Philip morris international inc. (PM)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues including excise taxes

18,253

19,849

20,380

19,987

17,705

19,858

20,439

21,100

18,426

21,585

20,638

19,319

16,556

19,189

19,935

19,041

16,788

18,371

19,422

18,763

17,352

19,941

21,335

21,051

17,779

20,390

20,629

20,483

18,527

19,742

19,592

20,037

18,022

18,876

20,706

20,234

16,530

17,807

16,936

17,383

15,587

17,008

16,573

15,213

13,286

17,365

16,703

Excise taxes on products

11,100

12,136

12,738

12,288

10,954

12,359

12,935

13,374

11,530

13,291

13,165

12,402

10,492

12,218

12,953

12,392

10,705

11,979

12,495

11,904

10,736

12,744

13,479

13,254

10,862

12,601

12,702

12,566

10,943

11,853

11,672

11,917

10,574

11,205

12,344

11,961

9,739

10,770

10,322

10,322

9,091

10,291

9,986

9,079

7,689

10,412

9,994

Revenue from Contract with Customer, Excluding Assessed Tax

7,153

7,713

7,642

7,699

6,751

7,499

7,504

7,726

6,896

8,294

7,473

6,917

6,064

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

2,402

2,778

2,605

2,665

2,465

2,781

2,618

2,744

2,615

3,001

2,735

2,519

2,177

2,499

2,432

2,364

2,096

2,375

2,383

2,378

2,229

2,632

2,734

2,696

2,374

2,602

2,618

2,701

2,489

2,681

2,584

2,666

2,442

2,692

2,847

2,844

2,295

2,501

2,290

2,550

2,372

2,546

2,320

2,185

1,971

2,481

2,462

Gross profit

4,751

4,935

5,037

5,034

4,286

4,718

4,886

4,982

4,281

5,293

4,738

4,398

3,887

4,472

4,550

4,285

3,987

4,017

4,544

4,481

4,387

4,565

5,122

5,101

4,543

5,187

5,309

5,216

5,095

5,208

5,336

5,454

5,006

4,979

5,515

5,429

4,496

4,536

4,324

4,511

4,124

4,171

4,267

3,949

3,626

4,472

4,247

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

1,944

2,413

2,234

1,831

2,217

1,997

1,710

1,868

1,833

1,930

1,629

1,639

1,449

1,754

1,554

1,513

1,496

2,028

1,566

1,568

1,494

1,975

1,763

1,716

1,547

1,676

1,687

1,850

1,677

1,918

1,655

1,817

1,571

1,959

1,770

1,692

1,449

1,743

1,446

1,582

1,389

1,684

1,398

1,498

1,290

1,556

1,584

Asset impairment and exit costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

-9

489

23

301

0

5

3

33

34

8

8

49

43

1

16

27

20

0

0

26

1

1

1

13

48

Amortization of intangibles

18

16

15

16

19

19

20

21

22

23

21

22

22

18

19

19

18

20

19

21

22

26

23

22

22

22

23

24

24

24

24

25

24

25

25

24

24

23

22

23

20

20

18

21

15

13

7

Operating Income (Loss)

2,789

2,506

2,788

3,187

2,050

2,702

3,156

3,093

2,426

3,340

3,088

2,737

2,416

2,700

2,977

2,753

2,473

1,901

2,959

2,892

2,871

2,532

3,345

2,874

2,951

3,188

3,599

3,337

3,391

3,233

3,623

3,604

3,403

2,946

3,677

3,712

3,007

2,743

2,836

2,906

2,715

2,441

2,850

2,429

2,320

2,890

2,608

Interest expense, net

-129

-136

-132

-150

-152

-125

-145

-168

-227

-259

-223

-213

-219

-201

-220

-223

-247

-227

-247

-259

-275

-263

-267

-254

-268

-252

-239

-246

-236

-226

-211

-209

-213

-187

-192

-208

-213

-216

-214

-223

-223

-225

-221

-193

-158

-69

-61

Pension and other employee benefit costs

23

28

20

20

21

22

7

6

6

22

20

16

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings before income taxes

2,637

2,342

2,636

3,017

1,877

2,555

3,004

2,919

2,193

3,059

2,845

2,508

2,177

2,411

2,757

2,530

2,226

1,674

2,712

2,633

2,596

2,269

3,078

2,620

2,683

2,936

3,360

3,091

3,155

3,007

3,412

3,395

3,190

2,759

3,485

3,504

2,794

2,527

2,622

2,683

2,492

2,216

2,629

2,236

2,162

2,821

2,547

Provision for income taxes

596

623

635

611

424

551

691

644

559

2,265

812

689

541

658

764

716

630

412

748

743

785

651

918

752

776

893

952

892

933

799

1,088

988

958

803

1,024

1,019

807

717

730

641

738

632

775

639

645

667

790

Equity investments and securities (income)/loss, net

-54

63

45

30

11

-1

28

20

13

2

12

23

22

22

35

28

9

36

20

26

23

31

38

27

9

-7

-6

-5

-4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,987

1,782

2,046

2,436

1,464

2,003

2,341

2,295

1,647

796

2,045

1,842

1,658

1,775

2,028

1,842

1,605

1,298

1,984

1,916

1,834

1,649

2,198

1,895

1,916

2,036

2,402

2,194

2,218

2,191

2,324

2,407

2,232

1,946

2,461

2,485

1,987

1,810

1,892

2,042

1,754

1,584

1,854

1,597

1,517

2,154

1,757

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

161

166

150

117

110

93

94

97

91

102

75

61

68

64

90

54

75

49

42

29

39

37

43

44

41

49

62

70

93

96

97

90

71

60

84

76

68

58

70

60

51

62

56

51

41

74

65

Net Income (Loss) Attributable to Parent

1,826

1,616

1,896

2,319

1,354

1,910

2,247

2,198

1,556

694

1,970

1,781

1,590

1,711

1,938

1,788

1,530

1,249

1,942

1,887

1,795

1,612

2,155

1,851

1,875

1,987

2,340

2,124

2,125

2,095

2,227

2,317

2,161

1,886

2,377

2,409

1,919

1,752

1,822

1,982

1,703

1,522

1,798

1,546

1,476

2,080

1,692

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

1.17

1.03

1.22

1.49

0.87

1.23

1.44

1.41

1.00

0.45

1.27

1.14

1.02

1.10

1.25

1.15

0.98

0.80

1.25

1.21

1.16

1.03

1.38

1.17

1.18

1.24

1.44

1.30

1.28

1.24

1.32

1.36

1.25

1.09

1.35

1.35

1.06

0.97

0.99

1.07

0.90

0.79

0.93

0.79

0.74

1.01

0.81

Diluted earnings per share (in dollars per share)

1.17

1.03

1.22

1.49

0.87

1.23

1.44

1.41

1.00

0.45

1.27

1.14

1.02

1.10

1.25

1.15

0.98

0.80

1.25

1.21

1.16

1.03

1.38

1.17

1.18

1.24

1.44

1.30

1.28

1.24

1.32

1.36

1.25

1.09

1.35

1.35

1.06

0.96

0.99

1.07

0.90

0.78

0.93

0.79

0.74

1.01

0.80

Dividends declared (in dollars per share)

-

-

-

-

-

-

-

-

-

-

1.07

1.04

1.04

-

1.04

1.02

1.02

-

1.02

1.00

1.00

-

1.00

0.94

0.94

-

0.94

0.85

0.85

-

0.85

0.77

0.77

-

0.77

0.64

0.64

-

0.64

0.58

0.58

-

0.58

0.54

0.54

0.54

0.46