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Philip Morris International Inc. (PM) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Philip Morris International Inc.

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CIK: 1413329 Ticker: PM


Exhibit 99.1

PRESS RELEASE
 
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Investor Relations:
 
Media:
 
 
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Email: Media@pmi.com
 
 
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PHILIP MORRIS INTERNATIONAL INC. (PMI) REPORTS 2017 RESULTS;
EXCLUDING CURRENCY & TAX ITEMS, FULL-YEAR 2017 ADJUSTED DILUTED EPS GROWTH OF 10%;
PROVIDES 2018 EARNINGS PER SHARE FORECAST

2017 Full-Year
•
Reported diluted earnings per share of $3.88, down by $0.60 or 13.4% versus $4.48 in 2016, including the unfavorable impact of tax items of $0.84 per share primarily related to the implementation of the Tax Cuts and Jobs Act, as detailed in the attached Schedule 17
•
Excluding unfavorable currency of $0.21, and the aforementioned tax items, adjusted diluted earnings per share of $4.93, up by $0.45 or 10.0% versus $4.48 in 2016, as detailed in the attached Schedule 17
•
Cigarette and heated tobacco unit shipment volume of 798.2 billion, down by 2.7%
•
International market share, excluding China and the United States, down by 0.1 point to 28.0%
•
Reported net revenues of $78.1 billion, up by 4.2%
•
Net revenues, excluding excise taxes, of $28.7 billion, up by 7.7%
•
Excluding unfavorable currency of $437 million, net revenues, excluding excise taxes, up by 9.4% as detailed in the attached Schedule 14
•
Reported operating income of $11.5 billion, up by 6.4%
•
Operating companies income of $11.8 billion, up by 6.0%
•
Excluding unfavorable currency of $155 million, operating companies income up by 7.4% as detailed in the attached Schedule 14
•
Adjusted operating companies income, reflecting the items detailed in the attached Schedule 16, of $11.8 billion, up by 6.0%
•
Excluding unfavorable currency of $155 million, adjusted operating companies income up by 7.4% as detailed in the attached Schedule 16
•
Regular quarterly dividend increase of 2.9% to an annualized rate of $4.28 per common share

2017 Fourth-Quarter
•
Reported diluted earnings per share of $0.44, down by $0.66 or 60.0% versus $1.10 in 2016, including the unfavorable impact of tax items of $0.88 per share primarily related to the implementation of the Tax Cuts and Jobs Act, as detailed in the attached Schedule 13
•
Excluding favorable currency of $0.01, and the aforementioned tax items, adjusted diluted earnings per share of $1.31, up by $0.21 or 19.1% versus $1.10 in 2016 as detailed in the attached Schedule 13
•
Cigarette and heated tobacco unit shipment volume of 212.1 billion, up by 3.8%
•
Reported net revenues of $21.6 billion, up by 12.5%
•
Net revenues, excluding excise taxes, of $8.3 billion, up by 19.0%


The following information was filed by Philip Morris International Inc. (PM) on Thursday, February 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Philip Morris International Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Philip Morris International Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Earnings
Consolidated Statements Of Comprehensive Earnings (parenthetical)
Consolidated Statements Of Earnings
Consolidated Statements Of Stockholders' (deficit) Equity
Consolidated Statements Of Stockholders' (deficit) Equity (parenthetical)
Accumulated Other Comprehensive Losses
Accumulated Other Comprehensive Losses (components Of Accumulated Other Comprehensive Losses, Net Of Taxes) (details)
Accumulated Other Comprehensive Losses (tables)
Acquisitions And Other Business Arrangements
Acquisitions And Other Business Arrangements (details)
Additional Information
Additional Information (minimum Rental Commitments Under Non-cancelable Operating Leases) (details)
Additional Information (schedule Of Additional Information) (details)
Additional Information (tables)
Background And Basis Of Presentation
Balance Sheet Offsetting
Balance Sheet Offsetting (details)
Balance Sheet Offsetting (tables)
Benefit Plans
Benefit Plans (amounts Recorded In Accumulated Other Comprehensive Losses) (details)
Benefit Plans (components Of Net Periodic Benefit Cost) (details)
Benefit Plans (effect Of Change In One-percentage-points To Trend Rates) (details)
Benefit Plans (estimated Future Benefit Payments From Pension Plans) (details)
Benefit Plans (fair Value Of Pension Plan Assets) (details)
Benefit Plans (movements In Other Comprehensive Earnings (losses)) (details)
Benefit Plans (narrative) (details)
Benefit Plans (net Pension And Postretirement Cost Weighted-average Assumptions) (details)
Benefit Plans (obligations And Funded Status) (details)
Benefit Plans (pension And Postretirement Liabilities Recognized In Consolidated Balance Sheet) (details)
Benefit Plans (tables)
Benefit Plans (weighted-average Assumptions To Determine Benefit Obligations) (details)
Capital Stock
Capital Stock (narrative) (details)
Capital Stock (schedule Of Common Stock) (details)
Capital Stock (tables)
Contingencies
Contingencies (health Care Cost Recovery Litigation) (narrative) (details)
Contingencies (label-related Cases) (narrative) (details)
Contingencies (number Of Tobacco-related Cases Pending Against Us And/or Our Subsidiaries Or Indemnitees) (details)
Contingencies (other Litigation) (narrative) (details)
Contingencies (public Civil Actions) (narrative) (details)
Contingencies (smoking And Health Litigation) (narrative) (details)
Contingencies (tables)
Contingencies (tobacco-related Litigation) (narrative) (details)
Contingencies (verdicts And Post-trial Developments) (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (aggregate Fair Value Of Derivative Financial Instruments And Debt) (details)
Fair Value Measurements (narrative) (details)
Fair Value Measurements (tables)
Financial Instruments
Financial Instruments (cash Flow And Net Investment Hedging Activities Effect On Condensed Consolidated Statements Of Earnings And Other Comprehensive Earnings) (details)
Financial Instruments (fair Value Of Foreign Exchange Contracts) (details)
Financial Instruments (hedging Activity Reported In Accumulated Other Comprehensive Earnings (losses) Net Of Income Taxes) (details)
Financial Instruments (narrative) (details)
Financial Instruments (pre-tax Effect Of Foreign Exchange Contracts Designated As Other Derivatives) (details)
Financial Instruments (tables)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (goodwill And Other Intangible Assets, Net, By Segment) (details)
Goodwill And Other Intangible Assets, Net (movement In Goodwill) (details)
Goodwill And Other Intangible Assets, Net (narrative) (details)
Goodwill And Other Intangible Assets, Net (other Intangible Assets) (details)
Goodwill And Other Intangible Assets, Net (range Of Useful Lives Of Amortizable Intangible Assets) (details)
Goodwill And Other Intangible Assets, Net (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Earnings Before Income Taxes And Provision For Income Taxes) (details)
Income Taxes (schedule Of Reasons Attributable To The Differences Between Effective Income Tax Rate And Federal Statutory Rate) (details)
Income Taxes (schedule Of Reconciliation Of Unrecognized Tax Benefits) (details)
Income Taxes (schedule Of Temporary Differences Of Tax Effects To Deferred Income Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Unrecognized Tax Benefits And Liability For Contingent Income Taxes, Interest And Penalties) (details)
Income Taxes (tables)
Indebtedness
Indebtedness (aggregate Maturities Of Long-term Debt) (details)
Indebtedness (credit Facilities) (details)
Indebtedness (debt Issuances Outstanding) (details)
Indebtedness (long-term Debt) (details)
Indebtedness (narrative) (details)
Indebtedness (short-term Borrowings) (details)
Indebtedness (tables)
Investments In Unconsolidated Subsidiaries
Investments In Unconsolidated Subsidiaries (balance Sheet And Earnings Activity) (details)
Investments In Unconsolidated Subsidiaries (narrative) (details)
Investments In Unconsolidated Subsidiaries (tables)
New Accounting Standards
New Accounting Standards (details)
Product Warranty
Product Warranty - Narrative (details)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (schedule Of Quarterly Financial Information) (details)
Quarterly Financial Data (unaudited) (tables)
Sale Of Accounts Receivable
Sale Of Accounts Receivable (details)
Segment Reporting
Segment Reporting (long-lived Assets By Segment) (details)
Segment Reporting (narrative) (details)
Segment Reporting (other Expenses By Segment) (details)
Segment Reporting (segment Data) (details)
Segment Reporting (tables)
Stock Plans
Stock Plans (activity For Performance Share Units) (details)
Stock Plans (activity For Restricted Stock Awards) (details)
Stock Plans (narrative) (details)
Stock Plans (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policy)
Ticker: PM
CIK: 1413329
Form Type: 10-K Annual Report
Accession Number: 0001413329-18-000007
Submitted to the SEC: Tue Feb 13 2018 8:07:16 AM EST
Accepted by the SEC: Tue Feb 13 2018
Period: Sunday, December 31, 2017
Industry: Cigarettes

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