Philip Morris International's Income Statement Analysis: Revenue to Profit Breakdown
Philip Morris International's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$31.41 B | $31.76 B | $35.17 B | $37.88 B | $40.60 B | $41.49 B |
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Cost of Revenue Direct cost of goods/services. |
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$10.03 B | $11.40 B | $12.89 B | $13.33 B | $13.63 B | $13.57 B |
Gross Profit Revenue minus cost of revenue. |
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$21.38 B | $20.36 B | $22.28 B | $24.55 B | $26.97 B | $27.93 B |
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Operating Expense
Costs to run business. |
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$8.40 B | $8.11 B | $10.73 B | $11.15 B | $11.75 B | $12.64 B |
Research and Development Investment in innovation. |
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$617.00 M | - | - | $759.00 M | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$8.40 B | $8.11 B | $10.06 B | $11.15 B | $11.75 B | $12.49 B |
General and Administrative Corporate overhead costs. |
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$8.40 B | $8.14 B | $10.06 B | $11.15 B | $11.75 B | $2.86 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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-$651.00 M | - | $665.00 M | -$759.00 M | - | $155.00 M |
Operating Income Profit from operations. |
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$12.97 B | $12.25 B | $11.56 B | $13.40 B | $15.21 B | $15.28 B |
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Net Interest Income
Interest income minus expense. |
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-$628.00 M | -$588.00 M | -$1.06 B | -$1.14 B | -$1.30 B | -$1.58 B |
Interest Income Income from investments. |
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$109.00 M | $180.00 M | $465.00 M | $620.00 M | - | - |
Interest Expense Cost of borrowing. |
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$737.00 M | $768.00 M | $1.53 B | $1.76 B | $1.30 B | $1.58 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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$6.00 M | -$156.00 M | -$420.00 M | -$560.00 M | -$36.00 M | -$944.00 M |
Total Other Income (Net) Net non-operating items. |
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-$591.00 M | -$475.00 M | -$949.00 M | -$1.20 B | -$457.00 M | -$935.00 M |
Income Before Tax Profit before taxes. |
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$12.38 B | $11.77 B | $10.61 B | $12.20 B | $14.76 B | $14.35 B |
Income Tax Expense Taxes on income. |
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$2.67 B | $2.24 B | $2.34 B | $2.38 B | $2.74 B | $2.75 B |
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Net Income
Final profit. |
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$9.11 B | $9.05 B | $7.79 B | $7.03 B | $11.50 B | $11.10 B |
Net Income From Continuing Operations Profit from core business. |
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$9.71 B | $9.53 B | $8.27 B | $9.82 B | $12.02 B | $11.59 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | -$157.00 M | -$23.00 M | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | $135.00 M | -$2.32 B | -$16.00 M | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$5.83 | $5.82 | $5.02 | $4.53 | $7.51 | $7.11 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$5.83 | $5.81 | $5.02 | $4.52 | $7.51 | $7.11 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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1.56 B | 1.55 B | 1.55 B | 1.55 B | 1.50 B | 1.56 B |
Diluted Average Shares Outst. Shares including dilution. |
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1.56 B | 1.55 B | 1.55 B | 1.56 B | 1.50 B | 1.56 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$12.97 B | $12.40 B | $11.98 B | $13.96 B | $15.25 B | $16.23 B |
EBITDA Earnings before interest, tax, D&A. |
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$13.97 B | $13.48 B | $13.37 B | $15.75 B | $17.08 B | $17.74 B |
Depreciation and Amortization Non-cash expense for assets. |
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$998.00 M | $1.08 B | $1.40 B | $1.79 B | $1.83 B | $1.52 B |
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Philip Morris International's Assets vs Liabilities & Equity
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