Microsoft Excel LibreOffice Calc

Philip Morris International Inc. (NYSE:PM)

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Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Philip Morris International Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents
Trade receivables, less allowances
Other receivables
Inventories
Deferred income taxes
Other current assets
Current assets
Property, plant and equipment, less accumulated depreciation
Goodwill
Other intangible assets, net
Investments in unconsolidated subsidiaries and equity securities
Deferred income taxes
Other assets
Noncurrent assets
Total assets

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Philip Morris International Inc.’s current assets decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Property, plant and equipment, less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Philip Morris International Inc.’s property, plant and equipment, less accumulated depreciation decreased from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Philip Morris International Inc.’s noncurrent assets decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Philip Morris International Inc.’s total assets decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Philip Morris International Inc.’s cash and cash equivalents decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Trade receivables, less allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Philip Morris International Inc.’s trade receivables, less allowances decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Philip Morris International Inc.’s inventories decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.