Company: CL
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000021665-25-000008
Chunk: 14

Company: COLGATE PALMOLIVE CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 14
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olidated Statements of Cash Flows 

For the years ended December 31,

(Dollars in Millions) 202420232022Operating Activities  Net income including noncontrolling interests$3,049 $2,455 $1,967 Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:  Depreciation and amortization605 567 545 ERISA litigation matter— 267 — Restructuring and termination benefits, net of cash51 (23)49 Stock-based compensation expense135 122 125 Gain on the sale of land— — (47)Goodwill and intangible assets impairment charges— — 721 Deferred income taxes(77)(98)(78)Cash effects of changes in: Receivables(56)(37)(227)Inventories(100)194 (333)Accounts payable and other accruals516 309 (115)Other non-current assets and liabilities(16)(11)(51)Net cash provided by operations4,107 3,745 2,556 Investing Activities  Capital expenditures(561)(705)(696)Purchases of marketable securities and investments(574)(506)(470)Proceeds from sale of marketable securities and investments564 502 322 Payment for acquisitions, net of cash acquired— — (809)Proceeds from the sale of land— — 47 Other investing activities37 (33)5 Net cash used in investing activities(534)(742)(1,601)Financing Activities  Short-term borrowing (repayment) less than 90 days, net93 (906)540 Principal payments on debt(503)(903)(406)Proceeds from issuance of debt2 1,495 1,513 Dividends paid(1,789)(1,749)(1,691)Purchases of treasury shares(1,739)(1,128)(1,308)Proceeds from exercise of stock options638 380 418 Other financing activities(91)18 (18)Net cash used in financing activities(3,389)(2,793)(952)Effect of exchange rate changes on Cash and cash equivalents(54)(19)(60)Net increase (decrease) in Cash and cash equivalents130 191 (57)Cash and cash equivalents at beginning of year966 775 832 Cash and cash equivalents