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: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net revenues | $ 74,953 | 73,908 | 80,106 [1] |
| Cost of sales | 9,391 | 9,365 | 10,436 |
| Excise taxes on products | 48,268 | 47,114 | 50,339 |
| Gross profit | 17,294 | 17,429 | 19,331 |
| Marketing, administration and research costs | 6,405 | 6,656 | 7,001 |
| Asset impairment and exit costs | 0 | 68 | 535 |
| Amortization of intangibles | 74 | 82 | 93 |
| Operating income | 10,815 | 10,623 | 11,702 |
| Interest expense, net | 891 | 1,008 | 1,052 |
| Earnings before income taxes | 9,924 | 9,615 | 10,650 |
| Provision for income taxes | 2,768 | 2,688 | 3,097 |
| Equity (income)/loss in unconsolidated subsidiaries, net | (94) | (105) | (105) |
| Net earnings | 7,250 | 7,032 | 7,658 |
| Net earnings attributable to noncontrolling interests | 283 | 159 | 165 |
| Net earnings attributable to PMI | 6,967 | 6,873 | 7,493 |
| Per share data: | |||
| Basic earnings per share (in dollars per share) | 4.48 | 4.42 | 4.76 |
| Diluted earnings per share (in dollars per share) | 4.48 | 4.42 | 4.76 |
| [1] Total net revenues attributable to customers located in Indonesia, PMIs largest market in terms of net revenues, were $7.7 billion, $7.1 billion and $7.2 billion for the years ended December 31, 2016, 2015 and 2014, respectively. Total net revenues attributable to customers located in Germany were $7.1 billion, $7.2 billion and $8.3 billion for the years ended December 31, 2016, 2015 and 2014, respectively. | |||
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2016 | |
| 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 |