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Philip Morris International Inc. (PM)
NYSE: PM · Real-Time Price · USD
197.88
-3.62 (-1.80%)
At close: Nov 6, 2026, 4:00 PM EST
198.83
+0.95 (0.48%)
After-hours: Nov 6, 2026, 7:58 PM EST

PM Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
3,3132,8172,4382,1413,4783,0392,690-5793,0822,4062,1482,1962,0541,5681,9952,3972,0872,2332,3312,093
Depreciation & Amortization
511513510521505490480477498445367369429301299179358287253279
Loss (Gain) From Sale of Assets
---94---8198-----------
Asset Writedown & Restructuring Costs
-5-12-3-10-23281-1-12-2-12175-5-5066310298-32-19-2812
Loss (Gain) From Sale of Investments
-511-----2,316------------
Other Operating Activities
971125529-57387-246272248-313119-29-152284326125-15418720326143
Change in Accounts Receivable
-146-50-64026171102-882249-9-88-89058125-53724592-336-74-553156
Change in Inventory
1,013-69-11-1,153371-94-325-713218520527-681-107709-783-2,080-741,099-232-686
Change in Accounts Payable
14433-317286133-34-127558-11636-181335-209-269-14544410116014488
Change in Income Taxes
362-29-17129847-591-2017988-250-79-31308-421-88-71234-331-934
Change in Other Net Operating Assets
-8111,653-2,7342,328-507465-2,4371,271-3021,456-1,7976906811,102-2,7052,188543-34-8351,643
Operating Cash Flow
5,3525,492-3994,7094,4623,412-3504,0023,3424,6322413,3023,4153,442-9553,0933,0683,5241,1184,032
Operating Cash Flow Growth (YoY)
19.95%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%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-382-380-353-444-365-356-404-278-379-370-417-311-371-360-279-347-252-249-229-289
Cash Acquisitions
--------1-44---1,775---14,978----242
Divestitures
-87--2-32-136---191--------
Investment in Securities
-8855-101-67-71-44-132-11-93-20--20-83-8----20-8
Other Investing Activities
-125231295119-357-1,92114716-61382244-448210-40-304-20315639053199
Investing Cash Flow
-50726-3-428-789-2,316-434441-1,003-337-193-568-1,956-483-591-15,528-96141-196-340

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
--5,523---4,301---100---3,719---2,221-
Long-Term Debt Issued
----------4,659---5,203-----
Total Debt Issued
-6181395,5231,745-5611,7594,3012,948-5354,7594317041,7988,92218,2812,054-8612,221-
Short-Term Debt Repaid
-----------1,759----4,568-----
Long-Term Debt Repaid
---2,142----822--------682----496-
Total Debt Repaid
-763-2,873-2,142-3,052-850-814-822-5,599-558-1,949-1,759-1,135-374-1,394-5,250-4,745-2,262-16-496-1,045
Net Debt Issued (Repaid)
-1,381-2,7343,381-1,307-1,4119453,479-2,651-558-1,4143,000-7043304043,67213,536-208-8771,725-1,045
Repurchase of Common Stock
-------------------209-681
Common Dividends Paid
-2,299-2,297-2,307-2,295-2,107-2,106-2,116-2,106-2,027-2,027-2,037-2,023-1,977-1,977-1,987-1,973-1,942-1,945-1,952-1,952
Other Financing Activities
-261562221-143-400-692654-396-91172-170-118-211-821-1,686-121-277-265-123
Financing Cash Flow
-3,941-4,9751,096-3,581-3,661-1,561671-4,103-2,981-3,5321,135-2,897-1,765-1,7848649,877-2,271-3,099-701-3,801

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-22211-116131-127165335-3876714-230275-172-109-89401-370-149-95-191
Net Cash Flow
682554578831-115-300222-47-575777953112-4781,066-771-2,157331417126-300

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
4,9705,112-7524,2654,0973,056-7543,7242,9634,262-1762,9913,0443,082-1,2342,7462,8163,2758893,743
Free Cash Flow Growth (YoY)
21.31%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%
Free Cash Flow Margin
43.45%45.67%-7.41%41.16%37.78%30.14%-8.11%38.37%29.90%45.02%-2.00%33.06%33.30%34.37%-15.39%33.68%35.06%41.82%11.48%46.19%
Free Cash Flow Per Share
3.193.28-0.482.742.631.96-0.482.391.902.74-0.111.931.961.99-0.801.771.812.110.572.40
Levered Free Cash Flow
3,4014,598-1,7654,2162,6573,459-1,4013,0192,7524,195-1,7814,4072,0713,045-1,7362,0522,5062,437210.133,455
Unlevered Free Cash Flow
3,6204,847-1,5204,4302,9093,732-1,1493,3422,9874,480-1,5234,6192,3133,308-1,4992,1662,6292,5593273,520

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
---1,688---1,559---1,342---717---716
Cash Income Tax Paid
---3,852---3,178---2,952---2,751---2,936
Change in Working Capital
5621,538-3,8732,020115-152-3,7911,544-1211,674-2,420894698584-3,476573468820-1,6991,605
SEC Filings: 10-K · 10-Q