Philip Morris International Inc.

Listed Company

PMCIK 0001413329NYSELarge AcceleratedCigarettesVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$40.65B

Net Income

$11.35B

Total Assets

$69.19B

Equity

$-9.99B

Shares Out

1.56B

Op. Cash Flow

$12.23B

Business

Philip Morris International Inc. is a leading international tobacco company transforming into a smoke-free company that develops, manufactures and commercializes combustible and smoke-free nicotine products and wellness offerings. Its main products include cigarettes, heated tobacco units and devices (IQOS), nicotine pouches and oral smokeless products (ZYN), e-vapor products, accessories and select wellness and inhaled healthcare products. It operates four geographic segments — Europe; South and Southeast Asia, CIS & MEA; East Asia, Australia & PMI Global Travel Retail; and Americas — and a Wellness & Healthcare unit. Distribution channels include direct sales, independent and zonified distributors, wholesalers, e‑commerce and company-owned retail.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues (Notes 5 & 11)	40,648	37,878	35,174	31,762	31,405
Cost of sales	13,366	13,329	12,893	11,402	10,030
Gross profit	27,282	24,549	22,281	20,360	21,375
Marketing, administration and research costs (Notes 3, 4, 11 & 18)	12,349	11,147	10,060	8,114	8,400
Impairment of goodwill (Note 4)	41	0	665	0	0
Operating income	14,892	13,402	11,556	12,246	12,975
Interest expense, net (Note 13)	966	1,143	1,061	588	—
Pension and other employee benefit costs (Note 12)	46	60	45	24	115
Earnings before income taxes	13,880	12,199	10,450	11,634	12,232
Provision for income taxes (Note 10)	2,737	3,017	2,339	2,244	2,671
Impairment related to the RBH equity investment (Note 5)	0	2,316	0	0	—
Equity investments and securities (income)/loss, net	−705	−637	−157	−137	−149
Net earnings	11,848	7,503	8,268	9,527	9,710
Net earnings attributable to noncontrolling interests	500	446	455	479	601
Net earnings attributable to PMI	11,348	7,057	7,813	9,048	9,109
Basic earnings per share (in dollars per share)	7.27	4.53	5.02	5.82	5.83
Diluted earnings per share (in dollars per share)	7.26	4.52	5.02	5.81	5.83

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4,872	4,216	3,060	3,207	4,496
Trade receivables (less allowances of $23 in 2025 and $47 in 2024)	4,572	3,789	3,461	3,850	3,123
Other receivables (less allowances of $24 in 2025 and $22 in 2024)	1,238	886	930	906	817
Leaf tobacco	2,425	2,080	1,942	1,674	1,642
Other raw materials	2,223	2,261	2,293	2,028	1,652
Finished product	6,830	5,112	6,539	6,184	5,426
Total inventory, net	11,478	9,453	10,774	9,886	8,720
Other current assets	2,203	1,826	1,530	1,770	561
Total current assets	24,363	20,170	19,755	19,619	17,717
Land and land improvements	562	581	550	545	565
Buildings and building equipment	5,050	4,391	4,617	4,291	4,293
Machinery and equipment	12,533	10,632	10,713	9,549	9,275
Construction in progress	1,471	1,081	1,200	1,058	599
Property plant and equipment, gross	19,616	16,685	17,080	15,443	14,732
Less: accumulated depreciation	11,219	9,375	9,564	8,733	8,564
Property plant and equipment, net	8,397	7,310	7,516	6,710	6,168
Goodwill (Note 4)	17,264	16,600	16,779	19,655	6,680
Other intangible assets, net (Note 4)	10,884	11,327	9,864	6,732	2,818
Equity investments (Note 5)	2,891	2,654	4,929	4,431	4,463
Deferred income taxes (Note 10)	1,247	940	814	603	895
Other assets (less allowances of $12 in 2025 and $26 in 2024)	4,139	2,783	5,647	3,931	2,549
Total Assets	69,185	61,784	65,304	61,681	41,290
Short-term borrowings (Note 6)	168	137	1,968	5,637	225
Current portion of long-term debt (Note 6)	3,533	3,392	4,698	2,611	2,798
Accounts payable	4,407	3,952	4,143	4,076	3,331
Marketing and selling	1,354	1,015	862	695	811
Taxes, except income taxes	7,555	6,904	7,514	7,440	6,324
Employment costs	1,545	1,305	1,262	1,168	1,146
Dividends payable	2,312	2,120	2,041	1,990	1,958
Other	3,298	2,832	2,737	2,679	1,637
Income taxes	1,255	1,258	1,158	1,040	1,025
Total current liabilities	25,427	22,915	26,383	27,336	19,255
Long-term debt (Note 6)	45,134	42,166	41,243	34,875	24,783
Deferred income taxes (Note 10)	2,065	2,517	2,335	1,956	726
Employment costs	2,406	2,940	3,046	1,984	2,968
Other liabilities	2,181	1,116	—	—	—
Total liabilities	77,213	71,654	74,750	67,992	49,498
Contingencies (Note 16)	—	—	—	—	—
Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) (Note 7)	0	0	0	0	0
Additional paid-in capital	2,453	2,335	2,285	2,230	2,225
Earnings reinvested in the business	35,400	32,869	34,090	34,289	33,082
Accumulated other comprehensive losses (Note 15)	−12,296	−11,314	−11,815	−9,559	−9,577
Total stockholders' equity before treasury stock	25,557	23,890	24,560	26,960	25,730
Less: cost of repurchased stock (552,659,642 and 554,470,731 shares in 2025 and 2024, respectively)	35,551	35,640	35,785	35,917	35,836
Total PMI stockholders deficit	−9,994	−11,750	−11,225	−8,957	−10,106
Noncontrolling interests	1,966	1,880	1,779	2,646	1,898
Total stockholders deficit	−8,028	−9,870	−9,446	−6,311	−8,208
Total Liabilities and Stockholders (Deficit) Equity	69,185	61,784	65,304	61,681	41,290

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	1,996	1,787	1,398	1,077	998
Impairment of goodwill and other intangibles (Note 4)	41	27	680	112	0
Losses on sales of businesses (including held-for-sale) (Note 3)	94	206	0	0	—
Deferred income tax (benefit) provision	−847	−123	−330	−234	−17
Restructuring charges, net of cash paid (Note 18)	206	122	30	−93	−22
Receivables, net	−448	−738	314	−871	−198
Inventories	−1,201	552	−862	−1,287	549
Accounts payable	258	297	−288	719	653
Accrued liabilities and other current assets	−151	628	−232	1,862	623
Income taxes	−266	−62	−232	−261	−260
Pension plan contributions (Note 12)	−139	−110	−21	3	−269
Other	842	−188	479	249	200
Net cash provided by (used in) operating activities	12,233	12,217	9,204	10,803	11,967
Capital expenditures	−1,569	−1,444	−1,321	−1,077	−748
Other acquisitions, net of acquired cash (Note 3)	0	43	0	0	—
Altria Group, Inc. agreement (Note 3)	0	0	−1,775	−1,002	0
Proceeds from sales of businesses, net of cash disposed (Note 3)	30	136	191	0	—
Purchases of debt securities	−202	−132	0	—	—
Sales and maturities of debt securities	116	0	0	—	—
Equity investments	−63	−124	−111	−20	−34
Collateral posted/settlements for derivatives, (paid)/returned (Note 14)	−2,274	351	−660	284	—
Other	−5	78	78	112	69
Net cash provided by (used in) investing activities	−3,967	−1,092	−3,598	−15,679	−2,358
Net issuances (repayments) - maturities of 90 days or less	19	−1,461	530	876	0
Issuances - maturities longer than 90 days	170	100	1,366	934	0
Repayments - maturities longer than 90 days	−170	−433	−1,172	−795	0
Repayments under credit facilities related to Swedish Match AB acquisition	0	−3,168	−4,430	−4,000	0
Long-term debt proceeds	7,055	8,142	9,959	5,965	0
Long-term debt repaid	−5,368	−4,803	−2,551	−2,724	−3,042
Dividends paid	−8,624	−8,197	−7,964	−7,812	−7,580
Collateral received/settlements for derivatives, received/(returned)	−693	828	−62	27	—
Payments to acquire Swedish Match AB noncontrolling interests	0	0	−883	−1,495	0
Noncontrolling interests activity and Other	−521	−489	−375	−881	−580
Net cash provided by (used in) financing activities	−8,132	−9,481	−5,582	3,806	−11,977
Effect of exchange rate changes on cash, cash equivalents and restricted cash	504	−536	−95	—	—
Increase (Decrease)	638	1,108	−71	−1,283	−2,785
Interest	1,688	1,559	1,342	717	716
Income taxes	3,852	3,178	2,952	2,751	2,936

Filings

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Frequently asked questions

What is Philip Morris International Inc.'s CIK number?

Philip Morris International Inc.'s SEC CIK number is 0001413329 (1413329). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Philip Morris International Inc.'s SEC filings?

All of Philip Morris International Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Philip Morris International Inc. last report earnings?

Philip Morris International Inc. (PM) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026385). This is Philip Morris International Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Philip Morris International Inc.'s most recent earnings 8-K?

Philip Morris International Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001628280-26-026385. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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