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: 2019 | |||
Consolidated Statements of Earnings (Losses) | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net revenues | $ 25,110 | 25,364 | 25,576 |
| Cost of sales | 7,085 | 7,373 | 7,531 |
| Excise taxes on products | 5,314 | 5,737 | 6,082 |
| Gross profit | 12,711 | 12,254 | 11,963 |
| Marketing, administration and research costs | 2,226 | 2,756 | 2,338 |
| Asset Impairment and Exit Costs | 159 | 383 | 32 |
| Operating (expense) income | 10,326 | 9,115 | 9,593 |
| Interest and other debt expense, net | 1,280 | 665 | 705 |
| Net periodic benefit (income) cost, excluding service cost | (37) | (34) | 37 |
| Earnings from equity investments | (1,725) | (890) | (532) |
| Impairment of JUUL equity securities | 8,600 | 0 | 0 |
| Loss on Cronos-related financial instruments | 1,442 | 0 | 0 |
| (Gain) loss on ABI/SABMiller business combination | 0 | 33 | (445) |
| Earnings (losses) before income taxes | 766 | 9,341 | 9,828 |
| Provision (benefit) for income taxes | 2,064 | 2,374 | (399) |
| Net earnings (losses) | (1,298) | 6,967 | 10,227 |
| Net (earnings) losses attributable to noncontrolling interests | 5 | (4) | (5) |
| Net earnings (losses) attributable to Altria | (1,293) | 6,963 | 10,222 |
| Per share data: | |||
| Basic earnings (losses) per share attributable to Altria (in usd per share) | (0.70) | 3.69 | 5.31 |
| Diluted earnings (losses) per share attributable to Altria (in usd per share) | (0.70) | 3.68 | 5.31 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Earnings (Losses) | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings (losses) | $ (1,298) | 6,967 | 10,227 |
| Other comprehensive earnings (losses), net of deferred income taxes: | |||
| Benefit plans | (24) | 68 | 209 |
| ABI | (319) | (309) | (54) |
| Currency translation adjustments and other | 26 | (1) | 0 |
| Other comprehensive earnings (losses), net of deferred income taxes | (317) | (242) | 155 |
| Comprehensive earnings (losses) | (1,615) | 6,725 | 10,382 |
| Comprehensive (earnings) losses attributable to noncontrolling interests | 5 | (4) | (5) |
| Comprehensive earnings (losses) attributable to Altria | (1,610) | 6,721 | 10,377 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings (losses) | $ (1,298) | 6,967 | 10,227 |
| Adjustments to reconcile net earnings (losses) to operating cash flows: | |||
| Depreciation and amortization | 226 | 227 | 209 |
| Deferred income tax provision (benefit) | (95) | (57) | (3,126) |
| Earnings from equity investments | (1,725) | (890) | (532) |
| (Gain) loss on ABI/SABMiller business combination | 0 | 33 | (445) |
| Dividends from ABI | 396 | 657 | 806 |
| Loss on Cronos-related financial instruments | 1,442 | 0 | 0 |
| Impairment of JUUL equity securities | 8,600 | 0 | 0 |
| Asset impairment and exit costs, net of cash paid | 41 | 354 | (38) |
| Cash effects of changes: | |||
| Receivables | (8) | 0 | 10 |
| Inventories | 42 | (129) | (171) |
| Accounts payable | (79) | 27 | (55) |
| Income taxes | 89 | 218 | (294) |
| Accrued liabilities and other current assets | 11 | (21) | (85) |
| Accrued settlement charges | (108) | 980 | (1,259) |
| Pension and postretirement plans contributions | (56) | (41) | (294) |
| Pension provisions and postretirement, net | (52) | (13) | (11) |
| Other, net | 411 | 79 | (41) |
| Net cash provided by (used in) operating activities | 7,837 | 8,391 | 4,901 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (246) | (238) | (199) |
| Acquisitions of businesses and assets | (421) | (15) | (415) |
| Investment in JUUL | (5) | (12,800) | 0 |
| Investment in Cronos | (1,899) | 0 | 0 |
| Other, net | 173 | 65 | 147 |
| Net cash (used in) provided by investing activities | (2,398) | (12,988) | (467) |
| Cash Provided by (Used in) Financing Activities | |||
| Proceeds from short-term borrowings | 0 | 12,800 | 0 |
| Repayment of short-term borrowings | (12,800) | 0 | 0 |
| Long-term debt issued | 16,265 | 0 | 0 |
| Long-term debt repaid | (1,144) | (864) | 0 |
| Repurchases of common stock | (845) | (1,673) | (2,917) |
| Dividends paid on common stock | (6,069) | (5,415) | (4,807) |
| Other, net | (119) | (132) | (47) |
| Net cash used in financing activities | (4,712) | 4,716 | (7,771) |
| Cash, cash equivalents and restricted cash: | |||
| Increase (decrease) | 727 | 119 | (3,337) |
| Balance at beginning of year | 1,433 | 1,314 | |
| Balance at end of year | 2,160 | 1,433 | 1,314 |
| Cash paid: Interest | 1,102 | 704 | 696 |
| Cash Paid: Income taxes | 1,977 | 2,307 | 3,036 |
| Cash and cash equivalents | 2,117 | 1,333 | 1,253 |
| Restricted cash included in other current assets | 0 | 57 [1] | 25 |
| Restricted cash included in other assets | 43 | 43 | 36 |
| Cash, cash equivalents and restricted cash | 2,160 | 1,433 | 1,314 |
| [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: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 25, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Cash and cash equivalents | $ 2,117 | 1,333 |
| Receivables | 152 | 142 |
| Inventories: | ||
| Leaf tobacco | 874 | 940 |
| Other raw materials | 192 | 186 |
| Work in process | 696 | 647 |
| Finished product | 531 | 558 |
| Inventory, net | 2,293 | 2,331 |
| Income taxes | 116 | 167 |
| Other current assets | 146 | 326 |
| Total current assets | 4,824 | 4,299 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 353 | 309 |
| Buildings and building equipment | 1,461 | 1,442 |
| Machinery and equipment | 2,998 | 2,981 |
| Construction in progress | 262 | 218 |
| Property, plant and equipment, at cost | 5,074 | 4,950 |
| Less accumulated depreciation | 3,075 | 3,012 |
| Property, plant and equipment, net | 1,999 | 1,938 |
| Goodwill | 5,177 | 5,196 |
| Other intangible assets, net | 12,687 | 12,279 |
| Investments in equity securities | 23,581 | 30,496 |
| Other assets | 1,003 | 1,251 |
| Total Assets | 49,271 | 55,459 |
| Liabilities | ||
| Short-term borrowings | 0 | 12,704 |
| Current portion of long-term debt | 1,000 | 1,144 |
| Accounts payable | 325 | 399 |
| Accrued liabilities: | ||
| Marketing | 393 | 586 |
| Settlement charges | 3,346 | 3,454 |
| Other | 1,545 | 1,403 |
| Dividends payable | 1,565 | 1,503 |
| Total current liabilities | 8,174 | 21,193 |
| Long-term debt | 27,042 | 11,898 |
| Deferred income taxes | 5,083 | 4,993 |
| Accrued pension costs | 473 | 544 |
| Accrued postretirement health care costs | 1,797 | 1,749 |
| Other liabilities | 345 | 254 |
| Total liabilities | 42,914 | 40,631 |
| Contingencies (Note 19) | ||
| Redeemable noncontrolling interest | 38 | 39 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,970 | 5,961 |
| Earnings reinvested in the business | 36,539 | 43,962 |
| Accumulated other comprehensive losses | (2,864) | (2,547) |
| Cost of repurchased stock (947,979,763 shares at December 31, 2019 and 931,903,722 shares at December 31, 2018) | (34,358) | (33,524) |
| Total stockholders equity attributable to Altria | 6,222 | 14,787 |
| Noncontrolling interests | 97 | 2 |
| Total stockholders equity | 6,319 | 14,789 |
| Total Liabilities and Stockholders Equity | 49,271 | 55,459 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2019 | |
| 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 |