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: 2021 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues including excise taxes | $ 82,223 | 76,047 | 77,921 |
| Excise taxes on products | 50,818 | 47,353 | 48,116 |
| Net revenues | 31,405 | 28,694 | 29,805 |
| Cost of sales | 10,030 | 9,569 | 10,513 |
| Gross profit | 21,375 | 19,125 | 19,292 |
| Marketing, administration and research costs (Notes 6, 12, 17, 19 & 20) | 8,304 | 7,384 | 8,695 |
| Amortization of intangibles | 96 | 73 | 66 |
| Operating income | 12,975 | 11,668 | 10,531 |
| Interest expense, net (Note 14) | 628 | 618 | 570 |
| Pension and other employee benefit costs (Note 13) | 115 | 97 | 89 |
| Earnings before income taxes | 12,232 | 10,953 | 9,872 |
| Provision for income taxes (Note 11) | 2,671 | 2,377 | 2,293 |
| Equity investments and securities (income)/loss, net | (149) | (16) | (149) |
| Net earnings | 9,710 | 8,592 | 7,728 |
| Net earnings attributable to noncontrolling interests | 601 | 536 | 543 |
| Net earnings attributable to PMI | 9,109 | 8,056 | 7,185 |
| Per share data (Note 10): | |||
| Basic earnings per share (in dollars per share) | 5.83 | 5.16 | 4.61 |
| Diluted earnings per share (in dollars per share) | 5.83 | 5.16 | 4.61 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2021 | |
| 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 |