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: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and cash equivalents | $ 4,239 | 3,417 |
| Receivables (less allowances of $42 in 2016 and $58 in 2015) | 3,499 | 2,778 |
| Inventories: | ||
| Leaf tobacco | 2,498 | 2,640 |
| Other raw materials | 1,569 | 1,613 |
| Finished product | 4,950 | 4,220 |
| Total inventory, net | 9,017 | 8,473 |
| Deferred income taxes | 488 | |
| Other current assets | 853 | 648 |
| Total current assets | 17,608 | 15,804 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 590 | 583 |
| Buildings and building equipment | 3,474 | 3,361 |
| Machinery and equipment | 7,366 | 6,978 |
| Construction in progress | 930 | 845 |
| Total property, plant and equipment, at cost | 12,360 | 11,767 |
| Less: accumulated depreciation | 6,296 | 6,046 |
| Total property, plant and equipment, net | 6,064 | 5,721 |
| Goodwill | 7,324 | 7,415 |
| Other intangible assets, net | 2,470 | 2,623 |
| Investments in unconsolidated subsidiaries | 1,011 | 890 |
| Deferred income taxes | 859 | |
| Deferred income taxes | 360 | |
| Other assets | 1,515 | 1,143 |
| Total Assets | 36,851 | 33,956 |
| Liabilities | ||
| Short-term borrowings | 643 | 825 |
| Current portion of long-term debt | 2,573 | 2,405 |
| Accounts payable | 1,666 | 1,289 |
| Accrued liabilities: | ||
| Marketing and selling | 575 | 640 |
| Taxes, except income taxes | 6,204 | 5,121 |
| Employment costs | 800 | 903 |
| Dividends payable | 1,621 | 1,589 |
| Other | 1,553 | 1,438 |
| Income taxes | 832 | 970 |
| Deferred income taxes | 206 | |
| Total current liabilities | 16,467 | 15,386 |
| Long-term debt | 25,851 | 25,250 |
| Deferred income taxes | 1,897 | |
| Deferred income taxes | 1,543 | |
| Employment costs | 2,800 | 2,566 |
| Other liabilities | 736 | 687 |
| Total liabilities | 47,751 | 45,432 |
| Contingencies | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2016 and 2015) | 0 | 0 |
| Additional paid-in capital | 1,964 | 1,929 |
| Earnings reinvested in the business | 30,397 | 29,842 |
| Accumulated other comprehensive losses | (9,559) | (9,402) |
| Total stockholders' equity before treasury stock | 22,802 | 22,369 |
| Less: cost of repurchased stock (557,930,784 and 559,972,262 shares in 2016 and 2015, respectively) | 35,490 | 35,613 |
| Total PMI stockholders deficit | (12,688) | (13,244) |
| Noncontrolling interests | 1,788 | 1,768 |
| Total stockholders deficit | (10,900) | (11,476) |
| Total Liabilities and Stockholders (Deficit) Equity | 36,851 | 33,956 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2016 | |
| 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 |