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: 2022 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues including excise taxes (includes $8,269 in 2022, $7,822 in 2021 and $7,572 in 2020 from related parties) | $ 80,669 | 82,223 | 76,047 |
| Excise taxes on products | 48,907 | 50,818 | 47,353 |
| Net revenues (includes $3,658 in 2022, $3,330 in 2021 and $3,233 in 2020 from related parties) (Note 18) | 31,762 | 31,405 | 28,694 |
| Cost of sales (Notes 4 & 5) | 11,402 | 10,030 | 9,569 |
| Gross profit | 20,360 | 21,375 | 19,125 |
| Marketing, administration and research costs (Notes 3, 4, 5, 13 & 20) | 8,114 | 8,400 | 7,457 |
| Operating income | 12,246 | 12,975 | 11,668 |
| Interest expense, net (Note 15) | 588 | 628 | 618 |
| Pension and other employee benefit costs (Note 14) | 24 | 115 | 97 |
| Earnings before income taxes | 11,634 | 12,232 | 10,953 |
| Provision for income taxes (Note 12) | 2,244 | 2,671 | 2,377 |
| Equity investments and securities (income)/loss, net | (137) | (149) | (16) |
| Net earnings | 9,527 | 9,710 | 8,592 |
| Net earnings attributable to noncontrolling interests | 479 | 601 | 536 |
| Net earnings attributable to PMI | 9,048 | 9,109 | 8,056 |
| Per share data (Note 11): | |||
| Basic earnings per share (in dollars per share) | 5.82 | 5.83 | 5.16 |
| Diluted earnings per share (in dollars per share) | 5.81 | 5.83 | 5.16 |
| External Links | |
| PHILIP MORRIS INTERNATIONAL INC. (PM) Fiscal Year 2022 | |
| 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 |