Generated with sparks and insights from 32 sources

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Introduction

  • Free Cash Flow (FCF) is calculated using the formula: FCF = Net Cash Provided by Operating Activities - Capital Expenditures.

  • For Pfizer, the Net Cash Provided by Operating Activities in 2022 was $29,267 million.

  • In 2021, the Net Cash Provided by Operating Activities was $32,580 million.

  • Capital Expenditures are not directly provided in the search results, but they are necessary to complete the FCF calculation.

  • Using the provided data, the FCF for 2022 and 2021 can be partially computed, but the exact Capital Expenditures need to be sourced from Pfizer's detailed financial statements.

Free Cash Flow Formula [1]

  • Definition: Free Cash Flow (FCF) represents the cash that a company generates after accounting for cash outflows to support operations and maintain its capital assets.

  • Formula: FCF = Net Cash Provided by Operating Activities - Capital Expenditures.

  • Importance: FCF is a key indicator of a company's financial health and its ability to generate cash after maintaining or expanding its asset base.

  • Usage: Investors and analysts use FCF to assess a company's profitability and efficiency in generating cash.

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Net Cash Provided by Operating Activities [2]

  • 2022: Pfizer's Net Cash Provided by Operating Activities was $29,267 million.

  • 2021: The Net Cash Provided by Operating Activities was $32,580 million.

  • Comparison: There was a decrease of approximately 10% in Net Cash Provided by Operating Activities from 2021 to 2022.

  • Significance: This metric indicates the cash generated from Pfizer's core business operations, excluding capital expenditures.

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Capital Expenditures [3]

  • Definition: Capital Expenditures (CapEx) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

  • Importance: CapEx is essential for maintaining and expanding the operational capacity of a company.

  • Calculation: To compute FCF accurately, CapEx must be subtracted from Net Cash Provided by Operating Activities.

  • Data Requirement: The exact CapEx figures for Pfizer in 2022 and 2021 are needed to complete the FCF calculation.

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Pfizer's Financial Performance [2]

  • Revenue: Pfizer's revenue in 2022 was $100,330 million, a 23% increase from 2021.

  • Net Income: Reported net income for 2022 was $31,372 million, up from $21,979 million in 2021.

  • Adjusted Income: Adjusted income for 2022 was $37,717 million, compared to $23,196 million in 2021.

  • EPS: Reported diluted EPS for 2022 was $5.47, an increase from $3.85 in 2021.

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Additional Financial Metrics [2]

  • Dividends: Pfizer paid $8,983 million in cash dividends in 2022, a slight increase from $8,729 million in 2021.

  • Top Products: COMIRNATY® generated $37,806 million in revenue, followed by PAXLOVID® with $18,933 million.

  • Operating Income: Pfizer's operating income and its changes over the years are crucial for understanding its financial health.

  • Growth Rate: The compound annual growth rate (CAGR) for Pfizer's operating income is projected to be 17% over the next three years.

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