Philip morris international inc. (PM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Revenues including excise taxes

77,921

79,823

78,098

74,953

73,908

80,106

80,029

77,393

76,346

67,713

62,080

63,640

55,243

Excise taxes on products

48,116

50,198

49,350

48,268

47,114

50,339

48,812

46,016

45,249

40,505

37,045

37,935

32,433

Revenue from Contract with Customer, Excluding Assessed Tax

29,805

29,625

28,748

26,685

-

-

-

-

-

-

-

-

-

Cost of sales

10,513

10,758

10,432

9,391

9,365

10,436

10,410

10,373

10,678

9,713

9,022

9,328

8,711

Gross profit

19,292

18,867

18,316

17,294

17,429

19,331

20,807

21,004

20,419

17,495

16,013

16,377

14,099

Marketing, administration and research costs (Notes 8, 18 & 19)

8,695

7,408

6,647

6,317

6,656

7,001

6,890

6,961

6,870

6,160

5,870

6,001

5,021

Asset impairment and exit costs

-

-

-

-

68

535

309

83

109

47

29

84

208

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

52

Amortization of intangibles

66

82

88

74

82

93

93

97

98

88

74

44

28

Operating Income (Loss)

10,531

11,377

11,581

10,903

10,623

11,702

13,515

13,863

13,342

11,200

10,040

10,248

8,894

Interest expense, net

-570

-665

-914

-891

-1,008

-1,052

-973

-859

-800

-876

-797

-311

-10

Pension and other employee benefit costs

89

41

78

88

-

-

-

-

-

-

-

-

-

Earnings before income taxes

9,872

10,671

10,589

9,924

9,615

10,650

12,542

13,004

12,542

10,324

9,243

9,937

8,884

Provision for income taxes

2,293

2,445

4,307

2,768

2,688

3,097

3,670

3,833

3,653

2,826

2,691

2,787

2,570

Equity investments and securities (income)/loss, net

149

60

59

94

105

105

-22

-17

-10

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,728

8,286

6,341

7,250

7,032

7,658

8,850

9,154

8,879

7,498

6,552

7,150

6,314

Less comprehensive earnings attributable to:
Less comprehensive earnings attributable to:
Net earnings attributable to noncontrolling interests

543

375

306

283

159

165

274

354

288

239

210

260

276

Net Income (Loss) Attributable to Parent

7,185

7,911

6,035

6,967

6,873

7,493

8,576

8,800

8,591

7,259

6,342

6,890

6,038

Earnings Per Share [Abstract]
Basic earnings per share (in dollars per share)

4.61

5.08

3.88

4.48

4.42

4.76

5.26

5.17

4.85

3.93

3.25

3.32

2.86

Diluted earnings per share (in dollars per share)

4.61

5.08

3.88

4.48

4.42

4.76

5.26

5.17

4.85

3.92

3.24

3.31

2.86