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.

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.

Philip Morris International Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 3,492 2,428 3,207 5,368 5,036 4,622 4,496 4,491 4,915 3,902 7,280 4,821 4,200 3,746 6,861 6,507 4,008 3,081 6,593 5,880 6,587 7,200
Trade receivables, less allowances 4,110 3,642 3,850 3,862 3,822 3,650 3,123 3,379 3,536 3,303 2,905 3,080 3,344 2,785 3,080 3,073 3,506 2,958 2,950 2,936 2,936 3,373
Other receivables, less allowances 902 957 906 749 771 768 817 803 909 784 856 632 600 549 637 656 568 577 614 586 836 521
Leaf tobacco 2,010 1,848 1,674 1,440 1,649 1,691 1,642 1,706 1,918 1,987 2,063 1,996 2,138 2,012 2,052 2,081 2,248 2,294 2,318 2,431 2,459 2,737
Other raw materials 2,367 2,276 2,028 1,712 1,778 2,297 1,652 1,931 1,950 1,719 1,712 1,757 1,958 2,155 1,596 1,514 1,584 1,548 1,405 1,420 1,463 1,481
Finished product 5,523 6,588 6,184 4,001 4,124 4,696 5,426 4,536 4,822 5,313 5,816 4,407 4,872 4,878 5,587 4,934 4,423 4,476 5,081 4,589 5,003 4,374
Inventories 9,900 10,712 9,886 7,153 7,551 8,684 8,720 8,173 8,690 9,019 9,591 8,160 8,968 9,045 9,235 8,529 8,255 8,318 8,804 8,440 8,925 8,592
Other current assets 1,432 1,832 1,770 1,903 1,196 1,000 561 1,000 693 902 860 760 664 736 701 810 826 807 481 696 744 907
Current assets 19,836 19,571 19,619 19,035 18,376 18,724 17,717 17,846 18,743 17,910 21,492 17,453 17,776 16,861 20,514 19,575 17,163 15,741 19,442 18,538 20,028 20,593
Property, plant and equipment, at cost 16,195 15,777 15,443 13,845 14,559 14,563 14,732 14,906 14,615 14,249 14,909 14,293 14,076 13,700 14,446 14,164 14,534 14,299 14,557 14,585 14,382 15,056
Accumulated depreciation (9,204) (8,989) (8,733) (8,235) (8,594) (8,559) (8,564) (8,845) (8,640) (8,297) (8,544) (8,159) (7,892) (7,593) (7,815) (7,528) (7,617) (7,405) (7,356) (7,447) (7,269) (7,597)
Property, plant and equipment, less accumulated depreciation 6,991 6,788 6,710 5,610 5,965 6,004 6,168 6,061 5,975 5,952 6,365 6,134 6,184 6,107 6,631 6,636 6,917 6,894 7,201 7,138 7,113 7,459
Goodwill 19,236 19,866 19,655 6,127 6,318 6,632 6,680 6,814 5,842 5,768 5,964 5,647 5,653 5,284 5,858 5,720 5,828 5,775 7,189 7,271 7,312 7,667
Other intangible assets, net 6,630 6,732 6,732 2,224 2,656 2,786 2,818 2,893 1,958 1,952 2,019 1,926 1,948 1,850 2,113 2,088 2,130 2,129 2,278 2,317 2,336 2,455
Equity investments 4,747 4,504 4,431 4,087 4,328 4,312 4,463 4,624 4,633 4,637 4,798 4,579 4,516 4,390 4,635 4,499 4,665 4,578 1,269 1,361 1,352 1,395
Deferred income taxes 574 585 603 682 714 694 895 1,083 1,112 1,070 1,410 1,225 1,159 1,113 1,153 968 1,042 951 977 990 909 1,150
Other assets, less allowances 3,854 4,014 3,931 2,952 2,603 2,581 2,549 2,268 2,423 2,515 2,767 2,165 1,926 1,889 1,971 1,934 2,178 1,974 1,445 1,765 1,671 2,351
Noncurrent assets 42,032 42,489 42,062 21,682 22,584 23,009 23,573 23,743 21,943 21,894 23,323 21,676 21,386 20,633 22,361 21,845 22,760 22,301 20,359 20,842 20,693 22,477
Total assets 61,868 62,060 61,681 40,717 40,960 41,733 41,290 41,589 40,686 39,804 44,815 39,129 39,162 37,494 42,875 41,420 39,923 38,042 39,801 39,380 40,721 43,070

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


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. current assets decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
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. property, plant and equipment, less accumulated depreciation increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
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. noncurrent assets increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.
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. total assets increased from Q4 2022 to Q1 2023 but then slightly decreased from Q1 2023 to Q2 2023 not reaching Q4 2022 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. cash and cash equivalents decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
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. trade receivables, less allowances decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 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. inventories increased from Q4 2022 to Q1 2023 but then slightly decreased from Q1 2023 to Q2 2023 not reaching Q4 2022 level.