8-KEarnings & ResultsExhibits & Filings

Philip Morris International Inc. 8-K Report, Financial Results (Apr 20, 2023)

Filed April 20, 2023For Securities:PM

Summary

Philip Morris International Inc. (PM) filed an 8-K on April 20, 2023, to report its financial results for the quarter ended March 31, 2023. The filing primarily consists of a press release (Exhibit 99.1) and accompanying financial details (Exhibit 99.2), which outline the company's performance and provide reconciliations of non-GAAP measures. Investors should note that this information, under General Instruction B.2 of Form 8-K, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same liability implications as formally filed information. While the 8-K itself does not contain the specific financial figures, it directs readers to the attached exhibits for a comprehensive overview of PM's Q1 2023 results. This includes details on revenue, earnings, and potentially segment performance, as well as any forward-looking guidance or strategic updates provided by the company. Investors are advised to review Exhibits 99.1 and 99.2 for the substantive financial data and context.

Key Highlights

  • 1Philip Morris International (PM) filed an 8-K on April 20, 2023, to announce Q1 2023 financial results.
  • 2The filing incorporates by reference a press release (Exhibit 99.1) and a glossary of financial terms and reconciliations (Exhibit 99.2).
  • 3Information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.
  • 4Investors need to refer to the attached exhibits (99.1 and 99.2) for detailed financial performance data for the quarter ended March 31, 2023.
  • 5The filing includes non-GAAP financial measures and their reconciliations, which are crucial for a complete understanding of the company's performance.
  • 6The primary purpose of the 8-K is to disseminate timely financial results to the market.

Frequently Asked Questions

The main purpose of this 8-K filing by Philip Morris International Inc. is to officially announce and provide the company's financial results for the first quarter ended March 31, 2023, through an attached press release and related financial information.

The actual financial results for the quarter ended March 31, 2023, are not detailed within the 8-K itself. They are provided in Exhibit 99.1 (the press release) and Exhibit 99.2 (glossary, financial information, and non-GAAP reconciliations) which are attached to this filing.

According to General Instruction B.2 of Form 8-K, the information furnished under Item 2.02, including the attached exhibits, is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal liability as formally filed information.

Non-GAAP financial measures are metrics used by companies that exclude certain items from standard GAAP (Generally Accepted Accounting Principles) calculations to provide what management believes is a clearer view of the company's operational performance. Exhibit 99.2 provides reconciliations to show how these non-GAAP measures relate to their GAAP counterparts, offering investors a more comprehensive understanding.