Philip Morris International Quarterly 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 the quarter ended Jun 30, 2026, Philip Morris International generated $5.49 billion of operating cash flow and spent $380.0 million on capital expenditures. That left free cash flow of $5.11 billion, a free-cash-flow margin of 45.7% of revenue. Free cash flow was up 67.3% from the prior year's $3.06 billion.
Philip Morris International returned $2.30 billion to shareholders through dividends, equal to 45% of free cash flow. Free cash flow covered dividend payments 2.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Philip Morris International cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.98B | 2.58B | 2.25B | 3.61B | 3.15B | 2.84B | -486.00M | 3.21B | 2.53B | 2.25B | 2.31B | 2.17B |
| Net Income growth (YoY) | -5.18% | -8.99% | — | +12.38% | +24.53% | +26.31% | -121.01% | +48.09% | +50.30% | +6.85% | -7.26% | -2.30% |
| Depreciation & Amortization | 513.00M | 510.00M | 521.00M | 505.00M | 490.00M | 480.00M | 477.00M | 498.00M | 445.00M | 367.00M | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | 6.00M |
| Change in Working Capital | -86.00M | -968.00M | -606.00M | 575.00M | -26.00M | -1.33B | 94.00M | 93.00M | 468.00M | -544.00M | 235.00M | -291.00M |
| Operating Cash Flow | 5.49B | -399.00M | 4.71B | 4.46B | 3.41B | -350.00M | 4.00B | 3.34B | 4.63B | 241.00M | 3.30B | 3.42B |
| Capital Expenditures | -380.00M | -353.00M | -444.00M | -365.00M | -356.00M | -404.00M | -278.00M | -379.00M | -370.00M | -417.00M | -311.00M | -371.00M |
| Investing Cash Flow | 26.00M | -3.00M | -428.00M | -789.00M | -2.32B | -434.00M | 441.00M | -1.00B | -337.00M | -193.00M | -568.00M | -1.96B |
| Dividends Paid | -2.30B | -2.31B | -2.29B | -2.11B | -2.11B | -2.12B | -2.11B | -2.03B | -2.03B | -2.04B | -2.02B | -1.98B |
| Share Repurchases | — | — | — | — | — | — | — | — | — | — | 0 | 0 |
| Debt Issued | 1.48B | 0 | 3.46B | 0 | 3.60B | 0 | 2.95B | 0 | 535.00M | 4.66B | 0 | 2.31B |
| Debt Repaid | -1.88B | -2.14B | -3.05B | -750.00M | -744.00M | -822.00M | -2.42B | -569.00M | -1.81B | 0 | -517.00M | 0 |
| Financing Cash Flow | -4.97B | 1.10B | -3.58B | -3.66B | -1.56B | 671.00M | -4.10B | -2.98B | -3.53B | 1.14B | -2.90B | -1.76B |
| Net Change in Cash | 554.00M | 578.00M | 831.00M | -115.00M | -300.00M | 222.00M | -47.00M | -575.00M | 777.00M | 953.00M | 112.00M | -478.00M |
| Free Cash Flow | 5.11B | -752.00M | 4.26B | 4.10B | 3.06B | -754.00M | 3.72B | 2.96B | 4.26B | -176.00M | 2.99B | 3.04B |
This table shows 12 quarterly periods of Philip Morris International's cash flow statement, from Q2 2026 back to Q3 2023, 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?