Philip Morris International Inc.

NYSE-PM

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						29,805	28,694	31,405	31,762	35,174	36,449
Total Revenues % Chg.						0.6%	-3.7%	9.4%	1.1%	10.7%	9.9%
Cost of Goods Sold, Total						10,513	9,569	10,030	11,228	12,878	13,170
Gross Profit						19,292	19,125	21,375	20,534	22,296	23,279
Selling General & Admin Expenses, Total						8,168	7,405	8,299	7,990	9,599	10,500
Amortization of Goodwill and Intangible Assets						66	—	—	—	—	181
Other Operating Expenses	—	—	—	—	—	—	—	—	—	—	-206
Other Operating Expenses, Total						8,234	7,405	8,299	7,990	9,599	10,475
Operating Income						11,058	11,720	13,076	12,544	12,697	12,804
Interest Expense, Total						-796	-728	-737	-768	-1,526	-1,595
Interest And Investment Income						226	110	109	180	465	465
Net Interest Expenses						-570	-618	-628	-588	-1,061	-1,130
Income (Loss) On Equity Invest.						149	16	149	137	157	479
Currency Exchange Gains (Loss)	—	—	—	—	—	—	—	—	—	—	440
EBT, Excl. Unusual Items						10,637	11,118	12,597	12,093	11,793	12,593
Restructuring Charges			—	—	—	-422	-149	-216	—	-109	-168
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	—	-59	—	18
Impairment of Goodwill	—	—	—	—	—	—	—	—	—	-665	—
Asset Writedown	—	—	—	—	—	—	—	—	-112	-15	-27
Legal Settlements	—	—	—	—	—	-194	—	—	—	-204	-204
Other Unusual Items	—	—	—	—	—	—	—	—	-151	-193	-193
EBT, Incl. Unusual Items						10,021	10,969	12,381	11,771	10,607	12,019
Income Tax Expense						2,293	2,377	2,671	2,244	2,339	2,761
Earnings From Continuing Operations						7,728	8,592	9,710	9,527	8,268	9,258
Minority Interest						-543	-536	-601	-479	-455	-454
Net Income						7,185	8,056	9,109	9,048	7,813	8,804
Preferred Dividend and Other Adjustments						17	20	26	24	22	25
Net Income to Common Incl Extra Items						7,168	8,036	9,083	9,024	7,791	8,779
Net Income to Common Excl. Extra Items						7,168	8,036	9,083	9,024	7,791	8,779
Total Shares Outstanding						1,555.9	1,557.4	1,550.2	1,550.2	1,552.4	1,554.8
Weighted Avg. Shares Outstanding						1,555	1,557	1,558	1,550	1,552	1,553
Weighted Avg. Shares Outstanding Dil						1,556	1,558	1,559	1,552	1,553	1,554.5
EPS						4.6	5.2	5.8	5.8	5	5.7
EPS Diluted						4.6	5.2	5.8	5.8	5	5.7
EBITDA						12,022	12,701	14,074	13,621	14,095	14,414
Effective Tax Rate						22.9%	21.7%	21.6%	19.1%	22.1%	23%