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SEC Filings

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

 
 
 
Schedule 8
ALTRIA GROUP, INC.
and Subsidiaries
Net Earnings and Diluted Earnings Per Share - Attributable to Altria Group, Inc.
For the Years Ended December 31,
(dollars in millions, except per share data)
(Unaudited)
 
 
 
 
 
 
 
 
 
Net Earnings
 
 Diluted EPS 1
2017 Net Earnings
$
10,222

 
$
5.31

2016 Net Earnings
$
14,239

 
$
7.28

% Change
(28.2
)%

(27.1
)%
 
 
 


Reconciliation:
 
 

2016 Net Earnings
$
14,239

 
$
7.28

 
 
 
 
2016 NPM Adjustment Items
11

 
0.01

2016 Tobacco and health litigation items
71

 
0.04

2016 SABMiller special items
(57
)
 
(0.03
)
2016 Loss on early extinguishment of debt
541

 
0.28

2016 Asset impairment, exit, implementation and acquisition-related costs
135

 
0.07

2016 Patent litigation settlement
13

 
0.01

2016 Gain on AB InBev/SABMiller business combination
(9,001
)
 
(4.61
)
2016 Tax items
(30
)
 
(0.02
)
     Subtotal 2016 special items
(8,317
)
 
(4.25
)
 
 
 


2017 NPM Adjustment Items
(2
)
 

2017 Tobacco and health litigation items
(50
)
 
(0.03
)
2017 AB InBev special items
(105
)
 
(0.05
)
2017 Asset impairment, exit, implementation and acquisition-related costs
(55
)
 
(0.03
)
2017 Gain on AB InBev/SABMiller business combination
289

 
0.15

2017 Settlement charge for lump sum pension payments
(49
)
 
(0.03
)
2017 Tax items
3,674

 
1.91

     Subtotal 2017 special items
3,702

 
1.92

 
 
 
 
Fewer shares outstanding

 
0.05

Change in tax rate
124

 
0.06

Operations
474

 
0.25

2017 Net Earnings
$
10,222


$
5.31

 
 
 
 
1 Diluted earnings per share attributable to Altria Group, Inc. is computed independently for each period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the year-to-date amounts.