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10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

PHILIP MORRIS INTERNATIONAL INC.

Ticker: PM   Fiscal Year: 2017

Consolidated Statements of Earnings

Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2017Dec 31, 2016Dec 31, 2015
Net revenues
$
78,098 [1]
74,95373,908
Cost of sales10,4329,3919,365
Excise taxes on products49,35048,26847,114
Gross profit18,31617,29417,429
 
Marketing, administration and research costs6,7256,4056,656
Asset impairment and exit costs0068
Amortization of intangibles887482
Operating income11,50310,81510,623
 
Interest expense, net9148911,008
Earnings before income taxes10,5899,9249,615
 
Provision for income taxes4,3072,7682,688
Equity (income)/loss in unconsolidated subsidiaries, net(59)(94)(105)
Net earnings6,3417,2507,032
 
Net earnings attributable to noncontrolling interests306283159
Net earnings attributable to PMI6,0356,9676,873
 
Per share data:
Basic earnings per share (in dollars per share)3.884.484.42
Diluted earnings per share (in dollars per share)3.884.484.42
[1] Total net revenues attributable to customers located in Indonesia, PMIs largest market in terms of net revenues, were $8.0 billion, $7.7 billion and $7.1 billion for the years ended December 31, 2017, 2016 and 2015, respectively. Total net revenues attributable to customers located in Germany were $7.2 billion, $7.1 billion and $7.2 billion for the years ended December 31, 2017, 2016 and 2015, respectively.
External Links 
PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2017
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