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: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and cash equivalents | $ 3,417 | 1,682 |
| Receivables (less allowances of $58 in 2015 and $50 in 2014) | 2,778 | 4,004 |
| Inventories: | ||
| Leaf tobacco | 2,640 | 3,135 |
| Other raw materials | 1,613 | 1,696 |
| Finished product | 4,220 | 3,761 |
| Total inventory, net | 8,473 | 8,592 |
| Deferred income taxes | 488 | 533 |
| Other current assets | 648 | 673 |
| Total current assets | 15,804 | 15,484 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 583 | 639 |
| Buildings and building equipment | 3,361 | 3,620 |
| Machinery and equipment | 6,978 | 7,664 |
| Construction in progress | 845 | 836 |
| Total property, plant and equipment, at cost | 11,767 | 12,759 |
| Less: accumulated depreciation | 6,046 | 6,688 |
| Total property, plant and equipment, net | 5,721 | 6,071 |
| Goodwill (Note 3) | 7,415 | 8,388 |
| Other intangible assets, net (Note 3) | 2,623 | 2,985 |
| Investments in unconsolidated subsidiaries (Note 4) | 890 | 1,083 |
| Other assets | 1,503 | 1,176 |
| Total Assets | 33,956 | 35,187 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 825 | 1,208 |
| Current portion of long-term debt (Note 7) | 2,405 | 1,318 |
| Accounts payable | 1,289 | 1,242 |
| Accrued liabilities: | ||
| Marketing and selling | 640 | 549 |
| Taxes, except income taxes | 5,121 | 5,490 |
| Employment costs | 903 | 1,135 |
| Dividends payable | 1,589 | 1,559 |
| Other | 1,438 | 1,375 |
| Income taxes | 970 | 1,078 |
| Deferred income taxes | 206 | 158 |
| Total current liabilities | 15,386 | 15,112 |
| Long-term debt (Note 7) | 25,250 | 26,929 |
| Deferred income taxes | 1,543 | 1,549 |
| Employment costs | 2,566 | 2,202 |
| Other liabilities | 687 | 598 |
| Total liabilities | 45,432 | 46,390 |
| Contingencies (Note 21) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2015 and 2014) | 0 | 0 |
| Additional paid-in capital | 1,929 | 710 |
| Earnings reinvested in the business | 29,842 | 29,249 |
| Accumulated other comprehensive losses | (9,402) | (6,826) |
| Total stockholders' equity before treasury stock | 22,369 | 23,133 |
| Less: cost of repurchased stock (559,972,262 and 562,416,635 shares in 2015 and 2014, respectively) | 35,613 | 35,762 |
| Total PMI stockholders deficit | (13,244) | (12,629) |
| Noncontrolling interests | 1,768 | 1,426 |
| Total stockholders deficit | (11,476) | (11,203) |
| Total Liabilities and Stockholders (Deficit) Equity | 33,956 | 35,187 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2015 | |
| 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 |