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: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 6,861 | 6,593 |
| Trade receivables (less allowances of $20 in 2019 and $25 in 2018) | 3,080 | 2,950 |
| Other receivables | 637 | 614 |
| Inventories: | ||
| Leaf tobacco | 2,052 | 2,318 |
| Other raw materials | 1,596 | 1,405 |
| Finished product | 5,587 | 5,081 |
| Total inventory, net | 9,235 | 8,804 |
| Other current assets | 701 | 481 |
| Total current assets | 20,514 | 19,442 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 566 | 600 |
| Buildings and building equipment | 4,132 | 3,975 |
| Machinery and equipment | 9,354 | 9,096 |
| Construction in progress | 394 | 886 |
| Total property, plant and equipment, at cost | 14,446 | 14,557 |
| Less: accumulated depreciation | 7,815 | 7,356 |
| Total property, plant and equipment, net | 6,631 | 7,201 |
| Goodwill (Note 3) | 5,858 | 7,189 |
| Other intangible assets, net (Note 3) | 2,113 | 2,278 |
| Investments in unconsolidated subsidiaries and equity securities (Notes 4 & 16) | 4,635 | 1,269 |
| Deferred income taxes | 1,153 | 977 |
| Other assets | 1,971 | 1,445 |
| Total Assets | 42,875 | 39,801 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 338 | 730 |
| Current portion of long-term debt (Note 7) | 4,051 | 4,054 |
| Accounts payable | 2,299 | 2,068 |
| Accrued liabilities: | ||
| Marketing and selling | 666 | 732 |
| Taxes, except income taxes | 5,837 | 5,088 |
| Employment costs | 1,042 | 794 |
| Dividends payable | 1,831 | 1,783 |
| Other | 1,973 | 1,366 |
| Income taxes (Note 11) | 796 | 576 |
| Total current liabilities | 18,833 | 17,191 |
| Long-term debt (Note 7) | 26,656 | 26,975 |
| Deferred income taxes | 908 | 898 |
| Employment costs | 3,634 | 3,083 |
| Income taxes and other liabilities (Note 11) | 2,443 | 2,393 |
| Total liabilities | 52,474 | 50,540 |
| Contingencies (Note 18) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2019 and 2018) | 0 | 0 |
| Additional paid-in capital | 2,019 | 1,939 |
| Earnings reinvested in the business | 30,987 | 31,014 |
| Accumulated other comprehensive losses | (9,363) | (10,111) |
| Total stockholders' equity before treasury stock | 23,643 | 22,842 |
| Less: cost of repurchased stock (553,421,668 and 554,736,610 shares in 2019 and 2018, respectively) | 35,220 | 35,301 |
| Total PMI stockholders deficit | (11,577) | (12,459) |
| Noncontrolling interests | 1,978 | 1,720 |
| Total stockholders deficit | (9,599) | (10,739) |
| Total Liabilities and Stockholders (Deficit) Equity | 42,875 | 39,801 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2019 | |
| 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 |