Colgate Palmolive : Condensed Consolidated Statements of Cash Flows for the Twelve Months Ended December 31, 2021 and 2020
January 28, 2022 at 06:43 pm IST
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Table 4
Colgate-Palmolive Company
Condensed Consolidated Statements of Cash Flows
For the Twelve Months Ended December 31, 2021 and 2020
(Dollars in Millions) (Unaudited)
2021
2020
Operating Activities
Net income including noncontrolling interests
$
2,338
$
2,860
Adjustments to reconcile Net income including noncontrolling interests to Net cash provided by operations:
Depreciation and amortization
556
539
Restructuring and termination benefits, net of cash
(21)
(71)
Stock-based compensation expense
135
107
Goodwill and indefinite-lived intangible impairment charges
571
-
Loss on early extinguishment of debt
75
23
Deferred income taxes
(132)
(120)
Cash effects of changes in:
Receivables
(84)
138
Inventories
(72)
(251)
Accounts payable and other accruals
14
520
Other non-current assets and liabilities
(55)
(26)
Net cash provided by operations
3,325
3,719
Investing Activities
Capital expenditures
(567)
(410)
Purchases of marketable securities and investments
(141)
(143)
Proceeds from sale of marketable securities and investments
141
124
Payment for acquisitions, net of cash acquired
-
(353)
Other
(25)
3
Net cash used in investing activities
(592)
(779)
Financing Activities
Short-term borrowing (repayment) less than 90 days, net Principal payments on debt
Proceeds from issuance of debt Dividends paid
Purchases of treasury shares
Proceeds from exercise of stock options
Purchases of non-controlling interests in subsidiaries Other financing activites
Net cash used in financing activities
Effect of exchange rate changes on Cash and cash equivalents Net increase (decrease) in Cash and cash equivalents
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
488
(1,085)
699-
(1,679)(1,654)
(1,320)(1,476)
424874
-(99)
33
(2,774)(2,919)
(15)
(16)
(56)
5
888
883
$
832
$
888
Supplemental Cash Flow Information
Free cash flow before dividends (Net cash provided by operations less Capital expenditures)
Net cash provided by operations
3,325
3,719
Less: Capital expenditures
(567)
(410)
Free cash flow before dividends
$
2,758
$
3,309
Income taxes paid
$
890
$
845
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Colgate-Palmolive Company published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 13:12:06 UTC.
Colgate-Palmolive Company is one of the worldwide leaders in the manufacturing and marketing of cleaning and hygiene products. The group also products and sells pet food (dogs and cats). Net sales break down by family of products as follows:
- hygiene and cleaning products (78%): oral hygiene (toothpaste, toothbrushes, mouthwashes, etc.; Colgate brand), body care (soaps, shower gels, shampoos, conditioners, deodorants, shaving products, etc.; Palmolive, Speed Stick, Softsoap, etc.), household care, and linen care (dishwashing liquids, detergents, stain removers, fabric softeners, bleach, etc.; Palmolive, Ajax, Soupline, Suavitel, etc.). Net sales are distributed geographically as follows: North America (25.9%), Latin America (30.6%), Asia-Pacific (18.3%), Europe (18.1%), Africa and Eurasia (7.1%);
- cat and dog foods (22%; Hill's): world leader.