BRISTOL MYERS SQUIBB CO
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 12, 2025
BMY$62.80+1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
Dollars in millions
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows From Operating Activities: | |||
| Net (loss)/earnings | $(8,933) | $8,040 | $6,345 |
| Adjustments to reconcile net (loss)/earnings to net cash provided by operating activities: | |||
| Depreciation and amortization, net | 9,600 | 9,760 | 10,276 |
| Deferred income taxes | (2,089) | (3,288) | (2,738) |
| Stock-based compensation | 507 | 518 | 457 |
| Impairment charges | 2,963 | 255 | 179 |
| Divestiture gains and royalties | (1,119) | (884) | (1,063) |
| Acquired IPRD | 13,373 | 913 | 815 |
| Equity investment (gains)/losses, net | (16) | 160 | 801 |
| Other adjustments | 94 | 300 | 223 |
| Changes in operating assets and liabilities: | |||
| Receivables | 264 | (995) | (663) |
| Inventories | (486) | (751) | (69) |
| Accounts payable | 184 | 198 | 109 |
| Rebates and discounts | 1,484 | 904 | 427 |
| Income taxes payable | (1,260) | (603) | (1,423) |
| Other | 624 | (667) | (610) |
| Net cash provided by operating activities | 15,190 | 13,860 | 13,066 |
| Cash Flows From Investing Activities: | |||
| Sale and maturities of marketable debt securities | 1,122 | 733 | 6,411 |
| Purchase of marketable debt securities | (769) | (1,774) | (3,592) |
| Proceeds from sales of equity investments | 265 | 215 | 218 |
| Capital expenditures | (1,248) | (1,209) | (1,118) |
| Divestiture and other proceeds | 1,099 | 909 | 1,305 |
| Acquisition and other payments, net of cash acquired | (21,821) | (1,169) | (4,286) |
| Net cash used in investing activities | (21,352) | (2,295) | (1,062) |
| Cash Flows From Financing Activities: | |||
| Proceeds from issuance of short-term debt obligations | 2,987 | — | — |
| Repayments of short-term debt obligations | (3,000) | — | — |
| Other short-term financing obligations, net | 99 | (120) | 194 |
| Proceeds from issuance of long-term debt | 12,883 | 4,455 | 5,926 |
| Repayments of long-term debt | (2,873) | (3,879) | (11,431) |
| Repurchase of common stock | — | (5,155) | (8,001) |
| Dividends | (4,863) | (4,744) | (4,634) |
| Stock option proceeds and other, net | (106) | 27 | 984 |
| Net cash provided by/(used in) financing activities | 5,127 | (9,416) | (16,962) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (137) | 45 | (33) |
| (Decrease)/increase in cash, cash equivalents and restricted cash | (1,172) | 2,194 | (4,991) |
| Cash, cash equivalents and restricted cash at beginning of period | 11,519 | 9,325 | 14,316 |
| Cash, cash equivalents and restricted cash at end of period | $10,347 | $11,519 | $9,325 |
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