PM
Income statement / Annual
Last year (2023), Philip Morris International Inc.'s total revenue was $35.17 B,
an increase of 10.74% from the previous year.
In 2023, Philip Morris International Inc.'s net income was $7.79 B.
See Philip Morris International Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$35.17 B
|
$31.76 B
|
$31.41 B
|
$28.69 B
|
$29.81 B
|
$29.63 B
|
$28.75 B
|
$26.69 B
|
$26.79 B
|
$29.77 B
|
| Cost of Revenue |
$12.88 B |
$11.23 B |
$10.03 B |
$9.57 B |
$10.51 B |
$10.76 B |
$10.43 B |
$9.39 B |
$9.37 B |
$10.44 B |
| Gross Profit |
$22.30 B |
$20.53 B |
$21.38 B |
$19.13 B |
$19.29 B |
$18.87 B |
$18.32 B |
$17.29 B |
$17.43 B |
$19.33 B |
| Gross Profit Ratio |
0.63 |
0.65 |
0.68 |
0.67 |
0.65 |
0.64 |
0.64 |
0.65 |
0.65 |
0.65 |
| Research and Development
Expenses |
$709.00 M
|
$642.00 M
|
$617.00 M
|
$495.00 M
|
$465.00 M
|
$383.00 M
|
$453.00 M
|
$429.00 M
|
$423.00 M
|
$433.00 M
|
| General & Administrative
Expenses |
$10.11 B
|
$8.14 B
|
$8.52 B
|
$7.48 B
|
$8.78 B
|
$7.45 B
|
$6.73 B
|
$6.41 B
|
$6.66 B
|
$7.00 B
|
| Selling & Marketing
Expenses |
-$506.00 M
|
-$148.00 M
|
$8.30 B
|
$7.38 B
|
$8.70 B
|
$7.41 B
|
$6.73 B
|
$6.41 B
|
$6.66 B
|
$7.00 B
|
| Selling, General &
Administrative Expenses |
$9.60 B
|
$7.99 B
|
$8.30 B
|
$7.41 B
|
$8.17 B
|
$7.45 B
|
$6.73 B
|
$6.41 B
|
$6.66 B
|
$7.00 B
|
| Other Expenses |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
-$41.00 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$10.63 B |
$8.18 B |
$8.37 B |
$7.54 B |
$8.70 B |
$7.47 B |
$6.75 B |
$6.39 B |
$6.70 B |
$7.52 B |
| Cost And Expenses |
$23.51 B |
$19.40 B |
$18.40 B |
$17.11 B |
$19.21 B |
$18.23 B |
$17.19 B |
$15.78 B |
$16.07 B |
$17.96 B |
| Interest Income |
$465.00 M |
$180.00 M |
$109.00 M |
$110.00 M |
$226.00 M |
$190.00 M |
$182.00 M |
$178.00 M |
$124.00 M |
$118.00 M |
| Interest Expense |
$1.53 B |
$768.00 M |
$737.00 M |
$728.00 M |
$570.00 M |
$665.00 M |
$914.00 M |
$891.00 M |
$1.13 B |
$1.17 B |
| Depreciation &
Amortization |
$1.40 B
|
$1.19 B
|
$998.00 M
|
$981.00 M
|
$964.00 M
|
$989.00 M
|
$875.00 M
|
$743.00 M
|
$754.00 M
|
$889.00 M
|
| EBITDA |
$13.91 B
|
$13.79 B
|
$14.17 B
|
$12.92 B
|
$11.95 B
|
$12.58 B
|
$12.46 B
|
$11.71 B
|
$11.47 B
|
$12.67 B
|
| EBITDA Ratio |
0.4 |
0.43 |
0.45 |
0.44 |
0.4 |
0.42 |
0.43 |
0.43 |
0.43 |
0.44 |
| Operating Income Ratio
|
0.36
|
0.39
|
0.42
|
0.41
|
0.37
|
0.38
|
0.4
|
0.41
|
0.4
|
0.41
|
| Total Other
Income/Expenses Net |
-$2.09 B
|
-$773.00 M
|
-$695.00 M
|
-$751.00 M
|
-$1.04 B
|
-$605.00 M
|
-$855.00 M
|
-$797.00 M
|
-$971.00 M
|
-$947.00 M
|
| Income Before Tax |
$10.61 B |
$11.77 B |
$12.38 B |
$10.97 B |
$10.02 B |
$10.73 B |
$10.65 B |
$10.02 B |
$9.72 B |
$10.76 B |
| Income Before Tax Ratio
|
0.3
|
0.37
|
0.39
|
0.38
|
0.34
|
0.36
|
0.37
|
0.38
|
0.36
|
0.36
|
| Income Tax Expense |
$2.34 B |
$2.24 B |
$2.67 B |
$2.38 B |
$2.29 B |
$2.45 B |
$4.31 B |
$2.77 B |
$2.69 B |
$3.10 B |
| Net Income |
$7.79 B |
$9.05 B |
$9.11 B |
$8.06 B |
$7.19 B |
$7.91 B |
$6.04 B |
$6.97 B |
$6.87 B |
$7.49 B |
| Net Income Ratio |
0.22 |
0.28 |
0.29 |
0.28 |
0.24 |
0.27 |
0.21 |
0.26 |
0.26 |
0.25 |
| EPS |
5.02 |
5.82 |
5.83 |
5.16 |
4.61 |
5.09 |
3.88 |
4.48 |
4.42 |
4.76 |
| EPS Diluted |
5.02 |
5.81 |
5.83 |
5.16 |
4.61 |
5.09 |
3.88 |
4.48 |
4.42 |
4.76 |
| Weighted Average Shares
Out |
$1.55 B
|
$1.55 B
|
$1.56 B
|
$1.56 B
|
$1.56 B
|
$1.56 B
|
$1.55 B
|
$1.55 B
|
$1.55 B
|
$1.57 B
|
| Weighted Average Shares
Out Diluted |
$1.55 B
|
$1.55 B
|
$1.56 B
|
$1.56 B
|
$1.56 B
|
$1.56 B
|
$1.55 B
|
$1.55 B
|
$1.55 B
|
$1.57 B
|
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