Colgate Palmolive : Condensed Consolidated Statements of Cash Flows For the Three Months Ended March 31, 2024 and 2023
April 26, 2024 at 11:45 am EDT
Share
Table 3
Colgate-Palmolive Company
Condensed Consolidated Statements of Cash Flows
For the Three Months Ended March 31, 2024 and 2023
(Dollars in Millions) (Unaudited)
2024
2023
Operating Activities
Net income including noncontrolling interests
$
729
$
414
Adjustments to reconcile Net income including noncontrolling interests to Net cash provided by operations:
Depreciation and amortization
150
128
ERISA litigation matter
-
267
Restructuring and termination benefits, net of cash
30
(7)
Stock-based compensation expense
19
14
Deferred income taxes
12
(20)
Cash effects of changes in:
Receivables
(252)
(57)
Inventories
11
(24)
Accounts payable and other accruals
8
(2)
Other non-current assets and liabilities
(26)
22
Net cash provided by (used in) operations
681
735
Investing Activities
Capital expenditures
(126)
(163)
Purchases of marketable securities and investments
(139)
(112)
Proceeds from sale of marketable securities and investments
78
14
Other investing activities
(6)
(3)
Net cash provided by (used in) investing activities
(193)
(264)
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 Other financing activities
Net cash provided by (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
Supplemental Cash Flow Information
728(927)
(500)
1,495
(390)
(180)
336122
5
(375)
(14)
(4)
113
92
966
775
$
1,079
$
867
Free cash flow before dividends (Net cash provided by operations less Capital expenditures)
Net cash provided by operations
$
681
$
735
Less: Capital expenditures
(126)
(163)
Free cash flow before dividends
$
555
$
572
Income taxes paid
$
150
$
171
Interest paid
$
123
$
94
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Colgate-Palmolive Company published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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26 April 2024 15:41:52 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.