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Philip Morris International Inc. logo

Philip Morris International Inc.

PM
Cigarettes
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance Sheet
Period
Annual Quarterly
Order
Unlock 14 years
Format
% Change
Rows
USD ($)
$ in Millions 		Dec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009
Assets
                 
Cash and cash equivalents
$ 4,872
$ 4,216
$ 3,060
Trade receivables (less allowances of $23 in 2025 and $47 in 2024)
4,572
3,789
3,461
Other receivables (less allowances of $24 in 2025 and $22 in 2024)
1,238
886
930
Inventories:
                 
Leaf tobacco
2,425
2,080
1,942
Other raw materials
2,223
2,261
2,293
Finished product
6,830
5,112
6,539
Total inventory, net
11,478
9,453
10,774
Deferred income taxes (Note 10)
1,247
940
814
Other current assets
2,203
1,826
1,530
Total current assets
24,363
20,170
19,755
Property, plant and equipment, at cost:
                 
Land and land improvements
562
581
550
Buildings and building equipment
5,050
4,391
4,617
Machinery and equipment
12,533
10,632
10,713
Construction in progress
1,471
1,081
1,200
Property plant and equipment, gross
19,616
16,685
17,080
Less: accumulated depreciation
11,219
9,375
9,564
Property plant and equipment, net
8,397
7,310
7,516
Goodwill (Note 4)
17,264
16,600
16,779
Other intangible assets, net (Note 4)
10,884
11,327
9,864
Equity investments (Note 5)
2,891
2,654
4,929
Investments in unconsolidated subsidiaries and equity securities (Notes 4 & 16)
-
-
-
Investments in unconsolidated subsidiaries
-
-
-
Other assets (less allowances of $12 in 2025 and $26 in 2024)
4,139
2,783
5,647
Total Assets
69,185
61,784
65,304
Liabilities
                 
Short-term borrowings (Note 6)
168
137
1,968
Current portion of long-term debt (Note 6)
3,533
3,392
4,698
Accounts payable
4,407
3,952
4,143
Accrued liabilities:
                 
Marketing and selling
1,354
1,015
862
Taxes, except income taxes
7,555
6,904
7,514
Employment costs
1,545
1,305
1,262
Dividends payable
2,312
2,120
2,041
Other
3,298
2,832
2,737
Income taxes
1,255
1,258
1,158
Deferred income taxes
-
-
-
Total current liabilities
25,427
22,915
26,383
Long-term debt (Note 6)
45,134
42,166
41,243
Deferred income taxes (Note 10)
2,065
2,517
2,335
Employment costs
2,406
2,940
3,046
Other liabilities
2,181
1,116
1,743
Total liabilities
77,213
71,654
74,750
Redeemable noncontrolling interest (Note 23)
-
-
-
Stockholders’ (Deficit) Equity
                 
Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) (Note 7)
0
0
0
Additional paid-in capital
2,453
2,335
2,285
Earnings reinvested in the business
35,400
32,869
34,090
Accumulated other comprehensive losses (Note 15)
(12,296)
(11,314)
(11,815)
Total stockholders' equity before treasury stock
25,557
23,890
24,560
Less: cost of repurchased stock (552,659,642 and 554,470,731 shares in 2025 and 2024, respectively)
35,551
35,640
35,785
Total PMI stockholders’ deficit
(9,994)
(11,750)
(11,225)
Noncontrolling interests
1,966
1,880
1,779
Total stockholders’ deficit
(8,028)
(9,870)
(9,446)
Total Liabilities and Stockholders’ (Deficit) Equity
$ 69,185
$ 61,784
$ 65,304