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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,0304,5444,9452,1171,3331,253
Cash and cash equivalents4,0304,5444,9452,1171,3331,253
Restricted cash and investments 15     
Receivables4847137152142142
Inventory, net of allowances, customer advances and progress billings1,1801,1941,9662,2932,3312,225
Inventory1,1801,1941,9662,2932,3312,225
Other current assets24129869146326263
Other undisclosed current assets 1,706  116167461
Total current assets:7,2206,0837,1174,8244,2994,344
Noncurrent Assets
Property, plant and equipment1,6081,5532,0121,9991,9381,914
Long-term investments and receivables     17,69618,851
Long-term investments     17,69617,952
Accounts and financing receivable, after allowance for credit loss      899
Intangible assets, net (including goodwill)17,56117,48317,79217,86417,47517,707
Goodwill5,1775,1775,1775,1775,1965,307
Intangible assets, net (excluding goodwill)12,38412,30612,61512,68712,27912,400
Restricted cash and investments4650604343 
Other noncurrent assets9659239641,0031,430386
Other undisclosed noncurrent assets9,55413,43119,46923,53812,757 
Total noncurrent assets:29,73433,44040,29744,44751,33938,858
TOTAL ASSETS:36,95439,52347,41449,27155,63843,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1354,1253,9993,8283,9063,486
Interest and dividends payable1,6471,6021,5651,5181,258
Employee-related liabilities   189188
Accounts payable552449380325399374
Accrued liabilities3,5832,0292,0171,9381,8001,666
Debt1,5561,1051,5001,00013,848864
Other undisclosed current liabilities2,9253,3493,5643,3463,4392,442
Total current liabilities:8,6168,5799,0638,17421,1936,792
Noncurrent Liabilities
Long-term debt and lease obligation25,12426,93927,97127,04211,89813,030
Long-term debt, excluding current maturities25,12426,93927,97127,04211,89813,030
Liabilities, other than long-term debt4,4375,6117,4157,6982,5477,962
Deferred tax liabilities, net 5,247
Deferred income tax liabilities2,8973,6924,5325,083
Liability, pension and other postretirement and postemployment benefits1,2161,6362,5022,2702,2932,432
Other liabilities324283381345254283
Other undisclosed noncurrent liabilities 2,700   5,172 
Total noncurrent liabilities:32,26132,55035,38634,74019,61720,992
Total liabilities:40,87741,12944,44942,91440,81027,784
Temporary equity, carrying amount   40383938
Equity
Equity, attributable to parent(3,973)(1,606)2,8396,22214,78715,377
Common stock935935935935935935
Treasury stock, value(37,816)(36,006)(34,344)(34,358)(33,524)(31,864)
Additional paid in capital5,8875,8575,9105,9705,9615,952
Accumulated other comprehensive loss(2,771)(3,056)(4,341)(2,864)(2,547)(1,897)
Retained earnings29,79230,66434,67936,53943,96242,251
Equity, attributable to noncontrolling interest50 869723
Total equity:(3,923)(1,606)2,9256,31914,78915,380
TOTAL LIABILITIES AND EQUITY:36,95439,52347,41449,27155,63843,202

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues25,09626,01326,15325,11025,36425,576
Revenue, net25,576
Cost of revenue(6,442)(7,119)(13,130)(7,085)(7,373)(13,625)
Cost of goods and services sold(6,442)(7,119)(7,818)(7,085)(7,373)(13,625)
Other cost of operating revenue  (5,312)   
Other undisclosed gross profit(4,408)(4,902) (5,314)(5,737) 
Gross profit:14,24613,99213,02312,71112,25411,951
Other undisclosed operating loss(2,327)(2,432)(2,150)(2,385)(3,139)(2,395)
Operating income:11,91911,56010,87310,3269,1159,556
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
184202773734 
Interest and debt expense (1,128)(1,837)(1,223)(1,322)(697)(727)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:10,9759,9259,7279,0418,4528,829
Income (loss) from equity method investments(2,186)(5,979)(211)1,725890532
Other undisclosed income (loss) from continuing operations before income taxes(1,400)(122)(2,626)(10,000)(1)467
Income from continuing operations before income taxes:7,3893,8246,8907669,3419,828
Income tax expense (benefit)(1,625)(1,349)(2,436)(2,064)(2,374)399
Income (loss) from continuing operations:5,7642,4754,454(1,298)6,96710,227
Income (loss) before gain (loss) on sale of properties:2,4754,454(1,298)6,96710,227
Income from discontinued operations      
Other undisclosed net loss      
Net income (loss):5,7642,4754,454(1,298)6,96710,227
Net income (loss) attributable to noncontrolling interest   135(4)(5)
Net income (loss) attributable to parent:5,7642,4754,467(1,293)6,96310,222
Other undisclosed net loss available to common stockholders, basic(13)(11)    
Net income (loss) available to common stockholders, diluted:5,7512,4644,467(1,293)6,96310,222

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):5,7642,4754,454(1,298)6,96710,227
Other comprehensive income (loss)2851,285(1,477)(317)(242)155
Comprehensive income (loss):6,0493,7602,977(1,615)6,72510,382
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   135(4)(5)
Comprehensive income (loss), net of tax, attributable to parent:6,0493,7602,990(1,610)6,72110,377

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.

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