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Filing tables
Filing exhibits
- 10-K Annual report
- 10.17 Pension Fund of Philip Morris In Switzerland (Ic).
- 10.23 Amendment to Employment Agreement with Andre Calantzopoulos
- 10.25 Amendment to Employment Agreement with Hermann Waldemer
- 12 Statement Regarding Computation of Ratios of Earnings to Fixed Charges
- 13 Pages 17 to 85 of the 2010 Annual Report
- 21 Subsidiaries of Philip Morris International Inc.
- 23 Consent of Independent Registered Public Accounting Firm
- 24 Powers of Attorney
- 31.1 Certification of the Registrant's Chief Executive Officer
- 31.2 Certification of the Registrant's Chief Financial Officer
- 32.1 Certification of the Registrant's Chief Executive Officer
- 32.2 Certification of the Registrant's Chief Financial Officer
Related press release
PM similar filings
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Exhibit 12
PHILIP MORRIS INTERNATIONAL INC. AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
(in millions of dollars)
For the Years Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings before income taxes | $ | 10,324 | $ | 9,243 | $ | 9,937 | $ | 8,884 | $ | 8,208 | ||||||||||
Add (deduct): | ||||||||||||||||||||
Equity in net loss (earnings) of less than 50% owned affiliates | 8 | 6 | 64 | (100 | ) | (163 | ) | |||||||||||||
Dividends from less than 50% owned affiliates | — | — | 12 | 100 | 154 | |||||||||||||||
Fixed charges | 1,069 | 1,006 | 618 | 359 | 446 | |||||||||||||||
Interest capitalized, net of amortization | 1 | 2 | (11 | ) | (8 | ) | (4 | ) | ||||||||||||
Earnings available for fixed charges | $ | 11,402 | $ | 10,257 | $ | 10,620 | $ | 9,235 | $ | 8,641 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest incurred | $ | 976 | $ | 920 | $ | 543 | $ | 280 | $ | 378 | ||||||||||
Portion of rent expense deemed to represent interest factor | 93 | 86 | 75 | 79 | 68 | |||||||||||||||
Fixed charges | $ | 1,069 | $ | 1,006 | $ | 618 | $ | 359 | $ | 446 | ||||||||||
Ratio of earnings to fixed charges | 10.7 | 10.2 | 17.2 | 25.7 | 19.4 | |||||||||||||||