PHILIP MORRIS INTERNATIONAL INC. (PM) FY2024 Annual P&L / Income Statement

PHILIP MORRIS INTERNATIONAL INC. (PM) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenues (Notes 6 & 13)

37,878,000,000 US dollars

Cost of sales (Notes 4 & 5)

13,329,000,000 US dollars

Gross profit

24,549,000,000 US dollars

Operating expenses (calculated)

11,147,000,000 US dollars

Operating income

13,402,000,000 US dollars

Other income (expense), net (calculated)

negative 1,203,000,000 US dollars

Earnings before income taxes

12,199,000,000 US dollars

Provision for income taxes (Note 12)

3,017,000,000 US dollars

Net earnings

7,503,000,000 US dollars

Combustible Tobacco Products

23,218,000,000 US dollars

Smoke-Free Products

14,660,000,000 US dollars

Impairment of goodwill (Note 5)

0 US dollars

Marketing, administration and research costs (Notes 3, 4, 5, 13 & 20)

11,147,000,000 US dollars

Impairment related to the RBH equity investment (Note 6)

negative 2,316,000,000 US dollars. Reported below-tax contribution to net income.

Equity investments and securities (income)/loss, net

637,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Of which attributable to PHILIP MORRIS INTERNATIONAL INC.: $7.06 B; to noncontrolling interests: $446.00 M.