10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PHILIP MORRIS INTERNATIONAL INC. | ||
Ticker: PM Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Cash and cash equivalents | $ 1,703 | 1,540 |
| Receivables (less allowances of $56 in 2010 and $33 in 2009) | 3,009 | 3,098 |
| Inventories: | ||
| Leaf tobacco | 4,026 | 4,183 |
| Other raw materials | 1,314 | 1,275 |
| Finished product | 2,977 | 3,749 |
| Total inventory, net | 8,317 | 9,207 |
| Deferred income taxes | 371 | 305 |
| Other current assets | 356 | 532 |
| Total current assets | 13,756 | 14,682 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 703 | 579 |
| Buildings and building equipment | 3,720 | 3,593 |
| Machinery and equipment | 7,857 | 7,591 |
| Construction in progress | 479 | 495 |
| Total property, plant and equipment, gross | 12,759 | 12,258 |
| Less: accumulated depreciation | 6,260 | 5,868 |
| Total property, plant and equipment, net | 6,499 | 6,390 |
| Goodwill | 10,161 | 9,112 |
| Other intangible assets, net | 3,873 | 3,546 |
| Other assets | 761 | 822 |
| TOTAL ASSETS | 35,050 | 34,552 |
| LIABILITIES | ||
| Short-term borrowings | 1,747 | 1,662 |
| Current portion of long-term debt | 1,385 | 82 |
| Accounts payable | 835 | 670 |
| Accrued liabilities: | ||
| Marketing and selling | 393 | 441 |
| Taxes, except income taxes | 4,884 | 4,824 |
| Employment costs | 739 | 752 |
| Dividends payable | 1,162 | 1,101 |
| Other | 920 | 955 |
| Income taxes | 601 | 500 |
| Deferred income taxes | 138 | 191 |
| Total current liabilities | 12,804 | 11,178 |
| Long-term debt | 13,370 | 13,672 |
| Deferred income taxes | 2,027 | 1,688 |
| Employment costs | 1,261 | 1,260 |
| Other liabilities | 467 | 609 |
| Total liabilities | 29,929 | 28,407 |
| Contingencies (Note 21) | ||
| Redeemable noncontrolling interests (Note 6) | 1,188 | |
| STOCKHOLDERS' EQUITY | ||
| Common stock, no par value (2,109,316,331 shares issued in 2010 and 2009) | ||
| Additional paid-in capital | 1,225 | 1,403 |
| Earnings reinvested in the business | 18,133 | 15,358 |
| Accumulated other comprehensive losses | (1,140) | (817) |
| Total stockholders' equity before treasury stock | 18,218 | 15,944 |
| Less: cost of repurchased stock (307,532,841 and 222,151,828 shares in 2010 and 2009, respectively) | 14,712 | 10,228 |
| Total PMI stockholders' equity | 3,506 | 5,716 |
| Noncontrolling interests | 427 | 429 |
| Total stockholders' equity | 3,933 | 6,145 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 35,050 | 34,552 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2010 | |
| 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 |