Business Context and Reporting Period
Company: Philip Morris International Inc. (PMI)
Filing Type: Form 8-K (Current Report)
Date: November 18, 2015
Event: Announcement of a live audio webcast presentation at the Morgan Stanley Global Consumer & Retail Conference featuring PMI's Chief Financial Officer, Mr. Jacek Olczak.
Key Financial Metrics
This filing serves as a notification of an investor presentation and does not contain specific financial data points such as revenue, profit, cash flow, margins, debt, or liquidity figures. The text references a press release (Exhibit 99.1) containing key highlights but does not reproduce those numbers within the 8-K body.
Material Changes
No material changes to financial performance or operations are detailed in this specific filing text. The document focuses solely on the scheduling of the conference presentation.
Guidance, Outlook, and Management Commentary
- Non-GAAP Measure Definition: PMI defines "Adjusted diluted EPS" as reported diluted EPS adjusted for asset impairment, exit costs, discrete tax items, and unusual items.
- Management Rationale: Management states this measure represents core earnings, improves comparability, and aids in analyzing business trends.
- Disclaimer: Adjusted diluted EPS is not a measure under U.S. GAAP and should not be considered in isolation or as a substitute for reported diluted EPS.
- Website Disclaimer: Information on PMI's website, including the conference presentation, is not deemed part of this Form 8-K unless expressly incorporated.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) for specific financial highlights and guidance mentioned in the webcast.
- Verify the reconciliation between Reported Diluted EPS and Adjusted Diluted EPS in the full presentation materials.
- Confirm the specific details of the "unusual items" and "discrete tax items" excluded from the non-GAAP measure.
- Check the official PMI website for the archived webcast recording, noting the disclaimer that it is not part of the SEC filing.