Philip Morris International Inc. Interest Expense 2008-2023 | PM
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What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is Philip Morris International Inc.'s current interest expense?
Philip Morris International Inc. (PM) annual interest expense for 2023 was $1.53B, a 98.70% increase from 2022.
What was Philip Morris International Inc.'s interest expense in 2022?
Philip Morris International Inc. annual interest expense for 2022 was $768.0M, a 4.21% increase from 2021.
What was Philip Morris International Inc.'s interest expense in 2021?
Philip Morris International Inc. annual interest expense for 2021 was $737.0M, a 1.24% increase from 2020.
What is Philip Morris International Inc.'s 5-year interest expense CAGR?
Philip Morris International Inc. interest expense grew at a compound annual growth rate (CAGR) of 12.28% from FY2018 to FY2023, going from $855.0M to $1.53B over 5 years.
Interest Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+12.3%
FY2018
$855.0M
→
FY2023
$1.53B
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5 years selected
Interest Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $1.53B | +98.7% | 10-K |
| FY2022 | $768.0M | +4.2% | 10-K |
| FY2021 | $737.0M | +1.2% | 10-K |
| FY2020 | $728.0M | -8.5% | 10-K |
| FY2019 | $796.0M | -6.9% | 10-K |
| FY2018 | $855.0M | -22.0% | 10-K |
| FY2017 | $1.10B | +2.5% | 10-K |
| FY2016 | $1.07B | -5.6% | 10-K |
| FY2015 | $1.13B | -3.2% | 10-K |
| FY2014 | $1.17B | +6.0% | 10-K |
| FY2013 | $1.10B | +9.6% | 10-K |
| FY2012 | $1.01B | +7.8% | 10-K |
| FY2011 | $934.0M | -4.1% | 10-K |
| FY2010 | $974.0M | +7.6% | 10-K |
| FY2009 | $905.0M | +71.4% | 10-K |
| FY2008 | $528.0M | - | 10-K |
Company: Philip Morris International Inc.Ticker: PMSector: OtherIndustry: CigarettesView company profile →