Altria Group, Inc. (MO) financial statements (2022 and earlier)

Company profile

Business Address 6601 WEST BROAD STREET
RICHMOND, VA 23230
State of Incorp. VA
Fiscal Year End December 31
SIC 2111 - Cigarettes (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,544  1,3331,253
Cash and cash equivalents4,544  1,3331,253
Receivables47  142142
Inventory, net of allowances, customer advances and progress billings1,194  2,3312,225
Inventory1,194  2,3312,225
Other current assets298  326263
Other undisclosed current assets   167461
Total current assets:6,083  4,2994,344
Noncurrent Assets
Property, plant and equipment1,553  1,9381,914
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)17,483  17,47517,707
Goodwill5,177  5,1965,307
Intangible assets, net (excluding goodwill)12,306  12,27912,400
Restricted cash and investments50  43 
Other noncurrent assets923  1,430386
Other undisclosed noncurrent assets13,431  12,757 
Total noncurrent assets:33,440  51,33938,858
TOTAL ASSETS:39,523  55,63843,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,125  3,9063,486
Accounts payable449  399374
Accrued liabilities2,029  1,8001,666
Employee-related liabilities   189188
Interest and dividends payable1,647  1,5181,258
Debt1,105  13,848864
Other undisclosed current liabilities3,349  3,4392,442
Total current liabilities:8,579  21,1936,792
Noncurrent Liabilities
Long-term debt and lease obligation26,939  11,89813,030
Long-term debt, excluding current maturities26,939  11,89813,030
Liabilities, other than long-term debt5,611  2,5477,962
Deferred tax liabilities, net 5,247
Deferred income tax liabilities3,692  
Liability, pension and other postretirement and postemployment benefits1,636  2,2932,432
Other liabilities283  254283
Other undisclosed noncurrent liabilities   5,172 
Total noncurrent liabilities:32,550  19,61720,992
Total liabilities:41,129  40,81027,784
Temporary equity, carrying amount   3938
Stockholders' equity
Stockholders' equity attributable to parent(1,606)  14,78715,377
Common stock935  935935
Treasury stock, value(36,006)  (33,524)(31,864)
Additional paid in capital5,857  5,9615,952
Accumulated other comprehensive loss(3,056)  (2,547)(1,897)
Retained earnings30,664  43,96242,251
Stockholders' equity attributable to noncontrolling interest   23
Total stockholders' equity:(1,606)  14,78915,380
TOTAL LIABILITIES AND EQUITY:39,523  55,63843,202

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues26,013  25,36425,576
Revenue, net25,576
Cost of revenue
(Cost of Goods and Services Sold)
(7,119)  (7,373)(13,625)
Other undisclosed gross profit(4,902)  (5,737) 
Gross profit:13,992  12,25411,951
Other undisclosed operating loss(2,432)  (3,139)(2,395)
Operating income:11,560  9,1159,556
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
202  34 
Interest and debt expense(1,837)  (697)(727)
Income from continuing operations before equity method investments, income taxes:9,925  8,4528,829
Income (loss) from equity method investments(5,979)  890532
Other undisclosed income (loss) from continuing operations before income taxes(122)  (1)467
Income from continuing operations before income taxes:3,824  9,3419,828
Income tax expense (benefit)(1,349)  (2,374)399
Net income:2,475  6,96710,227
Net loss attributable to noncontrolling interest   (4)(5)
Net income attributable to parent:2,475  6,96310,222
Other undisclosed net loss available to common stockholders, basic(11)    
Net income available to common stockholders, diluted:2,464  6,96310,222

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,475  6,96710,227
Other comprehensive income (loss)1,285  (242)155
Comprehensive income:3,760  6,72510,382
Comprehensive loss, net of tax, attributable to noncontrolling interest   (4)(5)
Comprehensive income, net of tax, attributable to parent:3,760  6,72110,377

Statements sources

The financial statements are based on the company's filings with the 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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