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 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. | |||
| 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 |