PFE · 10-Q · 2026Q2 · Full report
Operating Cash Flow Trends
PFIZER INC · 2026-08-04 · Importance 69 · Surprise 64 · No source text
Operating cash flow increased to $3.450 billion in the first six months of 2026 from $1.753 billion in the first six months of 2025. The $1.697 billion improvement was driven mainly by the timing of ordinary-course receipts and payments and changes in net income adjusted for non-cash items. Intangible asset impairment effects supported the increase, partially offset by the net gain on the ViiV investment sale.
Key facts
- Loss from continuing operations before provision/(benefit) for taxes in the second quarter of 2026 was $653 million, compared to income of $3.0 billion in the second quarter of 2025. source
- Six months cash provided by operating activities for the six months ended June 28, 2026: $3,450 million compared with $1,753 million for the six months ended June 29, 2025. source
- The change in operating cash flow was driven mainly by the timing of receipts and payments and a change in net income adjusted for non-cash items, including the impact of intangible asset impairments, partially offset by a net gain on the sale of our investment in ViiV. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -24.3% | Loss from continuing operations before provision/(benefit) for taxes in the second quarter of 2026 was $653 million, compared to income of… |
| cash | positive | realized | +0.8% | Six months cash provided by operating activities for the six months ended June 28, 2026: $3,450 million compared with $1,753 million for… |