Procter & Gamble’s Cash Flow History
Let’s first take a bird’s eye view of Procter & Gamble’s (PG) financial history, for the uninitiated. Procter & Gamble is a dividend aristocrat brand holding company, focusing on consumer staple brands. You might be familiar with such brands as Pampers, Tide, Bounty, Charmin, Always, Head & Shoulders, Old Spice, Dawn, Febreeze, etc. The figures below were extracted from PG's 10-K filings:
Green & Orange: Major cash inflows into P&G are operating cash flow as well as proceeds from the exercise of stock options. Let’s focus on