Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
Paying user area
Try for free
Philip Morris International Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2008
- Return on Equity (ROE) since 2008
- Debt to Equity since 2008
- Price to Earnings (P/E) since 2008
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Philip Morris International Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Philip Morris International Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Liquidity and Current Assets
- Cash and cash equivalents showed volatility, peaking at the end of 2020 before declining sharply in 2022 and fluctuating thereafter without a clear upward or downward trend. Trade receivables increased steadily over the periods analyzed, reflecting potentially higher sales or extended credit terms. Other receivables remained relatively stable with modest fluctuations. Inventories followed a cyclical but generally increasing pattern, peaking in late 2022 and early 2023, implying increased stock levels. Overall, current assets exhibited moderate growth with some fluctuations, supported by increases in inventories and other current assets, which notably surged in 2022 and 2023.
- Property, Plant, and Equipment
- The gross value of property, plant, and equipment increased consistently with minor fluctuations, reaching its highest level at the end of 2024. Accumulated depreciation also rose steadily, indicating ongoing asset use and aging. Net property, plant, and equipment, after depreciation, remained relatively stable with slight growth towards the end of the series, suggesting balanced capital expenditure and depreciation.
- Intangible and Other Noncurrent Assets
- Goodwill showed substantial jumps, particularly a large increase in late 2022 coinciding with a sharp rise in other intangible assets net, which also peaked dramatically at the same time. Both categories remained elevated but showed volatility thereafter with no consistent trend. Equity investments maintained a steady level with some minor rises and dips, but experienced a notable decline in mid-2024 before partial recovery. Deferred income taxes generally decreased slightly but remained relatively stable, while other noncurrent assets saw a significant increase in late 2022 followed by fluctuations.
- Overall Asset Base
- Total assets exhibited a sharp increase at the end of 2022, largely driven by pronounced rises in goodwill, intangible assets, and other noncurrent assets. This spike denotes a significant acquisition or revaluation event. Before and after this period, total assets showed moderate growth and some volatility. The asset base remains strong and expanding, albeit with some cyclical variation.
- Inventory Composition
- Leaf tobacco and other raw materials showed relative stability with some variability across the periods. Leaf tobacco decreased slightly in 2020-2021, partly recovering later. Other raw materials fluctuated more widely with a peak in late 2024. Finished products followed a similar cycle, showing peaks around late 2020 and late 2022-2023, indicating possible alignment with sales cycles or stockbuilding strategies.
- Summary of Trends and Insights
- The data reveals cyclical patterns in inventories and cash positions aligned with business seasonality or strategic inventory management. The notable increases in intangible assets and goodwill at the end of 2022 indicate the impact of a significant acquisition or intangible asset revaluation, which strongly affected the total asset figure. Despite fluctuations in liquidity, the company maintained a substantial asset base with steady investments in fixed assets and cautious depreciation management. Receivables growth suggests expansion or changing credit policies, while overall the financial position appears stable with episodic strategic adjustments reflected in asset structure changes.