Stock Analysis on Net
Stock Analysis on Net
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Philip Morris International Inc. (NYSE:PM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Philip Morris International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Short-term borrowings 0.79 1.83 1.16 1.74 2.43
Current portion of long-term debt 9.45 10.19 5.83 6.98 7.08
Accounts payable 5.36 5.20 5.22 4.52 3.80
Marketing and selling 1.55 1.84 1.65 1.56 1.88
Taxes, except income taxes 13.61 12.78 12.39 16.84 15.08
Employment costs 2.43 1.99 1.99 2.17 2.66
Dividends payable 4.27 4.48 3.88 4.40 4.68
Other 4.60 3.43 3.13 4.21 4.23
Accrued liabilities 26.47% 24.53% 23.05% 29.18% 28.54%
Income taxes 1.86 1.45 1.89 2.26 2.86
Deferred income taxes 0.00 0.00 0.00 0.00 0.61
Current liabilities 43.93% 43.19% 37.15% 44.69% 45.31%
Long-term debt, excluding current portion 62.17 67.77 72.92 70.15 74.36
Deferred income taxes 2.12 2.26 1.86 5.15 4.54
Employment costs 8.48 7.75 5.29 7.60 7.56
Income taxes and other liabilities 5.70 6.01 6.59 2.00 2.02
Noncurrent liabilities 78.46% 83.79% 86.66% 84.89% 88.49%
Total liabilities 122.39% 126.98% 123.81% 129.58% 133.80%
Common stock, no par value 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 4.71 4.87 4.59 5.33 5.68
Earnings reinvested in the business 72.27 77.92 69.49 82.49 87.88
Accumulated other comprehensive losses -21.84 -25.40 -19.86 -25.94 -27.69
Cost of repurchased stock -82.15 -88.69 -82.35 -96.31 -104.88
Total PMI stockholders’ deficit -27.00% -31.30% -28.13% -34.43% -39.00%
Noncontrolling interests 4.61 4.32 4.32 4.85 5.21
Total stockholders’ deficit -22.39% -26.98% -23.81% -29.58% -33.80%
Total liabilities and stockholders’ deficit 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Philip Morris International Inc.’s current liabilities as a percentage of total liabilities and stockholders’ deficit increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Philip Morris International Inc.’s noncurrent liabilities as a percentage of total liabilities and stockholders’ deficit decreased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Philip Morris International Inc.’s total liabilities as a percentage of total liabilities and stockholders’ deficit increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Total PMI stockholders’ deficit Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Philip Morris International Inc.’s total PMI stockholders’ deficit as a percentage of total liabilities and stockholders’ deficit decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.