Philip Morris International Inc. (PM) Financial Statements (2026 and earlier)

Company Profile

Business Address 677 WASHINGTON BLVD, STE. 1100
STAMFORD, CT 06901
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 2111 - Cigarettes (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8724,2163,0603,2074,4967,280
Cash and cash equivalent4,8724,2163,0603,2074,4967,280
Receivables5,8104,6754,3914,7563,9403,761
Inventory, net of allowances, customer advances and progress billings11,4789,45310,7749,8868,7209,591
Inventory11,4789,45310,7749,8868,7209,591
Other current assets2,2031,8261,5301,770561860
Total current assets:24,36320,17019,75519,61917,71721,492
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 19,61616,68517,08015,44314,7326,365
Long-term investments and receivables2,8912,6544,9294,4314,4634,798
Long-term investments2,8912,6544,9294,4314,4634,798
Accounts and financing receivable, after allowance for credit loss      
Intangible asset, including goodwill, after accumulated amortization28,14827,92726,64326,3879,4987,983
Goodwill17,26416,60016,77919,6556,6805,964
Intangible asset, excluding goodwill, after accumulated amortization10,88411,3279,8646,7322,8182,019
Deferred income tax assets1,2479408146038951,410
Other noncurrent assets4,1392,7835,6473,9312,5492,767
Other undisclosed noncurrent assets(11,219)(9,375)(9,564)(8,733)(8,564) 
Total noncurrent assets:44,82241,61445,54942,06223,57323,323
TOTAL ASSETS:69,18561,78465,30461,68141,29044,815
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,72619,38619,71719,08816,23216,247
Interest and dividends payable✕✕✕✕✕1,9581,880
Taxes payable✕✕✕✕✕7,3497,494
Employee-related liabilities✕✕✕✕✕1,1461,189
Accounts payable4,4073,9524,1434,0763,3312,780
Accrued liabilities17,31915,43415,57415,0122,4482,904
Debt3,7013,5296,6668,2483,0233,368
Total current liabilities:25,42722,91526,38327,33619,25519,615
Noncurrent Liabilities
Long-term debt and lease obligation, including:45,13442,16641,24334,87524,78328,168
Finance lease, liability 493023202337
Other undisclosed long-term debt and lease obligation45,08542,13641,22034,85524,41627,614
Liabilities, other than long-term debt6,6525,8846,1374,3763,6945,154
Accounts payable and accrued liabilities   300   
Deferred income tax liabilities2,0652,5172,3351,956726684
Liability, pension and other postretirement and postemployment benefits2,4062,9403,0461,9842,9684,470
Other liabilities2,181     
Operating lease, liability  427456436344517
Other undisclosed noncurrent liabilities  6899871,4051,7662,509
Total noncurrent liabilities:51,78648,73948,36740,65630,24335,831
Total liabilities:77,21371,65474,75067,99249,49855,446
Equity
Equity, attributable to parent(9,994)(11,750)(11,225)(8,957)(10,106)(12,567)
Treasury stock, value(35,551)(35,640)(35,785)(35,917)(35,836)(35,129)
Additional paid in capital2,4532,3352,2852,2302,2252,105
Accumulated other comprehensive loss(12,296)(11,314)(11,815)(9,559)(9,577)(11,181)
Retained earnings35,40032,86934,09034,28933,08231,638
Equity, attributable to noncontrolling interest1,9661,8801,7792,6461,8981,936
Total equity:(8,028)(9,870)(9,446)(6,311)(8,208)(10,631)
TOTAL LIABILITIES AND EQUITY:69,18561,78465,30461,68141,29044,815

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues40,64837,87835,17431,76231,40528,694
Cost of revenue
(Cost of Product and Service Sold)		(13,366)(13,329)(12,893)(11,402)(10,030)(9,569)
Gross profit:27,28224,54922,28120,36021,37519,125
Other undisclosed operating loss(12,390)(11,147)(10,725)(8,114)(8,400)(7,457)
Operating income:14,89213,40211,55612,24612,97511,668
Nonoperating income (expense)575560420156(6)13
Investment income, nonoperating 621620465180109110
Net periodic defined benefits expense (reversal of expense), excluding service cost component(46)(60)(45)(24)(115)(97)
Interest and debt expense(1,587)(1,763)(1,526)(768)(737)(728)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:13,88012,19910,45011,63412,23210,953
Income from equity method investments705637157   
Income from continuing operations before income taxes:14,58512,83610,60711,63412,23210,953
Income tax expense(2,737)(3,017)(2,339)(2,244)(2,671)(2,377)
Income from continuing operations:11,8489,8198,2689,3909,5618,576
Income before gain (loss) on sale of properties:✕✕✕✕✕9,5618,576
Other undisclosed net income (loss)  (2,316) 13714916
Net income:11,8487,5038,2689,5279,7108,592
Net loss attributable to noncontrolling interest(500)(446)(455)(479)(601)(536)
Net income attributable to parent:11,3487,0577,8139,0489,1098,056
Other undisclosed net loss available to common stockholders, basic(32)(23)(22)(24)(26) 
Net income available to common stockholders, diluted:11,3167,0347,7919,0249,0838,056

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:11,8487,5038,2689,5279,7108,592
Other comprehensive income (loss)(985)400(2,430)541,525(1,780)
Comprehensive income:10,8637,9035,8389,58111,2356,812
Comprehensive loss, net of tax, attributable to noncontrolling interest(497)(345)(281)(515)(522)(574)
Comprehensive income, net of tax, attributable to parent:10,3667,5585,5579,06610,7136,238

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: