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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 Cash Flows
(in millions of dollars)
__________________
 
for the years ended December 31,
2017

 
2016

 
2015

Cash Provided by (Used in) Operating Activities
 
 
 
 
 
Net earnings
$
10,227

 
$
14,244

 
$
5,243

Adjustments to reconcile net earnings to operating cash flows:
 
 
 
 
 
Depreciation and amortization
209

 
204

 
225

Deferred income tax (benefit) provision
(3,126
)
 
3,119

 
(132
)
Earnings from equity investment in AB InBev/SABMiller
(532
)
 
(795
)
 
(757
)
Gain on AB InBev/SABMiller business combination
(445
)
 
(13,865
)
 
(5
)
Dividends from AB InBev/SABMiller
806

 
739

 
495

Asset impairment and exit costs, net of cash paid
(38
)
 
106

 
1

Loss on early extinguishment of debt

 
823

 
228

Cash effects of changes:
 
 
 
 
 
Receivables
10

 
(27
)
 
3

Inventories
(171
)
 
(34
)
 
(33
)
Accounts payable
(55
)
 
24

 
26

Income taxes
(294
)
 
(231
)
 
(12
)
Accrued liabilities and other current assets
(85
)
 
(113
)
 
184

Accrued settlement charges
(1,259
)
 
111

 
90

Pension and postretirement plans contributions
(294
)
 
(531
)
 
(28
)
Pension provisions and postretirement, net
(11
)
 
(73
)
 
114

Other
(20
)
 
120

 
201

Net cash provided by operating activities
4,922

 
3,821

 
5,843

Cash Provided by (Used in) Investing Activities
 
 
 
 
 
Capital expenditures
(199
)
 
(189
)
 
(229
)
Acquisitions of businesses and assets
(415
)
 
(45
)
 

Proceeds from finance assets
133

 
231

 
354

Proceeds from AB InBev/SABMiller business combination

 
4,773

 

Purchase of AB InBev ordinary shares

 
(1,578
)
 

Payment for derivative financial instruments
(5
)
 
(3
)
 
(132
)
Proceeds from derivative financial instruments

 
510

 

Other
19

 
9

 
(8
)
Net cash (used in) provided by investing activities
(467
)
 
3,708

 
(15
)
Cash Provided by (Used in) Financing Activities
 
 
 
 
 
Long-term debt issued

 
1,976

 

Long-term debt repaid

 
(933
)
 
(1,793
)
Repurchases of common stock
(2,917
)
 
(1,030
)
 
(554
)
Dividends paid on common stock
(4,807
)
 
(4,512
)
 
(4,179
)
Premiums and fees related to early extinguishment of debt

 
(809
)
 
(226
)
Other
(47
)
 
(21
)
 
(28
)
Net cash used in financing activities
(7,771
)
 
(5,329
)
 
(6,780
)
Cash and cash equivalents:
 
 
 
 
 
(Decrease) increase
(3,316
)
 
2,200

 
(952
)
Balance at beginning of year
4,569

 
2,369

 
3,321

Balance at end of year
$
1,253

 
$
4,569

 
$
2,369

Cash paid: Interest
 
 
$
696

 
$
775

 
$
776

                       Income taxes
 
 
$
3,036

 
$
4,664

 
$
3,029

See notes to consolidated financial statements.


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