Business Context and Reporting Period
This Form 8-K Current Report was filed by Philip Morris International Inc. on February 11, 2010. The filing serves to provide the consolidated financial statements for the three-year period ended December 31, 2009, including balance sheets, statements of earnings, stockholders' equity, and cash flows. These documents are intended to be incorporated by reference into the company's Annual Report on Form 10-K.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It confirms the existence of the following financial statements as exhibits but does not summarize their contents:
- Consolidated Balance Sheets (as of December 31, 2009 and 2008)
- Consolidated Statements of Earnings (for the three years ended December 31, 2009)
- Consolidated Statements of Stockholders' Equity
- Consolidated Statements of Cash Flows
- Statement regarding computation of ratios of earnings to fixed charges
Material Changes
The filing text does not contain a narrative discussion of material changes versus prior periods. Investors must refer to the attached Financial Statements (Exhibit 99.1) to analyze year-over-year performance.
Guidance, Outlook, and Risks
This document does not include management commentary, forward-looking guidance, or a discussion of risks and contingencies. It does, however, include:
- A report of management on internal control over financial reporting.
- A report from the independent registered public accounting firm on the Financial Statements and the effectiveness of internal controls.
Key Facts for Investor Verification
- Verify the specific financial results (revenue, net income, cash flow) in Exhibit 99.1 (Financial Statements), as they are not summarized in this 8-K text.
- Review the Report of Independent Registered Public Accounting Firm (Exhibit 99.3) for any qualifications or emphasis of matter regarding the 2009 audit.
- Confirm the status of internal controls over financial reporting as detailed in the management report (Exhibit 99.2).
- Note that this filing is a procedural step to deliver the 2009 annual financial data ahead of the full Form 10-K filing.