Philip Morris International Inc.

PM
Cigarettes
Last filing · Quarter 3 · Sep 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance SheetCash Flow
Period
Annual Quarterly
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Philip Morris International Inc. back to 2009, every line as filed.

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USD ($)
$ in Millions 		LTMDec 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
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
                  
Net earnings
$ 11,339
$ 11,848
$ 7,503
$ 8,268
Adjustments to reconcile net earnings to operating cash flows:
                  
Depreciation and amortization expense
2,055
1,996
1,787
1,398
Impairment of goodwill and other intangibles (Note 4)
-
41
27
680
Losses on sales of businesses (including held-for-sale) (Note 3)
94
94
206
-
Impairment related to the RBH equity investment (Note 5)
-
0
2,316
-
Depreciation and amortization
-
-
-
-
Deferred income tax (benefit) provision
(449)
(847)
(123)
(330)
Equity loss from RBH legal settlement
-
-
-
-
Colombian investment and cooperation agreement charge
-
-
-
-
Gain on sale of business
-
-
-
-
Restructuring charges, net of cash paid (Note 18)
(30)
206
122
30
Asset impairment and exit costs, net of cash paid
-
-
-
-
Cash effects of changes, net of the effects from acquired and divested companies:
                  
Receivables, net
(575)
(448)
(738)
314
Inventories
(220)
(1,201)
552
(862)
Accounts payable
146
258
297
(288)
Accrued liabilities and other current assets
436
(151)
628
(232)
Income taxes
460
(266)
(62)
(232)
Pension plan contributions (Note 12)
534
(139)
(110)
(21)
Pension plan contributions
-
-
-
-
Changes in amounts due from Altria Group, Inc. and affiliates
-
-
-
-
Other
853
842
(188)
479
Net cash provided by (used in) operating activities
15,154
12,233
12,217
9,204
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
                  
Capital expenditures
(1,559)
(1,569)
(1,444)
(1,321)
Other acquisitions, net of acquired cash (Note 3)
-
0
43
-
Altria Group, Inc. agreement (Note 3)
0
0
0
(1,775)
Proceeds from sales of businesses, net of cash disposed (Note 3)
-
30
136
-
Purchases of debt securities
-
(202)
-
-
Sales and maturities of debt securities
-
116
-
-
Payments to acquire businesses
-
-
-
-
Altria Group, Inc. agreement (Note 3)
-
-
-
-
Acquisitions, net of acquired cash (Note 6)
-
-
-
-
Equity investments
(60)
(63)
(124)
(111)
Collateral posted/settlements for derivatives, (paid)/returned (Note 14)
461
(2,274)
351
-
Investments in unconsolidated subsidiaries and equity securities
-
-
-
-
Deconsolidation of RBH (Note 20)
-
-
-
-
Net investment hedges and other derivatives (Note 16)
-
-
-
(660)
Other
59
(5)
(54)
269
Net cash provided by (used in) investing activities
(912)
(3,967)
(1,092)
(3,598)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
                  
Short-term borrowing activity by original maturity:
                  
Net issuances (repayments) - maturities of 90 days or less
193
19
(1,461)
530
Issuances - maturities longer than 90 days
1,659
170
100
1,366
Repayments - maturities longer than 90 days
(1,191)
(170)
(433)
(1,172)
Borrowings under credit facilities related to Swedish Match AB acquisition
-
-
0
0
Repayments under credit facilities related to Swedish Match AB acquisition
0
0
(3,168)
(4,430)
Net (repayment) issuance of short-term borrowings
-
-
-
-
Long-term debt proceeds
4,937
7,055
8,142
9,959
Long-term debt repaid
(7,639)
(5,368)
(4,803)
(2,551)
Repurchases of common stock
-
-
0
0
Issuances of common stock
-
-
-
-
Changes in amounts due from Altria Group, Inc. and affiliates
-
-
-
-
Dividends paid to Altria Group, Inc.
-
-
-
-
Dividends paid
(9,198)
(8,624)
(8,197)
(7,964)
Collateral received/settlements for derivatives, received/(returned)
390
(693)
828
-
Payments to acquire Swedish Match AB noncontrolling interests
0
0
0
(883)
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests (Note 6)
-
-
-
-
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests (Note 6)
-
-
-
-
Noncontrolling interests activity and Other
(552)
(521)
(489)
(437)
Net cash provided by (used in) financing activities
(11,401)
(8,132)
(9,481)
(5,582)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(196)
504
(536)
(95)
Cash, cash equivalents and restricted cash:
                  
Effect of exchange rate changes on cash and cash equivalents
-
-
-
-
Cash, cash equivalents and restricted cash:
                  
Increase (Decrease)
2,645
638
1,108
(71)
Increase
-
-
-
-
Cash Paid:
                  
Interest
1,688
1,688
1,559
1,342
Income taxes
$ 3,852
$ 3,852
$ 3,178
$ 2,952