For the year ending 2025-12-31, PM has $69,185M in assets. $77,213M in debts. $4,872M in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 4,872 | 4,216 | 3,060 | 3,207 |
| Trade receivables (less allowances of 23 in 2025 and 47 in 2024) | 4,572 | 3,789 | 3,461 | 3,850 |
| Other receivables (less allowances of 24 in 2025 and 22 in 2024) | 1,238 | 886 | 930 | 906 |
| Leaf tobacco | 2,425 | 2,080 | 1,942 | 1,674 |
| Other raw materials | 2,223 | 2,261 | 2,293 | 2,028 |
| Finished product | 6,830 | 5,112 | 6,539 | 6,184 |
| Total inventory, net | 11,478 | 9,453 | 10,774 | 9,886 |
| Other current assets | 2,203 | 1,826 | 1,530 | 1,770 |
| Total current assets | 24,363 | 20,170 | 19,755 | 19,619 |
| Land and land improvements | 562 | 581 | 550 | 545 |
| Buildings and building equipment | 5,050 | 4,391 | 4,617 | 4,291 |
| Machinery and equipment | 12,533 | 10,632 | 10,713 | 9,549 |
| Construction in progress | 1,471 | 1,081 | 1,200 | 1,058 |
| Property plant and equipment, gross | 19,616 | 16,685 | 17,080 | 15,443 |
| Less accumulated depreciation | 11,219 | 9,375 | 9,564 | 8,733 |
| Property plant and equipment, net | 8,397 | 7,310 | 7,516 | 6,710 |
| Goodwill (note 4) | 17,264 | 16,600 | 16,779 | 19,655 |
| Total other intangible assets, gross | 14,011 | 13,389 | 11,427 | 7,761 |
| Accumulated amortization | 3,127 | 2,062 | 1,563 | 1,029 |
| Other intangible assets, net (note 4) | 10,884 | 11,327 | 9,864 | 6,732 |
| Equity investments (note 5) | 2,891 | 2,654 | 4,929 | 4,431 |
| Deferred income taxes (note 10) | 1,247 | 940 | 814 | 603 |
| Other assets (less allowances of 12 in 2025 and 26 in 2024) | 4,139 | 2,783 | 5,647 | 3,931 |
| Total assets | 69,185 | 61,784 | 65,304 | 61,681 |
| Short-term borrowings (note 6) | 168 | 137 | 1,968 | 5,637 |
| Current portion of long-term debt (note 6) | 3,533 | 3,392 | 4,698 | 2,611 |
| Accounts payable | 4,407 | 3,952 | 4,143 | 4,076 |
| Marketing and selling | 1,354 | 1,015 | 862 | 695 |
| Taxes, except income taxes | 7,555 | 6,904 | 7,514 | 7,440 |
| Employment costs | 1,545 | 1,305 | 1,262 | 1,168 |
| Dividends payable | 2,312 | 2,120 | 2,041 | 1,990 |
| Other | 3,298 | 2,832 | 2,737 | 2,679 |
| Income taxes | 1,255 | 1,258 | 1,158 | 1,040 |
| Total current liabilities | 25,427 | 22,915 | 26,383 | 27,336 |
| Long-term debt (note 6) | 45,134 | 42,166 | 41,243 | 34,875 |
| Deferred income taxes (note 10) | 2,065 | 2,517 | 2,335 | 1,956 |
| Employment costs | 2,406 | 2,940 | 3,046 | 1,984 |
| Income taxes and other liabilities (note 12) | - | 1,116 | 1,743 | 1,841 |
| Other liabilities | 2,181 | - | - | - |
| Total liabilities | 77,213 | 71,654 | 74,750 | 67,992 |
| Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) (note 7) | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 2,453 | 2,335 | 2,285 | 2,230 |
| Earnings reinvested in the business | 35,400 | 32,869 | 34,090 | 34,289 |
| Accumulated other comprehensive losses (note 15) | -12,296 | -11,314 | -11,815 | -9,559 |
| Total stockholders' equity before treasury stock | 25,557 | 23,890 | 24,560 | 26,960 |
| Less cost of repurchased stock (552,659,642 and 554,470,731 shares in 2025 and 2024, respectively) | 35,551 | 35,640 | 35,785 | 35,917 |
| Total pmi stockholders deficit | -9,994 | -11,750 | -11,225 | -8,957 |
| Noncontrolling interests | 1,966 | 1,880 | 1,779 | 2,646 |
| Total stockholders deficit | -8,028 | -9,870 | -9,446 | -6,311 |
| Total liabilities and stockholders (deficit) equity | 69,185 | 61,784 | 65,304 | 61,681 |
Philip Morris International Inc. (PM)
Philip Morris International Inc. (PM)