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  "documentTitle": "Pfizer Inc. (PFE)",
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  "presentationDate": "2024-10-01 00:00:00",
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  "notes": "The chart uses a visual annotation to highlight the incremental FCF in 2021 and 2022 relative to the 2020 baseline.",
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      "kind": "callout",
      "text": "The Company generated ~$40 billion in cumulative incremental free cash flow in 2021 and 2022.",
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      "text": "Source: Public company filings and Bloomberg. (1) Incremental cash flow calculated as annual free cash flow in 2021 and 2022 in excess of the free cash flow for 2020. (2) Excludes cash flow from discontinued operations.",
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      "text": "The Company's large COVID-19 related profits ultimately resulted in significant free cash flow generation.",
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      "kind": "title",
      "text": "By Itself, the Company's COVID Breakthroughs Should Have Created Substantial Value",
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