PFIZER INC
For the period ended Sep 29, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Nov 4, 2024
PFE$29.36+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (MILLIONS) | September 29,2024 | October 1,2023 |
| Operating Activities | ||
| Net income before allocation to noncontrolling interests | $7,644 | $5,518 |
| Discontinued operations—net of tax | 4 | 11 |
| Net income from continuing operations before allocation to noncontrolling interests | 7,640 | 5,507 |
| Adjustments to reconcile net income from continuing operations before allocation to noncontrolling interests to net cash provided by/(used in) operating activities: | ||
| Depreciation and amortization | 5,222 | 4,620 |
| Asset write-offs and impairments | 1,080 | 499 |
| Deferred taxes | (1,706) | (1,584) |
| Share-based compensation expense | 700 | 404 |
| Benefit plan contributions in excess of expense/income | (466) | (467) |
| Inventory write-offs and related charges associated with COVID-19 products(a) | — | 5,847 |
| Other adjustments, net | (455) | (744) |
| Other changes in assets and liabilities, net of acquisitions and divestitures | (5,992) | (10,622) |
| Net cash provided by/(used in) operating activities | 6,023 | 3,460 |
| Investing Activities | ||
| Purchases of property, plant and equipment | (1,992) | (2,863) |
| Purchases of short-term investments | (3,957) | (30,138) |
| Proceeds from redemptions/sales of short-term investments | 2,630 | 18,018 |
| Net (purchases of)/proceeds from redemptions/sales of short-term investments with original maturities of three months or less | 2,649 | (6,102) |
| Purchases of long-term investments | (75) | (166) |
| Proceeds from redemptions/sales of long-term investments | 1,541 | 189 |
| Proceeds from partial sale of investment in Haleon(b) | 3,491 | — |
| Acquisition of business, net of cash acquired | — | (25) |
| Other investing activities, net | (13) | (193) |
| Net cash provided by/(used in) investing activities | 4,275 | (21,282) |
| Financing Activities | ||
| Proceeds from short-term borrowings | 8,175 | 14 |
| Payments on short-term borrowings | (7,774) | — |
| Net (payments on)/proceeds from short-term borrowings with original maturities of three months or less | (2,590) | (106) |
| Proceeds from issuance of long-term debt | — | 30,831 |
| Payments on long-term debt | (2,250) | (2,569) |
| Cash dividends paid | (7,132) | (6,932) |
| Other financing activities, net | (455) | (613) |
| Net cash provided by/(used in) financing activities | (12,026) | 20,624 |
| Effect of exchange-rate changes on cash and cash equivalents and restricted cash and cash equivalents | (37) | (39) |
| Net increase/(decrease) in cash and cash equivalents and restricted cash and cash equivalents | (1,765) | 2,764 |
| Cash and cash equivalents and restricted cash and cash equivalents, at beginning of period | 2,917 | 468 |
| Cash and cash equivalents and restricted cash and cash equivalents, at end of period | $1,152 | $3,233 |
| Supplemental Cash Flow Information | ||
| Cash paid during the period for: | ||
| Income taxes | $3,172 | $2,907 |
| Interest paid | 1,833 | 1,153 |
| Interest rate hedges | 31 | 98 |
(a) See Note 13A.
(b) See Note 2B.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.