REG-Philip Morris International Inc. Philip Morris International Inc. (PMI) Reports 2016 Results; Provides 2017 Earnings Per Share Fo

Philip Morris InternationalAnnouncement

02/02/2017 12:00

- Part 6: For the preceding part double click  ID:nBw7kRJXqe 

                                                                                                          
                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                          
                                                                         For the Quarters Ended                                                                   For the Years Ended                                                                     
                                                                         December 31,                                                                             December 31,                                                                            
                                                                         2016                                 2015                                 % Change       2016                                 2015                                 % Change      
                                                                                                                                                                                                                                                          
 Net cash provided by operating activities (1)                           $                   2,149            $                   1,872            14.8%          $                   8,077            $                   7,865            2.7%          
                                                                                                                                                                                                                                                          
 Less:                                                                                                                                                                                                                                                    
 Currency impact                                                         (346                       )                                                             (409                       )                                                            
 Net cash provided by operating activities,excluding currency            $                   2,495            $                   1,872            33.3%          $                   8,486            $                   7,865            7.9%          
                                                                                                                                                                                                                                                          
 (1) Operating cash flow.                                                                                                                                                                                                                                 

                                                                                                                                                                               
                                                                                                                                                                               
 Schedule 18                                                                                                                                                                   
 PHILIP MORRIS INTERNATIONAL INC.                                                                                                                                              
 and Subsidiaries                                                                                                                                                              
 Selected Financial Data by Product Category                                                                                                                                   
 ($ in millions)                                                                                                                                                               
 (Unaudited)                                                                                                                                                                   
                                                                                                                                                                               
                                                                                                                                                                               
                                              2016                                                                                                                             
                                                                                                                                                                               
                                              First                   Second                  Third                   Fourth                                                   
                                              Quarter                 Quarter                 Quarter                 Quarter                 Full-Year                        
                                                                                                                                                                               
 Net Revenues                                                                                                                                                                  
                                                                                                                                                                               
 Combustible Products (1)                     $       16,732          $       18,917          $       19,721          $       18,844          74,214                           
                                                                                                                                                                               
 Reduced-Risk Products (2)                    56                      124                     214                     345                     739                     (3)      
                                                                                                                                                                               
 PMI Total                                    $       16,788          $       19,041          $       19,935          $       19,189          $     74,953                     
                                                                                                                                                                               
                                                                                                                                                                               
                                                                                                                                                                               
 Net Revenues excluding Excise Taxes (5)                                                                                                                                       
                                                                                                                                                                               
 Combustible Products                         $       6,028           $       6,526           $       6,770           $       6,628           $     25,952                     
                                                                                                                                                                               
 Reduced-Risk Products                        55                      123                     212                     343                     733                     (4)      
                                                                                                                                                                               
 PMI Total                                    $       6,083           $       6,649           $       6,982           $       6,971           $     26,685                     

                                                                                      
 (1) Net revenue amounts for our Combustible Products refer to the operating          
 revenues generated from the sale of these products, net of sales and promotion       
 incentives. These net revenue amounts consist of the sale of our cigarettes          
 and other tobacco products combined. Other tobacco products primarily include        
 tobacco for roll-your-own and make-your-own cigarettes, pipe tobacco, cigars         
 and cigarillos and do not include Reduced-Risk products.                             
                                                                                      
 (2) Net revenue amounts for our Reduced-Risk Products refer to the operating         
 revenues generated from the sale of these products, net of sales and promotion       
 incentives. These net revenue amounts consist of the sale of our a)                  
 heat-not-burn consumables, which include HeatSticks, our IQOS devices and            
 related accessories, and b) other nicotine-containing products, which                
 primarily include our e-vapor products. Reduced-Risk Products is the term we         
 use to refer to products that present, are likely to present, or have the            
 potential to present less risk of harm to smokers who switch to these products       
 versus continued smoking. We have a range of Reduced-Risk Products in various        
 stages of development, scientific assessment and commercialization. Because          
 our Reduced-Risk Products do not burn tobacco, they produce far lower                
 quantities of harmful and potentially harmful compounds than found in                
 cigarette smoke.                                                                     
                                                                                      
 (3) Primarily in Asia Region. Reduced-Risk Products net revenues in our Asia         
 Region are as follows: Q1: $47, Q2: $111, Q3: $196, Q4: $312 and full year:          
 $666.                                                                                
                                                                                      
 (4) Primarily in Asia Region. Reduced-Risk Products net revenues, excluding          
 excise taxes, in our Asia Region are as follows: Q1: $47, Q2: $111, Q3: $196,        
 Q4: $312 and full year: $666.                                                        
                                                                                      
 (5) PMI often collects excise taxes from its customers and then remits them to       
 governments, and, in those circumstances, PMI includes the excise taxes in its       
 net revenues and in excise taxes on products. In some jurisdictions, including       
 Japan, PMI is not responsible for collecting excise taxes                            
                                                                                      

Philip Morris International Inc. Investor Relations: New York: +1 (917) 663
2233 Lausanne: +41 (0)58 242 4666 or Media: Lausanne: +41 (0)58 242 4500





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