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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8743,9134,0302,4832,5675,353
Cash and cash equivalents8743,9134,0302,4832,5675,353
Restricted cash and investments 153015   
Receivables635848524346
Inventory, net of allowances, customer advances and progress billings1,1911,2521,1801,1061,1441,214
Inventory1,1911,2521,1801,1061,1441,214
Other current assets438183241379332149
Other undisclosed current assets 1,7571,7161,706   
Total current assets:4,3387,1527,2204,0204,0866,762
Noncurrent Assets
Property, plant and equipment1,6261,5931,6081,5871,5571,547
Intangible assets, net (including goodwill)20,53917,54317,56117,53017,54917,466
Goodwill6,7905,1775,1775,1775,1775,177
Intangible assets, net (excluding goodwill)13,74912,36612,38412,35312,37212,289
Restricted cash and investments343146424150
Other noncurrent assets1,0059799651,002964981
Other undisclosed noncurrent assets9,6099,5289,5549,77212,54913,429
Total noncurrent assets:32,81329,67429,73429,93332,66033,473
TOTAL ASSETS:37,15136,82636,95433,95336,74640,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2813,9874,1355,6165,5584,182
Interest and dividends payable1,6931,6301,637
Accounts payable454412552417396379
Accrued liabilities3,8273,5753,5833,5063,5322,166
Debt3,1211,3391,5561,4432,6342,517
Other undisclosed current liabilities4,2623,8202,9251,0381194,229
Total current liabilities:11,6649,1468,6168,0978,31110,928
Noncurrent Liabilities
Long-term debt and lease obligation24,07424,04825,12424,84825,04625,405
Long-term debt, excluding current maturities24,07424,04825,12424,84825,04625,405
Liabilities, other than long-term debt5,1904,7584,4375,2405,7925,662
Deferred income tax liabilities2,6462,7352,8973,3303,8983,766
Liability, pension and other postretirement and postemployment benefits1,2201,2141,2161,6321,6341,637
Other liabilities1,324809324278260259
Other undisclosed noncurrent liabilities  2,7002,700   
Total noncurrent liabilities:29,26431,50632,26130,08830,83831,067
Total liabilities:40,92840,65240,87738,18539,14941,995
Equity
Equity, attributable to parent(3,827)(3,876)(3,973)(4,232)(2,403)(1,760)
Common stock935935935935935935
Treasury stock, value(38,273)(37,796)(37,816)(37,442)(37,074)(36,569)
Additional paid in capital5,8805,8665,8875,8735,8615,848
Accumulated other comprehensive loss(2,709)(2,779)(2,771)(2,383)(2,377)(2,962)
Retained earnings30,34029,89829,79228,78530,25230,988
Equity, attributable to noncontrolling interest505050   
Total equity:(3,777)(3,826)(3,923)(4,232)(2,403)(1,760)
TOTAL LIABILITIES AND EQUITY:37,15136,82636,95433,95336,74640,235

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues6,5085,7196,1116,5506,5435,892
Cost of revenue(2,751)(2,390)1,807(2,853)(2,877)(2,519)
Cost of goods and services sold(1,681)(1,434) (1,715)(1,708)(1,446)
Other cost of operating revenue(1,070)(956) (1,138)(1,169)(1,073)
Other undisclosed gross profit   (4,408)   
Gross profit:3,7573,3293,5103,6973,6663,373
Other undisclosed operating loss(852)(572)(692)(585)(561)(489)
Operating income:2,9052,7572,8183,1123,1052,884
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
313147444746
Other undisclosed loss from continuing operations before equity method investments, income taxes   (1,128)   
Income from continuing operations before equity method investments, income taxes:2,9362,7881,7373,1563,1522,930
Income (loss) from equity method investments127170166(2,378)(108)134
Other undisclosed income (loss) from continuing operations before income taxes(257)(479)801(371)(1,439)(391)
Income from continuing operations before income taxes:2,8062,4792,7044071,6052,673
Income tax expense(689)(692)(14)(183)(714)(714)
Income from continuing operations:2,1171,7872,6902248911,959
Income before gain (loss) on sale of properties:2248911,959
Income from discontinued operations      
Other undisclosed net loss      
Net income attributable to parent:2,1171,7872,6902248911,959
Other undisclosed net loss available to common stockholders, basic(4)(3)(4)(3)(2)(4)
Net income available to common stockholders, diluted:2,1131,7842,6862218891,955

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,1171,7872,6902248911,959
Other comprehensive income (loss)70(8)(388)(6)58594
Comprehensive income, net of tax, attributable to parent:2,1871,7792,3022181,4762,053

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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