Altria Group (MO) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1171,3331,2534,5692,3693,3213,175
Cash and cash equivalents2,1171,3331,2534,5692,3693,3213,175
Receivables152142142151124124115
Inventory, net of allowances, customer advances and progress billings2,2932,3312,2252,0512,0312,0401,879
Inventory2,2932,3312,2252,0512,0312,0401,879
Deferred tax assets   1,1751,1431,100
Other current assets146326263489387250321
Other undisclosed current assets116167461    
Total current assets:4,8244,2994,3447,2606,0866,8786,590
Noncurrent Assets
Property, plant and equipment1,9991,9381,9141,9581,9821,9832,028
Long-term investments and receivables 17,69618,85118,8806,7227,7978,452
Long-term investments 17,69617,95217,8525,4836,1836,455
Accounts and financing receivable, after allowance for credit loss  8991,0281,2391,6141,997
Intangible assets, net (including goodwill)17,86417,47517,70717,32117,31317,33417,232
Goodwill5,1775,1965,3075,2855,2855,2855,174
Intangible assets, net (excluding goodwill)12,68712,27912,40012,03612,02812,04912,058
Restricted cash and investments4343     
Other noncurrent assets1,0031,430386513432483557
Other undisclosed noncurrent assets23,53812,757     
Total noncurrent assets:44,44751,33938,85838,67226,44927,59728,269
TOTAL ASSETS:49,27155,63843,20245,93232,53534,47534,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8283,9063,4863,6743,4843,173664
Accounts payable325399374425400416409
Accrued liabilities1,9381,8001,6661,7721,7761,543 
Employee-related liabilities 189188289198186255
Interest and dividends payable1,5651,5181,2581,1881,1101,028 
Debt1,00013,848864 41,000525
Other undisclosed current liabilities3,3463,4392,4423,7013,5903,5005,869
Total current liabilities:8,17421,1936,7927,3757,0787,6737,058
Noncurrent Liabilities
Long-term debt and lease obligation27,04211,89813,03013,88112,91513,69313,992
Long-term debt, excluding current maturities27,04211,89813,03013,88112,91513,69313,992
Liabilities, other than long-term debt7,6982,5477,96211,8659,63210,0649,656
Pension and other postretirement defined benefit plans, liabilities2,367
Deferred tax liabilities, net 5,2478,4165,6636,0886,854
Deferred income tax liabilities5,083
Liability, pension and other postretirement and postemployment benefits2,2702,2932,4323,0223,5223,473
Other liabilities345254283427447503435
Other undisclosed noncurrent liabilities 5,172     
Total noncurrent liabilities:34,74019,61720,99225,74622,54723,75723,648
Total liabilities:42,91440,81027,78433,12129,62531,43030,706
Temporary equity, carrying amount38393838373535
Stockholders' equity
Stockholders' equity attributable to parent6,22214,78715,37712,7702,8803,0144,119
Common stock935935935935935935935
Treasury stock, value(34,358)(33,524)(31,864)(28,912)(27,845)(27,251)(26,320)
Additional paid in capital5,9705,9615,9525,8935,8135,7355,714
Accumulated other comprehensive loss(2,864)(2,547)(1,897)(2,052)(3,280)(2,682)(1,378)
Retained earnings36,53943,96242,25136,90627,25726,27725,168
Stockholders' equity attributable to noncontrolling interest97233(7)(4)(1)
Total stockholders' equity:6,31914,78915,38012,7732,8733,0104,118
TOTAL LIABILITIES AND EQUITY:49,27155,63843,20245,93232,53534,47534,859

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues25,11025,36425,57625,74425,43424,52224,466
Revenue, net25,57625,74425,43424,52224,466
Cost of revenue
(Cost of Goods and Services Sold)
(7,085)(7,373)(13,625)(14,153)(14,320)(14,362)(14,009)
Other undisclosed gross profit(5,314)(5,737)     
Gross profit:12,71112,25411,95111,59111,11410,16010,457
Operating expenses    (4)(178)(240)
Other undisclosed operating loss(2,385)(3,139)(2,395)(2,829)(2,749)(2,362)(2,133)
Operating income:10,3269,1159,5568,7628,3617,6208,084
Nonoperating income3734  550 
Investment income, nonoperating     50 
Net periodic defined benefits expense (reversal of expense), excluding service cost component3734
Other nonoperating income    5  
Interest and debt expense(1,322)(697)(727)(1,577)(1,036)(901)(2,137)
Income from continuing operations before equity method investments, income taxes:9,0418,4528,8297,1857,3306,7695,947
Income from equity method investments1,7258905327957571,006991
Other undisclosed income (loss) from continuing operations before income taxes(10,000)(1)46713,872(9)(1)4
Income from continuing operations before income taxes:7669,3419,82821,8528,0787,7746,942
Income tax expense (benefit)(2,064)(2,374)399(7,608)(2,835)(2,704)(2,407)
Net income (loss):(1,298)6,96710,22714,2445,2435,0704,535
Net income (loss) attributable to noncontrolling interest5(4)(5)(5)(2)(3)(3)
Other undisclosed net income attributable to parent     33
Net income (loss) available to common stockholders, diluted:(1,293)6,96310,22214,2395,2415,0704,535

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,298)6,96710,22714,2445,2435,0704,535
Other comprehensive income (loss)(317)(242)1551,228(598)(1,304)662
Comprehensive income (loss):(1,615)6,72510,38215,4724,6453,7665,197
Comprehensive income (loss), net of tax, attributable to noncontrolling interest5(4)(5)(5)(2)  
Comprehensive income (loss), net of tax, attributable to parent:(1,610)6,72110,37715,4674,6433,7665,197

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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