Philip Morris International Inc. (PM)
NYSE: PM · Real-Time Price · USD
200.17
+4.51 (2.31%)
At close: Jul 28, 2026, 4:00 PM EDT
202.00
+1.83 (0.91%)
After-hours: Jul 28, 2026, 7:59 PM EDT
PM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | 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 |
Net Income | 2,985 | 2,582 | 2,250 | 3,613 | 3,148 | 2,837 | -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 |
Depreciation & Amortization | 513 | 510 | 521 | 505 | 490 | 480 | 477 | 498 | 445 | 367 | 369 | 429 | 301 | 299 | - | 358 | - | 253 | 279 | 235 |
Other Adjustments | -55 | 382 | -82 | 229 | -115 | 124 | 151 | -448 | -3 | 48 | -304 | 117 | 195 | 120 | -172 | 20 | 71 | 99 | -81 | 10 |
Change in Receivables | -50 | -640 | 261 | 71 | 102 | -882 | 249 | -9 | -88 | -890 | 581 | 25 | -537 | 245 | 92 | -336 | -74 | -553 | 156 | 273 |
Changes in Inventories | -69 | -11 | -1,153 | 371 | -94 | -325 | -713 | 218 | 520 | 527 | -681 | -107 | 709 | -783 | -2,080 | -74 | 1,099 | -232 | -686 | 468 |
Changes in Accounts Payable | 33 | -317 | 286 | 133 | -34 | -127 | 558 | -116 | 36 | -181 | 335 | -209 | -269 | -145 | 444 | 101 | 160 | 14 | 488 | 181 |
Changes in Income Taxes Payable | -29 | -171 | 298 | 47 | -591 | -20 | 179 | 88 | -250 | -79 | -31 | 308 | -421 | -88 | -71 | 234 | -331 | -93 | 4 | 195 |
Changes in Other Operating Activities | 1,653 | -2,734 | 2,328 | -507 | 465 | -2,437 | 1,271 | -302 | 1,456 | -1,797 | 690 | 681 | 1,102 | -2,705 | 2,188 | 543 | -34 | -835 | 1,643 | -80 |
Operating Cash Flow | 5,492 | -399 | 4,709 | 4,462 | 3,412 | -350 | 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 |
Operating Cash Flow Growth (YoY) | 60.96% | - | 17.67% | 33.51% | -26.34% | - | 21.20% | -2.14% | 34.57% | - | 6.76% | 11.31% | -2.33% | - | -23.29% | -20.72% | -2.92% | 157.01% | 27.51% | 7.08% |
Capital Expenditures | -380 | -353 | -444 | -365 | -356 | -404 | -278 | -379 | -370 | -417 | -311 | -371 | -360 | -279 | -347 | -252 | -249 | -229 | -289 | -152 |
Purchases of Investments | -10 | -40 | -63.5 | -61.5 | -72 | -68 | 0 | -11 | -93 | -20 | 0 | 700 | -83 | -8 | 0 | 0 | 0 | -20 | -8 | -26 |
Proceeds from Sale of Investments | 98 | 95 | 45.5 | 45.5 | 1 | 24 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Acquisitions | - | - | - | - | - | - | - | 0 | - | - | - | 91 | - | - | - | - | - | - | 1,869 | -1,842 |
Proceeds from Business Divestments | - | - | -2 | 0 | - | - | 136 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | 231 | 295 | 119 | -411 | -2,001 | 14 | 584 | -613 | 82 | 244 | -257 | 210 | -40 | -304 | -855 | 156 | 390 | 53 | 199 | 69 |
Investing Cash Flow | 26 | -3 | -428 | -789 | -2,316 | -434 | 441 | -1,003 | -337 | -193 | -568 | -1,956 | -483 | -591 | -15,528 | -96 | 141 | -196 | -340 | -1,890 |
Short-Term Debt Issued | -1,339 | 5,523 | -1,714 | -561 | -1,837 | 4,301 | -9 | 11 | 12 | -1,375 | 431 | -1,603 | -651 | 3,719 | -1,604 | 2,054 | -861 | 2,221 | 18 | 90 |
Short-Term Debt Repaid | -994 | - | 0 | -100 | -70 | - | 0 | 0 | -149 | -284 | -618 | -374 | -42 | -138 | 0 | -780 | -15 | - | - | - |
Net Short-Term Debt Issued (Repaid) | -2,333 | 5,523 | -1,714 | -661 | -1,907 | 4,301 | -9 | 11 | -137 | -1,659 | -187 | -1,977 | -693 | 3,581 | -1,604 | 1,274 | -876 | 2,221 | 18 | 90 |
Long-Term Debt Issued | 1,478 | - | 3,459 | 0 | 3,596 | - | 2,948 | 0 | 535 | 4,659 | 0 | 2,307 | 2,449 | 5,203 | 5,965 | 0 | - | - | - | - |
Long-Term Debt Repaid | -1,879 | -2,142 | -3,052 | -750 | -744 | -822 | -2,422 | -569 | -1,812 | - | -517 | 0 | -1,352 | -5,112 | -4,745 | -1,482 | -1 | -496 | -1,063 | 0 |
Net Long-Term Debt Issued (Repaid) | -401 | -2,142 | 407 | -750 | 2,852 | -822 | 526 | -569 | -1,277 | 4,659 | -517 | 2,307 | 1,097 | 91 | 1,220 | -1,482 | -1 | -496 | -1,063 | 0 |
Repurchase of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -209 | -681 | -94 |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -209 | -681 | -94 |
Common Dividends Paid | -2,297 | -2,307 | -2,295 | -2,107 | -2,106 | -2,116 | -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 |
Other Financing Activities | 56 | 22 | 21 | -143 | -400 | -692 | 654 | -396 | -91 | 172 | -234 | -118 | -211 | -821 | -1,686 | -121 | -277 | -265 | -123 | -173 |
Financing Cash Flow | -4,975 | 1,096 | -3,581 | -3,661 | -1,561 | 671 | -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 |
Foreign Exchange Rate Adjustments | 11 | -116 | 131 | -127 | 165 | 335 | -387 | 67 | 14 | -230 | 275 | -172 | -109 | -89 | 401 | -370 | -149 | -95 | -191 | -47 |
Net Cash Flow | 554 | 578 | 831 | -115 | -300 | 222 | -47 | -575 | 777 | 953 | 112 | -478 | 1,066 | -771 | -2,157 | 331 | 417 | 126 | -300 | -120 |
Free Cash Flow | 5,112 | -752 | 4,265 | 4,097 | 3,056 | -754 | 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 |
Free Cash Flow Growth (YoY) | 67.28% | - | 14.53% | 38.27% | -28.30% | - | 24.51% | -2.66% | 38.29% | - | 8.92% | 8.10% | -5.89% | - | -26.64% | -24.26% | -6.48% | 247.27% | 23.86% | 7.40% |
FCF Margin | 45.68% | -7.41% | 41.16% | 37.78% | 30.14% | -8.11% | 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% |
Free Cash Flow Per Share | 3.28 | -0.48 | 2.74 | 2.63 | 1.96 | -0.48 | 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 |
Levered Free Cash Flow | 1,804 | 2,743 | 2,670 | 2,251 | 3,864 | 3,336 | 1,432 | 2,531 | 2,829 | 3,568 | 1,863 | 3,115 | 2,369 | 1,966 | 2,147 | 2,789 | 2,001 | 2,934 | 2,487 | 3,363 |
Unlevered Free Cash Flow | 5,243 | 98.16 | 4,485 | 3,650 | 2,885 | 1.34 | 3,779 | 2,883 | 4,466 | 711.28 | 2,905 | 2,981 | 2,297 | -1,442 | 2,622 | 3,224 | 3,080 | 1,526 | 3,755 | 3,526 |