← Philip Morris International Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $4.2b $8.4b $6.6b $6.9b $7.3b $4.5b $3.2b $3.1b $4.2b $4.9b
Cash and cash equivalents $4.2b $8.4b $6.6b $6.9b $7.3b $4.5b $3.2b $3.1b $4.2b $4.9b
Other current assets $853.0m $603.0m $481.0m $701.0m $860.0m $561.0m $1.8b $1.5b $1.8b $2.2b
Other receivables (less allowances of $24 in 2025 and $22 in 2024) — $544.0m $614.0m $637.0m $856.0m $817.0m $906.0m $930.0m $886.0m $1.2b
Trade receivables (less allowances of $23 in 2025 and $47 in 2024) $3.5b $3.7b $3.0b $3.1b $2.9b $3.1b $3.9b $3.5b $3.8b $4.6b
Inventory, Net $9.0b $8.8b $8.8b $9.2b $9.6b $8.7b $9.9b $10.8b $9.5b $11.5b
Total inventory, net $9.0b $8.8b $8.8b $9.2b $9.6b $8.7b $9.9b $10.8b $9.5b $11.5b
Assets, Current $17.6b $21.6b $19.4b $20.5b $21.5b $17.7b $19.6b $19.8b $20.2b $24.4b
Total current assets $17.6b $21.6b $19.4b $20.5b $21.5b $17.7b $19.6b $19.8b $20.2b $24.4b
Property, Plant and Equipment, Net $6.1b $7.3b $7.2b $6.6b $6.4b $6.2b $6.7b $7.5b $7.3b $8.4b
Goodwill $7.3b $7.7b $7.2b $5.9b $6.0b $6.7b $19.7b $16.8b $16.6b $17.3b
Goodwill (Note 4) $7.3b $7.7b $7.2b $5.9b $6.0b $6.7b $19.7b $16.8b $16.6b $17.3b
Intangible Assets, Net (Excluding Goodwill) $2.5b $2.4b $2.3b $2.1b $2.0b $2.8b $6.7b $9.9b $11.3b $10.9b
Other intangible assets, net (Note 4) $2.5b $2.4b $2.3b $2.1b $2.0b $2.8b $6.7b $9.9b $11.3b $10.9b
Operating Lease, Right-of-Use Asset — — — $766.0m $697.0m $526.0m $594.0m $631.0m $585.0m $679.0m
Other Assets, Noncurrent $1.5b $1.9b $1.4b $2.0b $2.8b $2.5b $3.9b $5.6b $2.8b $4.1b
Other assets (less allowances of $12 in 2025 and $26 in 2024) $1.5b $1.9b $1.4b $2.0b $2.8b $2.5b $3.9b $5.6b $2.8b $4.1b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $3.5b $3.7b $3.0b $3.1b $2.9b $3.1b $3.9b $3.5b $3.8b $4.6b
Buildings and building equipment $3.5b $4.0b $4.0b $4.1b $4.4b $4.3b $4.3b $4.6b $4.4b $5.0b
Construction in progress $930.0m $962.0m $886.0m $394.0m $449.0m $599.0m $1.1b $1.2b $1.1b $1.5b
Deferred income taxes (Note 10) $1.9b $799.0m $898.0m $908.0m $684.0m $726.0m $2.0b $2.3b $2.5b $2.1b
Earnings reinvested in the business $30.4b $29.9b $31.0b $31.0b $31.6b $33.1b $34.3b $34.1b $32.9b $35.4b
Employment costs $2.8b $2.3b $3.1b $3.6b $4.5b $3.0b $2.0b $3.0b $2.9b $2.4b
Equity investments (Note 5) — — — $4.6b $4.8b $4.5b $4.4b $4.9b $2.7b $2.9b
Finished product $5.0b $4.6b $5.1b $5.6b $5.8b $5.4b $6.2b $6.5b $5.1b $6.8b
Income taxes $832.0m $812.0m $576.0m $796.0m $1.1b $1.0b $1.0b $1.2b $1.3b $1.3b
Land and land improvements $590.0m $639.0m $600.0m $566.0m $590.0m $565.0m $545.0m $550.0m $581.0m $562.0m
Leaf tobacco $2.5b $2.6b $2.3b $2.1b $2.1b $1.6b $1.7b $1.9b $2.1b $2.4b
Less: accumulated depreciation $6.3b $7.3b $7.4b $7.8b $8.5b $8.6b $8.7b $9.6b $9.4b $11.2b
Less: cost of repurchased stock (552,659,642 and 554,470,731 shares in 2025 and 2024, respectively) $35.5b $35.4b $35.3b $35.2b $35.1b $35.8b $35.9b $35.8b $35.6b $35.6b
Machinery and equipment $7.4b $9.0b $9.1b $9.4b $9.5b $9.3b $9.5b $10.7b $10.6b $12.5b
Marketing and selling $575.0m $708.0m $732.0m $666.0m $782.0m $811.0m $695.0m $862.0m $1.0b $1.4b
Other $1.6b $1.3b $1.4b $2.0b $2.1b $1.6b $2.7b $2.7b $2.8b $3.3b
Other liabilities $736.0m — — — — — — — $1.1b $2.2b
Other raw materials $1.6b $1.6b $1.4b $1.6b $1.7b $1.7b $2.0b $2.3b $2.3b $2.2b
Short-term borrowings (Note 6) $643.0m $499.0m $730.0m $338.0m $244.0m $225.0m $5.6b $2.0b $137.0m $168.0m
Taxes, except income taxes $6.2b $5.3b $5.1b $5.8b $6.4b $6.3b $7.4b $7.5b $6.9b $7.6b
Total PMI stockholders’ deficit ($12.7b) ($12.1b) ($12.5b) ($11.6b) ($12.6b) ($10.1b) ($9.0b) ($11.2b) ($11.8b) ($10.0b)
Total stockholders’ deficit ($10.9b) ($10.2b) ($10.7b) ($9.6b) ($10.6b) ($8.2b) ($6.3b) ($9.4b) ($9.9b) ($8.0b)
Assets $36.9b $43.0b $39.8b $42.9b $44.8b $41.3b $61.7b $65.3b $61.8b $69.2b
Total Assets $36.9b $43.0b $39.8b $42.9b $44.8b $41.3b $61.7b $65.3b $61.8b $69.2b
LIABILITIES AND EQUITY
Total Liabilities and Stockholders’ (Deficit) Equity $36.9b $43.0b $39.8b $42.9b $44.8b $41.3b $61.7b $65.3b $61.8b $69.2b
Current liabilities:
Accounts Payable, Current $1.7b $2.2b $2.1b $2.3b $2.8b $3.3b $4.1b $4.1b $4.0b $4.4b
Current portion of long-term debt (Note 6) $2.6b $2.5b $4.1b $4.1b $3.1b $2.8b $2.6b $4.7b $3.4b $3.5b
Dividends Payable, Current $1.6b $1.7b $1.8b $1.8b $1.9b $2.0b $2.0b $2.0b $2.1b $2.3b
Dividends payable $2k $2k $2k $2k $2k $2k $2k $2k $2k $2k
Operating Lease, Liability, Current — — — $194.0m $190.0m $192.0m $178.0m $197.0m $177.0m $207.0m
Operating Lease, Liability, Noncurrent — — — $569.0m $517.0m $344.0m $436.0m $456.0m $427.0m $526.0m
Liabilities, Current $16.5b $16.0b $17.2b $18.8b $19.6b $19.3b $27.3b $26.4b $22.9b $25.4b
Total current liabilities $16.5b $16.0b $17.2b $18.8b $19.6b $19.3b $27.3b $26.4b $22.9b $25.4b
Deferred Income Tax Liabilities, Net $1.9b $799.0m $898.0m $908.0m $684.0m $726.0m $2.0b $2.3b $2.5b $2.1b
Long-term debt (Note 6) $25.9b $31.3b $27.0b $26.7b $28.2b $24.8b $34.9b $41.2b $42.2b $45.1b
Other Liabilities, Noncurrent $736.0m — — — — — — — — $2.2b
Deferred Tax Liabilities, Net $1.0b — — — — — $1.4b $1.5b $1.6b $818.0m
Liabilities $47.8b $53.2b $50.5b $52.5b $55.4b $49.5b $68.0b $74.8b $71.7b $77.2b
Total liabilities $47.8b $53.2b $50.5b $52.5b $55.4b $49.5b $68.0b $74.8b $71.7b $77.2b
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($9.6b) ($8.5b) ($10.1b) ($9.4b) ($11.2b) ($9.6b) ($9.6b) ($11.8b) ($11.3b) ($12.3b)
Accumulated other comprehensive losses (Note 15) ($9.6b) ($8.5b) ($10.1b) ($9.4b) ($11.2b) ($9.6b) ($9.6b) ($11.8b) ($11.3b) ($12.3b)
Additional Paid in Capital, Common Stock $2.0b $2.0b $1.9b $2.0b $2.1b $2.2b $2.2b $2.3b $2.3b $2.5b
Additional paid-in capital $2.0b $2.0b $1.9b $2.0b $2.1b $2.2b $2.2b $2.3b $2.3b $2.5b
Common Stock, Value, Issued $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) (Note 7) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings (Accumulated Deficit) $30.4b $29.9b $31.0b $31.0b $31.6b $33.1b $34.3b $34.1b $32.9b $35.4b
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax $3.6b $2.8b $3.6b — — $2.9b $1.8b $2.6b $2.5b $1.4b
Total stockholders' equity before treasury stock $22.8b $23.3b $22.8b $23.6b $22.6b $25.7b $27.0b $24.6b $23.9b $25.6b
Stockholders' Equity Attributable to Parent ($12.7b) ($12.1b) ($12.5b) ($11.6b) ($12.6b) ($10.1b) ($9.0b) ($11.2b) ($11.8b) ($10.0b)
Noncontrolling interests $1.8b $1.9b $1.7b $2.0b $1.9b $1.9b $2.6b $1.8b $1.9b $2.0b
Stockholders' Equity Attributable to Noncontrolling Interest $1.8b $1.9b $1.7b $2.0b $1.9b $1.9b $2.6b $1.8b $1.9b $2.0b
Liabilities and Equity $36.9b $43.0b $39.8b $42.9b $44.8b $41.3b $61.7b $65.3b $61.8b $69.2b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.