Pfizer Inc.

NYSE-PFE

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	9,870	10,768	7,896	8,051	4,306	-2,563
Net Income Before Allocation to Noncontrolling Interests
Discontinued Operations-Net of Tax
Income from Discontinued Operations-Net of Tax
Depreciation & Amortization	6,696	6,789	6,895	7,013	6,892	6,697
Depreciation and Amortization
Share-Based Compensation Expense	751	824	827	877	821	698
Share-Based Compensation Expense
Other Adjustments	-192	-93	17	-132	-3,564	-3,401
Asset Write-Offs and Impairments
Foreign Currency Gain Related to Venezuela
Loss on Sale of HIS Net Assets
TCJA Impact
Gain on Completion of Consumer Healthcare JV Transaction, Net of Cash Conveyed
Deferred Taxes
Benefit Plan Contributions in Excess of Expense/Income
Inventory Write-Offs and Related Charges Associated with COVID-19 Products
Other Adjustments, Net
Income from Discontinued Operations-Net of Tax
Changes in Trade Receivables	—	—	—	-109	—	—
Trade Accounts Receivable
Changes in Inventories	—	—	—	-854	—	—
Change in Inventories
Changes in Accounts Payable	—	—	—	-1,023	—	—
Trade Accounts Payable
Changes in Income Taxes Payable	—	—	—	-1,345	—	—
Other Tax Accounts, Net
Changes in Other Operating Activities	-952	-37	1,417	265	4,630	2,552
Change in Other Assets
Other Liabilities
Other Changes in Assets and Liabilities, Net of Acquisitions and Divestitures
Net Cash Provided by Operating Activities from Discontinued Operations
Cash from Operating Activities	13,077	15,188	13,989	12,744	11,263	8,005
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-2,701	-2,750	-2,769	-2,909	-3,036	-3,195
Purchases of Property, Plant and Equipment
Purchases of Intangible Assets	—	—	—	—	—	—
Acquisitions of Intangible Assets
Purchases of Investments	-16,804	-15,122	-12,438	-10,313	-4,906	-11,442
Purchases of Short-Term Investments
Purchases of Long-Term Investments
Proceeds from Sale of Investments	12,503	26,039	22,623	15,874	41,132	50,430
Proceeds from Redemptions/Sales of Short-Term Investments
Proceeds from Redemptions/Sales of Long-Term Investments
Proceeds from Sales of Investment in Haleon
Net Proceeds from Redemptions/Sales of Short-Term Investments with Original Maturities of Three Months or Less
Payments for Business Acquisitions	—	—	—	—	—	—
Acquisitions of Businesses, Net of Cash Acquired
Other Investing Activities	-2,447	-2,762	773	3,138	13,926	20,275
Dividend Received from the Consumer Healthcare JV
Other Investing Activities, Net
Net Cash Provided by Investing Activities from Discontinued Operations
Net Proceeds from Redemptions/Sales of Short-Term Investments with Original Maturities of Three Months or Less
Cash from Investing Activities	3,172	3,545	4,194	2,652	-6,721	-3,776
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	—	—	7,463	8,907	12,686	12,780.5
Proceeds from Short-Term Borrowings
Repayments of Short-Term Debt	-1,641.5	-11,709.5	-14,627.5	-13,816	-7,100	-2,818.5
Payments on Short-Term Borrowings
Net Proceeds from Short-Term Borrowings with Original Maturities of Three Months or Less
Net Issuance / (Repayments) of Short-Term Debt	-1,641.5	-11,709.5	-7,164.5	-4,909	5,586	9,962
Issuance of Long-Term Debt	—	—	—	—	—	—
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	—	—	-2,250	—	-4,200
Payments on Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	-2,250	—	-4,200
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from Exercise of Stock Options
Repurchases of Common Shares	—	—	—	—	—	—
Purchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	—	—	—	—	—	—
Common Share Dividends Paid	-9,706	-9,642	-9,577	-9,512	-9,447	-9,381
Cash Dividends Paid
Other Financing Activities	-2,070.5	-3,533.5	-2,120.5	-3,059	204	1,534
Other Financing Activities, Net
Net Cash Provided by Financing Activities from Discontinued Operations
Net Proceeds from Short-Term Borrowings with Original Maturities of Three Months or Less
Cash from Financing Activities	-16,014	-18,173	-17,436	-17,140	-6,584	-5,727
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	10,376	12,438	11,220	9,835	8,227	4,810
NOPAT	9,838	10,770	7,897	8,051	4,306	-2,564
Levered Free Cash Flow	11,229.5	3,044.5	6,261.5	2,019	18,324	9,221
Unlevered Free Cash Flow	12,881	14,772	13,440	9,198	12,792	3,490
Net Change in Cash	235	560	747	-1,744	-2,042	-1,498