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 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. | |||
| 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 |