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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 9, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues including excise taxes | $ 76,047 | 77,921 | 79,823 |
| Excise taxes on products | 47,353 | 48,116 | 50,198 |
| Net revenues | 28,694 | 29,805 | 29,625 |
| Cost of sales | 9,569 | 10,513 | 10,758 |
| Gross profit | 19,125 | 19,292 | 18,867 |
| Marketing, administration and research costs (Notes 12, 17, 19 & 20) | 7,384 | 8,695 | 7,408 |
| Amortization of intangibles | 73 | 66 | 82 |
| Operating income | 11,668 | 10,531 | 11,377 |
| Interest expense, net (Note 14) | 618 | 570 | 665 |
| Pension and other employee benefit costs (Note 13) | 97 | 89 | 41 |
| Earnings before income taxes | 10,953 | 9,872 | 10,671 |
| Provision for income taxes (Note 11) | 2,377 | 2,293 | 2,445 |
| Equity investments and securities (income)/loss, net | (16) | (149) | (60) |
| Net earnings | 8,592 | 7,728 | 8,286 |
| Net earnings attributable to noncontrolling interests | 536 | 543 | 375 |
| Net earnings attributable to PMI | 8,056 | 7,185 | 7,911 |
| Per share data (Note 10): | |||
| Basic earnings per share (in dollars per share) | 5.16 | 4.61 | 5.08 |
| Diluted earnings per share (in dollars per share) | 5.16 | 4.61 | 5.08 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2020 | |
| 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 |