REG-Philip Morris International Inc. Philip Morris International Inc. (PMI) Reports 2016 Second-Quarter Results; Revises 2016 Full-Ye

Philip Morris InternationalAnnouncement

19/07/2016 12:00

- Part 5: For the preceding part double click  ID:nBw60Zzbrd 

     
 Net cash provided by operating activities (1)    $               2,374          $               3,675        (35.4)%     $               2,836          $               3,300        (14.1)%      
                                                                                                                                                                                                   
 Less:                                                                                                                                                                                             
 Capital expenditures                             254                            210                                      480                            413                                       
                                                                                                                                                                                                   
 Free cash flow                                   $               2,120          $               3,465        (38.8)%     $               2,356          $               2,887        (18.4)%      
                                                                                                                                                                                                   
 Less:                                                                                                                                                                                             
 Currency impact                                  (595                   )                                                190                                                                      
 Free cash flow, excluding currency               $               2,715          $               3,465        (21.6)%     $               2,166          $               2,887        (25.0)%      
                                                                                                                                                                                                   
                                                                                                                                                                                                   
                                                                                                                                                                                                   
                                                  For the Quarters Ended                                                  For the Six Months Ended                                                 
                                                  June 30,                                                                June 30,                                                                 
                                                  2016                           2015                         % Change    2016                           2015                         % Change     
                                                                                                                                                                                                   
 Net cash provided by operating activities (1)    $               2,374          $               3,675        (35.4)%     $               2,836          $               3,300        (14.1)%      
                                                                                                                                                                                                   
 Less:                                                                                                                                                                                             
 Currency impact                                  (612                   )                                                139                                                                      
 Net cash provided by operating activities,       $               2,986          $               3,675        (18.7)%     $               2,697          $               3,300        (18.3)%      
 excluding currency                                                                                                                                                                                
                                                                                                                                                                                                   
 (1) Operating cash flow.                                                                                                                                                                          
                                                                                                                                                                                                   

                                                                    
                                                       Schedule 20  
                                                                    
 PHILIP MORRIS INTERNATIONAL INC.                                   
 and Subsidiaries                                                   
 Reconciliation of Non-GAAP Measures                                
 Reconciliation of Reported Diluted EPS to Adjusted Diluted EPS     
 For the Year Ended December 31,                                    
 (Unaudited)                                                        
                                                                    
                                                                    
                                      2015                          
                                                                    
 Reported Diluted EPS                 $    4.42                     
                                                                    
 Adjustments:                                                       
 Asset impairment and exit costs      0.03                          
 Tax items                            (0.03      )                  
                                                                    
 Adjusted Diluted EPS                 $    4.42                     
                                                                    

Philip Morris International Inc.

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Philip Morris International Inc.



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