Stock Analysis on Net
Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Altria Group Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 4,123  4,826  5,616  2,117  1,604  1,796  3,352  1,333  2,393  1,430  2,191  1,253  2,582  2,255  5,228  4,569  2,298  819  3,815  2,369  1,907  1,123  3,674 
Receivables 151  140  147  152  165  163  158  142  187  144  133  142  148  119  135  151  146  122  104  124  137  142  172 
Leaf tobacco 754  768  895  874  820  837  930  940  794  810  920  941  784  769  887  892  844  836  994  957  863  865  1,019 
Other raw materials 206  194  193  192  201  194  190  186  188  191  184  170  180  178  171  164  174  180  178  181  187  201  200 
Work in process 450  433  467  696  598  603  651  647  506  501  547  560  432  434  492  512  410  391  436  444  393  367  410 
Finished product 452  519  451  531  569  601  585  558  589  621  606  554  591  618  572  483  552  563  500  449  511  481  456 
Inventories 1,862  1,914  2,006  2,293  2,188  2,235  2,356  2,331  2,077  2,123  2,257  2,225  1,987  1,999  2,122  2,051  1,980  1,970  2,108  2,031  1,954  1,914  2,085 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,188  1,188  1,175  1,175  1,143  1,143  1,143 
Other current assets 263  124  166  262  334  289  396  493  508  434  243  724  439  238  141  489  791  501  296  387  370  311  159 
Current assets 6,399  7,004  7,935  4,824  4,291  4,483  6,262  4,299  5,165  4,131  4,824  4,344  5,156  4,611  7,626  7,260  6,403  4,600  7,498  6,086  5,511  4,633  7,233 
Property, plant and equipment, at cost 5,173  5,137  5,103  5,074  5,009  4,933  4,917  4,950  4,861  4,818  4,879  4,879  4,846  4,852  4,856  4,835  4,820  4,866  4,849  4,877  4,866  4,805  4,784 
Accumulated depreciation (3,164) (3,135) (3,106) (3,075) (3,047) (3,016) (2,995) (3,012) (2,970) (2,940) (2,988) (2,965) (2,939) (2,952) (2,933) (2,877) (2,851) (2,904) (2,894) (2,895) (2,850) (2,814) (2,812)
Property, plant and equipment, net 2,009  2,002  1,997  1,999  1,962  1,917  1,922  1,938  1,891  1,878  1,891  1,914  1,907  1,900  1,923  1,958  1,969  1,962  1,955  1,982  2,016  1,991  1,972 
Goodwill 5,177  5,177  5,177  5,177  5,262  5,196  5,196  5,196  5,307  5,307  5,307  5,307  5,307  5,307  5,307  5,285  5,285  5,285  5,285  5,285  5,285  5,285  5,285 
Other intangible assets, net 12,633  12,650  12,668  12,687  12,688  12,331  12,327  12,279  12,385  12,405  12,400  12,400  12,196  12,196  12,201  12,036  12,042  12,047  12,023  12,028  12,033  12,039  12,044 
Investments in equity securities 19,408  22,319  23,861  23,581  27,346  32,094  32,015  30,496  17,825  18,178  18,199  17,952  18,213  18,219  17,579  17,852  5,826  5,877  5,743  5,483  5,442  6,117  5,850 
Other assets 1,025  1,048  980  1,003  1,364  1,480  1,511  1,430  1,380  1,278  1,278  1,285  1,381  1,493  1,539  1,541  1,409  1,553  1,559  1,671  1,712  1,804  1,828 
Non-current assets 40,252  43,196  44,683  44,447  48,622  53,018  52,971  51,339  38,788  39,046  39,075  38,858  39,004  39,115  38,549  38,672  26,531  26,724  26,565  26,449  26,488  27,236  26,979 
Total assets 46,651  50,200  52,618  49,271  52,913  57,501  59,233  55,638  43,953  43,177  43,899  43,202  44,160  43,726  46,175  45,932  32,934  31,324  34,063  32,535  31,999  31,869  34,212 

Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-25), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-23).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Altria Group Inc.’s current assets decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Altria Group Inc.’s property, plant and equipment, net increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Altria Group Inc.’s non-current assets decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Altria Group Inc.’s total assets decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Altria Group Inc.’s cash and cash equivalents decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Receivables The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Altria Group Inc.’s receivables decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Altria Group Inc.’s inventories decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.