PM Income Statement

Annual Quarterly

* In Millions (except for per share items) of USD

Period Ending:	2023 12-31	2022 12-31	2021 12-31	2020 12-31	2019 12-31	2018 12-31	2017 12-31	2016 12-31	2015 12-31	2014 12-31	2013 12-31	2012 12-31	2011 12-31	2010 12-31	2009 12-31	2008 12-31	2007 12-31	2006 12-31	2005 12-31	2003 12-31	2001 09-01
Report Filing:	2024-02-08	2023-02-10	2022-02-11	2021-02-09	2020-02-07	2019-02-07	2018-02-13	2017-02-14	2016-02-17	2015-02-20	2014-02-21	2013-02-22	2012-02-24	2011-02-25	2010-02-26	2009-02-26	2007-12-31	2006-12-31	2005-12-31	2003-12-31	2022-02-10
Revenue	35174000000	31762000000	31405000000	28694000000	29805000000	29625000000	28748000000	26685000000	26794000000	29767000000	31217000000	31377000000	31097000000	27208000000	25035000000	25705000000	22798000000	48260000000	45288000000	33389000000	8104000000
Cost of Revenue	12893000000	11402000000	10030000000	9569000000	10513000000	10758000000	10432000000	9391000000	9365000000	10436000000	10410000000	10373000000	10678000000	9713000000	9022000000	9328000000	8720000000	35619000000	32920000000	23821000000	2807000000
Gross Profit	22281000000	20360000000	21375000000	19125000000	19292000000	18867000000	18316000000	17294000000	17429000000	19331000000	20807000000	21004000000	20419000000	17495000000	16013000000	16377000000	14078000000	12641000000	12368000000	9568000000	5297000000
Operating Expenses	10725000000	8114000000	8400000000	7457000000	8761000000	7490000000	6813000000	6479000000	6806000000	7629000000	7292000000	7158000000	7087000000	6295000000	5973000000	6129000000	5205000000	4273000000	4633000000	3372000000	2350000000
Research & Development	709000000	642000000	617000000	495000000	465000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling, General and Administrative	10105000000	8138000000	8419000000	7481000000	8784000000	7449000000	6725000000	6405000000	6656000000	7001000000	6890000000	6978000000	6880000000	6160000000	5870000000	6001000000	5021000000	4574000000	4543000000	3372000000	0
Other Operating Expenses	-89000000	-666000000	-636000000	-519000000	-488000000	41000000	88000000	74000000	150000000	628000000	402000000	180000000	207000000	135000000	103000000	128000000	184000000	-301000000	90000000	0	2350000000
Operating Income	11556000000	12246000000	12975000000	11668000000	10531000000	11377000000	11503000000	10815000000	10623000000	11702000000	13515000000	13846000000	13332000000	11200000000	10040000000	10248000000	8873000000	8368000000	7735000000	6196000000	2947000000
Net Interest(Non Operating)	-1061000000	-408000000	-519000000	-508000000	-344000000	-475000000	-732000000	-713000000	-1008000000	-1052000000	-973000000	-859000000	-666000000	-876000000	-797000000	-311000000	0	0	0	0	-146000000
Interest Income	465000000	180000000	109000000	110000000	226000000	190000000	182000000	178000000	124000000	118000000	131000000	148000000	134000000	98000000	0	217000000	0	0	0	0	0
Interest Expense	1526000000	588000000	628000000	618000000	570000000	665000000	914000000	891000000	1132000000	1170000000	1104000000	1007000000	800000000	974000000	797000000	528000000	0	0	0	0	146000000
Equity & Other Income/(Expense)	-45000000	-204000000	-224000000	-207000000	-315000000	-231000000	-182000000	-178000000	0	0	0	0	-134000000	0	0	0	-10000000	-142000000	-94000000	17000000	-33000000
Income Before Tax	10450000000	11634000000	12232000000	10953000000	9872000000	10671000000	10589000000	9924000000	9615000000	10650000000	12542000000	12987000000	12532000000	10324000000	9243000000	9937000000	8863000000	8226000000	7641000000	6213000000	2768000000
Income Tax Expense	2339000000	2244000000	2671000000	2377000000	2293000000	2445000000	4307000000	2768000000	2688000000	3097000000	3670000000	3833000000	3653000000	2826000000	2691000000	2787000000	2564000000	1829000000	1835000000	2090000000	593000000
Income Attributable to Non-Controlling Interest	298000000	342000000	452000000	520000000	394000000	315000000	247000000	189000000	54000000	60000000	296000000	354000000	288000000	239000000	210000000	260000000	273000000	251000000	186000000	148000000	-54000000
Net Income	7813000000	9048000000	9109000000	8056000000	7185000000	7911000000	6035000000	6967000000	6873000000	7493000000	8576000000	8800000000	8591000000	7259000000	6342000000	6890000000	6026000000	6146000000	5620000000	3975000000	2229000000
Depreciation and Amortization	1398000000	-24000000	-19000000	-24000000	-23000000	82000000	88000000	74000000	754000000	889000000	882000000	898000000	98000000	932000000	853000000	44000000	748000000	658000000	527000000	370000000	0
EBITDA	12954000000	12222000000	12956000000	11644000000	10508000000	11459000000	11591000000	10889000000	11377000000	12591000000	14397000000	14744000000	13430000000	12132000000	10893000000	10292000000	9621000000	9026000000	8262000000	6566000000	2947000000
Earnings Per Share (EPS)	5.02	5.82	5.83	5.16	4.61	5.09	3.88	4.48	4.42	4.76	5.26	5.17	4.98	3.93	3.25	3.33	2.86	2.91	2.71	1.96	1.34
Diluted Earnings Per Share	5.02	5.81	5.83	5.16	4.61	5.09	3.88	4.48	4.42	4.76	5.26	5.17	4.98	3.92	3.24	3.32	2.86	2.91	2.69	1.95	1.34
Weighted Average Shares Outstanding	1552000000	1550000000	1558000000	1557000000	1555000000	1555000000	1552000000	1551000000	1549000000	1566000000	1622000000	1692000000	1725908666	1839000000	1943000000	2068000000	2109000000	2109000000	2070000000	2028000000	0
Diluted Weighted Average Shares Outstanding	1553000000	1552000000	1559000000	1558000000	1556000000	1555000000	1553000000	1551000000	1549000000	1566000000	1622000000	1692000000	1725908666	1842000000	1950000000	2078000000	2109000000	2109000000	2090000000	2038000000	0

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