Philip Morris International Cash Flow Statement
NYSE: PMHealth Care Medicinal Chemicals and Botanical Products USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Philip Morris International free cash flow
In fiscal 2025, Philip Morris International generated $12.23 billion of operating cash flow and spent $1.57 billion on capital expenditures. That left free cash flow of $10.66 billion, a free-cash-flow margin of 26.2% of revenue. Free cash flow was down 1.0% from the prior year's $10.77 billion.
Philip Morris International returned $8.62 billion to shareholders through dividends, equal to 81% of free cash flow. Free cash flow covered dividend payments 1.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Philip Morris International cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 11.85B | 7.50B | 8.27B | 9.53B | 9.71B | 8.59B | 7.73B | 8.29B | 6.34B | 7.25B |
| Net Income growth (YoY) | +57.91% | -9.25% | -13.22% | -1.88% | +13.01% | +11.18% | -6.73% | +30.67% | -12.54% | +3.10% |
| Depreciation & Amortization | 2.00B | 1.79B | 1.40B | 1.08B | 998.00M | 981.00M | 964.00M | 989.00M | 875.00M | 743.00M |
| Change in Working Capital | -1.39B | 111.00M | -836.00M | -1.44B | 1.00B | 267.00M | -428.00M | -611.00M | 1.06B | -1.33B |
| Operating Cash Flow | 12.23B | 12.22B | 9.20B | 10.80B | 11.97B | 9.81B | 10.09B | 9.48B | 8.91B | 8.08B |
| Capital Expenditures | -1.57B | -1.44B | -1.32B | -1.08B | -748.00M | -602.00M | -852.00M | -1.44B | -1.55B | -1.17B |
| Investing Cash Flow | -3.97B | -1.09B | -3.60B | -15.68B | -2.36B | -1.15B | -1.81B | -998.00M | -3.08B | -834.00M |
| Dividends Paid | -8.62B | -8.20B | -7.96B | -7.81B | -7.58B | -7.36B | -7.16B | -6.88B | -6.52B | -6.38B |
| Share Repurchases | — | 0 | 0 | -209.00M | -775.00M | 0 | 0 | — | 0 | 0 |
| Debt Issued | 7.05B | 8.14B | 9.96B | 5.96B | 0 | 3.71B | 3.82B | 0 | 6.85B | 3.54B |
| Debt Repaid | -5.37B | -4.80B | -2.55B | -2.72B | -3.04B | -4.00B | -4.00B | -2.48B | -2.55B | -2.39B |
| Financing Cash Flow | -8.13B | -9.48B | -5.58B | 3.81B | -11.98B | -8.50B | -8.06B | -9.65B | -2.77B | -5.41B |
| Net Change in Cash | 638.00M | 1.11B | -71.00M | -1.28B | -2.79B | 420.00M | 245.00M | -1.86B | 4.14B | 865.00M |
| Free Cash Flow | 10.66B | 10.77B | 7.88B | 9.73B | 11.22B | 9.21B | 9.24B | 8.04B | 7.36B | 6.91B |
This table shows 10 annual periods of Philip Morris International's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PM's reporting calendar. What is a cash flow statement?