Philip Morris International Inc. Cash Flow Breakdown
Cash flow breakdown shows where Philip Morris International Inc.'s cash came from and where it went: from running the business, from investing (buying or selling equipment, companies and investments) and from financing (borrowing, paying back loans, buying back shares, paying dividends). One row per year or quarter. A minus sign means cash went out. Financing is shown line by line: buybacks, dividends, debt paid back, new debt and the rest. All amounts are the filed figures for that period.
- Fiscal year ended 2025-12-31: from running the business, $12.23B came in.
- Fiscal year ended 2025-12-31: from investing, $3.97B went out.
- Fiscal year ended 2025-12-31: from financing, $8.13B went out.
- Fiscal year ended 2025-12-31: change in cash, $638.00M came in.
A minus sign means cash went out. * = worked out from the filed year-to-date figures (hover to see how); greyed = already counted inside another line.
Each year (12 month)
| Fiscal year end | Running the business | From investing | Buybacks | Dividends | Debt paid back | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2025-12-31 | $12.23B | -$3.97B | | -$8.62B | -$5.37B | $7.05B | $19.00M* | | -$521.00M | -$693.00M* | $638.00M |
|---|
| 2024-12-31 | $12.22B | -$1.09B | $0.00 | -$8.20B | -$4.80B | $8.14B | -$4.63B* | | -$489.00M | $495.00M* | $1.11B |
|---|
| 2023-12-31 | $9.20B | -$3.60B | $0.00 | -$7.96B | -$2.55B | $9.96B | -$3.90B* | | -$375.00M | -$751.00M* | -$71.00M |
|---|
| 2022-12-31 | $10.80B | -$15.68B | -$209.00M | -$7.81B | -$2.72B | $5.96B | $10.80B* | | -$881.00M | -$1.33B* | -$1.28B |
|---|
| 2021-12-31 | $11.97B | -$2.36B | -$775.00M | -$7.58B | -$3.04B | $0.00 | $0.00* | | -$580.00M | | -$2.79B |
|---|
| 2020-12-31 | $9.81B | -$1.15B | $0.00 | -$7.36B | -$4.00B | $3.71B | -$70.00M* | | -$776.00M | | $420.00M |
|---|
| 2019-12-31 | $10.09B | -$1.81B | $0.00 | -$7.16B | -$4.00B | $3.82B | -$364.00M | | -$357.00M | | $245.00M |
|---|
| 2018-12-31 | $9.48B | -$998.00M | | -$6.88B | -$2.48B | $0.00 | $255.00M | | -$537.00M | | -$1.86B |
|---|
| 2017-12-31 | $8.91B | -$3.08B | $0.00 | -$6.52B | -$2.55B | $6.85B | -$127.00M | | -$426.00M | $5.00M* | $4.14B |
|---|
| 2016-12-31 | $8.08B | -$834.00M | $0.00 | -$6.38B | -$2.39B | $3.54B | -$12.00M | | -$173.00M | $7.00M* | $865.00M |
|---|
| 2015-12-31 | $7.87B | -$708.00M | -$48.00M | -$6.25B | -$1.23B | $1.54B | -$266.00M | | -$104.00M | $1.62B* | $1.74B |
|---|
| 2014-12-31 | $7.74B | -$996.00M | -$3.83B | -$6.04B | -$1.24B | $5.59B | -$516.00M | | -$242.00M | -$564.00M* | -$472.00M |
|---|
| 2013-12-31 | $10.13B | -$2.68B | -$5.96B | -$5.72B | -$2.74B | $7.18B | -$1.10B | $0.00 | -$311.00M* | $435.00M* | -$829.00M |
|---|
| 2012-12-31 | $9.42B | -$992.00M | -$6.53B | -$5.40B | -$2.24B | $5.52B | $1.51B | | -$322.00M* | -$643.00M* | $433.00M |
|---|
| 2011-12-31 | $10.53B | -$1.03B | -$5.37B | -$4.79B | -$1.48B | $3.77B | -$968.00M | $75.00M | -$289.00M* | $720.00M* | $847.00M |
|---|
| 2010-12-31 | $9.44B | -$710.00M | -$5.03B | -$4.42B | -$183.00M | $1.13B | $479.00M | $229.00M | -$260.00M* | -$520.00M* | $163.00M |
|---|
| 2009-12-31 | $7.88B | -$1.10B | -$5.63B | -$4.33B | -$101.00M | $2.99B | $13.00M | $177.00M | -$242.00M* | $207.00M* | $9.00M |
|---|
| 2008-12-31 | $7.93B | -$3.16B | -$5.26B | -$2.06B | -$5.74B | $11.89B | -$449.00M | $118.00M | -$316.00M* | -$2.37B* | $30.00M |
|---|
| 2007-12-31 | $5.55B | -$2.59B | $0.00 | $0.00 | -$3.38B | $4.16B | $2.16B | $0.00 | -$345.00M | -$6.19B* | -$284.00M |
|---|
Each quarter (3 month)
| Quarter end | Running the business | From investing | Buybacks | Dividends | Debt paid back | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2026-06-30 | $5.49B* | $26.00M* | | -$2.30B* | -$1.88B* | $1.48B* | -$2.00B* | | -$210.00M* | -$62.00M* | |
|---|
| 2026-03-31 | -$399.00M | -$3.00M | | -$2.31B | -$2.14B | $0.00 | $4.53B | | -$116.00M | $1.13B* | $578.00M |
|---|
| 2025-12-31 | $4.71B* | -$428.00M* | | -$2.29B* | -$3.05B* | $3.46B* | -$1.71B* | | -$101.00M* | $122.00M* | |
|---|
| 2025-09-30 | $4.46B* | -$789.00M* | | -$2.11B* | -$750.00M* | $0.00* | -$561.00M* | | -$152.00M* | -$91.00M* | |
|---|
| 2025-06-30 | $3.41B* | -$2.32B* | | -$2.11B* | -$744.00M* | $3.60B* | -$1.94B* | | -$182.00M* | -$188.00M* | |
|---|
| 2025-03-31 | -$350.00M | -$434.00M | | -$2.12B | -$822.00M | $0.00 | $4.23B | | -$86.00M | -$536.00M* | $222.00M |
|---|
| 2024-12-31 | $4.00B* | $441.00M* | | -$2.11B* | -$2.42B* | $2.95B* | -$3.18B* | | -$152.00M* | $806.00M* | |
|---|
| 2024-09-30 | $3.34B* | -$1.00B* | | -$2.03B* | -$569.00M* | $0.00* | $11.00M* | | -$68.00M* | -$328.00M* | |
|---|
| 2024-06-30 | $4.63B* | -$337.00M* | | -$2.03B* | -$1.81B* | $535.00M* | $12.00M* | | -$181.00M* | -$59.00M* | |
|---|
| 2024-03-31 | $241.00M | -$193.00M | | -$2.04B | $0.00 | $4.66B | -$1.48B* | | -$88.00M | $76.00M* | $953.00M |
|---|
| 2023-12-31 | $3.30B* | -$568.00M* | $0.00* | -$2.02B* | -$517.00M* | $0.00* | $174.00M* | | -$106.00M* | -$425.00M* | |
|---|
| 2023-09-30 | $3.42B* | -$1.96B* | $0.00* | -$1.98B* | $0.00* | $2.31B* | -$2.00B* | | -$125.00M* | $30.00M* | |
|---|
| 2023-06-30 | $3.44B* | -$483.00M* | $0.00* | -$1.98B* | -$1.35B* | $2.45B* | -$1.00B* | | -$208.00M* | $309.00M* | |
|---|
| 2023-03-31 | -$955.00M | -$591.00M | $0.00 | -$1.99B | -$682.00M | $5.20B | -$1.07B* | | $64.00M | -$665.00M* | -$771.00M |
|---|
| 2022-12-31 | $3.09B* | -$15.53B* | $0.00* | -$1.97B* | -$745.00M* | $5.96B* | -$5.74B* | | -$218.00M* | $12.59B* | |
|---|
| 2022-09-30 | $3.07B* | -$96.00M* | $0.00* | -$1.94B* | -$1.48B* | $0.00* | $2.05B* | | -$121.00M* | -$780.00M* | |
|---|
| 2022-06-30 | $3.52B* | $141.00M* | $0.00* | -$1.95B* | -$1.00M* | $0.00* | -$1.35B* | | -$277.00M* | $475.00M* | |
|---|
| 2022-03-31 | $1.12B | -$196.00M | -$209.00M | -$1.95B | -$496.00M | $0.00 | $1.92B* | | -$265.00M | $305.00M* | $126.00M |
|---|
| 2021-12-31 | $4.03B* | -$340.00M* | -$681.00M* | -$1.95B* | -$1.06B* | $0.00* | $18.00M* | | -$123.00M* | | |
|---|
| 2021-09-30 | $3.87B* | -$1.89B* | -$94.00M* | -$1.88B* | $0.00* | $0.00* | $90.00M* | | -$173.00M* | | |
|---|
| 2021-06-30 | $3.63B* | -$183.00M* | $0.00* | -$1.87B* | -$347.00M* | | -$59.00M* | | -$195.00M* | | |
|---|
| 2021-03-31 | $435.00M | $55.00M | $0.00 | -$1.88B | -$1.63B | | -$49.00M | | -$89.00M | | -$3.38B |
|---|
| 2020-12-31 | $3.16B* | -$586.00M* | $0.00* | -$1.88B* | $0.00* | $1.48B* | $89.00M* | | -$158.00M* | | |
|---|
| 2020-09-30 | $3.61B* | -$434.00M* | | -$1.83B* | -$358.00M* | $0.00* | -$84.00M* | | -$214.00M* | -$45.00M* | |
|---|
| 2020-06-30 | $1.93B* | -$648.00M* | | -$1.83B* | $0.00* | | -$1.17B* | | -$202.00M* | $2.25B* | |
|---|
| 2020-03-31 | $1.11B | $514.00M | | -$1.83B | -$3.64B | | $1.10B | | -$202.00M | $25.00M* | -$3.12B |
|---|
| 2019-12-31 | $3.32B* | -$184.00M* | | -$1.82B* | -$1.03B* | $0.00* | -$24.00M* | | -$36.00M* | -$47.00M* | |
|---|
| 2019-09-30 | $2.08B* | $122.00M* | | -$1.78B* | $0.00* | $2.19B* | $89.00M* | | -$50.00M* | $2.00M* | |
|---|
| 2019-06-30 | $3.44B* | -$153.00M* | | -$1.78B* | -$834.00M* | | -$262.00M* | | -$215.00M* | $684.00M* | |
|---|
| 2019-03-31 | $1.24B | -$1.60B | | -$1.78B | -$2.14B | | -$167.00M | | -$56.00M | $989.00M* | -$3.53B |
|---|
| 2018-12-31 | $2.42B* | $166.00M* | | -$1.77B* | -$1.00M* | $0.00* | $180.00M* | | -$233.00M* | $82.00M* | |
|---|
| 2018-09-30 | $1.68B* | -$481.00M* | | -$1.78B* | $0.00* | $0.00* | -$44.00M* | | -$70.00M* | $3.00M* | |
|---|
| 2018-06-30 | $3.99B* | $335.00M* | | -$1.67B* | -$2.48B* | $0.00* | $16.00M* | | -$143.00M* | $6.00M* | |
|---|
| 2018-03-31 | $1.38B | -$1.02B | | -$1.66B | $0.00 | $0.00 | $103.00M | | -$91.00M | -$91.00M* | -$1.25B |
|---|
| 2017-12-31 | $2.92B* | -$761.00M* | | -$1.67B* | -$498.00M* | $3.13B* | -$773.00M* | | -$95.00M* | -$1.63B* | $780.00M* |
|---|
| 2017-09-30 | $1.92B* | -$1.08B* | | -$1.62B* | -$1.24B* | $1.24B* | $380.00M* | | -$40.00M* | $1.64B* | $1.47B* |
|---|
| 2017-06-30 | $3.23B* | -$701.00M* | | -$1.62B* | -$1.00M* | $0.00* | -$108.00M* | | -$208.00M* | $3.00M* | $1.12B* |
|---|
| 2017-03-31 | $843.00M | -$543.00M | | -$1.62B | -$814.00M | $2.48B | $374.00M | | -$83.00M | | $875.00M |
|---|
| 2016-12-31 | $2.15B* | $109.00M* | $0.00* | -$1.62B* | -$321.00M* | $0.00* | $43.00M* | | $42.00M* | $2.00M* | -$645.00M* |
|---|
| 2016-09-30 | $3.09B* | -$506.00M* | $0.00* | -$1.59B* | $0.00* | $0.00* | $56.00M* | | -$36.00M* | | $1.07B* |
|---|
| 2016-06-30 | $2.37B* | -$18.00M* | $0.00* | -$1.59B* | -$1.25B* | $1.56B* | $25.00M* | | -$150.00M* | -$1.00M* | $870.00M* |
|---|
| 2016-03-31 | $462.00M | -$419.00M | $0.00 | -$1.58B | -$827.00M | $1.98B | -$136.00M | | -$29.00M | $6.00M* | -$473.00M |
|---|
| 2015-12-31 | $1.87B* | -$320.00M* | $0.00* | -$1.58B* | -$1.00M* | $0.00* | -$180.00M* | | -$12.00M* | $1.50B* | $1.02B* |
|---|
| 2015-09-30 | $2.69B* | -$164.00M* | $0.00* | -$1.55B* | -$828.00M* | $1.24B* | -$599.00M* | | -$22.00M* | -$54.00M* | $555.00M* |
|---|
| 2015-06-30 | $3.67B* | -$292.00M* | $0.00* | -$1.55B* | -$1.00M* | $0.00* | -$1.72B* | | -$45.00M* | $160.00M* | $314.00M* |
|---|
| 2015-03-31 | -$375.00M | $68.00M | -$48.00M | -$1.55B | -$399.00M | $302.00M | $2.24B | | -$25.00M | $13.00M* | -$158.00M |
|---|
| 2014-12-31 | $1.35B* | -$223.00M* | -$783.00M* | -$1.56B* | $0.00* | $1.96B* | -$749.00M* | | -$34.00M* | -$106.00M* | -$361.00M* |
|---|
| 2014-09-30 | $2.96B* | -$229.00M* | -$769.00M* | -$1.48B* | $0.00* | $0.00* | $488.00M* | $0.00* | -$31.00M* | -$285.00M* | $502.00M* |
|---|
| 2014-06-30 | $2.71B* | -$336.00M* | -$1.04B* | -$1.49B* | $0.00* | $1.27B* | -$910.00M* | | -$63.00M* | -$452.00M* | -$282.00M* |
|---|
| 2014-03-31 | $715.00M | -$208.00M | -$1.24B | -$1.50B | -$1.24B | $2.36B | $655.00M | | -$114.00M | $279.00M* | -$331.00M |
|---|
| 2013-12-31 | $2.32B* | -$1.21B* | -$1.45B* | -$1.52B* | $0.00* | $1.98B* | -$1.31B* | $0.00* | -$66.00M* | $57.00M* | -$1.23B* |
|---|
| 2013-09-30 | $3.31B* | -$980.00M* | -$1.49B* | -$1.39B* | $0.00* | $0.00* | $316.00M* | $0.00* | -$40.00M* | -$5.00M* | -$204.00M* |
|---|
| 2013-06-30 | $3.14B* | -$269.00M* | -$1.57B* | -$1.40B* | -$2.00B* | $636.00M* | $846.00M* | | -$81.00M* | $328.00M* | -$395.00M* |
|---|
| 2013-03-31 | $1.36B | -$222.00M | -$1.45B | -$1.41B | -$739.00M | $4.57B | -$947.00M | | -$137.00M | $68.00M* | $998.00M |
|---|
| 2012-12-31 | $1.65B* | -$301.00M* | -$1.97B* | -$1.43B* | $0.00* | $0.00* | $148.00M* | $1.00M* | -$84.00M* | $122.00M* | -$1.83B* |
|---|
| 2012-09-30 | $2.39B* | -$179.00M* | -$1.50B* | -$1.31B* | -$512.00M* | $2.54B* | -$563.00M* | $0.00* | -$47.00M* | -$5.00M* | $971.00M* |
|---|
| 2012-06-30 | $3.48B* | -$288.00M* | -$1.63B* | -$1.32B* | -$58.00M* | $1.76B* | -$903.00M* | $0.00* | -$80.00M* | -$468.00M* | $270.00M* |
|---|
| 2012-03-31 | $1.90B | -$224.00M | -$1.43B | -$1.34B | -$1.67B | $1.22B | $2.83B | $0.00 | -$135.00M | -$269.00M* | $1.03B |
|---|
| 2011-12-31 | $961.00M* | -$350.00M* | -$1.00B* | -$1.35B* | -$19.00M* | $2.16B* | -$1.46B* | $0.00* | -$35.00M* | $417.00M* | -$841.00M* |
|---|
| 2011-09-30 | $3.05B* | -$261.00M* | -$1.45B* | -$1.13B* | -$1.43B* | $616.00M* | $1.69B* | $0.00* | $19.00M* | $322.00M* | $1.21B* |
|---|
| 2011-06-30 | $4.12B* | -$246.00M* | -$1.61B* | -$1.15B* | -$12.00M* | $990.00M* | -$1.17B* | $20.00M* | -$100.00M* | | $856.00M* |
|---|
| 2011-03-31 | $2.40B | -$175.00M | -$1.31B | -$1.16B | -$23.00M | $0.00 | -$32.00M | $55.00M | -$192.00M | | -$381.00M |
|---|
| 2010-12-31 | $1.58B* | -$264.00M* | -$1.17B* | -$1.17B* | -$115.00M* | $0.00* | -$175.00M* | $60.00M* | -$17.00M* | -$488.00M* | -$1.80B* |
|---|
| 2010-09-30 | $2.42B* | -$195.00M* | -$1.03B* | -$1.07B* | $0.00* | $0.00* | $1.54B* | $79.00M* | -$20.00M* | | $1.92B* |
|---|
| 2010-06-30 | $3.46B* | -$147.00M* | -$1.10B* | -$1.08B* | | $0.00* | -$184.00M* | $12.00M* | -$63.00M* | -$68.00M* | $734.00M* |
|---|
| 2010-03-31 | $1.97B | -$104.00M | -$1.72B | -$1.10B | | $1.13B | -$706.00M | $78.00M | -$192.00M | | -$690.00M |
|---|
| 2009-12-31 | $1.47B* | -$330.00M* | -$1.37B* | -$1.11B* | -$100.00M* | $0.00* | $1.35B* | $46.00M* | -$17.00M* | | -$62.00M* |
|---|
| 2009-09-30 | $1.85B* | -$373.00M* | -$1.41B* | -$1.05B* | $0.00* | $0.00* | -$107.00M* | $26.00M* | -$25.00M* | | -$1.00B* |
|---|
| 2009-06-30 | $3.15B* | -$207.00M* | -$1.47B* | -$1.07B* | $0.00* | $0.00* | -$358.00M* | $87.00M* | -$46.00M* | | $241.00M* |
|---|
| 2009-03-31 | $1.43B | -$188.00M | -$1.38B | -$1.09B | -$1.00M | $2.99B | -$641.00M | $18.00M | -$180.00M | | $830.00M |
|---|
| 2008-12-31 | $833.00M* | -$309.00M* | -$868.00M* | -$1.10B* | $0.00* | $1.24B* | -$460.00M* | $27.00M* | -$20.00M* | -$57.00M* | -$1.27B* |
|---|
| 2008-09-30 | $2.00B* | -$1.88B* | -$2.44B* | -$956.00M* | $0.00* | $2.98B* | | $23.00M* | -$145.00M* | $83.00M* | -$225.00M* |
|---|