10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net revenues | $ 25,744 | 25,434 | 24,522 |
| Cost of sales | 7,746 | 7,740 | 7,785 |
| Excise taxes on products | 6,407 | 6,580 | 6,577 |
| Gross profit | 11,591 | 11,114 | 10,160 |
| Marketing, administration and research costs | 2,650 | 2,708 | 2,539 |
| Reductions of PMI and Mondelez tax-related receivables | 0 | 41 | 2 |
| Asset impairment and exit costs | 179 | 4 | (1) |
| Operating (expense) income | 8,762 | 8,361 | 7,620 |
| Interest and other debt expense, net | 747 | 817 | 808 |
| Loss on early extinguishment of debt | 823 | 228 | 44 |
| Earnings from equity investment in SABMiller | (795) | (757) | (1,006) |
| Gain on AB InBev/SABMiller business combination | (13,865) | (5) | 0 |
| Earnings before income taxes | 21,852 | 8,078 | 7,774 |
| Provision for income taxes | 7,608 | 2,835 | 2,704 |
| Net earnings | 14,244 | 5,243 | 5,070 |
| Net earnings attributable to noncontrolling interests | (5) | (2) | 0 |
| Net earnings attributable to Altria Group, Inc. | 14,239 | 5,241 | 5,070 |
| Per share data: | |||
| Basic and diluted earnings per share attributable to Altria Group, Inc. (usd per share) | 7.28 | 2.67 | 2.56 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net earnings | $ 14,244 | 5,243 | 5,070 |
| Other comprehensive earnings (losses), net of deferred income taxes: | |||
| Currency translation adjustments | 1 | (3) | (2) |
| Benefit plans | (38) | 30 | (767) |
| SABMiller | 1,265 | (625) | (535) |
| Other comprehensive earnings (losses), net of deferred income taxes | 1,228 | (598) | (1,304) |
| Comprehensive earnings | 15,472 | 4,645 | 3,766 |
| Comprehensive earnings attributable to noncontrolling interests | (5) | (2) | 0 |
| Comprehensive earnings attributable to Altria Group, Inc. | 15,467 | 4,643 | 3,766 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings | $ 14,244 | 5,243 | 5,070 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 204 | 225 | 208 |
| Deferred income tax provision (benefit) | 3,119 | (132) | (129) |
| Earnings from equity investment in SABMiller | (795) | (757) | (1,006) |
| Gain on AB InBev/SABMiller business combination | 13,865 | 5 | 0 |
| Dividends from AB InBev/SABMiller | 739 | 495 | 456 |
| Asset impairment and exit costs, net of cash paid | 106 | 1 | (9) |
| Loss on early extinguishment of debt | 823 | 228 | 44 |
| Cash effects of changes, net of the effects from acquisition of Green Smoke: | |||
| Receivables | (27) | 3 | (8) |
| Inventories | (34) | (33) | (184) |
| Accounts payable | (6) | (7) | (5) |
| Income taxes | (231) | (12) | 1 |
| Accrued liabilities and other current assets | (113) | 184 | (107) |
| Accrued settlement charges | 111 | 90 | 109 |
| Pension plan contributions | (531) | (28) | (15) |
| Pension provisions and postretirement, net | (73) | 114 | 21 |
| Other | 120 | 201 | 217 |
| Net cash provided by operating activities | 3,791 | 5,810 | 4,663 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (189) | (229) | (163) |
| Acquisition of Green Smoke, net of acquired cash | 0 | 0 | (102) |
| Proceeds from finance assets | 231 | 354 | 369 |
| Proceeds from AB InBev/SABMiller business combination | 4,773 | 0 | 0 |
| Purchase of AB InBev ordinary shares | (1,578) | 0 | 0 |
| Payment for derivative financial instruments | (3) | (132) | 0 |
| Proceeds from derivative financial instruments | 510 | 0 | 0 |
| Other | (36) | (8) | 73 |
| Net cash (used in) provided by investing activities | 3,708 | (15) | 177 |
| Cash Provided by (Used in) Financing Activities | |||
| Long-term debt issued | 1,976 | 0 | 999 |
| Long-term debt repaid | (933) | (1,793) | (825) |
| Repurchases of common stock | (1,030) | (554) | (939) |
| Dividends paid on common stock | (4,512) | (4,179) | (3,892) |
| Premiums and fees related to early extinguishment of debt | (809) | (226) | (44) |
| Other | 9 | 5 | 7 |
| Net cash used in financing activities | (5,299) | (6,747) | (4,694) |
| Cash and cash equivalents: | |||
| Increase (decrease) | 2,200 | (952) | 146 |
| Balance at beginning of year | 2,369 | 3,321 | |
| Balance at end of year | 4,569 | 2,369 | 3,321 |
| Cash Paid: Interest | 775 | 776 | 820 |
| Cash Paid: Income taxes | 4,664 | 3,029 | 2,765 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and cash equivalents | $ 4,569 | 2,369 |
| Receivables | 151 | 124 |
| Inventories: | ||
| Leaf tobacco | 892 | 957 |
| Other raw materials | 164 | 181 |
| Work in process | 512 | 444 |
| Finished product | 483 | 449 |
| Inventory, net | 2,051 | 2,031 |
| Other current assets | 489 | 387 |
| Total current assets | 7,260 | 4,911 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 316 | 295 |
| Buildings and building equipment | 1,481 | 1,406 |
| Machinery and equipment | 2,917 | 2,969 |
| Construction in progress | 121 | 207 |
| Property, plant and equipment, at cost | 4,835 | 4,877 |
| Less accumulated depreciation | 2,877 | 2,895 |
| Property, plant and equipment, net | 1,958 | 1,982 |
| Goodwill | 5,285 | 5,285 |
| Other intangible assets, net | 12,036 | 12,028 |
| Investment in AB InBev/SABMiller | 17,852 | 5,483 |
| Finance assets, net | 1,028 | 1,239 |
| Other assets | 513 | 531 |
| Total Assets | 45,932 | 31,459 |
| Liabilities | ||
| Current portion of long-term debt | 0 | 4 |
| Accounts payable | 425 | 400 |
| Accrued liabilities: | ||
| Marketing | 747 | 695 |
| Employment costs | 289 | 198 |
| Settlement charges | 3,701 | 3,590 |
| Other | 1,025 | 1,073 |
| Dividends payable | 1,188 | 1,110 |
| Total current liabilities | 7,375 | 7,070 |
| Long-term debt | 13,881 | 12,843 |
| Deferred income taxes | 8,416 | 4,667 |
| Accrued pension costs | 805 | 1,277 |
| Accrued postretirement health care costs | 2,217 | 2,245 |
| Other liabilities | 427 | 447 |
| Total liabilities | 33,121 | 28,549 |
| Contingencies (Note 19) | ||
| Redeemable noncontrolling interest | 38 | 37 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,893 | 5,813 |
| Earnings reinvested in the business | 36,906 | 27,257 |
| Accumulated other comprehensive losses | (2,052) | (3,280) |
| Cost of repurchased stock (862,689,093 shares at December 31, 2016 and 845,901,836 shares at December 31, 2015) | (28,912) | (27,845) |
| Total stockholders equity attributable to Altria Group, Inc. | 12,770 | 2,880 |
| Noncontrolling interests | 3 | (7) |
| Total stockholders equity | 12,773 | 2,873 |
| Total Liabilities and Stockholders Equity | 45,932 | 31,459 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |