Philip Morris International Inc.

Cigarettes

Last filing · Quarter 3 · Sep 30, 2026

39 more quarters with Pro

Philip Morris International Inc. back to 2009, every line as filed.

USD ($) $ in Millions	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net earnings	$ 3,522	$ 2,985	$ 2,582	$ 3,613	$ 3,148	$ 2,837	$ 3,215	$ 2,528	$ 2,246	$ 2,171	$ 1,682	$ 2,102
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization expense	511	513	510	505	490	480	498	445	367	429	981	299
Impairment of goodwill (Note 5)	0	0	-	-	-	-	-	-	-	-	-	-
Impairment related to the RBH equity investment (Note 13)	-	511	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill and other intangibles (Note 5)	-	-	-	-	41	-	-	0	-	-	-	-
Impairment of other intangibles (Note 5)	-	-	-	-	-	0	-	-	27	-	-	-
Impairment related to Vectura Group's expected sale (Note 18)	-	-	-	-	-	-	198	-	-	-	-	-
Depreciation and amortization	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax (benefit) provision	(25)	57	(67)	(159)	(207)	(67)	(39)	(17)	76	245	(115)	(96)
Restructuring charges, net of cash paid (Note 15)	(5)	(12)	(3)	(23)	240	(1)	(2)	(12)	148	(50)	(17)	102
Asset impairment and exit costs, net of cash paid	-	-	-	-	-	-	-	-	-	-	-	-
Cash effects of changes, net of the effects from acquired and divested companies:
Receivables, net	(146)	(50)	(640)	71	102	(882)	(9)	(88)	(890)	25	(537)	245
Inventories	1,013	(69)	(11)	371	(94)	(325)	218	520	527	(107)	709	(783)
Accounts payable	144	33	(317)	133	(34)	(127)	(116)	36	(181)	(209)	(269)	(145)
Accrued liabilities and other current assets	(811)	1,653	(2,734)	(507)	465	(2,437)	(302)	1,456	(1,797)	681	1,102	(2,705)
Income taxes	362	(29)	(171)	47	(591)	(20)	88	(250)	(79)	308	(421)	(88)
Pension plan contributions, net of refunds (Note 4)	649	(37)	(30)	(29)	(25)	(37)	(26)	(21)	(34)	-	-	-
Pension plan contributions, net of refunds (Note 5)	-	-	-	-	-	-	-	-	-	(24)	(27)	(45)
Pension plan contributions, net of refunds (Note 5)	-	-	-	-	-	-	-	-	-	-	-	-
Other	138	(63)	482	440	(123)	229	(381)	35	(169)	(54)	354	159
Net cash provided by (used in) operating activities	5,352	5,492	(399)	4,462	3,412	(350)	3,342	4,632	241	3,415	3,442	(955)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
Capital expenditures	(382)	(380)	(353)	(365)	(356)	(404)	(379)	(370)	(417)	(371)	(360)	(279)
Proceeds from sale of businesses, net of cash disposed (Note 2)	-	87	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities	-	-	(5)	-	-	-	-	-	-	-	-	-
Sales and maturities of debt securities	-	98	95	-	-	-	-	-	-	-	-	-
Proceeds from sale of business, net of cash disposed (Note 2)	-	-	-	-	32	-	-	-	-	-	-	-
Acquisitions, net of acquired cash (Note 18)	-	-	-	-	-	-	-	44	-	-	-	-
Altria Group, Inc. agreement (Note 2)	-	-	-	-	-	-	-	-	-	(1,775)	-	-
Acquisitions, net of acquired cash (Note 17)	-	-	-	-	-	-	-	-	-	-	-	-
Equity investments	-	(10)	(35)	(13)	(25)	(10)	(11)	(93)	(20)	(20)	(83)	(8)
Collateral posted/settlements for derivatives, (paid)/returned (Note 6)	(126)	229	314	(365)	(1,959)	6	(598)	129	310	-	-	-
Purchases of businesses, net of acquired cash (Note 17)	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated subsidiaries and equity securities	-	-	-	-	-	-	-	-	-	-	-	-
Net investment hedges and other derivatives (Note 7)	-	-	-	-	-	-	-	-	-	232	(178)	(164)
Deconsolidation of RBH (Note 19)	-	-	-	-	-	-	-	-	-	-	-	-
Other	1	2	(19)	(46)	(8)	(26)	(15)	(47)	(66)	(22)	138	(140)
Net cash provided by (used in) investing activities	(507)	26	(3)	(789)	(2,316)	(434)	(1,003)	(337)	(193)	(1,956)	(483)	(591)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
Short-term borrowing activity by original maturity:
Net issuances (repayments) - maturities of 90 days or less	(618)	(2,005)	4,530	(561)	(1,937)	4,231	11	12	(1,475)	(2,000)	(1,005)	3,361
Issuances - maturities longer than 90 days	-	666	993	-	100	70	-	-	100	397	354	358
Repayments - maturities longer than 90 days	(197)	(994)	0	(100)	(70)	0	-	(149)	(284)	(374)	(42)	(138)
Repayments under credit facilities related to Swedish Match AB acquisition	-	-	-	-	-	-	-	-	0	-	-	(4,430)
Net repayment of short-term borrowings	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt proceeds	-	1,478	0	-	3,596	0	-	535	4,659	2,307	2,449	5,203
Long-term debt repaid	(566)	(1,879)	(2,142)	(750)	(744)	(822)	(569)	(1,812)	0	-	(1,352)	(682)
Repurchases of common stock	-	-	-	-	-	-	-	-	-	-	-	0
Issuance of common stock	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid	(2,299)	(2,297)	(2,307)	(2,107)	(2,106)	(2,116)	(2,027)	(2,027)	(2,037)	(1,977)	(1,977)	(1,987)
Collateral received/settlements for derivatives, received/(returned)	(136)	266	138	9	(218)	(606)	(328)	90	260	-	-	-
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests	-	-	-	-	-	-	-	-	-	-	-	-
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests (Note 17)	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests activity and Other	(125)	(210)	(116)	(152)	(182)	(86)	(68)	(181)	(88)	(118)	(211)	62
Net cash provided by (used in) financing activities	(3,941)	(4,975)	1,096	(3,661)	(1,561)	671	(2,981)	(3,532)	1,135	(1,765)	(1,784)	864
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(222)	11	(116)	(127)	165	335	67	14	(230)	(172)	(109)	(89)
Cash, cash equivalents and restricted cash:
Effect of exchange rate changes on cash and cash equivalents	-	-	-	-	-	-	-	-	-	-	-	-
Cash, cash equivalents and restricted cash:
Increase	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease)	$ 682	$ 554	$ 578	$ (115)	$ (300)	$ 222	$ (575)	$ 777	$ 953	$ (478)	$ 1,066	$ (771)