Stock Analysis on Net
Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

Common-Size Income Statement
Quarterly Data

Philip Morris International Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 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
Net revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -33.96 -35.33 -36.34 -38.27 -34.62 -36.00 -37.89 -39.39 -36.54 -33.81 -33.67 -34.64 -31.96 -30.98 -29.98 -34.55 -32.45 -32.76 -33.58 -36.02 -34.09 -34.61 -36.51
Gross profit 66.04% 64.67% 63.66% 61.73% 65.38% 64.00% 62.11% 60.61% 63.46% 66.19% 66.33% 65.36% 68.04% 69.02% 70.02% 65.45% 67.55% 67.24% 66.42% 63.98% 65.91% 65.39% 63.49%
Marketing, administration and research costs -29.17 -28.30 -29.03 -29.80 -28.51 -27.97 -28.06 -24.74 -26.51 -27.17 -23.75 -29.00 -25.50 -27.81 -24.61 -26.42 -24.00 -26.18 -27.43 -31.49 -29.43 -23.99 -33.12
Impairment of goodwill 0.00 0.00 0.00 0.00 0.00 -7.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income 36.87% 36.38% 34.63% 31.93% 36.87% 28.62% 34.06% 35.87% 36.95% 39.02% 42.58% 36.36% 42.54% 41.20% 45.41% 39.02% 43.55% 41.06% 38.99% 32.49% 36.48% 41.39% 30.37%
Interest expense, net -1.91 -3.47 -3.40 -3.02 -2.86 -3.31 -2.87 -2.09 -1.72 -1.61 -1.99 -1.80 -1.90 -2.12 -2.20 -2.20 -2.19 -2.44 -1.80 -1.76 -1.73 -1.95 -2.25
Pension and other employee benefit costs -0.15 -0.15 -0.17 -0.10 -0.09 -0.07 -0.27 -0.10 -0.09 -0.06 -0.05 -0.41 -0.33 -0.36 -0.37 -0.39 -0.31 -0.33 -0.32 -0.36 -0.26 -0.26 -0.31
Earnings before income taxes 34.81% 32.75% 31.06% 28.82% 33.92% 25.24% 30.91% 33.68% 35.15% 37.35% 40.54% 34.16% 40.31% 38.73% 42.83% 36.43% 41.06% 38.29% 36.87% 30.36% 34.49% 39.19% 27.80%
Provision for income taxes -7.42 -7.75 -7.69 -3.54 -11.28 -6.25 -5.34 -5.02 -7.74 -7.58 -7.99 -7.32 -9.05 -8.51 -9.19 -8.23 -8.60 -7.94 -8.33 -8.08 -8.31 -7.94 -6.28
Equity investments and securities income (loss), net 5.04 1.70 2.17 0.29 1.10 -0.23 0.64 1.93 0.26 0.19 -0.72 0.67 0.60 0.04 0.57 0.27 0.27 0.45 -0.75 0.82 0.59 0.39 0.16
Net earnings 32.44% 26.70% 25.54% 25.57% 23.75% 18.76% 26.21% 30.59% 27.66% 29.95% 31.82% 27.50% 31.86% 30.26% 34.21% 28.47% 32.73% 30.81% 27.78% 23.10% 26.77% 31.64% 21.69%
Net earnings attributable to noncontrolling interests -1.34 -1.29 -1.11 -1.29 -1.28 -1.27 -1.33 -1.19 -1.68 -1.44 -1.73 -1.68 -1.99 -1.66 -2.33 -1.92 -1.75 -1.53 -2.25 -2.15 -1.96 -1.52 -1.63
Net earnings attributable to PMI 31.10% 25.41% 24.43% 24.27% 22.47% 17.49% 24.88% 29.40% 25.98% 28.51% 30.09% 25.83% 29.87% 28.60% 31.88% 26.54% 30.98% 29.27% 25.53% 20.95% 24.81% 30.12% 20.06%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Philip Morris International Inc. operating income as a percentage of net revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Philip Morris International Inc. earnings before income taxes as a percentage of net revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net earnings attributable to PMI The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Philip Morris International Inc. net earnings attributable to PMI as a percentage of net revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.