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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2006 |
Essay's paper body
Pfizer heavily relies on operating cash flow, short-term commercial borrowing and long-term debt to provide for its working capital needs, which includes R&D activities. The company's short-term and long-term investment comprise primarily of high-quality, liquid investment grade available for sale debt securities...
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Pfizer's third quarter financial statement states that as of October 1, 2006 its total debt was $8,069 million, with its long-term debt being $5,561 million and short-term borrowings adding to $2,508 million. Short-term borrowing was dramatically reduced by $9,000 million from last year due its reductions of short-term investments...
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