01—Abstract
Summary
Summary of the 10-Q/A filed August 14, 2009. Cited figures are marked; the original filing is the authoritative source.
Philip Morris International Inc. (PM) filed an amendment (10-Q/A) to its quarterly report for the period ended June 30, 2009, primarily to furnish Exhibit 101, containing interactive data files, as required by Regulation S-T.
This amendment does not alter the original financial disclosures made in the Form 10-Q filed on August 6, 2009, nor does it reflect any events that have occurred since that date. Investors should refer to the original Form 10-Q for the detailed financial performance and disclosures of the company.
The filing confirms PM's status as a large accelerated filer, indicating its significant market capitalization and reporting compliance. All required SEC filings for the preceding 12 months have been submitted, and the company has been subject to such requirements for the past 90 days, demonstrating ongoing compliance with regulatory obligations.
02—Key points
Key Highlights
- Amendment to Form 10-Q filed on August 13, 2009, for the quarter ended June 30, 2009, primarily to include Exhibit 101 (interactive data files).
- The amendment does not modify or update any of the original financial disclosures from the August 6, 2009 filing.
- Philip Morris International Inc. is classified as a large accelerated filer.
- The company has met all filing requirements for the preceding 12 months and the past 90 days.
- Exhibit 101 contains interactive data files for compliance with Regulation S-T.
- The filing confirms PM is not a shell company.
- As of July 31, 2009, there were 1,934,458,475 shares of common stock outstanding.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2009, Philip Morris International Inc. kept $0.10.
- Revenue$15.21B100.0%
- Cost of revenue−$11.26B74.0%
- Gross profit$3.95B26.0%
- Operating costs−$1.52B10.0%
- Operating income$2.43B16.0%
- Interest, other & tax−$883.0M5.8%
- Net income$1.55B10.2%
04—Financials
Financial Highlights
Figures from 10-Q/AQ2 FY2009filed August 14, 2009Financial Statements
Q2 FY2009 against Q2 FY2008
| Line item | Q2 FY2009Q2 FY2008 | Change |
|---|---|---|
| Revenue | $15.21B$16.70B | −8.9% |
| Cost of Revenue | $2.19B$2.46B | −11.3% |
| Gross Profit | $3.95B$4.25B | −7.0% |
| Operating Income | $2.43B$2.61B | −6.9% |
| Net Income | $1.55B$1.69B | −8.6% |
| EPS (Basic) | $0.79$0.81 | −2.5% |
| EPS (Diluted) | $0.79$0.80 | −1.3% |
| Shares Outstanding (Basic) | 1.96B— | — |
| Shares Outstanding (Diluted) | 1.96B— | — |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q/A filing?
The primary purpose of this Form 10-Q/A filing is to provide Exhibit 101, which contains interactive data files, as mandated by Rule 405 of Regulation S-T. This amendment does not introduce new financial information or change the disclosures made in the original Form 10-Q filed on August 6, 2009.
Does this amendment contain any new financial results or operational updates for the quarter ended June 30, 2009?
No, this amendment specifically states that it does not modify or update in any way the disclosures made in the original Form 10-Q. Investors should consult the initial Form 10-Q filing dated August 6, 2009, for the financial results and operational details of the quarter ended June 30, 2009.
What does Philip Morris International's classification as a 'large accelerated filer' signify?
Being a 'large accelerated filer' means that Philip Morris International Inc. meets specific SEC criteria, generally related to a significant public float (market value of shares held by non-affiliates) and a history of timely filings. This classification indicates the company is a large, established public entity with a substantial market presence and adheres to rigorous reporting standards.
Are there any significant liabilities or risks highlighted in this specific amendment?
This amendment is procedural and focuses on furnishing interactive data files. It does not introduce new disclosures regarding liabilities or risks. For information on potential risks and liabilities, investors should refer to the detailed sections within the original Form 10-Q filing.
06—Continue