$MO
ALTRIA GROUP, INC. Stock $mo

$mo Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000076418024000093 Filed on July 31, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$6.259B	$6.209B
YoY Change	-0.35%	-4.59%
Cost Of Revenue	$1.536B	$1.602B
YoY Change	-2.66%	-41.77%
Gross Profit	$3.808B	$3.675B
YoY Change	2.95%	-2.18%
Gross Profit Margin	60.84%	59.19%
Selling, General & Admin	$634.0M	$744.0M
YoY Change	10.45%	32.38%
% of Gross Profit	16.65%	20.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$74.00M	$74.00M
YoY Change	-7.5%	19.35%
% of Gross Profit	1.94%	2.01%
Operating Expenses	$634.0M	$744.0M
YoY Change	10.45%	32.38%
Operating Profit	$3.152B	$2.533B
YoY Change	2.04%	-20.72%
Interest Expense	-$267.0M	-$261.0M
YoY Change	24.77%	100.77%
% of Operating Profit	-8.47%	-10.3%
Other Income/Expense, Net	$25.00M	$25.00M
YoY Change	-24.24%	-19.35%
Pretax Income	$3.026B	$5.116B
YoY Change	4.06%	82.32%
Income Tax	$733.0M	$1.313B
% Of Pretax Income	24.22%	25.66%
Net Earnings	$2.293B	$3.803B
YoY Change	5.86%	79.98%
Net Earnings / Revenue	36.64%	61.25%
Basic Earnings Per Share	$1.34	$2.21
Diluted Earnings Per Share	$1.34	$2.21
COMMON SHARES
Basic Shares Outstanding	1.706B shares	1.718B shares
Diluted Shares Outstanding	1.703B shares	1.718B shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.897B	$1.799B
YoY Change	23.42%	105.84%
Cash & Equivalents	$1.897B	$1.799B
Short-Term Investments
Other Short-Term Assets	$210.0M	$179.0M
YoY Change	-66.24%	-59.13%
Inventory	$1.101B	$1.174B
Prepaid Expenses
Receivables
Other Receivables	$87.00M	$72.00M
Total Short-Term Assets	$3.499B	$3.540B
YoY Change	3.22%	-18.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.618B	$1.620B
YoY Change	-0.68%	-0.37%
Goodwill	$6.945B	$6.945B
YoY Change	2.27%	2.28%
Intangibles	$13.01B	$13.05B
YoY Change	-5.22%	-5.1%
Long-Term Investments	$8.153B	$8.335B
YoY Change	-17.7%	-13.56%
Other Assets	$942.0M	$899.0M
YoY Change	-8.1%	-10.55%
Total Long-Term Assets	$30.67B	$30.85B
YoY Change	-7.29%	-5.99%
TOTAL ASSETS
Total Short-Term Assets	$3.499B	$3.540B
Total Long-Term Assets	$30.67B	$30.85B
Total Assets	$34.17B	$34.39B
YoY Change	-6.31%	-7.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$510.0M	$556.0M
YoY Change	4.08%	22.47%
Accrued Expenses	$3.944B	$3.673B
YoY Change	-2.47%	9.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$1.585B	$1.553B
YoY Change	41.39%	38.54%
Total Short-Term Liabilities	$7.996B	$7.782B
YoY Change	-22.97%	-33.28%
LONG-TERM LIABILITIES
Long-Term Debt	$23.57B	$23.47B
YoY Change	-1.7%	-2.51%
Other Long-Term Liabilities	$1.596B	$1.607B
YoY Change	-7.1%	-36.83%
Total Long-Term Liabilities	$25.17B	$25.08B
YoY Change	-2.06%	-5.79%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.996B	$7.782B
Total Long-Term Liabilities	$25.17B	$25.08B
Total Liabilities	$37.59B	$37.35B
YoY Change	-5.63%	-8.85%
SHAREHOLDERS EQUITY
Retained Earnings	$34.21B	$33.65B
YoY Change	11.18%	10.91%
Common Stock	$6.825B	$6.811B
YoY Change	-0.07%	-0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$41.88B	$41.20B
YoY Change	8.69%	7.63%
Treasury Stock Shares
Shareholders Equity	-$3.468B	-$3.016B
YoY Change
Total Liabilities & Shareholders Equity	$34.17B	$34.39B
YoY Change	-6.31%	-7.44%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$2.293B	$3.803B
YoY Change	5.86%	79.98%
Depreciation, Depletion And Amortization	$74.00M	$74.00M
YoY Change	-7.5%	19.35%
Cash From Operating Activities	$2.611B	-$75.00M
YoY Change	-11.55%	-160.48%
INVESTING ACTIVITIES
Capital Expenditures	$31.00M	$29.00M
YoY Change	-22.5%	-39.58%
Acquisitions
YoY Change
Other Investing Activities	-$10.00M	-$8.000M
YoY Change	-100.59%	-99.71%
Cash From Investing Activities	-$41.00M	-$37.00M
YoY Change	-102.5%	-98.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.478B	-1.698B
YoY Change	-37.03%	355.23%
NET CHANGE
Cash From Operating Activities	2.611B	-75.00M
Cash From Investing Activities	-41.00M	-37.00M
Cash From Financing Activities	-2.478B	-1.698B
Net Change In Cash	92.00M	-1.810B
YoY Change	-86.02%	-40.68%
FREE CASH FLOW
Cash From Operating Activities	$2.611B	-$75.00M
Capital Expenditures	$31.00M	$29.00M
Free Cash Flow	$2.580B	-$104.0M
YoY Change	-11.4%	-236.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.21
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CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	70000000	usd
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	us-gaap	Profit Loss ProfitLoss	3904000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	139000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	114000000	usd
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	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	414000000	usd
	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	47000000	usd
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	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	58000000	usd
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	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9000000	usd
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	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-82000000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	177000000	usd
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	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	-187000000	usd
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	mo	Increase Decrease In Settlement Payable IncreaseDecreaseInSettlementPayable	-1363000000	usd
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	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	176000000	usd
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	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3108000000	usd
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	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	103000000	usd
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	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	0	usd
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	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1566000000	usd
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	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3168000000	usd
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CY2024Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	310000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	258000000	usd
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CY2024Q2	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	0	usd
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CY2023Q4	us-gaap	Supplier Finance Program Obligation SupplierFinanceProgramObligation	119000000	usd
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CY2023Q4	us-gaap	Goodwill Goodwill	6791000000	usd
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CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	150000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	150000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	150000000	usd
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	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	5918000000	usd
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	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3897000000	usd
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	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1738000000	shares
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	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1784000000	shares
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	11785000000	usd
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CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6209000000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6508000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	64000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	45000000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	37000000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	27000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	5207000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	5662000000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	2533000000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	2905000000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-515000000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-486000000	usd
CY2024Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-261000000	usd
CY2023Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-257000000	usd
	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-49000000	usd
	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-62000000	usd
CY2024Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-25000000	usd
CY2023Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-31000000	usd
	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	414000000	usd
	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	47000000	usd
CY2024Q2	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	119000000	usd
CY2023Q2	mo	Gain Loss From Equity Securities GainLossFromEquitySecurities	127000000	usd
	mo	Gain On Sale Of Iqos System Commercialization Rights GainOnSaleOfIQOSSystemCommercializationRights	2700000000	usd
	mo	Gain On Sale Of Iqos System Commercialization Rights GainOnSaleOfIQOSSystemCommercializationRights	0	usd
CY2024Q2	mo	Gain On Sale Of Iqos System Commercialization Rights GainOnSaleOfIQOSSystemCommercializationRights	2700000000	usd
CY2023Q2	mo	Gain On Sale Of Iqos System Commercialization Rights GainOnSaleOfIQOSSystemCommercializationRights	0	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7855000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5285000000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5116000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2806000000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	354000000	usd
CY2024Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	354000000	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	0	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	0	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	25000000000.0	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	26200000000	usd
CY2024Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	351000000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	410000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7855000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5285000000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5116000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2806000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1923000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1381000000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1313000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	689000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.245
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.261
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.257
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.246
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2256000000	usd
	mo	Valuation Allowance Deferred Tax Asset Increase In Amount ValuationAllowanceDeferredTaxAssetIncreaseInAmount	7000000	usd
	mo	Valuation Allowance Deferred Tax Asset Decrease In Amount ValuationAllowanceDeferredTaxAssetDecreaseInAmount	94000000	usd
	mo	Valuation Allowance Foreign Currency Translation Adjustment ValuationAllowanceForeignCurrencyTranslationAdjustment	0	usd
	mo	Valuation Allowance Deferred Tax Asset Acquisition ValuationAllowanceDeferredTaxAssetAcquisition	-4000000	usd
CY2024Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2165000000	usd
CY2024Q2	mo	Loss Contingency Numberof States That Cap Bondor Require No Bond LossContingencyNumberofStatesThatCapBondorRequireNoBond	47	state
CY2023Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	346000000	usd
CY2022Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	71000000	usd
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	364000000	usd
CY2023Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	171000000	usd
	us-gaap	Loss Contingency Accrual Payments LossContingencyAccrualPayments	263000000	usd
	us-gaap	Loss Contingency Accrual Payments LossContingencyAccrualPayments	91000000	usd
CY2024Q2	us-gaap	Loss Contingency Accrual Payments LossContingencyAccrualPayments	257000000	usd
CY2023Q2	us-gaap	Loss Contingency Accrual Payments LossContingencyAccrualPayments	80000000	usd
CY2024Q2	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	151000000	usd
CY2020Q4	mo	Loss Contingency Number Of Complaints LossContingencyNumberOfComplaints	3	complaint
CY2022Q1	us-gaap	Litigation Settlement Amount Awarded To Other Party LitigationSettlementAmountAwardedToOtherParty	90000000	usd
CY2021	us-gaap	Loss Contingency Accrual Provision LossContingencyAccrualProvision	90000000	usd
CY2022Q1	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	90000000	usd
CY2024Q2	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	19000000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
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CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

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exhibit322q22024-quarter.htm	Edgar Link	pending
exhibit991q22024-quarter.htm	Edgar Link	pending
exhibit992q22024-quarter.htm	Edgar Link	pending
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$MO
ALTRIA GROUP, INC. Stock $mo

2024 Q3 Form 10-Q Financial Statement

#000076418024000093 Filed on July 31, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MO ALTRIA GROUP, INC. Stock $mo

2024 Q3 Form 10-Q Financial Statement

#000076418024000093 Filed on July 31, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MO
ALTRIA GROUP, INC. Stock $mo