Dollars in Millions Except Per Share Amounts

Consolidated Statements of Income

For the years ended December 31,

2021 2020 2021 2020

Net sales $ 17,421 $ 16,471 100.00% 100.00%

Cost of sales 7,046 6,454 40.45% 39.18% Podemos observar una baja en las utilidadees de
Gross profit 10,375 10,017 59.55% 60.82% Colgate-Palmolive company, aunque las ventas
netas en el año 2021 sean mayores a las ventas del
2020, los porcentajes muestran una alta en el area
Selling, general and administrative expenses 6,407 6,019 36.78% 36.54% de los gastos de operación en el año 2021 y esto
Other (income) expense, net 65 113 0.37% 0.69% afecta a la utilidad, ya que en el año 202 los gastos
Goodwill and indefinite-lived intangible impairment charges 571 - 3.28% 0.00% fueron menores.
Operating profit 3,332 3,885 19.13% 23.59%
Non-service related postretirement costs 70 74 0.40% 0.45%
Interest (income) expense, net 175 164 1.00% 1.00%
Income before income taxes 3,087 3,647 17.72% 22.14%

Provision for income taxes 749 787 4.30% 4.78%

Net income including noncontrolling interests 2,338 2,860 13.42% 17.36%

Less: Net income attributable to noncontrolling interests 172 165 0.99% 1.00%
Net income attributable to Colgate-Palmolive Company $ 2,166 $ 2,695 12.43% 16.36%

Earnings per common share, basic $ 2.56 $ 3.15

Earnings per common share, diluted $ 2.55 $ 3.14

See Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K.

LINK: https://investor.colgatepalmolive.com/financial-information/annual-reports
Dollars in Millions Except Share and Per Share Amounts

Consolidated Balance Sheets

As of December 31,

2021 2020 2021 2020

Assets
Current Assets
Cash and cash equivalents $ 832 $ 888 5.53% 5.58% Colgate-palmolive company tiene una gran cifra en
Receivables (net of allowances of $78 and $89, pasivos, haciendo esto que la empresa no sea rentable
ni tenga liquidez, sobre todo el en año 2021, que a
respectively) 1,297 1,264 8.62% 7.94% pesar de que bajaran los pasivos los activos tambien y
Inventories 1,692 1,673 11.25% 10.51% no tienen manera de recuperacion
Other current assets 576 513 3.83% 3.22%
Total current assets 4,397 4,338

Property, plant and equipment, net 3,730 3,716 24.80% 23.34%

Goodwill 3,284 3,824 21.84% 24.02%
Other intangible assets, net 2,462 2,894 16.37% 18.18%
Deferred income taxes 193 291 1.28% 1.83%
Other assets 974 857 6.48% 5.38%
Total assets $ 15,040 $ 15,920 100.00% 100.00%

Liabilities and Shareholders’ Equity

Current Liabilities
Notes and loans payable $ 39 $ 258 0.26% 1.62%
Current portion of long-term debt 12 9 0.08% 0.06%
Accounts payable 1,479 1,393 9.83% 8.75%
Accrued income taxes 436 403 2.90% 2.53%
Other accruals 2,085 2,341 13.86% 14.70%
Total current liabilities 4,051 4,404 26.93% 27.66%

Long-term debt 7,194 7,334 47.83% 46.07%

Deferred income taxes 395 426 2.63% 2.68%
Other liabilities 2,429 2,655 16.15% 16.68%
Total liabilities 14,069 14,819 66.61% 65.42%
93.54% 93.08%
Commitments and contingent liabilities - -

Shareholders’ Equity
Common stock, $1 par value
(2,000,000,000 shares authorized, 1,465,706,360 shares issued) 1,466 1,466 9.75% 9.21%

Additional paid-in capital 3,269 2,969 21.74% 18.65%

Retained earnings 24,350 23,699 161.90% 148.86%
Accumulated other comprehensive income (loss) (4,386) (4,345) -29.16% -27.29%
Unearned compensation (1) (1) -0.01% -0.01%
Treasury stock, at cost (24,089) (23,045) -160.17% -144.76%
Total Colgate-Palmolive Company shareholders’ equity 609 743
Noncontrolling interests 362 358 2.41% 2.25%
Total equity 971 1,101
Total liabilities and equity $ 15,040 $ 15,920 6.46% 6.92%
100.00% 100.00%

See Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K.
Dollars in Millions

Consolidated Statements of Cash Flow

For the years ended December 31,

2020 2020 2019

Operating Activities
Net income including noncontrolling interests $ 2,338 $ 2,860 $ 2,527
Adjustments to reconcile net income including noncontrolling interests
to net cash provided by operations:
Depreciation and amortization 556 539 519
Restructuring and termination benefits, net of cash (21) (71) 18
Stock-based compensation expense 135 107 100
Goodwill and indefinite-lived intangible impairment charges 571 - -
Loss on early extinguishment of debt 75 23 -
Deferred income taxes (132) (120) 17
Voluntary benefit plan contributions - - (113)
Cash effects of changes in:
Receivables (84) 138 19
Inventories (72) (251) (77)
Accounts payable and other accruals 14 520 36
Other non-current assets and liabilities (55) (26) 87
Net cash provided by operations 3,325 3,719 3,133

Investing Activities
Capital expenditures (567) (410) (335)
Purchases of marketable securities and investments (141) (143) (184)
Proceeds from sale of marketable securities and investments 141 124 131
Payment for acquisitions, net of cash acquired - (353) (1,711)
Other (25) 3 -
Net cash used in investing activities (592) (779) (2,099)

Financing Activities
Short-term borrowing/(repayment) less than 90 days - net (171) 488 296
Principal payments on debt (1) (703) (1,085) (1,441)
Proceeds from issuance of debt 699 - 2,578
Dividends paid (1,679) (1,654) (1,614)
Purchases of treasury shares (1,320) (1,476) (1,202)
Proceeds from exercise of stock options 424 874 498
Purchases of non-controlling interest in subsidiaries - (99) -
Other financing activities (24) 33 15
Net cash used in financing activities (2,774) (2,919) (870)

Effect of exchange rate changes on Cash and cash equivalents (15) (16) (7)
Net increase (decrease) in Cash and cash equivalents (56) 5 157

Cash and cash equivalents at beginning of year 888 883 726

Cash and cash equivalents at end of year $ 832 $ 888 $ 883

Supplemental Cash Flow Information

Income taxes paid $ 890 $ 845 $ 803

Interest paid $ 194 $ 188 $ 185

(1) For the year ended December 31, 2021 and 2020, Principal payments on debt includes cash charges of $75 and $20,
respectively, related to the extinguishment of debt prior to maturity. See Note 6, Long-Term Debt and Credit Facilities
for additional information.

See Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K.