Before Invest
Philip Morris International Inc. logo

Philip Morris International Inc.

PM
Cigarettes
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
Export XLSX
Statement
Income StatementBalance Sheet
Period
Annual Quarterly
Order
Unlock 38 quarters
Format
% Change
Rows
USD ($)
$ in Millions 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Sep 30, 2012Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Mar 31, 2010Sep 30, 2009
ASSETS
                                                  
Cash and cash equivalents
$ 5,999
$ 5,450
$ 4,037
$ 4,138
$ 4,443
$ 4,258
$ 4,807
$ 3,968
$ 3,017
$ 3,492
$ 2,428
$ 5,368
Trade receivables (less allowances of $64 in 2026 and $23 in 2025)
5,179
5,120
4,796
4,994
4,880
4,239
4,240
4,188
3,891
4,110
3,642
3,862
Other receivables (less allowances of $24 in 2026 and $24 in 2025)
1,295
1,270
1,027
895
913
952
877
864
898
902
957
749
Inventories:
                                                  
Leaf tobacco
2,639
2,565
2,300
2,195
2,166
1,980
1,920
1,959
1,972
2,010
1,848
1,440
Other raw materials
2,629
2,473
2,702
2,815
2,631
2,368
2,359
2,162
2,198
2,367
2,276
1,712
Finished product
6,168
6,354
5,265
5,718
5,330
5,007
5,103
5,849
5,475
5,523
6,588
4,001
Total inventory, net
11,436
11,392
10,267
10,728
10,127
9,355
9,382
9,970
9,645
9,900
10,712
7,153
Deferred income taxes
1,137
1,197
1,057
1,111
1,287
1,012
918
950
577
574
585
682
Other current assets
2,097
2,370
2,538
2,609
1,833
1,992
1,722
1,884
1,742
1,432
1,832
1,903
Total current assets
26,006
25,602
22,665
23,364
22,196
20,796
21,028
20,874
19,193
19,836
19,571
19,035
Property, plant and equipment, at cost
19,556
19,452
19,186
18,999
17,428
17,512
16,736
16,545
15,893
16,195
15,777
13,845
Less: accumulated depreciation
11,243
11,193
11,071
10,956
9,896
9,964
9,472
9,344
9,010
9,204
8,989
8,235
Total property, plant and equipment, net
8,313
8,259
8,115
8,043
7,532
7,548
7,264
7,201
6,883
6,991
6,788
5,610
Goodwill (Note 5)
16,917
17,069
17,181
17,225
16,864
17,144
16,819
16,458
16,509
19,236
19,866
6,127
Other intangible assets, net (Note 5)
10,178
10,512
11,146
11,382
11,345
11,916
12,171
9,448
9,579
6,630
6,732
2,224
Equity investments (Note 13)
2,130
2,478
3,133
3,352
2,972
5,631
4,961
4,918
4,691
4,747
4,504
4,087
Investments in unconsolidated subsidiaries and equity securities (Notes 11&14)
-
-
-
-
-
-
-
-
-
-
-
-
Investments in unconsolidated subsidiaries
-
-
-
-
-
-
-
-
-
-
-
-
Other assets (less allowances of $11 in 2026 and $12 in 2025)
3,590
3,796
3,764
4,029
2,883
2,845
2,621
5,466
5,495
3,854
4,014
2,952
TOTAL ASSETS
68,271
68,913
67,061
68,506
65,079
66,892
65,782
65,315
62,927
61,868
62,060
40,717
LIABILITIES
                                                  
Short-term borrowings (Note 11)
3,341
5,693
1,880
2,540
4,438
152
139
279
2,149
4,121
4,803
2,818
Current portion of long-term debt (Note 11)
3,406
2,447
6,339
6,491
6,360
4,833
4,353
5,425
2,652
2,372
1,902
2,641
Accounts payable
3,919
3,927
3,978
3,870
3,749
3,511
3,591
3,648
3,533
3,786
3,945
3,342
Accrued liabilities:
                                                  
Marketing and selling
1,348
1,298
1,405
1,169
949
1,043
961
823
857
820
662
700
Taxes, except income taxes
6,572
5,105
5,332
6,361
5,640
6,594
6,826
5,799
5,853
5,939
5,133
5,001
Employment costs
1,293
1,227
1,402
1,252
1,016
1,235
1,052
925
1,131
1,023
939
968
Dividends payable
2,314
2,313
2,311
2,123
2,121
2,119
2,040
2,038
2,040
1,992
1,991
1,990
Other
3,273
3,121
3,237
3,556
2,491
2,820
2,453
2,409
2,250
2,348
2,675
2,268
Income taxes
1,076
1,091
835
786
1,323
1,059
1,001
822
1,082
844
935
1,044
Deferred income taxes
-
-
-
-
-
-
-
-
-
-
-
-
Total current liabilities
26,542
26,222
26,719
28,148
28,087
23,366
22,416
22,168
21,547
23,245
22,985
20,772
Long-term debt (Note 11)
42,366
43,808
41,863
42,431
38,781
44,237
44,647
44,683
42,914
41,400
40,416
21,762
Deferred income taxes
2,057
2,013
1,999
2,152
2,817
2,547
2,651
2,664
2,903
1,710
1,822
923
Employment costs
2,249
2,340
3,222
3,295
2,991
2,957
2,823
2,824
1,915
1,984
1,977
2,597
Other liabilities
1,714
1,830
2,242
2,492
1,329
1,498
1,187
1,539
1,354
1,489
1,913
2,066
Total liabilities
74,928
76,213
76,045
78,518
74,005
74,605
73,724
73,878
70,633
69,828
69,113
48,120
Redeemable noncontrolling interest (Note 7)
-
-
-
-
-
-
-
-
-
-
-
-
STOCKHOLDERS’ (DEFICIT) EQUITY
                                                  
Common stock, no par value (2,109,316,331 shares issued in 2026 and 2025)
0
0
0
0
0
0
0
0
0
0
0
0
Additional paid-in capital
2,477
2,433
2,400
2,364
2,326
2,283
2,249
2,205
2,253
2,240
2,188
2,204
Earnings reinvested in the business
36,055
35,538
35,557
34,376
33,447
35,556
34,582
34,208
33,919
33,893
34,303
33,865
Accumulated other comprehensive losses (Note 12)
(11,656)
(11,788)
(13,320)
(13,153)
(11,117)
(11,892)
(10,930)
(11,065)
(9,817)
(10,045)
(9,614)
(9,288)
Total stockholders' equity before treasury stock
26,876
26,183
24,637
23,587
24,656
25,947
25,901
25,348
26,355
26,088
26,877
26,781
Less: cost of repurchased stock (550,713,450 and 552,659,642 shares in 2026 and 2025, respectively)
35,459
35,462
35,551
35,553
35,557
35,641
35,645
35,657
35,788
35,791
35,801
35,918
Total PMI stockholders’ deficit
(8,583)
(9,279)
(10,914)
(11,966)
(10,901)
(9,694)
(9,744)
(10,309)
(9,433)
(9,703)
(8,924)
(9,137)
Noncontrolling interests
1,926
1,979
1,930
1,954
1,975
1,981
1,802
1,746
1,727
1,743
1,871
1,734
Total stockholders’ deficit
(6,657)
(7,300)
(8,984)
(10,012)
(8,926)
(7,713)
(7,942)
(8,563)
(7,706)
(7,960)
(7,053)
(7,403)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
$ 68,271
$ 68,913
$ 67,061
$ 68,506
$ 65,079
$ 66,892
$ 65,782
$ 65,315
$ 62,927
$ 61,868
$ 62,060
$ 40,717
Repurchased stock, shares (in shares)
-
-
-
-
-
-
-
-
-
-
-
-