Stock Analysis on Net
Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

This company has been moved to the archive! The financial data has not been updated since October 31, 2024.

Common-Size Balance Sheet: Assets 

Altria Group Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 9.56 10.91 11.50 10.43 4.30
Receivable from the sale of IQOS System commercialization rights 0.00 4.66 0.00 0.00 0.00
Receivables 0.18 0.13 0.12 0.29 0.31
Inventories 3.15 3.19 3.02 4.15 4.65
Income taxes 1.29 0.28 0.00 0.00 0.00
Other current assets 0.30 0.37 0.75 0.15 0.53
Current assets 14.48% 19.54% 15.39% 15.01% 9.79%
Property, plant and equipment, net 4.28 4.35 3.93 4.24 4.06
Goodwill 17.61 14.01 13.10 10.92 10.51
Other intangible assets, net 35.48 33.51 31.14 26.61 25.75
Investments in equity securities 25.96 25.98 34.11 41.19 47.86
Other assets 2.19 2.61 2.34 2.03 2.04
Non-current assets 85.52% 80.46% 84.61% 84.99% 90.21%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets demonstrated an increasing trend from 4.3% in 2019 to a peak of 11.5% in 2021, followed by a slight decline to 9.56% by 2023. This indicates a significant accumulation of liquid assets through 2021, with a modest reduction thereafter.
Receivable from the Sale of IQOS System Commercialization Rights
This item appears only in 2022, accounting for 4.66% of total assets, suggesting a one-off or unique financial event related to the IQOS system during that year.
Receivables
Receivables maintained a relatively stable and low percentage of total assets, ranging narrowly between 0.12% and 0.31% across the years, suggesting consistent management of credit sales or collections.
Inventories
Inventories as a share of total assets showed a declining pattern from 4.65% in 2019 to about 3.15% in 2023, reflecting either improved inventory turnover or a strategic reduction in stock levels over time.
Income Taxes
Income taxes as a proportion of total assets appeared solely in 2022 and 2023, with an increase from 0.28% to 1.29%, indicating rising tax liabilities or accruals during these years.
Other Current Assets
Other current assets fluctuated, showing a decline from 0.53% in 2019 to 0.15% in 2020, then a recovery to 0.75% in 2021, followed by a gradual decrease to 0.3% in 2023. This inconsistency may reflect volatility in miscellaneous short-term asset categories.
Current Assets
The proportion of current assets to total assets climbed from 9.79% in 2019 to a high of 19.54% in 2022 before retracting to 14.48% in 2023, indicating increased short-term asset holdings with some normalization in the latest year.
Property, Plant and Equipment (net)
This asset category remained relatively stable, fluctuating narrowly between 3.93% and 4.35% of total assets, pointing to steady investment or maintenance in fixed assets.
Goodwill
Goodwill showed a steadily increasing trend from 10.51% in 2019 to 17.61% in 2023, signifying growth in acquired intangible assets or accounting for business combinations over this period.
Other Intangible Assets (net)
Other intangible assets exhibited a consistent upward trajectory from 25.75% in 2019 to 35.48% in 2023, highlighting increased capitalization or acquisition of intangible resources.
Investments in Equity Securities
This category displayed a notable decline from 47.86% in 2019 to 25.96% in 2023, representing a strategic shift away from equity securities or realizations of such investments.
Other Assets
Other assets remained relatively stable, with minor fluctuations around 2%, indicating consistent residual asset categories.
Non-current Assets
Non-current assets as a percentage of total assets trended downward from 90.21% in 2019 to a low of 80.46% in 2022, then rebounded somewhat to 85.52% in 2023, reflecting shifts in long-term asset composition and possibly influenced by changes in current asset holdings.
Total Assets
Total assets consistently represent 100% as expected, serving as the base for all percentage calculations.