Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2024 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
Short-term borrowings 137 152 139 279 1,968 2,149 4,121 4,803 5,637 2,818 1,558 2,441 225 223 136 192 244 152 281 1,438
Current portion of long-term debt 3,392 4,833 4,353 5,425 4,698 2,652 2,372 1,902 2,611 2,641 4,149 2,897 2,798 3,114 1,608 1,930 3,124 1,992 2,304 1,933
Accounts payable 3,952 3,511 3,591 3,648 4,143 3,533 3,786 3,945 4,076 3,342 3,279 3,203 3,331 2,810 2,630 2,537 2,780 2,155 1,991 2,073
Marketing and selling 1,015 1,043 961 823 862 857 820 662 695 700 739 678 811 804 722 634 782 752 718 645
Taxes, except income taxes 6,904 6,594 6,826 5,799 7,514 5,853 5,939 5,133 7,440 5,001 5,261 5,618 6,324 5,063 5,244 4,253 6,403 4,870 5,293 5,058
Employment costs 1,305 1,235 1,052 925 1,262 1,131 1,023 939 1,168 968 911 864 1,146 1,058 1,016 939 1,189 981 928 783
Dividends payable 2,120 2,119 2,040 2,038 2,041 2,040 1,992 1,991 1,990 1,990 1,958 1,958 1,958 1,967 1,889 1,885 1,880 1,879 1,833 1,832
Other 2,832 2,820 2,453 2,409 2,737 2,250 2,348 2,675 2,679 2,268 1,862 1,854 1,637 1,891 1,859 1,826 2,122 1,897 1,656 2,011
Accrued liabilities 14,176 13,811 13,332 11,994 14,416 12,131 12,122 11,400 13,972 10,927 10,731 10,972 11,876 10,783 10,730 9,537 12,376 10,379 10,428 10,329
Income taxes 1,258 1,059 1,001 822 1,158 1,082 844 935 1,040 1,044 830 904 1,025 947 780 1,019 1,091 847 788 811
Current liabilities 22,915 23,366 22,416 22,168 26,383 21,547 23,245 22,985 27,336 20,772 20,547 20,417 19,255 17,877 15,884 15,215 19,615 15,525 15,792 16,584
Long-term debt, excluding current portion 42,166 44,237 44,647 44,683 41,243 42,914 41,400 40,416 34,875 21,762 22,345 24,019 24,783 25,768 27,414 27,276 28,168 27,346 27,043 24,999
Deferred income taxes 2,517 2,547 2,651 2,664 2,335 2,903 1,710 1,822 1,956 923 856 751 726 720 505 511 684 661 775 838
Employment costs 2,940 2,957 2,823 2,824 3,046 1,915 1,984 1,977 1,984 2,597 2,752 2,880 2,968 3,988 4,054 4,164 4,470 3,589 3,547 3,560
Income taxes and other liabilities 1,116 1,498 1,187 1,539 1,743 1,354 1,489 1,913 1,841 2,066 1,720 1,869 1,766 1,868 2,029 2,212 2,509 2,253 2,125 2,576
Noncurrent liabilities 48,739 51,239 51,308 51,710 48,367 49,086 46,583 46,128 40,656 27,348 27,673 29,519 30,243 32,344 34,002 34,163 35,831 33,849 33,490 31,973
Total liabilities 71,654 74,605 73,724 73,878 74,750 70,633 69,828 69,113 67,992 48,120 48,220 49,936 49,498 50,221 49,886 49,378 55,446 49,374 49,282 48,557
Common stock, no par value
Additional paid-in capital 2,335 2,283 2,249 2,205 2,285 2,253 2,240 2,188 2,230 2,204 2,165 2,118 2,225 2,181 2,143 2,080 2,105 2,071 2,044 1,992
Earnings reinvested in the business 32,869 35,556 34,582 34,208 34,090 33,919 33,893 34,303 34,289 33,865 33,755 33,468 33,082 32,935 32,465 32,178 31,638 31,537 31,103 30,984
Accumulated other comprehensive losses (11,314) (11,892) (10,930) (11,065) (11,815) (9,817) (10,045) (9,614) (9,559) (9,288) (9,043) (9,760) (9,577) (10,520) (10,665) (10,746) (11,181) (10,567) (10,009) (10,774)
Cost of repurchased stock (35,640) (35,641) (35,645) (35,657) (35,785) (35,788) (35,791) (35,801) (35,917) (35,918) (35,921) (35,924) (35,836) (35,147) (35,056) (35,060) (35,129) (35,133) (35,135) (35,146)
Total PMI stockholders’ deficit (11,750) (9,694) (9,744) (10,309) (11,225) (9,433) (9,703) (8,924) (8,957) (9,137) (9,044) (10,098) (10,106) (10,551) (11,113) (11,548) (12,567) (12,092) (11,997) (12,944)
Noncontrolling interests 1,880 1,981 1,802 1,746 1,779 1,727 1,743 1,871 2,646 1,734 1,784 1,895 1,898 1,919 1,913 1,974 1,936 1,847 1,877 1,881
Total stockholders’ deficit (9,870) (7,713) (7,942) (8,563) (9,446) (7,706) (7,960) (7,053) (6,311) (7,403) (7,260) (8,203) (8,208) (8,632) (9,200) (9,574) (10,631) (10,245) (10,120) (11,063)
Total liabilities and stockholders’ deficit 61,784 66,892 65,782 65,315 65,304 62,927 61,868 62,060 61,681 40,717 40,960 41,733 41,290 41,589 40,686 39,804 44,815 39,129 39,162 37,494

Based on: 10-K (reporting date: 2024-12-31), 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).

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 increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Philip Morris International Inc. noncurrent liabilities decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 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 increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.