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: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 9, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 7,280 | 6,861 |
| Trade receivables (less allowances of $23 in 2020 and $20 in 2019) | 2,905 | 3,080 |
| Other receivables (less allowances of $38 in 2020 and $35 in 2019) | 856 | 637 |
| Inventories: | ||
| Leaf tobacco | 2,063 | 2,052 |
| Other raw materials | 1,712 | 1,596 |
| Finished product | 5,816 | 5,587 |
| Total inventory, net | 9,591 | 9,235 |
| Other current assets | 860 | 701 |
| Total current assets | 21,492 | 20,514 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 590 | 566 |
| Buildings and building equipment | 4,410 | 4,132 |
| Machinery and equipment | 9,460 | 9,354 |
| Construction in progress | 449 | 394 |
| Total property, plant and equipment, at cost | 14,909 | 14,446 |
| Less: accumulated depreciation | 8,544 | 7,815 |
| Total property, plant and equipment, net | 6,365 | 6,631 |
| Goodwill (Note 3) | 5,964 | 5,858 |
| Other intangible assets, net (Note 3) | 2,019 | 2,113 |
| Equity investments (Note 4) | 4,798 | 4,635 |
| Deferred income taxes | 1,410 | 1,153 |
| Other assets (less allowances of $22 in 2020 and $15 in 2019) | 2,767 | 1,971 |
| Total Assets | 44,815 | 42,875 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 244 | 338 |
| Current portion of long-term debt (Note 7) | 3,124 | 4,051 |
| Accounts payable | 2,780 | 2,299 |
| Accrued liabilities: | ||
| Marketing and selling | 782 | 666 |
| Taxes, except income taxes | 6,403 | 5,837 |
| Employment costs | 1,189 | 1,042 |
| Dividends payable | 1,880 | 1,831 |
| Other | 2,122 | 1,973 |
| Income taxes (Note 11) | 1,091 | 796 |
| Total current liabilities | 19,615 | 18,833 |
| Long-term debt (Note 7) | 28,168 | 26,656 |
| Deferred income taxes | 684 | 908 |
| Employment costs | 4,470 | 3,634 |
| Income taxes and other liabilities (Note 11) | 2,509 | 2,443 |
| Total liabilities | 55,446 | 52,474 |
| Contingencies (Note 17) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2020 and 2019) | 0 | 0 |
| Additional paid-in capital | 2,105 | 2,019 |
| Earnings reinvested in the business | 31,638 | 30,987 |
| Accumulated other comprehensive losses | (11,181) | (9,363) |
| Total stockholders' equity before treasury stock | 22,562 | 23,643 |
| Less: cost of repurchased stock (551,942,600 and 553,421,668 shares in 2020 and 2019, respectively) | 35,129 | 35,220 |
| Total PMI stockholders deficit | (12,567) | (11,577) |
| Noncontrolling interests | 1,936 | 1,978 |
| Total stockholders deficit | (10,631) | (9,599) |
| Total Liabilities and Stockholders (Deficit) Equity | 44,815 | 42,875 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2020 | |
| 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 |