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: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 1,682 | 2,154 |
| Receivables (less allowances of $50 in 2014 and $53 in 2013) | 4,004 | 3,853 |
| Inventories: | ||
| Leaf tobacco | 3,135 | 3,709 |
| Other raw materials | 1,696 | 1,596 |
| Finished product | 3,761 | 4,541 |
| Total inventory, net | 8,592 | 9,846 |
| Deferred income taxes | 533 | 502 |
| Other current assets | 673 | 497 |
| Total current assets | 15,484 | 16,852 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 639 | 671 |
| Buildings and building equipment | 3,620 | 4,013 |
| Machinery and equipment | 7,664 | 8,409 |
| Construction in progress | 836 | 864 |
| Total property, plant and equipment, at cost | 12,759 | 13,957 |
| Less: accumulated depreciation | 6,688 | 7,202 |
| Total property, plant and equipment, net | 6,071 | 6,755 |
| Goodwill (Note 3) | 8,388 | 8,893 |
| Other intangible assets, net (Note 3) | 2,985 | 3,193 |
| Investments in unconsolidated subsidiaries (Note 4) | 1,083 | 1,536 |
| Other assets | 1,176 | 939 |
| Total Assets | 35,187 | 38,168 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 1,208 | 2,400 |
| Current portion of long-term debt (Note 7) | 1,318 | 1,255 |
| Accounts payable | 1,242 | 1,274 |
| Accrued liabilities: | ||
| Marketing and selling | 549 | 503 |
| Taxes, except income taxes | 5,490 | 6,492 |
| Employment costs | 1,135 | 949 |
| Dividends payable | 1,559 | 1,507 |
| Other | 1,375 | 1,382 |
| Income taxes | 1,078 | 1,192 |
| Deferred income taxes | 158 | 112 |
| Total current liabilities | 15,112 | 17,066 |
| Long-term debt (Note 7) | 26,929 | 24,023 |
| Deferred income taxes | 1,549 | 1,477 |
| Employment costs | 2,202 | 1,313 |
| Other liabilities | 598 | 563 |
| Total liabilities | 46,390 | 44,442 |
| Contingencies (Note 21) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2014 and 2013) | 0 | 0 |
| Additional paid-in capital | 710 | 723 |
| Earnings reinvested in the business | 29,249 | 27,843 |
| Accumulated other comprehensive losses | (6,826) | (4,190) |
| Total stockholders' equity before treasury stock | 23,133 | 24,376 |
| Less: cost of repurchased stock (562,416,635 and 520,313,919 shares in 2014 and 2013, respectively) | 35,762 | 32,142 |
| Total PMI stockholders deficit | (12,629) | (7,766) |
| Noncontrolling interests | 1,426 | 1,492 |
| Total stockholders deficit | (11,203) | (6,274) |
| Total Liabilities and Stockholders (Deficit) Equity | 35,187 | 38,168 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2014 | |
| 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 |