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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 9.91B | 4.7% |
| Gross Profit | 6.55B | 6.9% |
| Cost of Revenue | 3.4B | 0.8% |
| Operating expense | 18M | 50% |
| Net Income | 3.08B | 28.1% |
| EBITDA | 3.67B | 6.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 66.9B | 1.7% |
| Total Liabilities | 74.6B | 1.2% |
| Shares Outstanding | 1.56B | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.34B | 27.8% |
| Cash from investing | -1B | 197.6% |
| Cash from financing | -2.98B | 15.6% |
EPS
Financial Highlights for Philip Morris International in Q3 '24
Philip Morris International reported a revenue of 9.91B, which is a 4.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.55B, marking a 6.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.4B, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a 50% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.08B, showing a 28.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.67B, showing a 6.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Philip Morris International with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
