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: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 6,593 | 8,447 |
| Trade receivables (less allowances of $25 in 2018 and $25 in 2017) | 2,950 | 3,194 |
| Other receivables | 614 | 544 |
| Inventories: | ||
| Leaf tobacco | 2,318 | 2,606 |
| Other raw materials | 1,405 | 1,563 |
| Finished product | 5,081 | 4,637 |
| Total inventory, net | 8,804 | 8,806 |
| Other current assets | 481 | 603 |
| Total current assets | 19,442 | 21,594 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 600 | 639 |
| Buildings and building equipment | 3,975 | 3,989 |
| Machinery and equipment | 9,096 | 8,976 |
| Construction in progress | 886 | 962 |
| Total property, plant and equipment, at cost | 14,557 | 14,566 |
| Less: accumulated depreciation | 7,356 | 7,295 |
| Total property, plant and equipment, net | 7,201 | 7,271 |
| Goodwill (Note 3) | 7,189 | 7,666 |
| Other intangible assets, net (Note 3) | 2,278 | 2,432 |
| Investments in unconsolidated subsidiaries and equity securities (Notes 4 & 16 ) | 1,269 | 1,074 |
| Deferred income taxes | 977 | 1,007 |
| Other assets | 1,445 | 1,924 |
| Total Assets | 39,801 | 42,968 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 730 | 499 |
| Current portion of long-term debt (Note 7) | 4,054 | 2,506 |
| Accounts payable | 2,068 | 2,242 |
| Accrued liabilities: | ||
| Marketing and selling | 732 | 708 |
| Taxes, except income taxes | 5,088 | 5,324 |
| Employment costs | 794 | 856 |
| Dividends payable | 1,783 | 1,669 |
| Other | 1,366 | 1,346 |
| Income taxes (Note 11) | 576 | 812 |
| Total current liabilities | 17,191 | 15,962 |
| Long-term debt (Note 7) | 26,975 | 31,334 |
| Deferred income taxes | 898 | 799 |
| Employment costs | 3,083 | 2,271 |
| Income taxes and other liabilities (Note 11) | 2,393 | 2,832 |
| Total liabilities | 50,540 | 53,198 |
| Contingencies (Note 18) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2018 and 2017) | 0 | 0 |
| Additional paid-in capital | 1,939 | 1,972 |
| Earnings reinvested in the business | 31,014 | 29,859 |
| Accumulated other comprehensive losses | (10,111) | (8,535) |
| Total stockholders' equity before treasury stock | 22,842 | 23,296 |
| Less: cost of repurchased stock (554,736,610 and 556,098,569 shares in 2018 and 2017, respectively) | 35,301 | 35,382 |
| Total PMI stockholders deficit | (12,459) | (12,086) |
| Noncontrolling interests | 1,720 | 1,856 |
| Total stockholders deficit | (10,739) | (10,230) |
| Total Liabilities and Stockholders (Deficit) Equity | 39,801 | 42,968 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2018 | |
| 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 |