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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 3,207 | 4,496 |
| Trade receivables (less allowances of $42 in 2022 and $70 in 2021) (1) | 3,850 [1] | 3,123 |
| Other receivables (less allowances of $32 in 2022 and $36 in 2021) | 906 | 817 |
| Inventories: | ||
| Leaf tobacco | 1,674 | 1,642 |
| Other raw materials | 2,028 | 1,652 |
| Finished product | 6,184 | 5,426 |
| Total inventory, net | 9,886 | 8,720 |
| Other current assets (Note 3) | 1,770 | 561 |
| Total current assets | 19,619 | 17,717 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 545 | 565 |
| Buildings and building equipment | 4,291 | 4,293 |
| Machinery and equipment | 9,549 | 9,275 |
| Construction in progress | 1,058 | 599 |
| Property plant and equipment, gross | 15,443 | 14,732 |
| Less: accumulated depreciation | 8,733 | 8,564 |
| Property plant and equipment, net | 6,710 | 6,168 |
| Goodwill (Note 5) | 19,655 | 6,680 |
| Other intangible assets, net (Note 5) | 6,732 | 2,818 |
| Equity investments (Note 6) | 4,431 | 4,463 |
| Deferred income taxes | 603 | 895 |
| Other assets (less allowances of $20 in 2022 and $21 in 2021) (Note 3) | 3,931 | 2,549 |
| Total Assets | 61,681 | 41,290 |
| Liabilities | ||
| Short-term borrowings (Note 8) | 5,637 | 225 |
| Current portion of long-term debt (Note 8) | 2,611 | 2,798 |
| Accounts payable | 4,076 | 3,331 |
| Accrued liabilities: | ||
| Marketing and selling | 695 | 811 |
| Taxes, except income taxes | 7,440 | 6,324 |
| Employment costs | 1,168 | 1,146 |
| Dividends payable | 1,990 | 1,958 |
| Other | 2,679 | 1,637 |
| Income taxes (Note 12) | 1,040 | 1,025 |
| Total current liabilities | 27,336 | 19,255 |
| Long-term debt (Note 8) | 34,875 | 24,783 |
| Deferred income taxes | 1,956 | 726 |
| Employment costs | 1,984 | 2,968 |
| Income taxes and other liabilities (Note 12) | 1,841 | 1,766 |
| Total liabilities | 67,992 | 49,498 |
| Contingencies (Note 18) | ||
| Stockholders (Deficit) Equity | ||
| Common stock, no par value (2,109,316,331 shares issued in 2022 and 2021) (Note 9) | 0 | 0 |
| Additional paid-in capital | 2,230 | 2,225 |
| Earnings reinvested in the business | 34,289 | 33,082 |
| Accumulated other comprehensive losses (Note 17) | (9,559) | (9,577) |
| Total stockholders' equity before treasury stock | 26,960 | 25,730 |
| Less: cost of repurchased stock (559,098,620 and 559,146,338 shares in 2022 and 2021, respectively) | 35,917 | 35,836 |
| Total PMI stockholders deficit | (8,957) | (10,106) |
| Noncontrolling interests | 2,646 | 1,898 |
| Total stockholders deficit | (6,311) | (8,208) |
| Total Liabilities and Stockholders (Deficit) Equity | 61,681 | 41,290 |
| [1] (1) Includes trade receivables from related parties of $688 million and $518 million as of December 31, 2022, and 2021, respectively (less allowances of $7 million in 2022 and $1 million in 2021). For further details, see Note 6. Related Parties - Equity Investments and Other. | ||
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2022 | |
| 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 |