Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Becton, Dickinson & Co., consolidated cash flow statement

US$ in millions

12 months ended:	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Net income	2,092)	874)	1,233)	311)	1,100)	976)
Depreciation and amortization	2,273)	2,154)	2,253)	1,978)	1,088)	1,114)
Share-based compensation	237)	244)	261)	322)	174)	196)
Deferred income taxes	(304)	(302)	(381)	(240)	(236)	(426)
Trade receivables, net	(95)	(48)	(51)	(170)	(93)	(128)
Inventories	(104)	(125)	(149)	246)	(46)	69)
Prepaid expenses and other	(186)	81)	299)	(46)	(366)	90)
Accounts payable, income taxes and other liabilities	687)	205)	(470)	867)	134)	368)
Change in operating assets and liabilities	302)	113)	(371)	897)	(371)	399)
Pension obligation	71)	95)	(123)	(263)	84)	(32)
Excess tax benefits from payments under share-based compensation plans	15)	52)	55)	78)	77)	—)
Lease contract modification-related charge	—)	—)	—)	—)	748)	—)
Gain on sale of Vyaire interest	—)	—)	—)	(303)	—)	—)
Gain on sale of business	—)	—)	(336)	—)	—)	—)
Product liability-related charges	361)	378)	914)	—)	—)	—)
Other, net	(400)	(69)	(175)	85)	(114)	332)
Adjustments to net income to derive net cash provided by operating activities	2,555)	2,665)	2,097)	2,554)	1,450)	1,583)
Net cash provided by operating activities	4,647)	3,539)	3,330)	2,865)	2,550)	2,559)
Capital expenditures	(1,231)	(810)	(957)	(895)	(727)	(693)
Acquisitions, net of cash acquired	(508)	(164)	—)	(15,281)	(174)	—)
Proceeds from divestitures, net	—)	—)	477)	534)	165)	158)
Other, net	(141)	(258)	(261)	(187)	(147)	(134)
Net cash used for investing activities	(1,880)	(1,232)	(741)	(15,829)	(883)	(669)
Change in credit facility borrowings	—)	(485)	485)	—)	(200)	(500)
Proceeds from long-term debt and term loans	4,869)	3,389)	2,224)	5,086)	11,462)	—)
Payments of debt and term loans	(5,112)	(4,664)	(4,744)	(3,996)	(3,980)	(752)
Proceeds from issuance of equity securities	—)	2,917)	—)	—)	4,827)	—)
Repurchase of common stock	(1,750)	—)	—)	—)	(220)	—)
Excess tax benefit from payments under share-based compensation plans	—)	—)	—)	—)	—)	86)
Dividends paid	(1,048)	(1,026)	(984)	(927)	(677)	(562)
Other, net	(265)	(109)	(204)	(221)	(235)	(33)
Net cash provided by (used for) financing activities	(3,306)	22)	(3,223)	(58)	10,977)	(1,761)
Effect of exchange rate changes on cash and equivalents and restricted cash	14)	(3)	(12)	(17)	(6)	(12)
Net increase (decrease) in cash and equivalents and restricted cash	(525)	2,326)	(646)	(13,039)	12,638)	117)
Opening cash and equivalents and restricted cash	2,917)	590)	1,236)	14,179)	1,541)	1,424)
Closing cash and equivalents and restricted cash	2,392)	2,916)	590)	1,140)	14,179)	1,541)

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Becton, Dickinson & Co. net cash provided by operating activities increased from 2019 to 2020 and from 2020 to 2021.
Net cash used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Becton, Dickinson & Co. net cash used for investing activities decreased from 2019 to 2020 and from 2020 to 2021.
Net cash provided by (used for) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Becton, Dickinson & Co. net cash provided by (used for) financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Becton, Dickinson & Co. (NYSE:BDX)

Cash Flow Statement