10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PHILIP MORRIS INTERNATIONAL INC. | ||
Ticker: PM Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and cash equivalents | $ 8,447 | 4,239 |
| Receivables (less allowances of $30 in 2017 and $42 in 2016) | 3,738 | 3,499 |
| Inventories: | ||
| Leaf tobacco | 2,606 | 2,498 |
| Other raw materials | 1,563 | 1,569 |
| Finished product | 4,637 | 4,950 |
| Total inventory, net | 8,806 | 9,017 |
| Other current assets | 603 | 853 |
| Total current assets | 21,594 | 17,608 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 639 | 590 |
| Buildings and building equipment | 3,989 | 3,474 |
| Machinery and equipment | 8,976 | 7,366 |
| Construction in progress | 962 | 930 |
| Total property, plant and equipment, at cost | 14,566 | 12,360 |
| Less: accumulated depreciation | 7,295 | 6,296 |
| Total property, plant and equipment, net | 7,271 | 6,064 |
| Goodwill | 7,666 | 7,324 |
| Other intangible assets, net | 2,432 | 2,470 |
| Investments in unconsolidated subsidiaries | 1,074 | 1,011 |
| Deferred income taxes | 1,007 | 859 |
| Other assets | 1,924 | 1,515 |
| Total Assets | 42,968 | 36,851 |
| Liabilities | ||
| Short-term borrowings | 499 | 643 |
| Current portion of long-term debt | 2,506 | 2,573 |
| Accounts payable | 2,242 | 1,666 |
| Accrued liabilities: | ||
| Marketing and selling | 708 | 575 |
| Taxes, except income taxes | 5,324 | 6,204 |
| Employment costs | 856 | 800 |
| Dividends payable | 1,669 | 1,621 |
| Other | 1,346 | 1,553 |
| Income taxes | 812 | 832 |
| Total current liabilities | 15,962 | 16,467 |
| Long-term debt | 31,334 | 25,851 |
| Deferred income taxes | 799 | 1,897 |
| Employment costs | 2,271 | 2,800 |
| Income taxes and other liabilities | 2,832 | 736 |
| Total liabilities | 53,198 | 47,751 |
| Contingencies | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2017 and 2016) | 0 | 0 |
| Additional paid-in capital | 1,972 | 1,964 |
| Earnings reinvested in the business | 29,859 | 30,397 |
| Accumulated other comprehensive losses | (8,535) | (9,559) |
| Total stockholders' equity before treasury stock | 23,296 | 22,802 |
| Less: cost of repurchased stock (556,098,569 and 557,930,784 shares in 2017 and 2016, respectively) | 35,382 | 35,490 |
| Total PMI stockholders deficit | (12,086) | (12,688) |
| Noncontrolling interests | 1,856 | 1,788 |
| Total stockholders deficit | (10,230) | (10,900) |
| Total Liabilities and Stockholders (Deficit) Equity | 42,968 | 36,851 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2017 | |
| 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 |