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.

Procter & Gamble Co., consolidated cash flow statement

US$ in millions

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Net earnings	14,974)	14,738)	14,793)	14,352)	13,103)	3,966)
Depreciation and amortization	2,896)	2,714)	2,807)	2,735)	3,013)	2,824)
Loss on early extinguishment of debt	—)	—)	—)	512)	—)	—)
Share-based compensation expense	562)	545)	528)	540)	558)	515)
Deferred income taxes	(244)	(453)	(402)	(258)	(596)	(411)
(Gain) loss on sale of assets	(215)	(40)	(85)	(16)	7)	(678)
Indefinite-lived intangible impairment charge	1,341)	—)	—)	—)	—)	8,345)
Change in accounts receivable	(766)	(307)	(694)	(342)	634)	(276)
Change in inventories	(70)	(119)	(1,247)	(309)	(637)	(239)
Change in accounts payable and accrued and other liabilities	1,814)	313)	1,429)	1,391)	1,923)	1,856)
Change in other operating assets and liabilities	(1,414)	(1,107)	(635)	(369)	(710)	(973)
Change in operating assets and liabilities	(436)	(1,220)	(1,147)	371)	1,210)	368)
Other	968)	564)	229)	135)	108)	313)
Operating activities	19,846)	16,848)	16,723)	18,371)	17,403)	15,242)
Capital expenditures	(3,322)	(3,062)	(3,156)	(2,787)	(3,073)	(3,347)
Proceeds from asset sales	346)	46)	110)	42)	30)	394)
Acquisitions, net of cash acquired	(21)	(765)	(1,381)	(34)	(58)	(3,945)
Other investing activity	(507)	281)	3)	(55)	6,146)	3,408)
Investing activities	(3,504)	(3,500)	(4,424)	(2,834)	3,045)	(3,490)
Dividends to shareholders	(9,312)	(8,999)	(8,770)	(8,263)	(7,789)	(7,498)
Additions to short-term debt with original maturities of more than three months	3,528)	17,168)	10,411)	7,675)	14,371)	—)
Reductions in short-term debt with original maturities of more than three months	(7,689)	(13,031)	(11,478)	(7,577)	(12,984)	—)
Net additions (reductions) in other short-term debt	857)	(3,319)	917)	(3,431)	958)	—)
Increases (reductions) in short-term debt (legacy)	—)	—)	—)	—)	—)	(2,215)
Additions to long-term debt	3,197)	3,997)	4,385)	4,417)	4,951)	2,367)
Reductions of long-term debt	(2,335)	(1,878)	(2,343)	(4,987)	(2,447)	(969)
Treasury stock purchases	(5,006)	(7,353)	(10,003)	(11,009)	(7,405)	(5,003)
Impact of stock options and other	1,905)	1,269)	2,005)	1,644)	1,978)	3,324)
Financing activities	(14,855)	(12,146)	(14,876)	(21,531)	(8,367)	(9,994)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(252)	(170)	(497)	101)	(139)	(88)
Change in cash, cash equivalents and restricted cash	1,235)	1,032)	(3,074)	(5,893)	11,942)	1,670)
Cash, cash equivalents and restricted cash, beginning of year	8,246)	7,214)	10,288)	16,181)	4,239)	2,569)
Cash, cash equivalents and restricted cash, end of year	9,481)	8,246)	7,214)	10,288)	16,181)	4,239)

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

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Cash flow statement item	Description	The company
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.	Procter & Gamble Co. operating activities increased from 2022 to 2023 and from 2023 to 2024.
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.	Procter & Gamble Co. investing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
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.	Procter & Gamble Co. financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

Procter & Gamble Co. (NYSE:PG)

Cash Flow Statement