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: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 4,496 | 7,280 |
| Trade receivables (less allowances of $70 in 2021 and $23 in 2020) | 3,123 | 2,905 |
| Other receivables (less allowances of $36 in 2021 and $38 in 2020) | 817 | 856 |
| Inventories: | ||
| Leaf tobacco | 1,642 | 2,063 |
| Other raw materials | 1,652 | 1,712 |
| Finished product | 5,426 | 5,816 |
| Total inventory, net | 8,720 | 9,591 |
| Other current assets | 561 | 860 |
| Total current assets | 17,717 | 21,492 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 565 | 590 |
| Buildings and building equipment | 4,293 | 4,410 |
| Machinery and equipment | 9,275 | 9,460 |
| Construction in progress | 599 | 449 |
| Property plant and equipment, gross | 14,732 | 14,909 |
| Less: accumulated depreciation | 8,564 | 8,544 |
| Property plant and equipment, net | 6,168 | 6,365 |
| Goodwill (Note 3) | 6,680 | 5,964 |
| Other intangible assets, net (Note 3) | 2,818 | 2,019 |
| Equity investments (Note 4) | 4,463 | 4,798 |
| Deferred income taxes | 895 | 1,410 |
| Other assets (less allowances of $21 in 2021 and $22 in 2020) | 2,549 | 2,767 |
| Total Assets | 41,290 | 44,815 |
| Liabilities | ||
| Short-term borrowings (Note 7) | 225 | 244 |
| Current portion of long-term debt (Note 7) | 2,798 | 3,124 |
| Accounts payable | 3,331 | 2,780 |
| Accrued liabilities: | ||
| Marketing and selling | 811 | 782 |
| Taxes, except income taxes | 6,324 | 6,403 |
| Employment costs | 1,146 | 1,189 |
| Dividends payable | 1,958 | 1,880 |
| Other | 1,637 | 2,122 |
| Income taxes (Note 11) | 1,025 | 1,091 |
| Total current liabilities | 19,255 | 19,615 |
| Long-term debt (Note 7) | 24,783 | 28,168 |
| Deferred income taxes | 726 | 684 |
| Employment costs | 2,968 | 4,470 |
| Income taxes and other liabilities (Note 11) | 1,766 | 2,509 |
| Total liabilities | 49,498 | 55,446 |
| Contingencies (Note 17) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2021 and 2020) | 0 | 0 |
| Additional paid-in capital | 2,225 | 2,105 |
| Earnings reinvested in the business | 33,082 | 31,638 |
| Accumulated other comprehensive losses | (9,577) | (11,181) |
| Total stockholders' equity before treasury stock | 25,730 | 22,562 |
| Less: cost of repurchased stock (559,146,338 and 551,942,600 shares in 2021 and 2020, respectively) | 35,836 | 35,129 |
| Total PMI stockholders deficit | (10,106) | (12,567) |
| Noncontrolling interests | 1,898 | 1,936 |
| Total stockholders deficit | (8,208) | (10,631) |
| Total Liabilities and Stockholders (Deficit) Equity | 41,290 | 44,815 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2021 | |
| 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 |