Altria Group Inc. (MO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6601 WEST BROAD STREET RICHMOND, VA 23230 |
| State of Incorp. | VA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2111 - Cigarettes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,686 | 4,030 | 4,544 | 4,945 | 2,117 | 1,333 | |||
| Cash and cash equivalents | 3,686 | 4,030 | 4,544 | 4,945 | 2,117 | 1,333 | |||
| Restricted cash and investments | 5 | 15 | |||||||
| Receivables | 71 | 48 | 47 | 137 | 152 | 142 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,215 | 1,180 | 1,194 | 1,966 | 2,293 | 2,331 | |||
| Inventory | 1,215 | 1,180 | 1,194 | 1,966 | 2,293 | 2,331 | |||
| Other current assets | 117 | 241 | 298 | 69 | 146 | 326 | |||
| Other undisclosed current assets | 491 | 1,706 | 116 | 167 | |||||
| Total current assets: | 5,585 | 7,220 | 6,083 | 7,117 | 4,824 | 4,299 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,652 | 1,608 | 1,553 | 2,012 | 1,999 | 1,938 | |||
| Long-term investments and receivables | 17,696 | ||||||||
| Long-term investments | 17,696 | ||||||||
| Intangible assets, net (including goodwill) | 20,477 | 17,561 | 17,483 | 17,792 | 17,864 | 17,475 | |||
| Goodwill | 6,791 | 5,177 | 5,177 | 5,177 | 5,177 | 5,196 | |||
| Intangible assets, net (excluding goodwill) | 13,686 | 12,384 | 12,306 | 12,615 | 12,687 | 12,279 | |||
| Restricted cash and investments | 30 | 46 | 50 | 60 | 43 | 43 | |||
| Other noncurrent assets | 845 | 965 | 923 | 964 | 1,003 | 1,430 | |||
| Other undisclosed noncurrent assets | 9,981 | 9,554 | 13,431 | 19,469 | 23,538 | 12,757 | |||
| Total noncurrent assets: | 32,985 | 29,734 | 33,440 | 40,297 | 44,447 | 51,339 | |||
| TOTAL ASSETS: | 38,570 | 36,954 | 39,523 | 47,414 | 49,271 | 55,638 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,935 | 4,135 | 4,125 | 3,999 | 3,828 | 3,906 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,647 | 1,602 | 1,565 | 1,518 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 189 | |||||
| Accounts payable | 582 | 552 | 449 | 380 | 325 | 399 | |||
| Accrued liabilities | 4,353 | 3,583 | 2,029 | 2,017 | 1,938 | 1,800 | |||
| Debt | 1,121 | 1,556 | 1,105 | 1,500 | 1,000 | 13,848 | |||
| Other undisclosed current liabilities | 5,263 | 2,925 | 3,349 | 3,564 | 3,346 | 3,439 | |||
| Total current liabilities: | 11,319 | 8,616 | 8,579 | 9,063 | 8,174 | 21,193 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 25,112 | 25,124 | 26,939 | 27,971 | 27,042 | 11,898 | |||
| Long-term debt, excluding current maturities | 25,112 | 25,124 | 26,939 | 27,971 | 27,042 | 11,898 | |||
| Liabilities, other than long-term debt | 5,629 | 4,437 | 5,611 | 7,415 | 7,698 | 2,547 | |||
| Deferred income tax liabilities | 2,799 | 2,897 | 3,692 | 4,532 | 5,083 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 1,209 | 1,216 | 1,636 | 2,502 | 2,270 | 2,293 | |||
| Other liabilities | 1,621 | 324 | 283 | 381 | 345 | 254 | |||
| Other undisclosed noncurrent liabilities | 2,700 | 5,172 | |||||||
| Total noncurrent liabilities: | 30,741 | 32,261 | 32,550 | 35,386 | 34,740 | 19,617 | |||
| Total liabilities: | 42,060 | 40,877 | 41,129 | 44,449 | 42,914 | 40,810 | |||
| Temporary equity, carrying amount | 40 | 38 | 39 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | (3,540) | (3,973) | (1,606) | 2,839 | 6,222 | 14,787 | |||
| Common stock | 935 | 935 | 935 | 935 | 935 | 935 | |||
| Treasury stock, value | (38,802) | (37,816) | (36,006) | (34,344) | (34,358) | (33,524) | |||
| Additional paid in capital | 5,906 | 5,887 | 5,857 | 5,910 | 5,970 | 5,961 | |||
| Accumulated other comprehensive loss | (2,673) | (2,771) | (3,056) | (4,341) | (2,864) | (2,547) | |||
| Retained earnings | 31,094 | 29,792 | 30,664 | 34,679 | 36,539 | 43,962 | |||
| Equity, attributable to noncontrolling interest | 50 | 50 | 86 | 97 | 2 | ||||
| Total equity: | (3,490) | (3,923) | (1,606) | 2,925 | 6,319 | 14,789 | |||
| TOTAL LIABILITIES AND EQUITY: | 38,570 | 36,954 | 39,523 | 47,414 | 49,271 | 55,638 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,483 | 25,096 | 26,013 | 26,153 | 25,110 | 25,364 | ||
| Cost of revenue | (10,199) | (6,442) | (7,119) | (13,130) | (7,085) | (7,373) | ||
| Cost of goods and services sold | (6,218) | (6,442) | (7,119) | (7,818) | (7,085) | (7,373) | ||
| Other cost of operating revenue | (3,981) | (5,312) | ||||||
| Other undisclosed gross profit | (4,408) | (4,902) | (5,314) | (5,737) | ||||
| Gross profit: | 14,284 | 14,246 | 13,992 | 13,023 | 12,711 | 12,254 | ||
| Operating expenses | ||||||||
| Other undisclosed operating loss | (2,737) | (2,327) | (2,432) | (2,150) | (2,385) | (3,139) | ||
| Operating income: | 11,547 | 11,919 | 11,560 | 10,873 | 10,326 | 9,115 | ||
| Nonoperating income (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 127 | 184 | 202 | 77 | 37 | 34 | ||
| Interest and debt expense | (1,149) | (1,128) | (1,837) | (1,223) | (1,322) | (697) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 10,525 | 10,975 | 9,925 | 9,727 | 9,041 | 8,452 | ||
| Income (loss) from equity method investments | 493 | (2,186) | (5,979) | (211) | 1,725 | 890 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (90) | (1,400) | (122) | (2,626) | (10,000) | (1) | ||
| Income from continuing operations before income taxes: | 10,928 | 7,389 | 3,824 | 6,890 | 766 | 9,341 | ||
| Income tax expense | (2,798) | (1,625) | (1,349) | (2,436) | (2,064) | (2,374) | ||
| Income (loss) from continuing operations: | 8,130 | 5,764 | 2,475 | 4,454 | (1,298) | 6,967 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,475 | 4,454 | (1,298) | 6,967 | |
| Income from discontinued operations | 54 | |||||||
| Other undisclosed net loss | (54) | |||||||
| Net income (loss): | 8,130 | 5,764 | 2,475 | 4,454 | (1,298) | 6,967 | ||
| Net income (loss) attributable to noncontrolling interest | 13 | 5 | (4) | |||||
| Net income (loss) attributable to parent: | 8,130 | 5,764 | 2,475 | 4,467 | (1,293) | 6,963 | ||
| Other undisclosed net loss available to common stockholders, basic | (17) | (13) | (11) | |||||
| Net income (loss) available to common stockholders, diluted: | 8,113 | 5,751 | 2,464 | 4,467 | (1,293) | 6,963 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,130 | 5,764 | 2,475 | 4,454 | (1,298) | 6,967 | ||
| Other comprehensive income (loss) | 98 | 285 | 1,285 | (1,477) | (317) | (242) | ||
| Comprehensive income (loss): | 8,228 | 6,049 | 3,760 | 2,977 | (1,615) | 6,725 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 13 | 5 | (4) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,228 | 6,049 | 3,760 | 2,990 | (1,610) | 6,721 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.