Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Philip Morris International Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Short-term borrowings 137 1,968 5,637 225 244
Current portion of long-term debt 3,392 4,698 2,611 2,798 3,124
Accounts payable 3,952 4,143 4,076 3,331 2,780
Marketing and selling 1,015 862 695 811 782
Taxes, except income taxes 6,904 7,514 7,440 6,324 6,403
Employment costs 1,305 1,262 1,168 1,146 1,189
Dividends payable 2,120 2,041 1,990 1,958 1,880
Other 2,832 2,737 2,679 1,637 2,122
Accrued liabilities 14,176 14,416 13,972 11,876 12,376
Income taxes 1,258 1,158 1,040 1,025 1,091
Current liabilities 22,915 26,383 27,336 19,255 19,615
Long-term debt, excluding current portion 42,166 41,243 34,875 24,783 28,168
Deferred income taxes 2,517 2,335 1,956 726 684
Employment costs 2,940 3,046 1,984 2,968 4,470
Income taxes and other liabilities 1,116 1,743 1,841 1,766 2,509
Noncurrent liabilities 48,739 48,367 40,656 30,243 35,831
Total liabilities 71,654 74,750 67,992 49,498 55,446
Common stock, no par value
Additional paid-in capital 2,335 2,285 2,230 2,225 2,105
Earnings reinvested in the business 32,869 34,090 34,289 33,082 31,638
Accumulated other comprehensive losses (11,314) (11,815) (9,559) (9,577) (11,181)
Cost of repurchased stock (35,640) (35,785) (35,917) (35,836) (35,129)
Total PMI stockholders’ deficit (11,750) (11,225) (8,957) (10,106) (12,567)
Noncontrolling interests 1,880 1,779 2,646 1,898 1,936
Total stockholders’ deficit (9,870) (9,446) (6,311) (8,208) (10,631)
Total liabilities and stockholders’ deficit 61,784 65,304 61,681 41,290 44,815

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Philip Morris International Inc. current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Philip Morris International Inc. noncurrent liabilities increased from 2022 to 2023 and from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Philip Morris International Inc. total liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Total PMI stockholders’ deficit Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Philip Morris International Inc. total PMI stockholders’ deficit decreased from 2022 to 2023 and from 2023 to 2024.