6.76% | 11.31% | -2.33% | - | -23.29% | -20.72% | -2.92% | 157.01% | 27.51% | 7.08% | 88.57% | -60.85% |
Capital Expenditures | -444 | -365 | -380 | -380 | -278 | -379 | -370 | -417 | -311 | -371 | -360 | -279 | -347 | -252 | -249 | -229 | -289 | -152 | -128 | -179 |
Purchases of Investments | -15 | -13 | -17.5 | -17.5 | -5.5 | -11 | -93 | -20 | -10 | -20 | -83 | -8 | - | - | -10 | -20 | -8 | -26 | - | - |
Payments for Business Acquisitions | - | - | - | - | - | - | 22 | - | - | 91 | -45.5 | - | - | - | - | - | 1,869 | -1,842 | -13.5 | - |
Proceeds from Business Divestments | -2 | -1 | 16 | 16 | 136 | 68 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | 119 | -411 | -993.5 | -993.5 | 584 | -613 | 82 | 244 | -257 | 210 | -40 | -304 | -855 | 156 | 390 | 53 | 260 | 69 | -28 | 234 |
Investing Cash Flow | -428 | -789 | -1,375 | -1,375 | 441 | -1,003 | -337 | -193 | -568 | -1,956 | -483 | -591 | -15,528 | -96 | 141 | -196 | -340 | -1,890 | -183 | 55 |
Short-Term Debt Issued | -1,714 | -561 | 1,232 | 1,232 | -9 | 11 | 62 | -1,375 | 431 | -1,603 | -651 | 3,719 | -1,604 | 2,124 | -861 | 2,221 | 18 | 90 | -59 | -49 |
Short-Term Debt Repaid | -50 | -100 | -35 | -35 | - | - | -149 | -284 | -618 | -374 | -42 | -138 | -390 | -780 | -15 | - | - | - | - | - |
Net Short-Term Debt Issued (Repaid) | -1,764 | -661 | 1,197 | 1,197 | -9 | 11 | -87 | -1,659 | -187 | -1,977 | -693 | 3,581 | -1,994 | 1,344 | -876 | 2,221 | 18 | 90 | -59 | -49 |
Long-Term Debt Issued | 3,459 | 1,730 | 1,798 | 1,798 | 2,948 | 1,474 | 535 | 4,659 | 1,154 | 2,307 | 2,449 | 5,203 | 5,965 | 2,983 | - | - | - | - | - | - |
Long-Term Debt Repaid | -3,052 | -750 | -783 | -783 | -2,422 | -569 | -1,812 | - | -517 | -258.5 | -3,567 | -5,112 | -4,745 | -3,482 | -1 | -496 | -1,063 | -531.5 | -347 | -1,632 |
Net Long-Term Debt Issued (Repaid) | 407 | 979.5 | 1,015 | 1,015 | 526 | 905 | -1,277 | 4,659 | 636.5 | 2,049 | -1,118 | 91 | 1,220 | -499.5 | -1 | -496 | -1,063 | -531.5 | -347 | -1,632 |
Repurchase of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -104.5 | -209 | -681 | -94 | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -104.5 | -209 | -681 | -94 | - | - |
Common Dividends Paid | -2,295 | -2,107 | -2,111 | -2,111 | -2,106 | -2,027 | -2,027 | -2,037 | -2,023 | -1,977 | -1,977 | -1,987 | -1,973 | -1,942 | -1,945 | -1,952 | -1,952 | -1,876 | -1,873 | -1,879 |
Other Financing Activities | 21 | -143 | -546 | -546 | 654 | -396 | -91 | 172 | -234 | -111 | -652.5 | -821 | -1,686 | -868.5 | -277 | -265 | -123 | -173 | -195 | -89 |
Financing Cash Flow | -3,581 | -3,661 | -445 | -445 | -4,103 | -2,981 | -3,532 | 1,135 | -2,897 | -1,765 | -1,784 | 864 | 9,877 | -2,271 | -3,099 | -701 | -3,801 | -2,053 | -2,474 | -3,649 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 131 | -127 | 250 | 250 | -387 | 67 | 14 | -230 | 275 | -172 | -109 | -89 | 401 | -370 | -149 | -95 | -191 | -47 | 41 | -220 |
Net Cash Flow | 831 | -115 | -39 | -39 | -47 | -575 | 777 | 953 | 112 | -478 | 1,066 | -771 | -2,157 | 331 | 417 | 126 | -300 | -120 | 1,014 | -3,379 |
Free Cash Flow | 4,265 | 4,097 | 1,151 | 1,151 | 3,724 | 2,963 | 4,262 | -176 | 2,991 | 3,044 | 3,082 | -1,234 | 2,746 | 2,816 | 3,275 | 889 | 3,743 | 3,718 | 3,502 | 256 |
Free Cash Flow Growth | 14.53% | 38.27% | -72.99% | - | 24.51% | -2.66% | 38.29% | - | 8.92% | 8.10% | -5.89% | - | -26.64% | -24.26% | -6.48% | 247.27% | 23.86% | 7.40% | 96.19% | -72.80% |
FCF Margin | 41.16% | 37.78% | 11.84% | 11.84% | 38.37% | 29.90% | 45.01% | -2.00% | 33.06% | 33.30% | 34.37% | -15.39% | 33.68% | 35.06% | 41.82% | 11.48% | 46.19% | 45.78% | 46.12% | 3.38% |
Free Cash Flow Per Share | 2.74 | 2.63 | 0.74 | 0.74 | 2.39 | 1.90 | 2.74 | -0.11 | 1.92 | 1.96 | 1.98 | -0.79 | 1.77 | 1.81 | 2.11 | 0.57 | 2.40 | 2.38 | 2.24 | 0.16 |
Levered Free Cash Flow | 2,620 | 3,981 | 3,600 | 3,600 | 1,432 | 4,005 | 2,879 | 3,568 | 3,017 | 2,857 | 819 | 1,966 | 1,757 | 3,841 | 2,271 | 2,934 | 2,487 | 2,832 | 3,190 | -1,158 |
Unlevered Free Cash Flow | 4,431 | 3,713 | 1,500 | 1,500 | -2,609 | 2,981 | 4,506 | 760.54 | 2,909 | 3,016 | 2,987 | -1,432 | 2,646 | 3,229 | 3,354 | 1,514 | 3,767 | 3,538 | 3,866 | 819.82 |
Updated Feb 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.