Stock Analysis on Net
Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Common-Size Income Statement

Philip Morris International Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Revenues including excise taxes 100.00 100.00 100.00 100.00 100.00
Excise taxes on products -60.63 -61.81 -62.27 -61.75 -62.89
Net revenues 39.37% 38.19% 37.73% 38.25% 37.11%
Cost of sales -14.13 -12.20 -12.58 -13.49 -13.48
Gross profit 25.24% 26.00% 25.15% 24.76% 23.64%
Marketing, administration and research costs -10.06 -10.22 -9.81 -11.24 -9.38
Operating income 15.18% 15.78% 15.34% 13.51% 14.25%
Interest expense -0.95 -0.90 -0.96 -1.02 -1.07
Interest income 0.22 0.13 0.14 0.29 0.24
Interest expense, net -0.73% -0.76% -0.81% -0.73% -0.83%
Pension and other employee benefit costs -0.03 -0.14 -0.13 -0.11 -0.05
Earnings before income taxes 14.42% 14.88% 14.40% 12.67% 13.37%
Provision for income taxes -2.78 -3.25 -3.13 -2.94 -3.06
Equity investments and securities income, net 0.17 0.18 0.02 0.19 0.08
Net earnings 11.81% 11.81% 11.30% 9.92% 10.38%
Net earnings attributable to noncontrolling interests -0.59 -0.73 -0.70 -0.70 -0.47
Net earnings attributable to PMI 11.22% 11.08% 10.59% 9.22% 9.91%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Philip Morris International Inc. operating income as a percentage of revenues including excise taxes increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Philip Morris International Inc. earnings before income taxes as a percentage of revenues including excise taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net earnings attributable to PMI The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Philip Morris International Inc. net earnings attributable to PMI as a percentage of revenues including excise taxes increased from 2020 to 2021 and from 2021 to 2022.