Summary
Philip Morris International Inc. (PM) filed an 8-K on February 5, 2015, primarily to provide preliminary access to its audited consolidated financial statements for the years ended December 31, 2014 and 2013, along with related management and auditor reports on internal controls over financial reporting. These documents are intended to be included in the company's forthcoming Annual Report on Form 10-K for the fiscal year 2014. For investors, this filing serves as an early notification and availability of key financial data and audit assurances. It allows stakeholders to review the company's financial health and control environment prior to the full 10-K release. The inclusion of the computation of ratios of earnings to fixed charges is also a standard component that can provide insights into the company's leverage and ability to service its debt obligations.
Key Highlights
- 1Filing includes consolidated balance sheets as of December 31, 2014 and 2013.
- 2Includes consolidated statements of earnings, comprehensive earnings, stockholders' equity, and cash flows for the three years ending December 31, 2014.
- 3Provides the report of management on internal control over financial reporting.
- 4Features the independent registered public accounting firm's report on the financial statements and the effectiveness of internal control over financial reporting.
- 5Contains the statement regarding the computation of ratios of earnings to fixed charges.
- 6These financial statements and reports will be incorporated into PM's Annual Report on Form 10-K for the year ended December 31, 2014.