[Intl-tobacco] Philip Morris Profits and Sales, Domestic and Global

[Robert Weissman]

PHILIP MORRIS PROFITS AND SALES, DOMESTIC AND GLOBAL

                         2001        2002      %change
DOMESTIC
Operating Income         $24,784     $22,658   9.4%
Operating Revenue        $5,264      $5,350    -1.6%

INTERNATIONAL
Operating Income         $26,586     $26,374   0.8%
Operating Revenue        $5,406      $5,211    3.7%

Domestic shipment volume declined 2.3 percent to 207.1 billion units.
Philip Morris says this decline in part reflects inventory adjustments
by wholesalers, and that actual decline is in line with historic decline
of 1-2 percent.

International volume grew 3.5 percent, to 698.9 billion units.

Domestic sales continue to generate about half of the company's income
and profits, but amount to less than one quarter of overall cigarettes
sales.

Source: Philip Morris 2001 annual report