PM Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2004
Revenue	35,174	31,762	31,405	28,694	29,805	Upgrade
Revenue Growth (YoY)	10.74%	1.14%	9.45%	-3.73%	0.61%	Upgrade
Cost of Revenue	12,893	11,402	10,030	9,569	10,513	Upgrade
Gross Profit	22,281	20,360	21,375	19,125	19,292	Upgrade
Selling, General & Admin	10,060	8,114	8,400	7,457	8,695	Upgrade
Other Operating Expenses	665	0	0	0	66	Upgrade
Operating Expenses	10,725	8,114	8,400	7,457	8,761	Upgrade
Operating Income	11,556	12,246	12,975	11,668	10,531	Upgrade
Interest Expense / Income	1,061	588	628	618	570	Upgrade
Other Expense / Income	343	366	567	617	483	Upgrade
Pretax Income	10,152	11,292	11,780	10,433	9,478	Upgrade
Income Tax	2,339	2,244	2,671	2,377	2,293	Upgrade
Net Income	7,813	9,048	9,109	8,056	7,185	Upgrade
Net Income Growth	-13.65%	-0.67%	13.07%	12.12%	-9.18%	Upgrade
Shares Outstanding (Basic)	1,552	1,550	1,557	1,557	1,556	Upgrade
Shares Change	0.14%	-0.43%	-0.03%	0.09%	0.09%	Upgrade
EPS (Basic)	5.02	5.82	5.83	5.16	4.61	Upgrade
EPS (Diluted)	5.02	5.81	5.83	5.16	4.61	Upgrade
EPS Growth	-13.60%	-0.34%	12.98%	11.93%	-9.25%	Upgrade
Free Cash Flow	7,883	9,726	11,219	9,210	9,238	Upgrade
Free Cash Flow Per Share	5.08	6.27	7.21	5.91	5.94	Upgrade
Dividend Per Share	5.140	5.040	4.900	4.740	4.620	Upgrade
Dividend Growth	1.98%	2.86%	3.38%	2.60%	2.90%	Upgrade
Gross Margin	63.35%	64.10%	68.06%	66.65%	64.73%	Upgrade
Operating Margin	32.85%	38.56%	41.32%	40.66%	35.33%	Upgrade
Profit Margin	22.21%	28.49%	29.00%	28.08%	24.11%	Upgrade
Free Cash Flow Margin	22.41%	30.62%	35.72%	32.10%	30.99%	Upgrade
Effective Tax Rate	23.04%	19.87%	22.67%	22.78%	24.19%	Upgrade
EBITDA	12,611	12,957	13,406	12,032	11,012	Upgrade
EBITDA Margin	35.85%	40.79%	42.69%	41.93%	36.95%	Upgrade
Depreciation & Amortization	1,398	1,077	998	981	964	Upgrade
EBIT	11,213	11,880	12,408	11,051	10,048	Upgrade
EBIT Margin	31.88%	37.40%	39.51%	38.51%	33.71%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).