BRISTOL MYERS SQUIBB CO
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed Apr 25, 2024
BMY$62.80+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net (loss)/earnings | $(11,908) | $2,267 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization, net | 2,532 | 2,429 |
| Deferred income taxes | (711) | (548) |
| Stock-based compensation | 133 | 122 |
| Impairment charges | 1 | 20 |
| Divestiture gains and royalties | (280) | (194) |
| Acquired IPRD | 12,949 | 75 |
| Equity investment (gains)/losses | (102) | 155 |
| Other adjustments | 22 | 4 |
| Changes in operating assets and liabilities: | ||
| Receivables | 479 | (175) |
| Inventories | (218) | (282) |
| Accounts payable | 300 | 187 |
| Rebates and discounts | (665) | (910) |
| Income taxes payable | 910 | 884 |
| Other | (608) | (1,064) |
| Net cash provided by operating activities | 2,834 | 2,970 |
| Cash Flows From Investing Activities: | ||
| Sale and maturities of marketable debt securities | 747 | 57 |
| Purchase of marketable debt securities | (274) | (200) |
| Proceeds from sales of equity investments | 5 | 62 |
| Capital expenditures | (284) | (278) |
| Divestiture and other proceeds | 241 | 227 |
| Acquisition and other payments, net of cash acquired | (20,053) | (78) |
| Net cash used in investing activities | (19,618) | (210) |
| Cash Flows From Financing Activities: | ||
| Short-term debt obligations, net | 3,070 | 128 |
| Issuance of long-term debt | 12,883 | — |
| Repayment of long-term debt | — | (1,640) |
| Repurchase of common stock | — | (250) |
| Dividends | (1,212) | (1,196) |
| Stock option proceeds and other, net | (97) | (92) |
| Net cash provided by/(used in) financing activities | 14,644 | (3,050) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (45) | 13 |
| Decrease in cash, cash equivalents and restricted cash | (2,185) | (277) |
| Cash, cash equivalents and restricted cash at beginning of period | 11,519 | 9,325 |
| Cash, cash equivalents and restricted cash at end of period | $9,334 | $9,048 |
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