Print Page | Close Window

SEC Filings

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

Altria Group, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
_________________________


Condensed Consolidating Statements of Earnings and Comprehensive Earnings
(in millions of dollars)
_____________________________
for the year ended December 31, 2017
Altria
Group, Inc.

 
PM USA

 
Non-
Guarantor
Subsidiaries

 
Total
Consolidating
Adjustments

 
Consolidated

Net revenues
$

 
$
21,826

 
$
3,787

 
$
(37
)
 
$
25,576

Cost of sales

 
6,414

 
1,166

 
(37
)
 
7,543

Excise taxes on products

 
5,864

 
218

 

 
6,082

Gross profit

 
9,548

 
2,403

 

 
11,951

Marketing, administration and research costs
173

 
1,710

 
479

 

 
2,362

Asset impairment and exit costs

 
1

 
32

 

 
33

Operating (expense) income
(173
)
 
7,837

 
1,892

 

 
9,556

Interest and other debt expense (income), net
510

 
(20
)
 
215

 

 
705

Earnings from equity investment in AB InBev
(532
)
 

 

 

 
(532
)
Gain on AB InBev/SABMiller business combination
(445
)
 

 

 

 
(445
)
Earnings before income taxes and equity earnings of subsidiaries
294

 
7,857

 
1,677

 

 
9,828

(Benefit) provision for income taxes
(2,624
)
 
3,127

 
(902
)
 

 
(399
)
Equity earnings of subsidiaries
7,304

 
558

 

 
(7,862
)
 

Net earnings
10,222

 
5,288

 
2,579

 
(7,862
)
 
10,227

Net earnings attributable to noncontrolling interests

 

 
(5
)
 

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

 
$
5,288

 
$
2,574

 
$
(7,862
)
 
$
10,222

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings
$
10,222

 
$
5,288

 
$
2,579

 
$
(7,862
)
 
$
10,227

Other comprehensive earnings, net of deferred income taxes
155

 
3

 
214

 
(217
)
 
155

Comprehensive earnings
10,377

 
5,291

 
2,793

 
(8,079
)
 
10,382

Comprehensive earnings attributable to noncontrolling interests

 

 
(5
)
 

 
(5
)
Comprehensive earnings attributable to
Altria Group, Inc.
$
10,377

 
$
5,291

 
$
2,788

 
$
(8,079
)
 
$
10,377




65