Colgate Palmolive : Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2020 and 2019
August 03, 2020 at 11:01 am EDT
Share
Table 4
Colgate-Palmolive Company
Condensed Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2020 and 2019
(Dollars in Millions) (Unaudited)
2020
2019
Operating Activities
Net income including noncontrolling interests
$
1,423
$
1,218
Adjustments to reconcile Net income including noncontrolling interests to Net cash provided by operations:
Depreciation and amortization
266
256
Restructuring and termination benefits, net of cash
(35)
21
Stock-based compensation expense
32
34
Deferred income taxes
(147)
53
Voluntary benefit plan contributions
-
(102)
Cash effects of changes in:
Receivables
121
(178)
Inventories
(176)
(63)
Accounts payable and other accruals
347
(14)
Other non-current assets and liabilities
(37)
24
Net cash provided by operations
1,794
1,249
Investing Activities
Capital expenditures
(159)
(146)
Purchases of marketable securities and investments
(48)
(80)
Proceeds from sale of marketable securities and investments
42
14
Payment for acquisitions, net of cash acquired
(352)
-
Net cash used in investing activities
(517)
(212)
Financing Activities
Principal payments on debt Proceeds from issuance of debt Dividends paid
Purchases of treasury shares
Proceeds from exercise of stock options
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
(2,102)
(3,105)
1,620
3,368
(784)
(770)
(228)
(664)
353
267
(1,141)
(904)
(22)
4
114
137
883
726
$
997
$
863
Supplemental Cash Flow Information
Free cash flow before dividends (Net cash provided by operations less Capital expenditures)
Net cash provided by operations
$
1,794
$
1,249
Less: Capital expenditures
(159)
(146)
Free cash flow before dividends
$
1,635
$
1,103
Income taxes paid
$
349
$
463
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Colgate-Palmolive Company published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 15:01:09 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.
COLGATE-PALMOLIVE COMPANY 
