Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

$24.99

Analysis of Geographic Areas

Microsoft Excel

Philip Morris International Inc. operates in 6 regions: Europe Region; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); Americas Region; Swedish Match; and Wellness and Healthcare.

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Area Profit Margin

Philip Morris International Inc., profit margin by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare

Based on: 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), 10-K (reporting date: 2019-12-31).

Area profitability ratio Geographic area The company
Area profit margin Europe Region Europe Region area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Americas Region Americas Region area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Swedish Match Swedish Match area profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Wellness and Healthcare Wellness and Healthcare area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Profit Margin: Europe Region

Philip Morris International Inc.; Europe Region; area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin Europe Region Europe Region area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Profit Margin: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)

Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Area Profit Margin: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)

Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Profit Margin: Americas Region

Philip Morris International Inc.; Americas Region; area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin Americas Region Americas Region area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Profit Margin: Swedish Match

Philip Morris International Inc.; Swedish Match; area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin Swedish Match Swedish Match area profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Profit Margin: Wellness and Healthcare

Philip Morris International Inc.; Wellness and Healthcare; area profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Net revenues
Area Profitability Ratio
Area profit margin1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area profit margin Wellness and Healthcare Wellness and Healthcare area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Return on Assets (Area ROA)

Philip Morris International Inc., ROA by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare

Based on: 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), 10-K (reporting date: 2019-12-31).

Area profitability ratio Geographic area The company
Area ROA Europe Region Europe Region area ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Americas Region Americas Region area ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
Swedish Match
Wellness and Healthcare

Area ROA: Europe Region

Philip Morris International Inc.; Europe Region; area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA Europe Region Europe Region area ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Area ROA: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)

Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Area ROA: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)

Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Area ROA: Americas Region

Philip Morris International Inc.; Americas Region; area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA Americas Region Americas Region area ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Area ROA: Swedish Match

Philip Morris International Inc.; Swedish Match; area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA Swedish Match

Area ROA: Wellness and Healthcare

Philip Morris International Inc.; Wellness and Healthcare; area ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income (loss)
Long-lived assets
Area Profitability Ratio
Area ROA1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × ÷ =

Area profitability ratio Geographic area The company
Area ROA Wellness and Healthcare

Area Asset Turnover

Philip Morris International Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare

Based on: 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), 10-K (reporting date: 2019-12-31).

Area activity ratio Geographic area The company
Area asset turnover Europe Region Europe Region area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Americas Region Americas Region area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Swedish Match
Wellness and Healthcare

Area Asset Turnover: Europe Region

Philip Morris International Inc.; Europe Region; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Europe Region Europe Region area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)

Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Area Asset Turnover: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)

Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Americas Region

Philip Morris International Inc.; Americas Region; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Americas Region Americas Region area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Swedish Match

Philip Morris International Inc.; Swedish Match; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Swedish Match

Area Asset Turnover: Wellness and Healthcare

Philip Morris International Inc.; Wellness and Healthcare; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Wellness and Healthcare

Area Capital Expenditures to Depreciation

Philip Morris International Inc., capital expenditures to depreciation by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare

Based on: 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), 10-K (reporting date: 2019-12-31).

Area financial ratio Geographic area The company
Area capital expenditures to depreciation Europe Region Europe Region area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Americas Region Americas Region area capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Swedish Match Swedish Match area capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Wellness and Healthcare Wellness and Healthcare area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Capital Expenditures to Depreciation: Europe Region

Philip Morris International Inc.; Europe Region; area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation Europe Region Europe Region area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Capital Expenditures to Depreciation: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)

Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Capital Expenditures to Depreciation: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)

Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Area Capital Expenditures to Depreciation: Americas Region

Philip Morris International Inc.; Americas Region; area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation Americas Region Americas Region area capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Area Capital Expenditures to Depreciation: Swedish Match

Philip Morris International Inc.; Swedish Match; area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation Swedish Match Swedish Match area capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Area Capital Expenditures to Depreciation: Wellness and Healthcare

Philip Morris International Inc.; Wellness and Healthcare; area capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures
Depreciation and amortization expense
Area Financial Ratio
Area capital expenditures to depreciation1

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= ÷ =

Area financial ratio Geographic area The company
Area capital expenditures to depreciation Wellness and Healthcare Wellness and Healthcare area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net revenues

Philip Morris International Inc., net revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare
Total

Based on: 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), 10-K (reporting date: 2019-12-31).


Operating income (loss)

Philip Morris International Inc., operating income (loss) by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare
Total

Based on: 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), 10-K (reporting date: 2019-12-31).


Depreciation and amortization expense

Philip Morris International Inc., depreciation and amortization expense by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare
Total

Based on: 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), 10-K (reporting date: 2019-12-31).


Capital expenditures

Philip Morris International Inc., capital expenditures by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare
Total

Based on: 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), 10-K (reporting date: 2019-12-31).


Long-lived assets

Philip Morris International Inc., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Europe Region
South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Americas Region
Swedish Match
Wellness and Healthcare
Total

Based on: 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), 10-K (reporting date: 2019-12-31).