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: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Cash and cash equivalents | $ 2,550 | 1,703 |
| Receivables (less allowances of $45 in 2011 and $56 in 2010) | 3,201 | 3,009 |
| Inventories: | ||
| Leaf tobacco | 3,463 | 4,026 |
| Other raw materials | 1,185 | 1,314 |
| Finished product | 3,472 | 2,977 |
| Total inventory, net | 8,120 | 8,317 |
| Deferred income taxes | 397 | 371 |
| Other current assets | 591 | 356 |
| Total current assets | 14,859 | 13,756 |
| Land and land improvements | 692 | 703 |
| Buildings and building equipment | 3,738 | 3,720 |
| Machinery and equipment | 7,880 | 7,857 |
| Construction in progress | 603 | 479 |
| Total property, plant and equipment, at cost | 12,913 | 12,759 |
| Less: accumulated depreciation | 6,663 | 6,260 |
| Total property, plant and equipment, net | 6,250 | 6,499 |
| Goodwill | 9,928 | 10,161 |
| Other intangible assets, net | 3,697 | 3,873 |
| Other assets | 754 | 761 |
| TOTAL ASSETS | 35,488 | 35,050 |
| LIABILITIES | ||
| Short-term borrowings | 1,511 | 1,747 |
| Current portion of long-term debt | 2,206 | 1,385 |
| Accounts payable | 1,031 | 835 |
| Accrued liabilities: | ||
| Marketing and selling | 519 | 393 |
| Taxes, except income taxes | 5,346 | 4,884 |
| Employment costs | 894 | 739 |
| Dividends payable | 1,341 | 1,162 |
| Other | 873 | 920 |
| Income taxes | 897 | 601 |
| Deferred income taxes | 176 | 138 |
| Total current liabilities | 14,794 | 12,804 |
| Long-term debt | 14,828 | 13,370 |
| Deferred income taxes | 1,976 | 2,027 |
| Employment costs | 1,665 | 1,261 |
| Other liabilities | 462 | 467 |
| Total liabilities | 33,725 | 29,929 |
| Contingencies (Note 21) | ||
| Redeemable noncontrolling interests (Note 6) | 1,212 | 1,188 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, no par value (2,109,316,331 shares issued in 2011 and 2010) | ||
| Additional paid-in capital | 1,235 | 1,225 |
| Earnings reinvested in the business | 21,757 | 18,133 |
| Accumulated other comprehensive losses | (2,863) | (1,140) |
| Total stockholders' equity before treasury stock | 20,129 | 18,218 |
| Less: cost of repurchased stock (383,407,665 and 307,532,841 shares in 2011 and 2010, respectively) | 19,900 | 14,712 |
| Total PMI stockholders' equity | 229 | 3,506 |
| Noncontrolling interests | 322 | 427 |
| Total stockholders' equity | 551 | 3,933 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 35,488 | 35,050 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2011 | |
| 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 |