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Philip Morris International PM International Smoke-Free — Depreciation, Depletion and Amortization

Other segment segments

International Combustibles
$69M

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Other financials

Income statement

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Revenue$11.2B+10.4%
Gross profit$7.7B+11.6%
Operating income$4.5B+22.0%
Net income$2.8B-7.3%
EPS (diluted)$1.80-7.7%

Balance sheet

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Cash & equivalents$6.0B+44.3%
Total debt$49.2B-4.5%
Total equity-$8.6B+28.3%
Total assets$68.3B-0.3%

Cash flow

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Operating cash flow$5.5B+61.0%
CapEx$380.0M+6.7%
Free cash flow$5.1B+67.3%

Valuation

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Market cap$297.41B+17.2%
Enterprise value$340.6B+13.1%
P/E27.4×-1.4×
P/S+0.5×

Profitability

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Gross margin67.5%+1.1pp
Operating margin37.7%+1.5pp
Net margin25.6%+3.0pp
FCF margin29.9%+6.9pp

Returns & leverage

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Return on equity-105.8%
Debt / equity-5.7×
Current ratio+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Philip Morris International’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 6:44 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-049493
(in millions)For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025For the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025
Depreciation and amortization expense:
International Smoke-Free$180$160$90$82
International Combustibles1361436972
U.S.54452722
Total depreciation and amortization expense by segment370348186176
Other(1)653622327314
Total depreciation and amortization expense$1,023$970$513$490
(1) Included in marketing, administration and research costs, and corporate expenses and other in PMI's condensed consolidated statements of earnings

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's international smoke-free — depreciation, depletion and amortization?
Philip Morris International (PM) reported international smoke-free — depreciation, depletion and amortization of $90M in Q2 2026.
What does international smoke-free — depreciation, depletion and amortization mean?
This represents the non-cash allocation of the cost of tangible and intangible assets used in the international smoke-free segment over their useful lives. It includes the depreciation of manufacturing equipment for heat-not-burn devices and the amortization of acquired intellectual property. This metric is vital for understanding the capital intensity of the smoke-free business model.

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