Philip Morris International Inc. (PM) | Income Statement
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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Philip Morris International Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Marketing, administration and research costs | |
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Asset impairment and exit costs | |
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Gain on sales of businesses | |
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Amortization of intangibles | |
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Operating income | |
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Interest expense | |
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Interest income | |
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Interest expense, net | |
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Earnings before income taxes | |
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Provision for income taxes | |
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Net earnings | |
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Net earnings attributable to noncontrolling interests | |
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Net earnings attributable to PMI | |
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| Item | Description | The company |
|---|---|---|
| Net revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Philip Morris International Inc.'s net revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Philip Morris International Inc.'s operating income increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Philip Morris International Inc.'s earnings before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Philip Morris International Inc.'s net earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings attributable to PMI | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Philip Morris International Inc.'s net earnings attributable to PMI increased from 2009 to 2010 and from 2010 to 2011. |
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