10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PHILIP MORRIS INTERNATIONAL INC. | |||
Ticker: PM Fiscal Year: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues including excise taxes | $ 77,921 | 79,823 | 78,098 |
| Excise taxes on products | 48,116 | 50,198 | 49,350 |
| Net revenues | 29,805 | 29,625 | 28,748 |
| Cost of sales | 10,513 | 10,758 | 10,432 |
| Gross profit | 19,292 | 18,867 | 18,316 |
| Marketing, administration and research costs (Notes 18, 21 & 22) | 8,695 | 7,408 | 6,647 |
| Amortization of intangibles | 66 | 82 | 88 |
| Operating income | 10,531 | 11,377 | 11,581 |
| Interest expense, net (Note 14) | 570 | 665 | 914 |
| Pension and other employee benefit costs (Note 13) | 89 | 41 | 78 |
| Earnings before income taxes | 9,872 | 10,671 | 10,589 |
| Provision for income taxes (Note 11) | 2,293 | 2,445 | 4,307 |
| Equity investments and securities (income)/loss, net | (149) | (60) | (59) |
| Net earnings | 7,728 | 8,286 | 6,341 |
| Net earnings attributable to noncontrolling interests | 543 | 375 | 306 |
| Net earnings attributable to PMI | 7,185 | 7,911 | 6,035 |
| Per share data (Note 10): | |||
| Basic earnings per share (in dollars per share) | 4.61 | 5.08 | 3.88 |
| Diluted earnings per share (in dollars per share) | 4.61 | 5.08 | 3.88 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2019 | |
| 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 |