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SEC Filings

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

Altria Group, Inc. and Subsidiaries
Consolidated Statements of Earnings
(in millions of dollars, except per share data)
____________________________________
 
for the years ended December 31,
2017

 
2016

 
2015

Net revenues
$
25,576

 
$
25,744

 
$
25,434

Cost of sales
7,543

 
7,746

 
7,740

Excise taxes on products
6,082

 
6,407

 
6,580

Gross profit
11,951

 
11,591

 
11,114

Marketing, administration and research costs
2,362

 
2,650

 
2,708

Reduction of PMI tax-related receivable

 

 
41

Asset impairment and exit costs
33

 
179

 
4

Operating income
9,556

 
8,762

 
8,361

Interest and other debt expense, net
705

 
747

 
817

Loss on early extinguishment of debt

 
823

 
228

Earnings from equity investment in AB InBev/SABMiller
(532
)
 
(795
)
 
(757
)
Gain on AB InBev/SABMiller business combination
(445
)
 
(13,865
)
 
(5
)
Earnings before income taxes
9,828

 
21,852

 
8,078

(Benefit) provision for income taxes
(399
)
 
7,608

 
2,835

Net earnings
10,227

 
14,244

 
5,243

Net earnings attributable to noncontrolling interests
(5
)
 
(5
)
 
(2
)
Net earnings attributable to Altria Group, Inc.
$
10,222

 
$
14,239

 
$
5,241

Per share data:
 
 
 
 
 
Basic and diluted earnings per share attributable to Altria Group, Inc.
$
5.31

 
$
7.28

 
$
2.67


See notes to consolidated financial statements.




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