Philip Morris International Inc. (PM)
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
Sector: Cigarettes
Industry: Tobacco
Philip Morris International Inc.
NYSE:PMConsumer Defensive · Tobacco
-0.88%$199.96
AH Close$199.96+0.00%vs close
AH Close$199.96+0.00%vs close
Mkt Cap$311.67B
Float1.56B
O/S1.56B
Inst Own82.2%
SI1.1%
Div Yield3.01%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$40.65B
Net Income$11.35B
Total Assets$69.19B
Free Cash Flow$10.66B
Debt & Equity
Debt 126%
Total Debt$48.84B
Total Equity-$9.99B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$69.19B
Liabilities$77.21B
Accounts Receivable$5.81B
Accounts Payable$4.41B
Inventory$11.48B
PP&E (Net)$8.4B
Goodwill$17.26B
Intangible Assets$10.88B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 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 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2001-12-31 |
| Revenue | $40.65B | $37.88B | $35.17B | $31.76B | $31.41B | $28.69B | $29.8B | $29.63B | $28.75B | $26.68B | $26.79B | $29.77B | $31.22B | $31.38B | $31.1B | $27.21B | $25.04B | $25.7B | $22.8B | $20.77B | $45.29B | $17.58B | $33.39B | $8.1B |
| YoY Growth | 7.3% | 7.7% | 10.7% | 1.1% | 9.4% | -3.7% | 0.6% | 3.1% | 7.7% | -0.4% | -10.0% | -4.6% | -0.5% | 0.9% | 14.3% | 8.7% | -2.6% | 12.8% | 9.8% | -54.1% | 157.6% | -47.3% | 312.0% | - |
| Cost of Revenue | $13.37B | $13.33B | $12.89B | $11.4B | $10.03B | $9.57B | $10.51B | $10.76B | $10.43B | $9.39B | $9.37B | $10.44B | $10.41B | $10.37B | $10.68B | $9.71B | $9.02B | $9.33B | $8.72B | $8.15B | $32.92B | $6.73B | $23.82B | $2.81B |
| Gross Profit | $27.28B | $24.55B | $22.28B | $20.36B | $21.38B | $19.13B | $19.29B | $18.87B | $18.32B | $17.29B | $17.43B | $19.33B | $20.81B | $21B | $20.42B | $17.5B | $16.01B | $16.38B | $14.08B | $12.64B | $12.37B | $10.86B | $9.57B | $5.3B |
| Gross Margin | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% | 66.7% | 64.7% | 63.7% | 63.7% | 64.8% | 65.0% | 64.9% | 66.7% | 66.9% | 65.7% | 64.3% | 64.0% | 63.7% | 61.8% | 60.9% | 27.3% | 61.7% | 28.7% | 65.4% |
| Research and Development | $756M | $759M | $0 | $0 | $617M | $495M | $465M | $383M | $453M | $429M | $423M | $433M | $449M | $415M | $413M | $0 | $0 | $334M | $362M | $304M | $0 | $197M | $0 | $0 |
| Selling, General, and Administrative | $10.56B | $11.15B | $10.06B | $8.11B | $8.4B | $7.48B | $8.78B | $7.45B | $6.72B | $6.41B | $6.66B | $7B | $6.89B | $6.96B | $6.88B | $6.16B | $5.87B | $5.43B | $4.78B | $4.33B | $4.54B | $3.88B | $3.37B | $0 |
| Other | $1.08B | -$759M | $665M | $0 | -$651M | -$519M | -$488M | -$361M | -$424M | -$449M | -$273M | $195M | -$25M | -$218M | -$216M | $88M | $74M | $367M | $67M | $0 | $90M | $0 | $0 | $2.35B |
| Total Operating Expenses | $12.39B | $11.15B | $10.72B | $8.11B | $8.4B | $7.46B | $8.76B | $7.47B | $6.75B | $6.38B | $6.81B | $7.63B | $7.31B | $7.16B | $7.08B | $6.25B | $5.94B | $6.13B | $5.21B | $4.64B | $4.63B | $4.08B | $3.37B | $2.35B |
| Operating Income (EBIT) | $14.89B | $13.4B | $11.56B | $12.25B | $12.97B | $11.72B | $10.53B | $11.34B | $11.58B | $10.9B | $10.62B | $11.7B | $13.7B | $13.95B | $13.53B | $11.2B | $10.21B | $10.57B | $8.87B | $8.01B | $7.74B | $6.78B | $6.2B | $2.95B |
| Operating Margin | 36.6% | 35.4% | 32.9% | 38.6% | 41.3% | 40.8% | 35.3% | 38.3% | 40.3% | 40.9% | 39.6% | 39.3% | 43.9% | 44.4% | 43.5% | 41.2% | 40.8% | 41.1% | 38.9% | 38.5% | 17.1% | 38.5% | 18.6% | 36.4% |
| Interest Expense | $1.59B | $1.76B | $1.53B | $768M | $737M | $728M | $796M | $855M | $1.1B | $1.07B | $1.13B | $1.17B | $1.1B | $1.01B | $953M | $974M | $843M | $528M | $10M | $371M | $94M | $4M | $0 | $146M |
| Interest Income | $621M | $620M | $465M | $180M | $109M | $110M | $226M | $190M | $182M | $178M | $124M | $118M | $131M | $148M | $134M | $98M | $108M | $217M | $0 | $229M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$307M | -$1.2B | -$949M | -$475M | -$591M | -$751M | -$510M | -$605M | -$928M | -$885M | -$903M | -$947M | -$1.18B | -$959M | -$1B | -$876M | -$970M | -$634M | -$10M | $221M | -$94M | -$298M | $17M | -$179M |
| Income Before Tax (EBT) | $14.59B | $12.2B | $10.61B | $11.77B | $12.38B | $10.97B | $10.02B | $10.73B | $10.65B | $10.02B | $9.72B | $10.76B | $12.52B | $12.99B | $12.53B | $10.32B | $9.24B | $9.94B | $8.86B | $8.23B | $7.64B | $6.48B | $6.21B | $2.77B |
| Income Tax Expense | $2.74B | $2.38B | $2.34B | $2.24B | $2.67B | $2.38B | $2.29B | $2.44B | $4.31B | $2.77B | $2.69B | $3.1B | $3.67B | $3.83B | $3.65B | $2.83B | $2.69B | $2.79B | $2.56B | $1.83B | $1.83B | $1.76B | $2.09B | $593M |
| Net Income | $11.35B | $7.03B | $7.79B | $9.05B | $9.11B | $8.06B | $7.18B | $7.91B | $6.04B | $6.97B | $6.87B | $7.49B | $8.58B | $8.8B | $8.59B | $7.26B | $6.34B | $6.89B | $6.03B | $6.15B | $5.62B | $4.57B | $3.98B | $2.23B |
| Net Income Margin | 27.9% | 18.6% | 22.1% | 28.5% | 29.0% | 28.1% | 24.1% | 26.7% | 21.0% | 26.1% | 25.7% | 25.2% | 27.5% | 28.0% | 27.6% | 26.7% | 25.3% | 26.8% | 26.4% | 29.6% | 12.4% | 26.0% | 11.9% | 27.5% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 7.27 | 4.53 | 5.02 | 5.82 | 5.83 | 5.16 | 4.61 | 5.09 | 3.88 | 4.48 | 4.42 | 4.76 | 5.26 | 5.17 | 4.98 | 3.93 | 3.25 | 3.33 | 2.86 | 2.91 | 2.71 | 2.23 | 1.96 | 1.10 |
| Diluted EPS | 7.26 | 4.52 | 5.02 | 5.81 | 5.83 | 5.16 | 4.61 | 5.09 | 3.88 | 4.48 | 4.42 | 4.76 | 5.26 | 5.17 | 4.98 | 3.92 | 3.24 | 3.32 | 2.86 | 2.91 | 2.69 | 2.22 | 1.95 | 1.09 |
| Weighted Average OS | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.55B | 1.55B | 1.57B | 1.62B | 1.69B | 1.73B | 1.84B | 1.94B | 2.07B | 2.11B | 2.11B | 2.07B | 2.05B | 2.03B | 2.03B |
| EBITDA | $18.72B | $15.75B | $13.37B | $13.48B | $13.97B | $12.66B | $11.63B | $12.52B | $12.46B | $11.71B | $11.47B | $12.67B | $14.47B | $14.85B | $14.48B | $12.19B | $10.94B | $11.31B | $9.64B | $9.23B | $8.26B | $6.49B | $6.57B | $2.95B |
| EBITDA Margin | 46.1% | 41.6% | 38.0% | 42.4% | 44.5% | 44.1% | 39.0% | 42.2% | 43.3% | 43.9% | 42.8% | 42.6% | 46.4% | 47.3% | 46.6% | 44.8% | 43.7% | 44.0% | 42.3% | 44.5% | 18.2% | 36.9% | 19.7% | 36.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 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 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2001-10-01 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $4.87B | $4.22B | $3.06B | $3.21B | $4.5B | $7.28B | $6.86B | $6.59B | $8.45B | $4.24B | $3.42B | $1.68B | $2.15B | $2.98B | $2.55B | $1.7B | $1.54B | $1.53B | $1.66B | $1.68B | $1.21B | $5B | $3.16B | $4.5B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.87B | $4.22B | $3.06B | $3.21B | $4.5B | $7.28B | $6.86B | $6.59B | $8.45B | $4.24B | $3.42B | $1.68B | $2.15B | $2.98B | $2.55B | $1.7B | $1.54B | $1.53B | $1.66B | $1.68B | $1.21B | $5B | $3.16B | $4.5B |
| Accounts Receivable | $5.81B | $4.67B | $4.39B | $4.76B | $3.94B | $3.76B | $3.72B | $3.56B | $3.74B | $3.5B | $2.78B | $4B | $3.85B | $3.59B | $3.2B | $3.01B | $3.1B | $2.85B | $3.35B | $2.56B | $2.59B | $3.37B | $0 | $0 |
| Inventory | $11.48B | $9.45B | $10.77B | $9.89B | $8.72B | $9.59B | $9.23B | $8.8B | $8.81B | $9.02B | $8.47B | $8.59B | $9.85B | $8.95B | $8.12B | $8.32B | $9.21B | $9.66B | $9.33B | $7.08B | $5.42B | $4.81B | $4.27B | $0 |
| Other Current Assets | $2.2B | $1.83B | $1.44B | $1.77B | $561M | $860M | $701M | $481M | $603M | $853M | $1.14B | $1.21B | $999M | $1.07B | $988M | $727M | $837M | $896M | $567M | $426M | $805M | $272M | $3.62B | $0 |
| Total Current Assets | $24.36B | $20.17B | $19.75B | $19.62B | $17.72B | $21.49B | $20.51B | $19.44B | $21.59B | $17.61B | $15.8B | $15.48B | $16.85B | $16.59B | $14.86B | $13.76B | $14.68B | $14.94B | $15.05B | $11.93B | $10.03B | $13.45B | $11.05B | $4.5B |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $8.4B | $7.31B | $7.52B | $6.71B | $6.17B | $6.37B | $6.63B | $7.2B | $7.27B | $6.06B | $5.72B | $6.07B | $6.75B | $6.64B | $6.25B | $6.5B | $6.39B | $6.35B | $6.43B | $5.24B | $4.6B | $4.04B | $3.51B | $6.17B |
| Goodwill | $17.26B | $16.6B | $16.78B | $19.66B | $6.68B | $5.96B | $5.86B | $7.19B | $7.67B | $7.32B | $7.42B | $8.39B | $8.89B | $9.9B | $9.93B | $10.16B | $9.11B | $8.02B | $7.92B | $6.2B | $5.57B | $2.22B | $2.02B | $6.68B |
| Intangible Assets | $10.88B | $11.33B | $9.86B | $6.73B | $2.82B | $2.02B | $2.11B | $2.28B | $2.43B | $2.47B | $2.62B | $2.98B | $3.19B | $3.62B | $3.7B | $3.87B | $3.55B | $3.08B | $1.91B | $1.63B | $1.4B | $141M | $0 | $2.82B |
| Long-Term Investments | $2.89B | $2.65B | $4.93B | $4.43B | $4.46B | $4.8B | $4.63B | $1.27B | $1.07B | $1.01B | $890M | $1.08B | $1.54B | $24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.25B | $940M | $814M | $603M | $895M | $1.41B | $1.15B | $977M | $1.01B | $859M | $206M | $158M | $0 | -$24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.14B | $2.78B | $5.65B | $3.93B | $2.55B | $2.77B | $1.97B | $1.45B | $1.92B | $1.51B | $1.3B | $1.02B | $939M | $916M | $754M | $761M | $822M | $586M | $725M | $1.13B | $1.54B | $1.4B | $1.05B | $0 |
| Total Long-Term Assets | $44.82B | $41.61B | $45.55B | $42.06B | $23.57B | $23.32B | $22.36B | $20.36B | $21.37B | $19.24B | $18.15B | $19.7B | $21.32B | $21.08B | $20.63B | $21.29B | $19.87B | $18.03B | $16.99B | $14.2B | $13.11B | $7.8B | $6.58B | $15.67B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.13B |
| Total Assets | $69.19B | $61.78B | $65.3B | $61.68B | $41.29B | $44.81B | $42.88B | $39.8B | $42.97B | $36.85B | $33.96B | $35.19B | $38.17B | $37.67B | $35.49B | $35.05B | $34.55B | $32.97B | $32.04B | $26.12B | $23.14B | $21.25B | $17.63B | $41.29B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $4.41B | $3.95B | $4.14B | $4.08B | $3.33B | $2.78B | $2.3B | $2.07B | $2.24B | $1.67B | $1.29B | $1.24B | $1.27B | $1.1B | $1.03B | $835M | $670M | $960M | $852M | $672M | $669M | $0 | $0 | $0 |
| Short-Term Debt | $3.7B | $3.53B | $6.67B | $8.25B | $3.02B | $3.37B | $4.39B | $4.78B | $3B | $3.22B | $3.23B | $2.53B | $3.65B | $5.2B | $3.72B | $3.13B | $1.74B | $584M | $729M | $564M | $768M | $728M | $0 | $225M |
| Current Income Tax Payable | $0 | $427M | $8.67B | $8.48B | $7.35B | $7.49B | $6.63B | $5.66B | $6.14B | $7.04B | $6.09B | $6.57B | $7.68B | $6.81B | $6.24B | $5.49B | $5.32B | $4.99B | $5B | $0 | $0 | $2.7B | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.32B | $8.09B | $6.5B | $5.17B | $0 | $0 | $0 | $726M |
| Other Current Liabilities | $1.54B | $1.3B | $13.15B | $12.8B | $1.15B | $1.19B | $1.04B | $8.97B | $9.05B | $9.95B | $8.79B | $8.97B | $9.88B | $8.25B | $1.07B | $7.36B | -$6.74B | -$821M | -$768M | -$4.08B | $792M | $2.35B | $0 | $0 |
| Total Current Liabilities | $25.43B | $22.91B | $26.38B | $27.34B | $19.25B | $19.61B | $18.83B | $17.19B | $15.96B | $16.47B | $15.39B | $15.11B | $17.07B | $17.02B | $14.79B | $12.8B | $11.18B | $10.14B | $8.55B | $6.99B | $6.33B | $5.77B | $0 | $951M |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $45.13B | $42.17B | $41.24B | $34.88B | $24.78B | $28.17B | $26.66B | $26.98B | $31.33B | $25.85B | $25.25B | $26.93B | $24.02B | $17.64B | $14.83B | $13.37B | $13.67B | $11.38B | $5.58B | $2.22B | $4.14B | $0 | $0 | $2.8B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.06B | $2.52B | $2.33B | $1.96B | $726M | $684M | $908M | $898M | $799M | $1.9B | $1.54B | $1.55B | $1.48B | $1.88B | $1.98B | $2.03B | $1.69B | $1.4B | $1.24B | $1.17B | $1.02B | $1.19B | $0 | $0 |
| Other Long-Term Liabilities | $4.59B | $4.06B | $4.79B | $3.83B | $4.73B | $6.98B | $6.08B | $5.48B | $5.1B | $3.54B | $3.25B | $2.8B | $1.88B | $2.99B | $2.13B | $1.73B | $1.87B | $2.55B | $1.27B | $1.48B | $1.33B | $1.26B | $0 | $45.75B |
| Total Long-Term Liabilities | $51.79B | $48.74B | $48.37B | $40.66B | $30.24B | $35.83B | $33.64B | $33.35B | $37.24B | $31.28B | $30.05B | $31.28B | $27.38B | $22.51B | $18.93B | $17.13B | $17.23B | $15.33B | $8.09B | $4.86B | $6.49B | $2.46B | $7.14B | $48.55B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $77.21B | $71.65B | $74.75B | $67.99B | $49.5B | $55.45B | $52.47B | $50.54B | $53.2B | $47.75B | $45.43B | $46.39B | $44.44B | $39.52B | $33.73B | $29.93B | $28.41B | $25.47B | $16.64B | $11.85B | $12.83B | $8.22B | $7.14B | $49.5B |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $35.4B | $32.87B | $34.09B | $34.29B | $33.08B | $31.64B | $30.99B | $31.01B | $29.86B | $30.4B | $29.84B | $29.25B | $27.84B | $25.08B | $21.76B | $18.13B | $15.36B | $13.35B | $12.45B | $12.53B | $9.04B | $0 | $0 | $0 |
| Comprehensive Income & Other | -$12.3B | -$11.31B | -$11.81B | -$9.56B | -$9.58B | -$11.18B | -$9.36B | -$10.11B | -$8.54B | -$9.56B | -$9.4B | -$6.83B | -$4.19B | -$3.6B | -$2.86B | -$1.14B | -$817M | -$2.28B | $1.69B | $476M | $0 | $13.03B | $0 | $0 |
| Other Stockholders' Equity | -$45.39B | -$44.62B | -$45.31B | -$43.25B | -$43.19B | -$44.2B | -$42.56B | -$43.47B | -$41.95B | -$43.09B | -$43.09B | -$41.88B | -$35.61B | -$28.55B | -$21.53B | -$14.63B | -$9.64B | -$5.85B | $2.95B | $1.74B | $1.26B | $13.03B | $10.49B | -$8.21B |
| Total Equity | -$9.99B | -$11.75B | -$11.22B | -$8.96B | -$10.11B | -$12.57B | -$11.58B | -$12.46B | -$12.09B | -$12.69B | -$13.24B | -$12.63B | -$7.77B | -$3.48B | $229M | $3.51B | $5.72B | $7.5B | $15.4B | $14.27B | $10.31B | $13.03B | $10.49B | -$8.21B |
| Minority Interest | $1.97B | $1.88B | $1.78B | $2.65B | $1.9B | $1.94B | $1.98B | $1.72B | $1.86B | $1.79B | $1.77B | $1.43B | $1.49B | $1.62B | $1.53B | $1.61B | $429M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $67.22B | $59.9B | $63.52B | $59.03B | $39.39B | $42.88B | $40.9B | $38.08B | $41.11B | $35.06B | $32.19B | $33.76B | $36.68B | $36.05B | $33.95B | $33.44B | $34.12B | $32.97B | $32.04B | $26.12B | $23.14B | $21.25B | $17.63B | $41.29B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $48.84B | $45.7B | $47.91B | $43.12B | $27.81B | $31.54B | $31.05B | $31.76B | $34.34B | $29.07B | $28.48B | $29.45B | $27.68B | $22.84B | $18.55B | $16.5B | $15.42B | $11.96B | $6.31B | $2.79B | $4.91B | $728M | $0 | $3.02B |
| Net Debt | $43.96B | $41.48B | $44.85B | $39.92B | $23.31B | $24.26B | $24.18B | $25.17B | $25.89B | $24.83B | $25.06B | $27.77B | $25.52B | $19.86B | $15.99B | $14.8B | $13.88B | $10.43B | $4.65B | $1.11B | $3.7B | -$4.27B | -$3.16B | -$1.47B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 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 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2003-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $11.32B | $7.5B | $8.27B | $9.05B | $9.11B | $8.06B | $7.18B | $7.91B | $6.04B | $6.97B | $6.87B | $7.66B | $8.85B | $9.15B | $8.88B | $7.5B | $6.34B | $7.15B | $6.31B | $6.15B | $5.62B | $3.98B |
| Depreciation & Amortization | $2B | $1.79B | $1.4B | $1.08B | $998M | $981M | $964M | $989M | $875M | $743M | $754M | $889M | $882M | $898M | $993M | $932M | $853M | $842M | $748M | $658M | $527M | $370M |
| Deferred Income Tax | -$847M | -$123M | -$330M | -$234M | -$17M | -$143M | -$141M | -$100M | -$501M | $182M | -$18M | -$62M | -$28M | -$248M | $15M | $101M | $129M | $5M | -$21M | $223M | -$746M | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $183M | $210M | $167M | $172M | $138M | $148M | $153M | $0 | $210M | $220M | $242M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$448M | -$738M | $314M | -$871M | -$198M | $26M | -$331M | $53M | -$92M | -$1.01B | $647M | -$463M | -$449M | -$398M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$1.2B | $552M | -$862M | -$1.29B | $549M | -$165M | -$548M | -$613M | $730M | -$695M | -$841M | $105M | -$1.41B | -$728M | -$36M | $1.07B | $660M | -$914M | -$1.26B | -$1.08B | -$441M | $0 |
| Accounts Payable | $258M | $297M | -$288M | $719M | $653M | $406M | $451M | -$51M | $425M | $373M | $310M | $177M | $103M | $10M | $199M | -$72M | -$116M | -$90M | $38M | $0 | $0 | $0 |
| Other Working Capital | $286M | $566M | -$464M | $1.86B | $294M | $129M | $1.6B | $910M | $1.13B | $1.27B | $145M | -$737M | $1.9B | $707M | $671M | $256M | $8M | $871M | -$321M | $347M | $71M | $0 |
| Total Working Capital Change | -$1.1B | $677M | -$1.3B | $423M | $1.3B | $396M | $1.17B | $303M | $2.2B | -$63M | $261M | -$918M | $143M | -$409M | $834M | $1.25B | $552M | -$133M | -$1.55B | -$730M | -$370M | $0 |
| Other Non-Cash Items | $873M | $2.37B | $1.17B | $306M | $369M | $355M | $742M | $237M | $158M | $95M | -$5M | -$38M | $68M | -$216M | -$192M | -$349M | $8M | $71M | $95M | -$61M | $127M | $285M |
| Net Cash from Operating | $12.23B | $12.22B | $9.2B | $10.8B | $11.97B | $9.81B | $10.09B | $9.48B | $8.91B | $8.08B | $7.87B | $7.74B | $10.13B | $9.42B | $10.53B | $9.44B | $7.88B | $7.93B | $5.59B | $6.24B | $5.16B | $4.63B |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$1.57B | -$1.44B | -$1.32B | -$1.08B | -$748M | -$602M | -$852M | -$1.44B | -$1.55B | -$1.17B | -$960M | -$1.15B | -$1.2B | -$1.06B | -$897M | -$713M | -$715M | -$1.1B | -$1.07B | -$886M | -$736M | -$586M |
| Acquisitions | -$491M | $55M | -$111M | -$14B | -$2.15B | -$47M | -$1.38B | -$63M | -$111M | $7M | -$55M | -$139M | -$1.42B | $0 | -$80M | -$83M | -$429M | -$1.66B | -$1.43B | $516M | -$4.93B | $0 |
| Purchases of Investments | -$265M | $0 | $0 | -$20M | -$115M | -$47M | -$31M | -$63M | -$111M | $0 | -$55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $116M | $0 | $0 | $20M | $115M | $47M | $31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$2.28B | $297M | -$2.17B | -$606M | $535M | -$505M | $418M | $564M | -$1.24B | $197M | $362M | $296M | -$62M | $64M | -$55M | $86M | $46M | -$399M | -$82M | -$69M | $46M | -$923M |
| Net Cash from Investing | -$4.49B | -$1.09B | -$3.6B | -$15.68B | -$2.36B | -$1.15B | -$1.81B | -$998M | -$3.01B | -$968M | -$708M | -$996M | -$2.68B | -$992M | -$1.03B | -$710M | -$1.1B | -$3.16B | -$2.59B | -$439M | -$5.62B | -$1.51B |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$1.69B | -$171M | -$2.98B | -$13.16B | $3.04B | $286M | $179M | $2.48B | -$4.3B | -$1.14B | -$310M | -$3.79B | -$5.59B | -$2.66B | -$3.03B | -$459M | -$2.89B | -$6.16B | -$779M | $2.19B | -$3.79B | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $75M | $229M | $177M | $118M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$209M | -$775M | $0 | $0 | $0 | $0 | $0 | -$48M | -$3.83B | -$5.96B | -$6.53B | -$5.37B | -$5.03B | -$5.63B | -$5.26B | $0 | $0 | $0 | $0 |
| Dividends Paid | -$8.62B | -$8.2B | -$7.96B | -$7.81B | -$7.58B | -$7.36B | -$7.16B | -$6.88B | -$6.52B | -$6.38B | -$6.25B | -$6.04B | -$5.72B | -$5.4B | -$4.79B | -$4.42B | -$4.33B | -$5.08B | -$6.56B | -$2.78B | -$7.68B | $0 |
| Other Financing Activities | -$693M | $339M | -$1.32B | -$2.35B | -$580M | -$776M | -$357M | -$537M | -$421M | -$166M | $1.52B | -$242M | -$1.03B | -$348M | -$311M | -$292M | -$268M | $332M | $250M | -$151M | $599M | -$2.6B |
| Net Cash from Financing | -$7.61B | -$9.48B | -$5.58B | $3.81B | -$11.98B | -$8.5B | -$8.06B | -$9.65B | -$2.77B | -$5.41B | -$4.74B | -$6.84B | -$8.21B | -$8.1B | -$8.34B | -$8.58B | -$6.91B | -$4.18B | -$3.37B | -$5.42B | -$2.96B | -$2.6B |
| Forex Effect | $504M | -$536M | -$95M | -$213M | -$417M | $258M | $27M | -$685M | $1.08B | -$874M | -$686M | -$376M | -$69M | $104M | -$312M | $14M | $134M | -$566M | $346M | $87M | -$359M | $0 |
| Net Change in Cash | $638M | $1.11B | -$71M | -$1.28B | -$2.79B | $420M | $245M | -$1.86B | $4.21B | $822M | $1.74B | -$472M | -$829M | $433M | $847M | $163M | $9M | $30M | -$20M | $467M | -$3.79B | $520M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $12.23B | $12.22B | $9.2B | $10.8B | $11.97B | $9.81B | $10.09B | $9.48B | $8.91B | $8.08B | $7.87B | $7.74B | $10.13B | $9.42B | $10.53B | $9.44B | $7.88B | $7.93B | $5.59B | $6.24B | $5.16B | $4.63B |
| Capital Expenditure | -$1.57B | -$1.44B | -$1.32B | -$1.08B | -$748M | -$602M | -$852M | -$1.44B | -$1.55B | -$1.17B | -$960M | -$1.15B | -$1.2B | -$1.06B | -$897M | -$713M | -$715M | -$1.1B | -$1.07B | -$886M | -$736M | -$586M |
| Free Cash Flow | $10.66B | $10.77B | $7.88B | $9.73B | $11.22B | $9.21B | $9.24B | $8.04B | $7.36B | $6.91B | $6.91B | $6.59B | $8.94B | $8.37B | $9.63B | $8.72B | $7.17B | $6.84B | $4.52B | $5.35B | $4.42B | $4.04B |
| Cash at Beginning | $4.25B | $3.15B | $3.22B | $4.5B | $7.29B | $6.87B | $6.62B | $8.48B | $4.24B | $3.42B | $1.68B | $2.15B | $2.98B | $2.55B | $1.7B | $1.54B | $1.53B | $1.5B | $1.68B | $1.21B | $5B | $0 |
| Cash at End | $4.89B | $4.25B | $3.15B | $3.22B | $4.5B | $7.29B | $6.87B | $6.62B | $8.45B | $4.24B | $3.42B | $1.68B | $2.15B | $2.98B | $2.55B | $1.7B | $1.54B | $1.53B | $1.66B | $1.68B | $1.21B | $520M |