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SEC Filings

8-K
ALTRIA GROUP, INC. filed this Form 8-K on 02/01/2018
Entire Document
 

 
 
 
 
Schedule 7
 
ALTRIA GROUP, INC.
and Subsidiaries
Reconciliation of GAAP and non-GAAP Measures
For the Quarters Ended December 31,
(dollars in millions, except per share data)
(Unaudited)
 
 
 
 
 
 
 
 
Earnings before Income Taxes
(Benefit) Provision for Income Taxes
Net Earnings
Net Earnings Attributable to Altria Group, Inc.
Diluted EPS
2017 Reported
$
2,183

$
(2,785
)
$
4,968

$
4,966

$
2.60

AB InBev special items
51

17

34

34

0.02

Asset impairment, exit, implementation and
    acquisition-related costs
12

4

8

8


Tobacco and health litigation items
62

24

38

38

0.02

Settlement charge for lump sum pension payments
81

32

49

49

0.03

Tax items

3,353

(3,353
)
(3,353
)
(1.76
)
2017 Adjusted for Special Items
$
2,389

$
645

$
1,744

$
1,742

$
0.91

 
 
 
 
 
 
2016 Reported
$
15,708

$
5,430

$
10,278

$
10,276

$
5.27

Tobacco and health litigation items
17

2

15

15

0.01

SABMiller special items
(236
)
(83
)
(153
)
(153
)
(0.07
)
Asset impairment, exit and implementation costs
73

22

51

51

0.03

Patent litigation settlement
21

8

13

13

0.01

Gain on AB InBev/SABMiller business
combination
(13,660
)
(4,788
)
(8,872
)
(8,872
)
(4.56
)
Tax items

13

(13
)
(13
)
(0.01
)
2016 Adjusted for Special Items
$
1,923

$
604

$
1,319

$
1,317

$
0.68

 
 
 
 
 
 
2017 Reported Net Earnings
 
 
 
$
4,966

$
2.60

2016 Reported Net Earnings
 
 
 
$
10,276

$
5.27

% Change
 
 
 
(51.7
)%
(50.7
)%
 
 
 
 
 
 
2017 Net Earnings Adjusted for Special Items
 
 
$
1,742

$
0.91

2016 Net Earnings Adjusted for Special Items
 
 
$
1,317

$
0.68

% Change
 
 
 
32.3
 %
33.8
 %