Philip Morris International (PM) 10-K Summary — Year Ended Dec 31, 2023
Philip Morris International Inc. reported a revenue increase for the most recent annual period compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the same period.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Philip Morris International Inc. reported a revenue increase for the most recent annual period compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the same period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$35.2B
Revenue reported for the fiscal year.
Operating income
$11.6B
Income from operations reported for the year.
Net income
$7.8B
Net income reported for the year.
Operating cash flow
$9.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $31.4B | n/a |
| Dec 31, 2022 | $31.8B | +1.1% |
| Dec 31, 2023 | $35.2B | +10.7% |
Business overview
The company operates in the tobacco and nicotine industry, as described in its business overview section. It does not provide further details on specific products or markets within the supplied filing context.
Financial performance
Revenue increased compared to the prior year, while operating income, net income, and operating cash flow were all reported as positive amounts. No further performance trends or comparisons are available in the supplied data.
Material risks
The filing includes a dedicated risk factors section, but no specific risk details are provided in the supplied context. The company also notes unresolved staff comments and cybersecurity as separate items, though their content is not elaborated.
Liquidity and capital
The management discussion and analysis section is referenced, but no specific liquidity or capital-allocation themes are described in the supplied data.
What to watch
Monitor any updates to the unresolved staff comments noted in the filing, as they may indicate regulatory or disclosure concerns.