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: 2013 | |||
CONSOLIDATED STATEMENTS OF EARNINGS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 21, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net revenues | $ 80,029 | 77,393 [1] | 76,346 |
| Cost of sales | 10,410 | 10,373 | 10,678 |
| Excise taxes on products | 48,812 | 46,016 | 45,249 |
| Gross profit | 20,807 | 21,004 | 20,419 |
| Marketing, administration and research costs | 6,890 | 6,961 | 6,870 |
| Asset impairment and exit costs (Note 5) | 309 | 83 | 109 |
| Amortization of intangibles | 93 | 97 | 98 |
| Operating income | 13,515 | 13,863 | 13,342 |
| Interest expense, net (Note 14) | 973 | 859 | 800 |
| Earnings before income taxes | 12,542 | 13,004 | 12,542 |
| Provision for income taxes | 3,670 | 3,833 | 3,653 |
| Equity (income)/loss in unconsolidated subsidiaries, net | 22 | 17 | 10 |
| Net earnings | 8,850 | 9,154 | 8,879 |
| Net earnings attributable to noncontrolling interests | 274 | 354 | 288 |
| Net earnings attributable to PMI | 8,576 | 8,800 | 8,591 |
| Per share data (Note 10): | |||
| Basic earnings per share (in dollars per share) | 5.26 | 5.17 | 4.85 |
| Diluted earnings per share (in dollars per share) | 5.26 | 5.17 | 4.85 |
| [1] Total net revenues attributable to customers located in Germany, PMIs largest market in terms of net revenues, were $7.8 billion, $7.7 billion and $8.1 billion for the years ended December 31, 2013, 2012 and 2011, respectively. | |||
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2013 | |
| 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 |