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: 2014 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 20, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net revenues | $ 80,106 [1] | 80,029 | 77,393 |
| Cost of sales | 10,436 | 10,410 | 10,373 |
| Excise taxes on products | 50,339 | 48,812 | 46,016 |
| Gross profit | 19,331 | 20,807 | 21,004 |
| Marketing, administration and research costs | 7,001 | 6,890 | 6,961 |
| Asset impairment and exit costs (Note 5) | 535 | 309 | 83 |
| Amortization of intangibles | 93 | 93 | 97 |
| Operating income | 11,702 | 13,515 | 13,863 |
| Interest expense, net (Note 14) | 1,052 | 973 | 859 |
| Earnings before income taxes | 10,650 | 12,542 | 13,004 |
| Provision for income taxes | 3,097 | 3,670 | 3,833 |
| Equity (income)/loss in unconsolidated subsidiaries, net | (105) | 22 | 17 |
| Net earnings | 7,658 | 8,850 | 9,154 |
| Net earnings attributable to noncontrolling interests | 165 | 274 | 354 |
| Net earnings attributable to PMI | 7,493 | 8,576 | 8,800 |
| Per share data (Note 10): | |||
| Basic earnings per share (in dollars per share) | 4.76 | 5.26 | 5.17 |
| Diluted earnings per share (in dollars per share) | 4.76 | 5.26 | 5.17 |
| [1] Total net revenues attributable to customers located in Germany, PMIs largest market in terms of net revenues, were $8.3 billion, $7.8 billion and $7.7 billion for the years ended December 31, 2014, 2013 and 2012, respectively. | |||
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2014 | |
| 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 |