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: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net revenues | $ 25,576 | 25,744 | 25,434 |
| Cost of sales | 7,543 | 7,746 | 7,740 |
| Excise taxes on products | 6,082 | 6,407 | 6,580 |
| Gross profit | 11,951 | 11,591 | 11,114 |
| Marketing, administration and research costs | 2,362 | 2,650 | 2,708 |
| Reduction of PMI tax-related receivable | 0 | 0 | 41 |
| Asset impairment and exit costs | 33 | 179 | 4 |
| Operating (expense) income | 9,556 | 8,762 | 8,361 |
| Interest and other debt expense, net | 705 | 747 | 817 |
| Loss on early extinguishment of debt | 0 | 823 | 228 |
| Earnings from equity investment in AB InBev/SABMiller | (532) | (795) | (757) |
| Gain on AB InBev/SABMiller business combination | (445) | (13,865) | (5) |
| Earnings before income taxes | 9,828 | 21,852 | 8,078 |
| (Benefit) provision for income taxes | (399) | 7,608 | 2,835 |
| Net earnings | 10,227 | 14,244 | 5,243 |
| Net earnings attributable to noncontrolling interests | (5) | (5) | (2) |
| Net earnings attributable to Altria Group, Inc. | 10,222 | 14,239 | 5,241 |
| Per share data: | |||
| Basic and diluted earnings per share attributable to Altria Group, Inc. (usd per share) | 5.31 | 7.28 | 2.67 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings | $ 10,227 | 14,244 | 5,243 |
| Other comprehensive earnings (losses), net of deferred income taxes: | |||
| Currency translation adjustments | 0 | 1 | (3) |
| Benefit plans | 209 | (38) | 30 |
| AB InBev/SABMiller | (54) | 1,265 | (625) |
| Other comprehensive earnings (losses), net of deferred income taxes | 155 | 1,228 | (598) |
| Comprehensive earnings | 10,382 | 15,472 | 4,645 |
| Comprehensive earnings attributable to noncontrolling interests | (5) | (5) | (2) |
| Comprehensive earnings attributable to Altria Group, Inc. | 10,377 | 15,467 | 4,643 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings | $ 10,227 | 14,244 | 5,243 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 209 | 204 | 225 |
| Deferred income tax (benefit) provision | (3,126) | 3,119 | (132) |
| Earnings from equity investment in AB InBev/SABMiller | (532) | (795) | (757) |
| Gain on AB InBev/SABMiller business combination | (445) | (13,865) | (5) |
| Dividends from AB InBev/SABMiller | 806 | 739 | 495 |
| Asset impairment and exit costs, net of cash paid | (38) | 106 | 1 |
| Loss on early extinguishment of debt | 0 | 823 | 228 |
| Cash effects of changes: | |||
| Receivables | 10 | (27) | 3 |
| Inventories | (171) | (34) | (33) |
| Accounts payable | (55) | 24 | 26 |
| Income taxes | (294) | (231) | (12) |
| Accrued liabilities and other current assets | (85) | (113) | 184 |
| Accrued settlement charges | (1,259) | 111 | 90 |
| Pension and postretirement plans contributions | (294) | (531) | (28) |
| Pension provisions and postretirement, net | (11) | (73) | 114 |
| Other | (20) | 120 | 201 |
| Net cash provided by operating activities | 4,922 | 3,821 | 5,843 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (199) | (189) | (229) |
| Acquisitions of businesses and assets | (415) | (45) | 0 |
| Proceeds from finance assets | 133 | 231 | 354 |
| Proceeds from AB InBev/SABMiller business combination | 0 | 4,773 | 0 |
| Purchase of AB InBev ordinary shares | 0 | (1,578) | 0 |
| Payment for derivative financial instruments | (5) | (3) | (132) |
| Proceeds from derivative financial instruments | 0 | 510 | 0 |
| Other | 19 | 9 | (8) |
| Net cash (used in) provided by investing activities | (467) | 3,708 | (15) |
| Cash Provided by (Used in) Financing Activities | |||
| Long-term debt issued | 0 | 1,976 | 0 |
| Long-term debt repaid | 0 | (933) | (1,793) |
| Repurchases of common stock | (2,917) | (1,030) | (554) |
| Dividends paid on common stock | (4,807) | (4,512) | (4,179) |
| Premiums and fees related to early extinguishment of debt | 0 | (809) | (226) |
| Other | (47) | (21) | (28) |
| Net cash used in financing activities | (7,771) | (5,329) | (6,780) |
| Cash and cash equivalents: | |||
| (Decrease) increase | (3,316) | 2,200 | (952) |
| Balance at beginning of year | 4,569 | 2,369 | |
| Balance at end of year | 1,253 | 4,569 | 2,369 |
| Cash Paid: Interest | 696 | 775 | 776 |
| Cash Paid: Income taxes | 3,036 | 4,664 | 3,029 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and cash equivalents | $ 1,253 | 4,569 |
| Receivables | 142 | 151 |
| Inventories: | ||
| Leaf tobacco | 941 | 892 |
| Other raw materials | 170 | 164 |
| Work in process | 560 | 512 |
| Finished product | 554 | 483 |
| Inventory, net | 2,225 | 2,051 |
| Income taxes | 461 | 269 |
| Other current assets | 263 | 220 |
| Total current assets | 4,344 | 7,260 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 302 | 316 |
| Buildings and building equipment | 1,437 | 1,481 |
| Machinery and equipment | 2,975 | 2,917 |
| Construction in progress | 165 | 121 |
| Property, plant and equipment, at cost | 4,879 | 4,835 |
| Less accumulated depreciation | 2,965 | 2,877 |
| Property, plant and equipment, net | 1,914 | 1,958 |
| Goodwill | 5,307 | 5,285 |
| Other intangible assets, net | 12,400 | 12,036 |
| Investment in AB InBev | 17,952 | 17,852 |
| Finance assets, net | 899 | 1,028 |
| Other assets | 386 | 513 |
| Total Assets | 43,202 | 45,932 |
| Liabilities | ||
| Current portion of long-term debt | 864 | 0 |
| Accounts payable | 374 | 425 |
| Accrued liabilities: | ||
| Marketing | 695 | 747 |
| Employment costs | 188 | 289 |
| Settlement charges | 2,442 | 3,701 |
| Other | 971 | 1,025 |
| Dividends payable | 1,258 | 1,188 |
| Total current liabilities | 6,792 | 7,375 |
| Long-term debt | 13,030 | 13,881 |
| Deferred income taxes | 5,247 | 8,416 |
| Accrued pension costs | 445 | 805 |
| Accrued postretirement health care costs | 1,987 | 2,217 |
| Other liabilities | 283 | 427 |
| Total liabilities | 27,784 | 33,121 |
| Contingencies (Note 18) | ||
| Redeemable noncontrolling interest | 38 | 38 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,952 | 5,893 |
| Earnings reinvested in the business | 42,251 | 36,906 |
| Accumulated other comprehensive losses | (1,897) | (2,052) |
| Cost of repurchased stock (904,702,125 shares at December 31, 2017 and 862,689,093 shares at December 31, 2016) | (31,864) | (28,912) |
| Total stockholders equity attributable to Altria Group, Inc. | 15,377 | 12,770 |
| Noncontrolling interests | 3 | 3 |
| Total stockholders equity | 15,380 | 12,773 |
| Total Liabilities and Stockholders Equity | 43,202 | 45,932 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2017 | |
| 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 |