Philip Morris International Inc. PM Balance Sheet

Philip morris international inc. (PM)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
ASSETS
Cash and cash equivalents
3,746	6,861	6,507	4,008	3,081	6,593	5,880	6,587	7,200	8,447	7,667	6,197	5,076	4,239	4,884	3,814	2,944	3,417	2,393	1,838	1,524	1,682	2,043	1,541	1,823	2,154	3,382	3,586	3,981	2,983	4,817	3,846	3,576	2,550	3,391	2,178	1,322	1,703	3,507	1,584	850	1,540	1,602	2,602	1,531
Trade receivables (less allowances of $19 in 2020 and $20 in 2019)
2,785	3,080	3,073	3,506	2,958	2,950	2,936	2,936	3,373	3,194	3,985	3,648	3,090	3,499	3,100	3,085	2,989	2,778	3,322	3,619	3,741	4,004	3,785	4,081	3,408	3,853	3,659	3,964	3,591	3,589	3,562	3,553	3,472	3,201	3,242	3,443	2,991	3,009	3,022	3,232	3,186	3,098	3,048	3,171	2,848
Other receivables
549	637	656	568	577	614	586	836	521	544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories:
Leaf tobacco
2,012	2,052	2,081	2,248	2,294	2,318	2,431	2,459	2,737	2,606	2,678	2,708	2,683	2,498	2,765	2,866	3,034	2,640	2,973	3,154	3,098	3,135	3,316	3,582	3,614	3,709	3,821	3,803	3,441	3,548	3,633	3,583	3,467	3,463	3,853	4,258	4,186	4,026	4,419	3,917	4,205	4,183	4,329	3,731	3,924
Other raw materials
2,155	1,596	1,514	1,584	1,548	1,405	1,420	1,463	1,481	1,563	1,512	1,511	1,531	1,569	1,566	1,511	1,615	1,613	1,783	1,671	1,636	1,696	1,749	1,595	1,669	1,596	1,730	1,888	1,624	1,610	1,490	1,102	1,102	1,185	1,222	1,338	1,317	1,314	1,351	1,183	1,191	1,275	1,285	1,195	1,137
Finished product
4,878	5,587	4,934	4,423	4,476	5,081	4,589	5,003	4,374	4,637	4,093	3,511	3,793	4,950	3,155	3,612	4,050	4,220	2,451	2,382	2,818	3,761	2,914	3,094	3,441	4,541	2,475	2,526	2,911	3,791	3,120	2,627	2,742	3,472	2,378	2,308	2,768	2,977	2,478	2,402	2,883	3,749	3,263	3,303	4,603
Total inventory, net
9,045	9,235	8,529	8,255	8,318	8,804	8,440	8,925	8,592	8,806	8,283	7,730	8,007	9,017	7,486	7,989	8,699	8,473	7,207	7,207	7,552	8,592	7,979	8,271	8,724	9,846	8,026	8,217	7,976	8,949	8,243	7,312	7,311	8,120	7,453	7,904	8,271	8,317	8,248	7,502	8,279	9,207	8,877	8,229	9,664
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	450	469	485	488	386	428	457	533	381	414	423	502	364	376	381	450	394	415	365	397	373	363	326	371	282	296	280	305	273	284	322
Other current assets
736	701	810	826	807	481	696	744	907	603	924	857	711	853	654	689	811	648	804	680	1,001	673	573	403	447	497	585	612	732	619	584	435	614	591	631	445	483	356	423	310	483	532	477	445	574
Total current assets
16,861	20,514	19,575	17,163	15,741	19,442	18,538	20,028	20,593	21,594	20,859	18,432	16,884	17,608	16,574	16,046	15,928	15,804	14,112	13,772	14,275	15,484	14,761	14,710	14,825	16,852	16,016	16,755	16,661	16,590	17,600	15,561	15,338	14,859	15,090	14,333	13,393	13,756	15,482	12,924	13,078	14,682	14,277	14,731	14,939
Property, plant and equipment, at cost:
Land and land improvements
-	-	-	-	-	600	-	-	-	639	-	-	-	590	-	-	-	583	-	-	-	639	-	-	-	671	-	-	-	708	-	-	-	692	-	-	-	703	-	-	-	579	-	-	547
Buildings and building equipment
-	-	-	-	-	3,975	-	-	-	3,989	-	-	-	3,474	-	-	-	3,361	-	-	-	3,620	-	-	-	4,013	-	-	-	3,948	-	-	-	3,738	-	-	-	3,720	-	-	-	3,593	-	-	3,351
Machinery and equipment
-	-	-	-	-	9,096	-	-	-	8,976	-	-	-	7,366	-	-	-	6,978	-	-	-	7,664	-	-	-	8,409	-	-	-	8,380	-	-	-	7,880	-	-	-	7,857	-	-	-	7,591	-	-	7,170
Construction in progress
-	-	-	-	-	886	-	-	-	962	-	-	-	930	-	-	-	845	-	-	-	836	-	-	-	864	-	-	-	843	-	-	-	603	-	-	-	479	-	-	-	495	-	-	632
Property, plant and equipment, at cost
13,700	14,446	14,164	14,534	14,299	14,557	14,585	14,382	15,056	14,566	13,972	13,556	12,862	12,360	12,698	12,320	12,202	11,767	11,865	12,327	12,085	12,759	13,361	14,071	13,886	13,957	13,898	13,479	13,568	13,879	13,482	12,954	13,467	12,913	13,213	13,912	13,383	12,759	12,766	11,697	12,261	12,258	12,151	11,562	11,700
Less: accumulated depreciation
7,593	7,815	7,528	7,617	7,405	7,356	7,447	7,269	7,597	7,295	7,115	6,927	6,598	6,296	6,565	6,389	6,337	6,046	6,265	6,512	6,388	6,688	7,088	7,423	7,216	7,202	7,315	7,083	7,095	7,234	7,118	6,793	7,022	6,663	6,802	7,119	6,705	6,260	6,179	5,535	5,731	5,868	5,793	5,441	5,352
Total property, plant and equipment, net
6,107	6,631	6,636	6,917	6,894	7,201	7,138	7,113	7,459	7,271	6,857	6,629	6,264	6,064	6,133	5,931	5,865	5,721	5,600	5,815	5,697	6,071	6,273	6,648	6,670	6,755	6,583	6,396	6,473	6,645	6,364	6,161	6,445	6,250	6,411	6,793	6,678	6,499	6,587	6,162	6,530	6,390	6,358	6,121	6,348
Goodwill
5,284	5,858	5,720	5,828	5,775	7,189	7,271	7,312	7,667	7,666	7,681	7,614	7,485	7,324	7,646	7,622	7,683	7,415	7,404	7,914	7,920	8,388	8,707	9,085	9,009	8,893	9,177	9,529	9,765	9,900	9,903	9,737	10,087	9,928	10,087	10,652	10,537	10,161	10,195	9,790	9,974	9,112	8,992	8,414	8,015
Other intangible assets, net (Note 4)
1,850	2,113	2,088	2,130	2,129	2,278	2,317	2,336	2,455	2,432	2,501	2,527	2,517	2,470	2,578	2,603	2,664	2,623	2,621	2,807	2,855	2,985	3,134	3,209	3,234	3,193	3,290	3,472	3,597	3,619	3,651	3,614	3,753	3,697	3,774	4,020	3,977	3,873	3,868	3,779	3,877	3,546	3,494	3,321	3,084
Investments in unconsolidated subsidiaries and equity securities (Notes 11&14)
4,390	4,635	4,499	4,665	4,578	1,269	1,361	1,352	1,395	1,074	1,080	1,072	1,079	1,011	986	948	942	890	919	1,020	1,064	1,083	1,371	1,508	1,460	1,536	665	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
1,113	1,153	968	1,042	951	977	990	909	1,150	1,007	1,138	800	834	859	-	-	-	360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
1,889	1,971	1,934	2,178	1,974	1,445	1,765	1,671	2,351	1,924	1,835	1,586	1,564	1,515	1,660	1,652	1,539	1,143	1,355	1,385	1,444	1,176	1,155	1,165	939	939	1,064	988	922	892	791	725	776	754	858	996	969	761	747	669	714	822	584	540	586
TOTAL ASSETS
37,494	42,875	41,420	39,923	38,042	39,801	39,380	40,721	43,070	42,968	41,951	38,660	36,627	36,851	35,577	34,802	34,621	33,956	32,011	32,713	33,255	35,187	35,401	36,325	36,137	38,168	36,795	37,140	37,418	37,670	38,309	35,798	36,399	35,488	36,220	36,794	35,554	35,050	36,879	33,324	34,173	34,552	33,705	33,127	32,972
LIABILITIES
Short-term borrowings (Note 10)
1,438	338	355	269	1,551	730	545	592	608	499	2,905	898	1,004	643	710	696	673	825	1,007	1,710	3,384	1,208	2,091	1,941	3,284	2,400	3,668	2,684	1,539	2,419	2,141	2,694	4,085	1,511	2,563	570	1,730	1,747	2,416	857	1,050	1,662	313	399	375
Long-term Debt and Lease Obligation, Current
1,933	4,051	5,035	4,762	5,582	4,054	3,042	3,025	4,662	2,506	3,005	4,254	1,754	2,573	2,417	1,175	2,437	2,405	2,100	2,926	1,629	1,318	1,357	407	406	1,255	1,255	1,256	3,263	2,781	2,775	3,284	1,410	2,206	2,326	3,314	3,237	1,385	1,436	78	151	82	197	195	209
Accounts payable
2,073	2,299	1,704	1,708	1,812	2,068	1,662	1,953	2,156	2,242	1,973	1,909	1,746	1,666	1,573	1,547	1,496	1,289	1,237	1,089	1,038	1,242	1,255	1,109	1,064	1,274	1,125	1,045	967	1,103	1,127	1,019	1,044	1,031	1,121	1,027	964	835	1,064	871	956	670	1,040	774	1,013
Accrued liabilities:
Marketing and selling
645	666	677	636	580	732	684	634	668	708	680	682	576	575	638	599	536	640	535	476	437	549	587	629	504	503	520	509	472	527	511	477	428	519	485	472	369	393	423	404	388	441	476	437	457
Taxes, except income taxes
5,058	5,837	5,130	5,780	4,354	5,088	5,142	6,854	5,085	5,324	5,491	5,376	4,275	6,204	4,376	4,488	4,569	5,121	4,336	4,546	3,945	5,490	4,961	5,008	4,655	6,492	4,991	5,228	4,306	5,350	5,701	5,344	4,339	5,346	5,230	5,642	4,740	4,884	4,812	4,438	3,883	4,824	4,472	4,925	4,502
Employment costs
783	1,042	813	748	713	794	808	736	770	856	825	743	719	800	812	735	735	903	802	834	848	1,135	1,251	1,267	942	949	865	806	797	896	876	769	776	894	805	719	678	739	755	627	599	752	653	571	665
Dividends payable
1,832	1,831	1,831	1,784	1,783	1,783	1,783	1,785	1,675	1,669	1,669	1,623	1,622	1,621	1,623	1,591	1,591	1,589	1,589	1,558	1,559	1,559	1,568	1,482	1,494	1,507	1,522	1,391	1,405	1,418	1,436	1,314	1,329	1,341	1,351	1,137	1,152	1,162	1,173	1,073	1,087	1,101	1,116	1,054	1,090
Other
2,011	1,973	1,777	1,765	1,741	1,366	1,301	1,319	1,556	1,346	1,503	1,337	1,329	1,553	1,177	1,121	1,387	1,438	1,238	1,366	1,482	1,375	1,175	1,099	1,093	1,382	1,031	956	857	952	904	833	816	873	867	862	815	920	786	950	804	955	842	867	1,167
Income taxes
811	796	723	594	370	576	632	543	508	812	463	421	330	832	875	665	576	970	1,063	651	493	1,078	744	536	424	1,192	925	710	783	1,456	1,125	968	915	897	1,132	850	477	601	709	517	354	500	528	263	488
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	55	91	206	195	230	165	158	128	102	105	112	116	121	120	114	130	128	141	176	170	170	181	138	139	174	308	191	201	181	178
Total current liabilities
16,584	18,833	18,045	18,046	18,486	17,191	15,599	17,441	17,688	15,962	18,514	17,243	13,355	16,467	14,258	12,672	14,091	15,386	14,102	15,386	14,980	15,112	15,117	13,580	13,971	17,066	16,018	14,706	14,509	17,016	16,726	16,830	15,283	14,794	16,050	14,763	14,343	12,804	13,713	9,989	9,580	11,178	9,838	9,666	10,144
Long-term Debt and Lease Obligation
24,999	26,656	26,426	24,858	23,131	26,975	28,179	28,048	29,578	31,334	28,065	26,595	28,588	25,851	26,960	28,098	26,683	25,250	25,800	24,566	25,572	26,929	25,395	27,161	25,989	24,023	21,877	21,559	20,796	17,639	17,520	14,824	15,346	14,828	12,870	13,037	11,885	13,370	13,595	14,296	14,809	13,672	13,741	13,480	11,377
Deferred income taxes
838	908	905	786	921	898	809	793	822	799	1,037	1,362	1,739	1,897	1,376	1,463	1,378	1,543	1,614	1,799	1,975	1,549	1,709	1,520	1,491	1,477	1,807	1,842	1,873	1,875	1,902	1,964	2,007	1,976	1,983	2,067	2,051	2,027	1,892	1,953	1,701	1,688	1,513	1,449	1,401
Employment costs
3,560	3,634	2,859	2,952	2,958	3,083	2,110	2,136	2,272	2,271	2,868	2,908	2,840	2,800	2,556	2,552	2,602	2,566	2,061	2,124	2,097	2,202	1,250	1,312	1,296	1,313	2,500	2,472	2,483	2,574	1,601	1,601	1,678	1,665	1,184	1,255	1,261	1,261	1,060	1,046	1,101	1,260	1,301	1,273	1,682
Income taxes and other liabilities
2,576	2,443	2,340	2,690	2,731	2,393	2,625	2,471	3,192	2,832	1,100	829	662	736	744	816	761	687	660	636	877	598	607	599	547	563	501	490	489	419	444	433	470	462	479	492	502	467	497	490	617	609	598	572	464
Total liabilities
48,557	52,474	50,575	49,332	48,227	50,540	49,322	50,889	53,552	53,198	51,584	48,937	47,184	47,751	45,894	45,601	45,515	45,432	44,237	44,511	45,501	46,390	44,078	44,172	43,294	44,442	42,703	41,069	40,150	39,523	38,193	35,652	34,784	33,725	32,566	31,614	30,042	29,929	30,757	27,774	27,808	28,407	26,991	26,440	25,068
Contingencies (Note 8)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	0	-
Redeemable noncontrolling interest (Note 23)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,283	1,296	1,323	1,301	1,276	1,262	-	1,212	-	-	-	-	-	-	-	-	-	-	-
STOCKHOLDERS’ (DEFICIT) EQUITY
Redeemable noncontrolling interest (Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,237	-	1,216	1,204	1,202	1,188	1,199	1,173	1,171	-	-	-	-
Common stock, no par value (2,109,316,331 shares issued in 2020 and 2019)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
1,992	2,019	1,981	1,948	1,907	1,939	1,906	1,893	1,856	1,972	1,942	1,917	1,892	1,964	1,934	1,907	1,874	1,929	783	757	613	710	692	649	608	723	679	1,306	1,266	1,334	1,285	1,233	1,175	1,235	1,200	1,159	1,134	1,225	1,236	1,267	1,240	1,403	1,448	1,457	1,581
Earnings reinvested in the business
30,984	30,987	31,197	31,128	30,588	31,014	30,877	30,406	29,985	29,859	30,831	30,528	30,367	30,397	30,305	29,985	29,785	29,842	30,178	29,822	29,489	29,249	29,192	28,601	28,228	27,843	27,359	26,537	25,800	25,076	24,394	23,599	22,592	21,757	21,208	20,178	18,903	18,133	17,539	16,888	15,977	15,358	14,936	14,251	13,354
Accumulated other comprehensive losses
-10,774	-9,363	-8,966	-9,051	-9,237	-10,111	-9,199	-8,908	-8,883	-8,535	-8,797	-9,070	-9,265	-9,559	-8,889	-8,955	-8,914	-9,402	-8,927	-8,107	-8,090	-6,826	-5,022	-4,314	-4,213	-4,190	-4,820	-4,115	-3,720	-3,604	-2,835	-3,376	-2,367	-2,863	-1,425	-262	-146	-1,140	-520	-1,301	-553	-817	-1,019	-1,719	-2,281
Total stockholders' equity before treasury stock
22,202	23,643	24,212	24,025	23,258	22,842	23,584	23,391	22,958	23,296	23,976	23,375	22,994	22,802	23,350	22,937	22,745	22,369	22,034	22,472	22,012	23,133	24,862	24,936	24,623	24,376	23,218	23,728	23,346	22,806	22,844	21,456	21,400	20,129	20,983	21,075	19,891	18,218	18,255	16,854	16,664	15,944	15,365	13,989	12,654
Less: cost of repurchased stock (552,210,107 and 553,421,668 shares in 2020 and 2019, respectively)
35,146	35,220	35,222	35,224	35,226	35,301	35,304	35,306	35,308	35,382	35,383	35,383	35,386	35,490	35,492	35,493	35,498	35,613	35,616	35,623	35,628	35,762	34,974	34,228	33,236	32,142	30,647	29,194	27,660	26,282	24,325	22,822	21,288	19,900	18,853	17,406	15,899	14,712	13,723	12,789	11,788	10,228	9,025	7,612	5,154
Total PMI stockholders’ deficit
-12,944	-11,577	-11,010	-11,199	-11,968	-12,459	-11,720	-11,915	-12,350	-12,086	-11,407	-12,008	-12,392	-12,688	-12,142	-12,556	-12,753	-13,244	-13,582	-13,151	-13,616	-12,629	-10,112	-9,292	-8,613	-7,766	-7,429	-5,466	-4,314	-3,476	-1,481	-1,366	112	229	2,130	3,669	3,992	3,506	4,532	4,065	4,876	5,716	6,340	6,377	7,500
Noncontrolling interests
1,881	1,978	1,855	1,790	1,783	1,720	1,778	1,747	1,868	1,856	1,774	1,731	1,835	1,788	1,825	1,757	1,859	1,768	1,356	1,353	1,370	1,426	1,435	1,445	1,456	1,492	238	241	259	322	321	250	266	322	308	307	318	427	391	312	318	429	374	310	404
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-11,063	-9,599	-9,155	-9,409	-10,185	-10,739	-9,942	-10,168	-10,482	-10,230	-9,633	-10,277	-10,557	-10,900	-10,317	-10,799	-10,894	-11,476	-12,226	-11,798	-12,246	-11,203	-8,677	-7,847	-7,157	-6,274	-7,191	-5,225	-4,055	-3,154	-1,160	-1,116	378	551	2,438	3,976	4,310	3,933	4,923	4,377	5,194	6,145	6,714	6,687	7,904
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
37,494	42,875	41,420	39,923	38,042	39,801	39,380	40,721	43,070	42,968	41,951	38,660	36,627	36,851	35,577	34,802	34,621	33,956	32,011	32,713	33,255	35,187	35,401	36,325	36,137	38,168	36,795	37,140	37,418	37,670	38,309	35,798	36,399	35,488	36,220	36,794	35,554	35,050	36,879	33,324	34,173	34,552	33,705	33,127	32,972