Bristol-Myers Squibb Company

NYSE-BMY

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	6,046	-8,933	8,040	6,345	7,014	-8,995	3,460	4,947	975	4,507	1,631
Net Earnings
Depreciation & Amortization	4,914	9,600	9,760	10,276	10,686	10,380	1,746	637	789	382	376
Depreciation
Amortization
Depreciation and Amortization, Net
Stock Based Compensation	540	507	518	457	583	779	441	221	199	205	235
Stock-Based Compensation
Other Adjustments	-157	13,206	-2,544	-1,783	-815	10,901	-607	1,044	1,167	-884	598
Net Earnings Attributable to Noncontrolling Interest
Deferred Income Taxes
Litigation Settlement Expense, Net of Recoveries
Provision for Restructuring
Impairment Charges
Pension Settlements and Amortization
Proceeds from Amylin Diabetes Alliance
Divestiture Gains and Royalties
Deferred Income Recognized
(Gain)/Loss on Debt Buyback/Restructuring and Interest Rate Swap Termination
Asset Acquisition Charges
Acquired IPRD
Equity Investment Gains, Net
Unfunded Pension Expense
Contingent Consideration Fair Value Adjustments
Other Adjustments
Gain on Sale of ImClone and Other Investments
Other Gains
Changes in Trade Receivables	-171	264	-995	-663	-1,054	-646	752	-429	-431	-803	-942
Change in Receivables
Changes in Inventories	-80	-486	-751	-69	13	2,672	463	-216	-29	-152	97
Change in Inventories
Changes in Accounts Payable	605	184	198	109	245	188	229	-59	320	104	-919
Change in Accounts Payable
Change in Accounts Payable and Accrued Expenses
Changes in Income Taxes Payable	441	-1,260	-603	-1,423	-1,063	-2,305	907	203	3,154	-453	194
Change in Income Taxes Payable
Changes in Unearned Revenue	—	—	—	—	—	—	—	—	-642	-64	218
Deferred Income
Deferred Income and Other Liabilities
Changes in Other Operating Activities	2,176	2,108	237	-183	598	1,078	819	718	-227	216	617
Change in Rebates and Discounts
Other
Litigation Settlement Payments, Net of Insurance Recoveries
Product Liability
Cash from Operating Activities	16,621	15,190	13,860	13,066	16,207	14,052	8,210	7,066	5,275	3,058	2,105
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-1,319	-1,248	-1,209	-1,118	-973	-753	-836	-951	-1,055	-1,215	-820
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Sale and Leaseback of Properties
Purchases of Intangible Assets	—	—	—	—	—	—	—	—	—	—	—
Milestone Payments for Intangible Assets
Purchases of Investments	-2,293	-769	-1,774	-3,592	-5,478	-4,173	-3,961	-2,305	-5,419	-3,089	-3,143
Purchase of Marketable Debt Securities
Purchases of Other Investments
Proceeds from Sale of Investments	1,907	1,387	948	6,629	6,775	6,409	3,976	2,379	6,398	4,809	2,794
Sale and Maturities of Marketable Debt Securities
Proceeds from Sales of Equity Investments
Payments for Business Acquisitions	-2,284	-21,821	-1,169	-4,286	-1,610	-13,084	-24,777	-2,372	-726	-359	-1,111
Acquisition and Other Payments, Net of Cash Acquired
Proceeds from Business Divestments	1,125	1,099	909	1,305	748	741	15,685	1,249	736	1,334	708
Divestiture and Other Proceeds
Proceeds from Sale of Product Assets and Businesses
Proceeds from Sale of Product Lines and Businesses
Proceeds from Divestitures of Discontinued Operations
Other Investing Activities	—	—	—	—	—	—	—	—	—	—	—
Mead Johnson's Cash at Split-Off
Cash from Investing Activities	-2,870	-21,352	-2,295	-1,062	-538	-10,859	-9,913	-2,000	-66	1,480	-1,572
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	2,987	—	—	—	—	—	—	—	—	—
Proceeds from Issuance of Short-Term Debt Obligations
Repayments of Short-Term Debt	—	-3,000	—	—	—	—	—	—	—	—	—
Repayments of Short-Term Debt Obligations
Net Issuance / (Repayments) of Short-Term Debt	—	-13	—	—	—	—	—	—	—	—	—
Issuance of Long-Term Debt	—	12,883	4,455	5,926	—	6,945	26,778	—	1,488	—	1,268
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	-2,873	-3,879	-11,431	-6,022	-2,750	-9,256	-5	-1,224	-15	-1,957
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	10,010	576	-5,505	-6,022	4,195	17,522	-5	264	-15	-689
Issuance of Common Shares	-114	-106	27	984	641	542	—	—	—	—	—
Proceeds from Mead Johnson Initial Public Offering
Stock Option Proceeds and Other, Net
Repurchases of Common Shares	—	—	-5,155	-8,001	-6,287	-1,546	-7,300	-320	-2,469	-231	—
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-114	-106	-5,128	-7,017	-5,646	-1,004	-7,300	-320	-2,469	-231	—
Common Share Dividends Paid	-5,001	-4,863	-4,744	-4,634	-4,396	-4,075	-2,679	-2,613	-2,577	-2,547	-2,477
Dividends
Other Financing Activities	26	99	-120	194	-160	-267	78	-597	705	140	-458
Short-Term Debt Obligations, Net
Other Short-Term Financing Obligations, Net
Interest Rate Swap Contract Terminations
Other
Cash from Financing Activities	-5,961	5,127	-9,416	-16,962	-16,224	-1,151	7,621	-3,535	-4,077	-2,653	-3,624
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	15,302	13,942	12,651	11,948	15,234	13,299	7,374	6,115	4,220	1,843	1,285
NOPAT	6,819.7	-7,981	6,936.9	6,818.8	6,390.4	-12,024.3	4,112.4	4,239.1	654.8	3,403.7	1,484.2
Levered Free Cash Flow	12,776	9,947	16,233	8,414	10,478	6,440	24,289	5,247	3,581	3,260	639
Unlevered Free Cash Flow	13,556.7	917	14,568.9	14,410.8	15,896.4	-764.3	7,440.4	4,571.1	2,964.8	2,221.7	1,247.2
Net Change in Cash	7,790	-1,035	2,149	-4,958	-555	2,042	5,918	1,531	1,132	1,885	-3,091