10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2009 2010 2011 2012 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

PHILIP MORRIS INTERNATIONAL INC.

Ticker: PM   Fiscal Year: 2009

Statement Of Income

Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
Net revenues
$
62,080
63,64055,243
Cost of sales9,0229,3288,711
Excise taxes on products37,04537,93532,433
Gross profit16,01316,37714,099
 
Marketing, administration and research costs5,8706,0015,021
Asset impairment and exit costs2984208
Gain on sale of business00(52)
Amortization of intangibles744428
Operating income10,04010,2488,894
 
Interest expense, net79731110
Earnings before income taxes9,2439,9378,884
 
Provision for income taxes2,6912,7872,570
Net earnings6,5527,1506,314
 
Net earnings attributable to noncontrolling interests210260276
Net earnings attributable to PMI6,3426,8906,038
 
Per share data (Note 10):
Basic earnings per share3.253.322.86
Diluted earnings per share3.243.312.86
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

PHILIP MORRIS INTERNATIONAL INC.

Ticker: PM   Fiscal Year: 2009

Statement Of Cash Flows Indirect

Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net earnings
$
6,552
7,1506,314
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization853842748
Deferred income tax provision (benefit)1295(22)
Equity loss from RBH legal settlement01240
Colombian investment and cooperation agreement charge13500
Gain on sale of business00(52)
Asset impairment and exit costs, net of cash paid(27)(15)77
Cash effects of changes, net of the effects from acquired and divested companies:
Receivables, net(187)(25)(828)
Inventories660(914)(1,277)
Accounts payable(116)(90)47
Income taxes539219
Accrued liabilities and other current assets190857239
Pension plan contributions(558)(262)(95)
Changes in amounts due from Altria Group, Inc. and affiliates037(27)
Other248187207
Net cash provided by operating activities7,8847,9355,550
 
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
Capital expenditures(715)(1,099)(1,072)
Proceeds from sales of businesses0087
Purchase of businesses, net of acquired cash(429)(1,663)(1,519)
Other46(399)(82)
Net cash used in investing activities(1,098)(3,161)(2,586)
 
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
Net issuance (repayment) of short-term borrowings246(449)2,162
Long-term debt proceeds2,98711,8924,160
Long-term debt repaid(101)(5,736)(3,381)
Repurchases of common stock(5,625)(5,256)0
Issuance of common stock1771180
Changes in amounts due from Altria Group, Inc. and affiliates0664370
Dividends paid to Altria Group, Inc.0(3,019)(6,560)
Dividends paid to public stockholders(4,327)(2,060)0
Other(268)(332)(345)
Net cash used in financing activities(6,911)(4,178)(3,594)
 
Effect of exchange rate changes on cash and cash equivalents134(566)346
Cash and cash equivalents:
Increase (Decrease)930(284)
 
Balance at beginning of year1,5311,501
Balance at end of year1,5401,5311,501
 
Cash paid: Interest743499301
Income taxes2,5372,9982,215
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

PHILIP MORRIS INTERNATIONAL INC.

Ticker: PM   Fiscal Year: 2009

Statement Of Financial Position Classified

Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2009Dec 31, 2008
ASSETS
Cash and cash equivalents
$
1,540
1,531
Receivables (less allowances of $33 in 2009 and $14 in 2008)3,0982,848
Inventories:
Leaf tobacco4,1833,924
Other raw materials1,2751,137
Finished product3,7494,603
Inventory, Net, Total9,2079,664
 
Deferred income taxes305322
Other current assets532574
Total current assets14,68214,939
 
Property, plant and equipment, at cost:
Land and land improvements579547
Buildings and building equipment3,5933,351
Machinery and equipment7,5917,170
Construction in progress495632
Property, Plant and Equipment, Gross, Total12,25811,700
 
Less: accumulated depreciation5,8685,352
Property, Plant and Equipment, Net, Total6,3906,348
 
Goodwill9,1128,015
Other intangible assets, net3,5463,084
Other assets822586
TOTAL ASSETS34,55232,972
 
LIABILITIES
Short-term borrowings1,662375
Current portion of long-term debt82209
Accounts payable6701,013
Accrued liabilities:
Marketing441457
Taxes, except income taxes4,8244,502
Employment costs752665
Dividends payable1,1011,090
Other9551,167
Income taxes500488
Deferred income taxes191178
Total current liabilities11,17810,144
 
Long-term debt13,67211,377
Deferred income taxes1,6881,401
Employment costs1,2601,682
Other liabilities609464
Total liabilities28,40725,068
 
Contingencies (Note 21)  
STOCKHOLDERS' EQUITY
Common stock, no par value (2,109,316,331 shares issued in 2009 and 2008)00
Additional paid-in capital1,4031,581
Earnings reinvested in the business15,35813,354
Accumulated other comprehensive losses(817)(2,281)
Stockholders Equity Subtotal Before Treasury Stock, Total15,94412,654
 
Less: cost of repurchased stock (222,151,828 and 102,053,271 shares in 2009 and 2008, respectively)10,2285,154
Total PMI stockholders' equity5,7167,500
 
Noncontrolling interests429404
Total stockholders' equity6,1457,904
 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY34,55232,972
 
External Links 
PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2009
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip