Philip Morris International Inc. (PM) balance sheet
NYSE · Consumer Defensive · Tobacco · 84,900 employees · CEO Jacek Olczak
- Price
- $208.79 +0.14%
- Market cap
- $325B
- Enterprise value
- $366B
- Last report
- Q3 '26 filed 2026-10-23
- Next report
- 2027-02-05 EPS est. $1.85
At the end of Q3 '26 Philip Morris International Inc. (PM) held $6.68B in cash and short-term investments against $47.6B of debt incl. leases. Total assets $66.7B, total liabilities $72.7B, shareholders' equity -$7.94B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.06B | $4.1B | $4.88B | $4.26B | $4.22B | $4.44B | $4.14B | $4.04B | $4.87B | $5.45B | $6B | $6.68B | |
| Receivables | $4.39B | $5.05B | $5.12B | $5.19B | $4.68B | $5.79B | $5.89B | $5.82B | $5.81B | $6.39B | $6.47B | $6.53B | |
| Inventory | $10.8B | $9.97B | $9.38B | $9.36B | $9.45B | $10.1B | $10.7B | $10.3B | $11.5B | $11.4B | $11.4B | $10.3B | |
| Other current assets | $1.53B | $1.75B | $1.65B | $1.99B | $1.83B | $1.83B | $2.61B | $2.54B | $2.2B | $2.37B | $2.1B | $2.25B | |
| Current assets | $19.8B | $20.9B | $21B | $20.8B | $20.2B | $22.2B | $23.4B | $22.7B | $24.4B | $25.6B | $26B | $25.8B | |
| Property, plant & equipment (net) | $7.52B | $7.2B | $7.26B | $7.55B | $7.31B | $7.53B | $8.04B | $8.12B | $8.4B | $8.26B | $8.31B | $8.37B | |
| Long-term investments | $4.93B | $5.18B | $5.26B | $5.63B | $2.65B | $2.97B | $3.35B | $3.13B | $2.89B | $2.48B | $2.13B | $1.98B | |
| Goodwill | $16.8B | $16.5B | $16.8B | $17.1B | $16.6B | $16.9B | $17.2B | $17.2B | $17.3B | $17.1B | $16.9B | $16.8B | |
| Intangible assets | $9.86B | $9.45B | $12.2B | $11.9B | $11.3B | $11.3B | $11.4B | $11.1B | $10.9B | $10.5B | $10.2B | $9.82B | |
| Deferred tax assets | $814M | $950M | $918M | $1.01B | $940M | $1.29B | $1.11B | $1.06B | $1.25B | $1.2B | $1.14B | $1.22B | |
| Other non-current assets | $5.65B | $5.2B | $2.33B | $2.85B | $2.78B | $2.88B | $4.03B | $3.76B | $4.14B | $3.8B | $3.59B | $2.76B | |
| Non-current assets | $45.5B | $44.4B | $44.8B | $46.1B | $41.6B | $42.9B | $45.1B | $44.4B | $44.8B | $43.3B | $42.3B | $40.9B | |
| Total assets | $65.3B | $65.3B | $65.8B | $66.9B | $61.8B | $65.1B | $68.5B | $67.1B | $69.2B | $68.9B | $68.3B | $66.7B | |
| Liabilities | |||||||||||||
| Accounts payable | $4.14B | $3.65B | $3.59B | $3.51B | $3.95B | $3.75B | $3.87B | $3.98B | $4.41B | $3.93B | $3.92B | $4.04B | |
| Accrued expenses | $1.26B | $9.67B | $11.1B | $1.24B | $3.85B | $3.44B | $4.73B | $4.64B | $4.65B | $4.42B | $5.89B | $13.9B | |
| Short-term debt | $6.67B | $5.7B | $4.49B | $4.99B | $3.53B | $10.8B | $9.03B | $8.22B | $3.7B | $8.14B | $6.75B | $5.85B | |
| Taxes payable | $8.67B | $822M | $1B | $7.65B | $8.16B | $0 | $0 | $0 | $0 | $0 | $7.65B | $1.36B | |
| Deferred revenue | $0 | -$3.65B | -$3.59B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $13.2B | $5.97B | $5.87B | $12.6B | $1.31B | $1.02B | $1.25B | $1.4B | $1.55B | $1.23B | $3.6B | $0 | |
| Current liabilities | $26.4B | $22.2B | $22.4B | $23.4B | $22.9B | $28.1B | $28.1B | $26.7B | $25.4B | $26.2B | $26.5B | $25.2B | |
| Long-term debt | $41.2B | $44.7B | $44.6B | $44.2B | $42.2B | $38.8B | $42.4B | $41.9B | $45.1B | $43.8B | $42.4B | $41.7B | |
| Deferred tax liabilities | $2.34B | $2.66B | $2.65B | $2.55B | $2.52B | $2.82B | $2.15B | $2B | $2.07B | $2.01B | $2.06B | $1.98B | |
| Other non-current liabilities | $4.79B | $4.36B | $4.01B | $4.46B | $4.06B | $4.32B | $5.79B | $5.46B | $4.59B | $4.17B | $3.96B | $3.79B | |
| Non-current liabilities | $48.4B | $51.7B | $51.3B | $51.2B | $48.7B | $45.9B | $50.4B | $49.3B | $51.8B | $50B | $48.4B | $47.5B | |
| Total liabilities | $74.8B | $73.9B | $73.7B | $74.6B | $71.7B | $74B | $78.5B | $76B | $77.2B | $76.2B | $74.9B | $72.7B | |
| Equity | |||||||||||||
| Retained earnings | $34.1B | $34.2B | $34.6B | $35.6B | $32.9B | $33.4B | $34.4B | $35.6B | $35.4B | $35.5B | $36.1B | $36.9B | |
| Accumulated other comprehensive income | -$11.8B | -$11.1B | -$10.9B | -$11.9B | -$11.3B | -$11.1B | -$13.2B | -$13.3B | -$12.3B | -$11.8B | -$11.7B | -$11.9B | |
| Shareholders' equity | -$11.2B | -$10.3B | -$9.74B | -$9.69B | -$11.8B | -$10.9B | -$12B | -$10.9B | -$9.99B | -$9.28B | -$8.58B | -$7.94B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $47.9B | $50.4B | $49.1B | $49.2B | $45.7B | $49.6B | $51.5B | $50.1B | $48.8B | $51.9B | $49.1B | $47.6B | |
| Net debt (debt - cash) | $44.8B | $46.3B | $44.3B | $45B | $41.5B | $45.1B | $47.3B | $46B | $44B | $46.5B | $43.1B | $40.9B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $4.24B | $8.45B | $6.59B | $6.86B | $7.28B | $4.5B | $3.21B | $3.06B | $4.22B | $4.87B | |
| Receivables | $3.5B | $3.74B | $3.56B | $3.72B | $3.76B | $3.94B | $4.76B | $4.39B | $4.68B | $5.81B | |
| Inventory | $9.02B | $8.81B | $8.8B | $9.24B | $9.59B | $8.72B | $9.89B | $10.8B | $9.45B | $11.5B | |
| Other current assets | $853M | $603M | $481M | $701M | $860M | $561M | $1.77B | $1.44B | $1.83B | $2.2B | |
| Current assets | $17.6B | $21.6B | $19.4B | $20.5B | $21.5B | $17.7B | $19.6B | $19.8B | $20.2B | $24.4B | |
| Property, plant & equipment (net) | $6.06B | $7.27B | $7.2B | $6.63B | $6.37B | $6.17B | $6.71B | $7.52B | $7.31B | $8.4B | |
| Long-term investments | $1.01B | $1.07B | $1.27B | $4.64B | $4.8B | $4.46B | $4.43B | $4.93B | $2.65B | $2.89B | |
| Goodwill | $7.32B | $7.67B | $7.19B | $5.86B | $5.96B | $6.68B | $19.7B | $16.8B | $16.6B | $17.3B | |
| Intangible assets | $2.47B | $2.43B | $2.28B | $2.11B | $2.02B | $2.82B | $6.73B | $9.86B | $11.3B | $10.9B | |
| Deferred tax assets | $859M | $1.01B | $977M | $1.15B | $1.41B | $895M | $603M | $814M | $940M | $1.25B | |
| Other non-current assets | $1.52B | $1.92B | $1.45B | $1.97B | $2.77B | $2.55B | $3.93B | $5.65B | $2.78B | $4.14B | |
| Non-current assets | $19.2B | $21.4B | $20.4B | $22.4B | $23.3B | $23.6B | $42.1B | $45.5B | $41.6B | $44.8B | |
| Total assets | $36.9B | $43B | $39.8B | $42.9B | $44.8B | $41.3B | $61.7B | $65.3B | $61.8B | $69.2B | |
| Liabilities | |||||||||||
| Accounts payable | $1.67B | $2.24B | $2.07B | $2.3B | $2.78B | $3.33B | $4.08B | $4.14B | $3.95B | $4.41B | |
| Accrued expenses | $800M | $856M | $794M | $2.64B | $2.9B | $2.45B | $1.17B | $1.26B | $3.85B | $4.65B | |
| Short-term debt | $3.22B | $3.01B | $4.78B | $4.39B | $3.37B | $3.02B | $8.25B | $6.67B | $3.53B | $3.7B | |
| Taxes payable | $7.04B | $6.14B | $5.66B | $6.63B | $7.49B | $7.35B | $8.48B | $8.67B | $427M | $0 | |
| Other current liabilities | $9.95B | $9.05B | $8.97B | $1.04B | $1.19B | $1.15B | $12.8B | $13.2B | $1.31B | $1.55B | |
| Current liabilities | $16.5B | $16B | $17.2B | $18.8B | $19.6B | $19.3B | $27.3B | $26.4B | $22.9B | $25.4B | |
| Long-term debt | $25.9B | $31.3B | $27B | $26.7B | $28.2B | $24.8B | $34.9B | $41.2B | $42.2B | $45.1B | |
| Deferred tax liabilities | $1.9B | $799M | $898M | $908M | $684M | $726M | $1.96B | $2.34B | $2.52B | $2.07B | |
| Other non-current liabilities | $3.54B | $5.1B | $5.48B | $6.08B | $6.98B | $4.73B | $3.83B | $4.79B | $4.06B | $4.59B | |
| Non-current liabilities | $31.3B | $37.2B | $33.3B | $33.6B | $35.8B | $30.2B | $40.7B | $48.4B | $48.7B | $51.8B | |
| Total liabilities | $47.8B | $53.2B | $50.5B | $52.5B | $55.4B | $49.5B | $68B | $74.8B | $71.7B | $77.2B | |
| Equity | |||||||||||
| Retained earnings | $30.4B | $29.9B | $31B | $31B | $31.6B | $33.1B | $34.3B | $34.1B | $32.9B | $35.4B | |
| Accumulated other comprehensive income | -$9.56B | -$8.54B | -$10.1B | -$9.36B | -$11.2B | -$9.58B | -$9.56B | -$11.8B | -$11.3B | -$12.3B | |
| Shareholders' equity | -$12.7B | -$12.1B | -$12.5B | -$11.6B | -$12.6B | -$10.1B | -$8.96B | -$11.2B | -$11.8B | -$9.99B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $29.1B | $34.3B | $31.8B | $31B | $31.5B | $27.8B | $43.1B | $47.9B | $45.7B | $48.8B | |
| Net debt (debt - cash) | $24.8B | $25.9B | $25.2B | $24.2B | $24.3B | $23.3B | $39.9B | $44.8B | $41.5B | $44B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01