Philip Morris International Balance Sheet
NYSE: PMHealth Care Medicinal Chemicals and Botanical Products USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Philip Morris International financial position
At the end of fiscal 2025, Philip Morris International reported total assets of $69.19 billion, up 12.0% from a year earlier against total liabilities of $77.21 billion. Shareholders' equity was negative at -$9.99 billion, meaning liabilities exceed assets; this is often the result of large share buybacks or accumulated losses. The company held $4.87 billion in cash and equivalents against $48.84 billion of debt, a net debt position of $43.96 billion.
The current ratio (current assets divided by current liabilities) was 0.96, meaning short-term obligations exceed short-term assets.
Summary generated from market data by MetaCap's automated system. Methodology
Philip Morris International balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.87B | 4.22B | 3.06B | 3.21B | 4.50B | 7.28B | 6.86B | 6.59B | 8.45B | 4.24B |
| Receivables | 4.57B | 3.79B | 3.46B | 3.85B | 3.12B | 2.90B | 3.08B | 2.95B | 3.19B | 3.50B |
| Inventory | 11.48B | 9.45B | 10.77B | 9.89B | 8.72B | 9.59B | 9.23B | 8.80B | 8.81B | 9.02B |
| Total Current Assets | 24.36B | 20.17B | 19.75B | 19.62B | 17.72B | 21.49B | 20.51B | 19.44B | 21.59B | 17.61B |
| Property, Plant & Equipment | 8.40B | 7.31B | 7.52B | 6.71B | 6.17B | 6.37B | 6.63B | 7.20B | 7.27B | 6.06B |
| Goodwill | 17.26B | 16.60B | 16.78B | 19.66B | 6.68B | 5.96B | 5.86B | 7.19B | 7.67B | 7.32B |
| Intangible Assets | 10.88B | 11.33B | 9.86B | 6.73B | 2.82B | 2.02B | 2.11B | 2.28B | 2.43B | 2.47B |
| Long-Term Investments | 2.89B | 2.65B | 4.93B | 4.43B | 4.46B | 4.80B | 4.63B | — | — | — |
| Total Assets | 69.19B | 61.78B | 65.30B | 61.68B | 41.29B | 44.81B | 42.88B | 39.80B | 42.97B | 36.85B |
| Accounts Payable | 4.41B | 3.95B | 4.14B | 4.08B | 3.33B | 2.78B | 2.30B | 2.07B | 2.24B | 1.67B |
| Short-Term Debt | 3.70B | 3.53B | 6.67B | 8.25B | 3.02B | 3.37B | 4.39B | 4.78B | 3.00B | 3.22B |
| Total Current Liabilities | 25.43B | 22.91B | 26.38B | 27.34B | 19.25B | 19.61B | 18.83B | 17.19B | 15.96B | 16.47B |
| Long-Term Debt | 45.13B | 42.17B | 41.24B | 34.88B | 24.78B | 28.17B | 26.66B | 26.98B | 31.33B | 25.85B |
| Total Liabilities | 77.21B | 71.65B | 74.75B | 67.99B | 49.50B | 55.45B | 52.47B | 50.54B | 53.20B | 47.75B |
| Shareholders' Equity | -9.99B | -11.75B | -11.22B | -8.96B | -10.11B | -12.57B | -11.58B | -12.46B | -12.09B | -12.69B |
| Retained Earnings | 35.40B | 32.87B | 34.09B | 34.29B | 33.08B | 31.64B | 30.99B | 31.01B | 29.86B | 30.40B |
| Total Debt | 48.84B | 45.70B | 47.91B | 43.12B | 27.81B | 31.54B | 31.05B | 31.76B | 34.34B | 29.07B |
| Net Cash (Debt) | -43.96B | -41.48B | -44.85B | -39.92B | -23.31B | -24.26B | -24.18B | -25.17B | -25.89B | -24.83B |
This table shows 10 annual periods of Philip Morris International's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow PM's reporting calendar. What is a balance sheet?