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: 2013 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and cash equivalents | $ 2,154 | 2,983 |
| Receivables (less allowances of $53 in 2013 and $56 in 2012) | 3,853 | 3,589 |
| Inventories: | ||
| Leaf tobacco | 3,709 | 3,548 |
| Other raw materials | 1,596 | 1,610 |
| Finished product | 4,541 | 3,791 |
| Total inventory, net | 9,846 | 8,949 |
| Deferred income taxes | 502 | 450 |
| Other current assets | 497 | 619 |
| Total current assets | 16,852 | 16,590 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 671 | 708 |
| Buildings and building equipment | 4,013 | 3,948 |
| Machinery and equipment | 8,409 | 8,380 |
| Construction in progress | 864 | 843 |
| Total property, plant and equipment, at cost | 13,957 | 13,879 |
| Less: accumulated depreciation | 7,202 | 7,234 |
| Total property, plant and equipment, net | 6,755 | 6,645 |
| Goodwill (Note 3) | 8,893 | 9,900 |
| Other intangible assets, net (Note 3) | 3,193 | 3,619 |
| Investments in unconsolidated subsidiaries (Note 4) | 1,536 | 24 |
| Other assets | 939 | 892 |
| Total Assets | 38,168 | 37,670 |
| LIABILITIES | ||
| Short-term borrowings (Note 7) | 2,400 | 2,419 |
| Current portion of long-term debt (Note 7) | 1,255 | 2,781 |
| Accounts payable | 1,274 | 1,103 |
| Accrued liabilities: | ||
| Marketing and selling | 503 | 527 |
| Taxes, except income taxes | 6,492 | 5,350 |
| Employment costs | 949 | 896 |
| Dividends payable | 1,507 | 1,418 |
| Other | 1,382 | 952 |
| Income taxes | 1,192 | 1,456 |
| Deferred income taxes | 112 | 114 |
| Total current liabilities | 17,066 | 17,016 |
| Long-term debt (Note 7) | 24,023 | 17,639 |
| Deferred income taxes | 1,477 | 1,875 |
| Employment costs | 1,313 | 2,574 |
| Other liabilities | 563 | 419 |
| Total liabilities | 44,442 | 39,523 |
| Contingencies (Note 21) | ||
| Redeemable noncontrolling interest (Note 23) | 0 | 1,301 |
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2013 and 2012) | 0 | 0 |
| Additional paid-in capital | 723 | 1,334 |
| Earnings reinvested in the business | 27,843 | 25,076 |
| Accumulated other comprehensive losses | (4,190) | (3,604) |
| Total stockholders' equity before treasury stock | 24,376 | 22,806 |
| Less: cost of repurchased stock (520,313,919 and 455,703,347 shares in 2013 and 2012, respectively) | 32,142 | 26,282 |
| Total PMI stockholders deficit | (7,766) | (3,476) |
| Noncontrolling interests | 1,492 | 322 |
| Total stockholders deficit | (6,274) | (3,154) |
| Total Liabilities and Stockholders (Deficit) Equity | 38,168 | 37,670 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2013 | |
| 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 |