PM
Philip Morris International Inc.
Stock
$190.82−3.08 (−1.59%)Close Sep 30, 2026
Cash flow statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.3B | $12.2B | $12.2B | $9.2B | $10.8B | $12.0B | $9.8B | $10.1B | $9.5B | $8.9B | $8.1B | $7.9B | $7.7B | $10.1B | $9.4B | $10.5B | $9.4B | $7.9B | $7.9B | $5.6B |
| Capital expenditures | $1.5B | $1.6B | $1.4B | $1.3B | $1.1B | $748M | $602M | $852M | $1.4B | $1.5B | $1.2B | $960M | $1.2B | $1.2B | $1.1B | $897M | $713M | $715M | $1.1B | $1.1B |
| Free cash flow | $12.7B | $10.7B | $10.8B | $7.9B | $9.7B | $11.2B | $9.2B | $9.2B | $8.0B | $7.4B | $6.9B | $6.9B | $6.6B | $8.9B | $8.4B | $9.6B | $8.7B | $7.2B | $6.8B | $4.5B |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $162M | $127M | $93M | $68M | — |
| Buybacks | — | — | $0 | $0 | $209M | $775M | $0 | $0 | — | $0 | $0 | $48M | $3.8B | $6.0B | $6.5B | $5.4B | $5.0B | $5.6B | $5.3B | $0 |
| Dividends paid | $9.0B | $8.6B | $8.2B | $8.0B | $7.8B | $7.6B | $7.4B | $7.2B | $6.9B | $6.5B | $6.4B | $6.3B | $6.0B | $5.7B | $5.4B | $4.8B | $4.4B | $4.3B | $2.1B | $0 |
| Dividends per share | $5.88 | $5.64 | $5.30 | $5.14 | $5.04 | $4.90 | $4.74 | $4.62 | $4.49 | $4.22 | $4.12 | $4.04 | $3.88 | $3.58 | $3.24 | $2.82 | $2.44 | $2.24 | $1.54 | — |
| Free cash flow margin | 29.9% | 26.2% | 28.4% | 22.4% | 30.6% | 35.7% | 32.1% | 31.0% | 27.1% | 25.6% | 25.9% | 9.3% | 8.2% | 11.2% | 10.8% | 12.6% | 12.9% | 11.5% | 10.7% | 8.1% |