Last10K.com

Philip Morris International Inc. (PM) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Philip Morris International Inc.

CIK: 1413329 Ticker: PM

Exhibit 99.1
PRESS RELEASE
pmilogoera01a01a01a22a.jpg
Investor Relations:Media:
New York: +1 (917) 663 2233Lausanne: +41 (0)58 242 4500
Lausanne: +41 (0)58 242 4666Email: Iro.Antoniadou@pmi.com
Email: InvestorRelations@pmi.com


PHILIP MORRIS INTERNATIONAL INC. REPORTS 2021 THIRD-QUARTER
REPORTED DILUTED EPS OF $1.55 AND ADJUSTED DILUTED EPS OF $1.58, REPRESENTING CURRENCY-NEUTRAL GROWTH OF 8.5%;
REVISES AND NARROWS 2021 FULL-YEAR REPORTED DILUTED EPS FORECAST
TO A RANGE OF $5.77 TO $5.82, OR $6.01 TO $6.06 ON AN ADJUSTED BASIS, REPRESENTING CURRENCY-NEUTRAL GROWTH OF 13% TO 14%

NEW YORK, October 19, 2021 – Philip Morris International Inc. (NYSE: PM) today announces its 2021 third-quarter results. Growth rates presented in this press release on an organic basis reflect currency-neutral underlying results. Adjusted net revenues exclude the impact related to the Saudi Arabia customs assessments. A glossary of key terms, definitions and explanatory notes is included at the end of this press release. Adjustments, other calculations and reconciliations to the most directly comparable U.S. GAAP measures are included in the schedules to this press release.
2021 THIRD-QUARTER & YEAR-TO-DATE HIGHLIGHTS
2021 Third-Quarter
Reported diluted EPS of $1.55, up by 4.7%; up by 2.0%, excluding currency
Adjusted diluted EPS of $1.58, up by 11.3%; up by 8.5%, excluding currency
Cigarette and heated tobacco unit shipment volume up by 2.1% (reflecting cigarette shipment volume down by 0.4%, and heated tobacco unit shipment volume up by 23.8% to 23.5 billion units)
Market share for heated tobacco units in IQOS markets, excluding the U.S., up by 1.2 points to 6.8%
Net revenues up by 9.1%; up by 7.6%, on an organic basis
Net revenues from smoke-free products accounted for 28.6% of total net revenues
Operating income up by 6.5%; up by 4.5%, excluding currency
Adjusted operating income up by 7.4% on an organic basis
Adjusted operating income margin up by 0.1 point; down by 0.1 point on an organic basis
Total IQOS users at quarter-end estimated at approximately 20.4 million, of which approximately 14.9 million have switched to IQOS and stopped smoking
Increased its regular quarterly dividend by 4.2% to an annualized rate of $5.00 per common share
Repurchased 0.9 million shares of its common stock for $94 million, at an average price of $98.99 per share



The following information was filed by Philip Morris International Inc. (PM) on Tuesday, October 19, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Philip Morris International Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Philip Morris International Inc..

Continue

Assess how Philip Morris International Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Philip Morris International Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Revenue
M & A
Financial
Legal
Other
Filter by Subcategory:
All
Geography
Product
Earnings
Income
Shares
Expense
Dividend
Cash Flow
Other
Inside Philip Morris International Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Earnings
Condensed Consolidated Statements Of Comprehensive Earnings (Parenthetical)
Condensed Consolidated Statements Of Earnings
Condensed Consolidated Statements Of Stockholders' (Deficit) Equity
Condensed Consolidated Statements Of Stockholders' (Deficit) Equity (Parenthetical)
Accumulated Other Comprehensive Losses
Accumulated Other Comprehensive Losses (Components Of Accumulated Other Comprehensive Earnings (Losses), Net Of Tax) (Details)
Accumulated Other Comprehensive Losses (Tables)
Acquisitions
Acquisitions (Details)
Asset Impairment And Exit Costs
Asset Impairment And Exit Costs (Asset Impairment And Exit Costs By Segment) (Details)
Asset Impairment And Exit Costs (Movement In Exit Cost Liabilities) (Details)
Asset Impairment And Exit Costs (Narrative) (Details)
Asset Impairment And Exit Costs (Tables)
Background And Basis Of Presentation
Background And Basis Of Presentation (Policies)
Benefit Plans
Benefit Plans (Components Of Net Periodic Benefit Cost) (Details)
Benefit Plans (Components Of Pension And Other Employee Benefits Costs) (Details)
Benefit Plans (Narrative) (Details)
Benefit Plans (Tables)
Contingencies
Contingencies (Health Care Cost Recovery Litigation) (Details)
Contingencies (Label-Related Cases) (Details)
Contingencies (Number Of Tobacco Related Cases Pertaining To Combustible Products Pending Against Us And/Or Our Subsidiaries Or Indemnitees) (Details)
Contingencies (Other Litigation) (Details)
Contingencies (Public Civil Actions) (Details)
Contingencies (Smoking And Health Litigation) (Details)
Contingencies (Tables)
Contingencies (Third-Party Guarantees) (Details)
Contingencies (Tobacco-Related Litigation) (Details)
Contingencies (Verdicts And Post-Trial Developments) (Details)
Earnings Per Share
Earnings Per Share (Calculation Of Basic And Diluted Eps) (Details)
Earnings Per Share (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 Derivative Contracts) (Details)
Financial Instruments (Narrative) (Details)
Financial Instruments (Qualifying Hedging Activity Reported In Accumulated Other Comprehensive Earnings (Losses) Net Of Income Taxes) (Details)
Financial Instruments (Tables)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Additional Information) (Details)
Goodwill And Other Intangible Assets, Net (Movement In Goodwill) (Details)
Goodwill And Other Intangible Assets, Net (Other Intangible Assets) (Details)
Goodwill And Other Intangible Assets, Net (Tables)
Income Taxes
Income Taxes (Details)
Indebtedness
Indebtedness (Narrative) (Details)
Indebtedness (Schedule Of Credit Facilities) (Details)
Indebtedness (Schedule Of Fair Value) (Details)
Indebtedness (Schedule Of Long-Term Debt) (Details)
Indebtedness (Tables)
Leases
Leases (Details)
Leases (Tables)
Product Warranty
Product Warranty (Movement In Product Warranty Obligations) (Details)
Product Warranty (Narrative) (Details)
Product Warranty (Tables)
Related Parties - Equity Investments And Other
Related Parties - Equity Investments And Other (Balance Sheet And Earnings Activity) (Details)
Related Parties - Equity Investments And Other (Narrative) (Details)
Related Parties - Equity Investments And Other (Tables)
Sale Of Accounts Receivable
Sale Of Accounts Receivable (Details)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Stock Plans
Stock Plans (Additional Information) (Details)
Stock Plans (Psu Awards) (Details)
Stock Plans (Rsu Awards) (Details)
Stock Plans (Tables)

Material Contracts, Statements, Certifications & more

Philip Morris International Inc. provided additional information to their SEC Filing as exhibits

Ticker: PM
CIK: 1413329
Form Type: 10-Q Quarterly Report
Accession Number: 0001413329-21-000091
Submitted to the SEC: Wed Oct 27 2021 4:41:25 PM EST
Accepted by the SEC: Wed Oct 27 2021
Period: Thursday, September 30, 2021
Industry: Cigarettes

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/pm/0001413329-21-000091.htm