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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,945 1,3331,2534,5692,369
Cash and cash equivalents4,945 1,3331,2534,5692,369
Receivables137 142142151124
Inventory, net of allowances, customer advances and progress billings1,966 2,3312,2252,0512,031
Inventory1,966 2,3312,2252,0512,031
Deferred tax assets   1,175
Other current assets69 326263489387
Other undisclosed current assets  167461  
Total current assets:7,117 4,2994,3447,2606,086
Noncurrent Assets
Property, plant and equipment2,012 1,9381,9141,9581,982
Long-term investments and receivables  17,69618,85118,8806,722
Long-term investments  17,69617,95217,8525,483
Accounts and financing receivable, after allowance for credit loss   8991,0281,239
Intangible assets, net (including goodwill)17,792 17,47517,70717,32117,313
Goodwill5,177 5,1965,3075,2855,285
Intangible assets, net (excluding goodwill)12,615 12,27912,40012,03612,028
Restricted cash and investments60 43   
Other noncurrent assets964 1,430386513432
Other undisclosed noncurrent assets19,469 12,757   
Total noncurrent assets:40,297 51,33938,85838,67226,449
TOTAL ASSETS:47,414 55,63843,20245,93232,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,999 3,9063,4863,6743,484
Accounts payable380 399374425400
Accrued liabilities2,017 1,8001,6661,7721,776
Employee-related liabilities  189188289198
Interest and dividends payable1,602 1,5181,2581,1881,110
Debt1,500 13,848864 4
Other undisclosed current liabilities3,564 3,4392,4423,7013,590
Total current liabilities:9,063 21,1936,7927,3757,078
Noncurrent Liabilities
Long-term debt and lease obligation27,971 11,89813,03013,88112,915
Long-term debt, excluding current maturities27,971 11,89813,03013,88112,915
Liabilities, other than long-term debt7,415 2,5477,96211,8659,632
Deferred tax liabilities, net 5,2478,4165,663
Deferred income tax liabilities4,532 
Liability, pension and other postretirement and postemployment benefits2,502 2,2932,4323,0223,522
Other liabilities381 254283427447
Other undisclosed noncurrent liabilities  5,172   
Total noncurrent liabilities:35,386 19,61720,99225,74622,547
Total liabilities:44,449 40,81027,78433,12129,625
Temporary equity, carrying amount40 39383837
Stockholders' equity
Stockholders' equity attributable to parent2,839 14,78715,37712,7702,880
Common stock935 935935935935
Treasury stock, value(34,344) (33,524)(31,864)(28,912)(27,845)
Additional paid in capital5,910 5,9615,9525,8935,813
Accumulated other comprehensive loss(4,341) (2,547)(1,897)(2,052)(3,280)
Retained earnings34,679 43,96242,25136,90627,257
Stockholders' equity attributable to noncontrolling interest86 233(7)
Total stockholders' equity:2,925 14,78915,38012,7732,873
TOTAL LIABILITIES AND EQUITY:47,414 55,63843,20245,93232,535

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues26,153 25,36425,57625,74425,434
Revenue, net25,57625,74425,434
Cost of revenue(13,130) (7,373)(13,625)(14,153)(14,320)
Cost of goods and services sold(7,818) (7,373)(13,625)(14,153)(14,320)
Other cost of operating revenue(5,312)     
Other undisclosed gross profit  (5,737)   
Gross profit:13,023 12,25411,95111,59111,114
Operating expenses     (4)
Other undisclosed operating loss(2,150) (3,139)(2,395)(2,829)(2,749)
Operating income:10,873 9,1159,5568,7628,361
Nonoperating income77 34  5
Net periodic defined benefits expense (reversal of expense), excluding service cost component77 34
Other nonoperating income     5
Interest and debt expense(1,223) (697)(727)(1,577)(1,036)
Income from continuing operations before equity method investments, income taxes:9,727 8,4528,8297,1857,330
Income (loss) from equity method investments(211) 890532795757
Other undisclosed income (loss) from continuing operations before income taxes(2,626) (1)46713,872(9)
Income from continuing operations before income taxes:6,890 9,3419,82821,8528,078
Income tax expense (benefit)(2,436) (2,374)399(7,608)(2,835)
Net income:4,454 6,96710,22714,2445,243
Net income (loss) attributable to noncontrolling interest13 (4)(5)(5)(2)
Net income available to common stockholders, diluted:4,467 6,96310,22214,2395,241

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:4,454 6,96710,22714,2445,243
Other comprehensive income (loss)(1,477) (242)1551,228(598)
Comprehensive income:2,977 6,72510,38215,4724,645
Comprehensive income (loss), net of tax, attributable to noncontrolling interest13 (4)(5)(5)(2)
Comprehensive income, net of tax, attributable to parent:2,990 6,72110,37715,4674,643

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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