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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
Notes to Consolidated Financial Statements
_________________________


Note 20. Quarterly Financial Data (Unaudited)
 
2017 Quarters
(in millions, except per share data)
1st

 
2nd

 
3rd

 
4th

Net revenues
$
6,083

 
$
6,663

 
$
6,729

 
$
6,101

Gross profit
$
2,779

 
$
3,119

 
$
3,183

 
$
2,870

Net earnings
$
1,402

 
$
1,990

 
$
1,867

 
$
4,968

Net earnings attributable to Altria Group, Inc.
$
1,401

 
$
1,989

 
$
1,866

 
$
4,966

Per share data:

 

 

 

Basic and diluted EPS attributable to Altria Group, Inc.
$
0.72

 
$
1.03

 
$
0.97

 
$
2.60

 
 
 
 
 
 
 
 
 
2016 Quarters
(in millions, except per share data)
1st

 
2nd

 
3rd

 
4th 

Net revenues
$
6,066

 
$
6,521

 
$
6,905

 
$
6,252

Gross profit
$
2,656

 
$
2,957

 
$
3,150

 
$
2,828

Net earnings
$
1,218

 
$
1,654

 
$
1,094

 
$
10,278

Net earnings attributable to Altria Group, Inc.
$
1,217

 
$
1,653

 
$
1,093

 
$
10,276

Per share data:

 

 

 

Basic and diluted EPS attributable to Altria Group, Inc.
$
0.62

 
$
0.84

 
$
0.56

 
$
5.27

During 2017 and 2016, the following pre-tax charges or (gains) were included in net earnings attributable to Altria Group, Inc.:
 
2017 Quarters
(in millions)
1st

 
2nd

 
3rd

 
4th

NPM Adjustment Items
$
(1
)
 
$

 
$
5

 
$

Tobacco and health litigation items, including accrued interest
1

 
17

 

 
62

Asset impairment, exit, implementation and acquisition-related costs
30

 
30

 
17

 
12

Settlement charge for lump sum pension payments

 

 

 
81

Gain on AB InBev/SABMiller business combination

 
(408
)
 
(37
)
 

AB InBev special items
73

 
2

 
34

 
51

 
$
103

 
$
(359
)
 
$
19


$
206

 
 
 
 
 
 
 
 
 
2016 Quarters
(in millions)
1st

 
2nd

 
3rd

 
4th 

NPM Adjustment Items
$
18

 
$

 
$

 
$

Tobacco and health litigation items, including accrued interest
38

 
5

 
45

 
17

Patent litigation settlement

 

 

 
21

Asset impairment, exit, implementation and acquisition-related costs
122

 
5

 
6

 
73

Loss on early extinguishment of debt

 

 
823

 

Gain on AB InBev/SABMiller business combination
(40
)
 
(117
)
 
(48
)
 
(13,660
)
SABMiller special items
166

 
21

 
(40
)
 
(236
)
 
$
304

 
$
(86
)
 
$
786

 
$
(13,785
)

As discussed in Note 14. Income Taxes, Altria Group, Inc. has recognized income tax benefits and charges in the consolidated statements of earnings during 2017 and 2016 as a result of various tax events, including the impact of the Tax Reform Act in the fourth quarter of 2017.


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