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: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 4,030 | 4,544 |
| Receivable from the sale of IQOS System commercialization rights | 1,721 | 0 |
| Other | 48 | 47 |
| Inventories: | ||
| Leaf tobacco | 704 | 744 |
| Other raw materials | 186 | 166 |
| Work in process | 24 | 23 |
| Finished product | 266 | 261 |
| Inventory, net | 1,180 | 1,194 |
| Other current assets | 241 | 298 |
| Total current assets | 7,220 | 6,083 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 123 | 123 |
| Buildings and building equipment | 1,478 | 1,422 |
| Machinery and equipment | 2,578 | 2,652 |
| Construction in progress | 248 | 235 |
| Property, plant and equipment, at cost | 4,427 | 4,432 |
| Less accumulated depreciation | 2,819 | 2,879 |
| Property, plant and equipment, net | 1,608 | 1,553 |
| Goodwill | 5,177 | 5,177 |
| Other intangible assets, net | 12,384 | 12,306 |
| Investments in equity securities ($250 million and $1,720 million at December 31, 2022 and 2021, respectively, measured at fair value) | 9,600 | 13,481 |
| Other assets | 965 | 923 |
| Total Assets | 36,954 | 39,523 |
| Liabilities | ||
| Current portion of long-term debt | 1,556 | 1,105 |
| Accounts payable | 552 | 449 |
| Accrued liabilities: | ||
| Marketing | 599 | 664 |
| Settlement charges | 2,925 | 3,349 |
| Other | 1,299 | 1,365 |
| Dividends payable | 1,685 | 1,647 |
| Total current liabilities | 8,616 | 8,579 |
| Long-term debt | 25,124 | 26,939 |
| Deferred income taxes | 2,897 | 3,692 |
| Accrued pension costs | 133 | 200 |
| Accrued postretirement health care costs | 1,083 | 1,436 |
| Deferred gain from the sale of IQOS System commercialization rights | 2,700 | 0 |
| Other liabilities | 324 | 283 |
| Total liabilities | 40,877 | 41,129 |
| Contingencies (Note 17) | ||
| Stockholders Equity (Deficit) | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,887 | 5,857 |
| Earnings reinvested in the business | 29,792 | 30,664 |
| Accumulated other comprehensive losses | (2,771) | (3,056) |
| Cost of repurchased stock (1,020,427,195 shares at December 31, 2022 and 982,785,699 shares at December 31, 2021) | (37,816) | (36,006) |
| Total stockholders equity (deficit) attributable to Altria | (3,973) | (1,606) |
| Noncontrolling interests | 50 | 0 |
| Total stockholders equity (deficit) | (3,923) | (1,606) |
| Total Liabilities and Stockholders Equity (Deficit) | 36,954 | 39,523 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2022 | |
| 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 |