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: 2018 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net revenues | $ 25,364 | 25,576 | 25,744 |
| Cost of sales | 7,373 | 7,531 | 7,765 |
| Excise taxes on products | 5,737 | 6,082 | 6,407 |
| Gross profit | 12,254 | 11,963 | 11,572 |
| Marketing, administration and research costs | 2,756 | 2,338 | 2,662 |
| Asset impairment and exit costs | 383 | 32 | 149 |
| Operating (expense) income | 9,115 | 9,593 | 8,761 |
| Interest and other debt expense, net | 665 | 705 | 747 |
| Loss on early extinguishment of debt | 0 | 0 | 823 |
| Net periodic benefit (income) cost, excluding service cost | (34) | 37 | (1) |
| Earnings from equity investment in AB InBev/SABMiller | (890) | (532) | (795) |
| Loss (gain) on AB InBev/SABMiller business combination | 33 | (445) | (13,865) |
| Earnings before income taxes | 9,341 | 9,828 | 21,852 |
| Provision (benefit) for income taxes | 2,374 | (399) | 7,608 |
| Net earnings | 6,967 | 10,227 | 14,244 |
| Net earnings attributable to noncontrolling interests | (4) | (5) | (5) |
| Net earnings attributable to Altria | 6,963 | 10,222 | 14,239 |
| Per share data: | |||
| Basic earnings per share attributable to Altria (in usd per share) | 3.69 | 5.31 | 7.28 |
| DIluted earnings per share attributable to Altria (in usd per share) | 3.68 | 5.31 | 7.28 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net earnings | $ 6,967 | 10,227 | 14,244 |
| Other comprehensive earnings (losses), net of deferred income taxes: | |||
| Benefit plans | 68 | 209 | (38) |
| AB InBev/SABMiller | (309) | (54) | 1,265 |
| Currency Translation Adjustment and Other | (1) | 0 | 1 |
| Other comprehensive (losses) earnings, net of deferred income taxes | (242) | 155 | 1,228 |
| Comprehensive earnings | 6,725 | 10,382 | 15,472 |
| Comprehensive earnings attributable to noncontrolling interests | (4) | (5) | (5) |
| Comprehensive earnings attributable to Altria | 6,721 | 10,377 | 15,467 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings | $ 6,967 | 10,227 | 14,244 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 227 | 209 | 204 |
| Deferred income tax (benefit) provision | (57) | (3,126) | 3,119 |
| Earnings from equity investment in AB InBev/SABMiller | (890) | (532) | (795) |
| Loss (gain) on AB InBev/SABMiller business combination | 33 | (445) | (13,865) |
| Dividends from AB InBev/SABMiller | 657 | 806 | 739 |
| Asset impairment and exit costs, net of cash paid | 354 | (38) | 106 |
| Loss on early extinguishment of debt | 0 | 0 | 823 |
| Cash effects of changes: | |||
| Receivables | 0 | 10 | (27) |
| Inventories | (129) | (171) | (34) |
| Accounts payable | 27 | (55) | 24 |
| Income taxes | 218 | (294) | (231) |
| Accrued liabilities and other current assets | (21) | (85) | (113) |
| Accrued settlement charges | 980 | (1,259) | 111 |
| Pension and postretirement plans contributions | (41) | (294) | (531) |
| Pension provisions and postretirement, net | (13) | (11) | (73) |
| Other, net | 79 | (41) | 125 |
| Net cash provided by operating activities | 8,391 | 4,901 | 3,826 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (238) | (199) | (189) |
| Acquisitions of businesses and assets | (15) | (415) | (45) |
| Investment in JUUL | (12,800) | 0 | 0 |
| Proceeds from finance assets | 37 | 133 | 231 |
| Proceeds from AB InBev/SABMiller business combination | 0 | 0 | 4,773 |
| Purchase of AB InBev ordinary shares | 0 | 0 | (1,578) |
| Proceeds from derivative financial instruments | 35 | 0 | 510 |
| Other, net | (7) | 14 | 6 |
| Net cash (used in) provided by investing activities | (12,988) | (467) | 3,708 |
| Cash Provided by (Used in) Financing Activities | |||
| Proceeds from short-term borrowings | 12,800 | 0 | 0 |
| Long-term debt issued | 0 | 0 | 1,976 |
| Long-term debt repaid | (864) | 0 | (933) |
| Repurchases of common stock | (1,673) | (2,917) | (1,030) |
| Dividends paid on common stock | (5,415) | (4,807) | (4,512) |
| Premiums and fees related to early extinguishment of debt | 0 | 0 | (809) |
| Other, net | (132) | (47) | (21) |
| Net cash used in financing activities | 4,716 | (7,771) | (5,329) |
| Cash, cash equivalents and restricted cash: | |||
| Increase (decrease) | 119 | (3,337) | 2,205 |
| Balance at beginning of year | 1,314 | 4,651 | |
| Balance at end of year | 1,433 | 1,314 | 4,651 |
| Cash paid: Interest | 704 | 696 | 775 |
| Cash Paid: Income taxes | 2,307 | 3,036 | 4,664 |
| Cash and cash equivalents | 1,333 | 1,253 | 4,569 |
| Restricted Cash, Current | 57 | 25 | 0 |
| Restricted Cash, Noncurrent | 43 | 36 | 82 [1] |
| Cash, cash equivalents and restricted cash | 1,433 | 1,314 | 4,651 |
| [1] Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 19. Contingencies. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Cash and cash equivalents | $ 1,333 | 1,253 |
| Receivables | 142 | 142 |
| Inventories: | ||
| Leaf tobacco | 940 | 941 |
| Other raw materials | 186 | 170 |
| Work in process | 647 | 560 |
| Finished product | 558 | 554 |
| Inventory, net | 2,331 | 2,225 |
| Income taxes | 167 | 461 |
| Other current assets | 326 | 263 |
| Total current assets | 4,299 | 4,344 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 309 | 302 |
| Buildings and building equipment | 1,442 | 1,437 |
| Machinery and equipment | 2,981 | 2,975 |
| Construction in progress | 218 | 165 |
| Property, plant and equipment, at cost | 4,950 | 4,879 |
| Less accumulated depreciation | 3,012 | 2,965 |
| Property, plant and equipment, net | 1,938 | 1,914 |
| Goodwill | 5,196 | 5,307 |
| Other intangible assets, net | 12,279 | 12,400 |
| Investment in AB InBev | 17,696 | 17,952 |
| Investment in JUUL | 12,800 | 0 |
| Other assets | 1,430 | 1,285 |
| Total Assets | 55,638 | 43,202 |
| Liabilities | ||
| Short-term borrowings | 12,704 | 0 |
| Current portion of long-term debt | 1,144 | 864 |
| Accounts payable | 399 | 374 |
| Accrued liabilities: | ||
| Marketing | 586 | 695 |
| Employment costs | 189 | 188 |
| Settlement charges | 3,454 | 2,442 |
| Other | 1,214 | 971 |
| Dividends payable | 1,503 | 1,258 |
| Total current liabilities | 21,193 | 6,792 |
| Long-term debt | 11,898 | 13,030 |
| Deferred income taxes | 5,172 | 5,247 |
| Accrued pension costs | 544 | 445 |
| Accrued postretirement health care costs | 1,749 | 1,987 |
| Other liabilities | 254 | 283 |
| Total liabilities | 40,810 | 27,784 |
| Contingencies | ||
| Redeemable noncontrolling interest | 39 | 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 | 5,961 | 5,952 |
| Earnings reinvested in the business | 43,962 | 42,251 |
| Accumulated other comprehensive losses | (2,547) | (1,897) |
| Cost of repurchased stock (931,903,722 shares at December 31, 2018 and 904,702,125 shares at December 31, 2017) | (33,524) | (31,864) |
| Total stockholders equity attributable to Altria | 14,787 | 15,377 |
| Noncontrolling interests | 2 | 3 |
| Total stockholders equity | 14,789 | 15,380 |
| Total Liabilities and Stockholders Equity | 55,638 | 43,202 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2018 | |
| 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 |