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: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 22, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and cash equivalents | $ 2,983 | 2,550 |
| Receivables (less allowances of $56 in 2012 and $45 in 2011) | 3,589 | 3,201 |
| Inventories: | ||
| Leaf tobacco | 3,548 | 3,463 |
| Other raw materials | 1,610 | 1,185 |
| Finished product | 3,791 | 3,472 |
| Total inventory, net | 8,949 | 8,120 |
| Deferred income taxes | 450 | 397 |
| Other current assets | 619 | 591 |
| Total current assets | 16,590 | 14,859 |
| Property, Plant and Equipment [Abstract] | ||
| Land and land improvements | 708 | 692 |
| Buildings and building equipment | 3,948 | 3,738 |
| Machinery and equipment | 8,380 | 7,880 |
| Construction in progress | 843 | 603 |
| Total property, plant and equipment, at cost | 13,879 | 12,913 |
| Less: accumulated depreciation | 7,234 | 6,663 |
| Total property, plant and equipment, net | 6,645 | 6,250 |
| Goodwill (Note 3) | 9,900 | 9,928 |
| Other intangible assets, net (Note 3) | 3,619 | 3,697 |
| Other assets | 916 | 754 |
| Total Assets | 37,670 | 35,488 |
| LIABILITIES | ||
| Short-term borrowings (Note 7) | 2,419 | 1,511 |
| Current portion of long-term debt (Note 7) | 2,781 | 2,206 |
| Accounts payable | 1,103 | 1,031 |
| Accrued liabilities: | ||
| Marketing and selling | 527 | 519 |
| Taxes, except income taxes | 5,350 | 5,346 |
| Employment costs | 896 | 894 |
| Dividends payable | 1,418 | 1,341 |
| Other | 952 | 873 |
| Income taxes | 1,456 | 897 |
| Deferred income taxes | 114 | 176 |
| Total current liabilities | 17,016 | 14,794 |
| Long-term debt (Note 7) | 17,639 | 14,828 |
| Deferred income taxes | 1,875 | 1,976 |
| Employment costs | 2,574 | 1,665 |
| Other liabilities | 419 | 462 |
| Total liabilities | 39,523 | 33,725 |
| Contingencies (Note 21) | ||
| Redeemable noncontrolling interest (Note 6) | 1,301 | 1,212 |
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2012 and 2011) | 0 | 0 |
| Additional paid-in capital | 1,334 | 1,235 |
| Earnings reinvested in the business | 25,076 | 21,757 |
| Accumulated other comprehensive losses | (3,604) | (2,863) |
| Total stockholders' equity before treasury stock | 22,806 | 20,129 |
| Less: cost of repurchased stock (455,703,347 and 383,407,665 shares in 2012 and 2011, respectively) | 26,282 | 19,900 |
| Total PMI stockholders (deficit) equity | (3,476) | 229 |
| Noncontrolling interests | 322 | 322 |
| Total stockholders (deficit) equity | (3,154) | 551 |
| Total Liabilities and Stockholders (Deficit) Equity | 37,670 | 35,488 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2012 | |
| 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 |