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Altria Group Inc. (MO)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

    • The statement of financial position 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 Statement of Financial Position, Assets (quarterly data)

    USD $ in millions

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    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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Cash and cash equivalents 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  3,321  2,241  1,193  3,620  3,175  4,211  2,571  3,775 
    Receivables 133  142  148  119  135  151  146  122  104  124  137  142  172  124  106  105  113  115  92  114  112 
    Leaf tobacco 920  941  784  769  887  892  844  836  994  957  863  865  1,019  991  838  842  976  933  798  759  864 
    Other raw materials 184  170  180  178  171  164  174  180  178  181  187  201  200  200  190  187  188  180  177  182  174 
    Work in process 547  560  432  434  492  512  410  391  436  444  393  367  410  429  347  335  379  394  307  311  339 
    Finished product 606  554  591  618  572  483  552  563  500  449  511  481  456  420  515  486  427  372  436  449  439 
    Inventories 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  2,040  1,890  1,850  1,970  1,879  1,718  1,701  1,816 
    Income taxes – 461  – – – – – – – – – – – – – – – – – – –
    Deferred income taxes – – – – – – 1,188  1,188  1,175  1,175  1,143  1,143  1,143  1,143  1,095  1,101  1,100  1,100  1,218  1,217  1,216 
    Other current assets 243  263  439  238  141  489  791  501  296  387  370  311  159  250  330  226  174  321  310  257  197 
    Current assets 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  6,878  5,662  4,475  6,977  6,590  7,549  5,860  7,116 
    Property, plant and equipment, at cost 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  4,755  4,851  4,816  4,828  4,817  4,787  4,776  4,763 
    Accumulated depreciation (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) (2,772) (2,853) (2,819) (2,825) (2,789) (2,746) (2,736) (2,695)
    Property, plant and equipment, net 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  1,983  1,998  1,997  2,003  2,028  2,041  2,040  2,068 
    Goodwill 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  5,285  5,285  5,285  5,174  5,174  5,174  5,174  5,174 
    Other intangible assets, net 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  12,049  12,054  12,059  12,053  12,058  12,063  12,068  12,073 
    Investment in AB InBev 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  6,183  6,640  7,033  6,734  6,455  6,520  6,502  6,749 
    Finance assets, net 854  899  901  988  1,019  1,028  1,046  1,155  1,165  1,239  1,295  1,339  1,360  1,614  1,773  1,783  1,874  1,997  2,153  2,345  2,385 
    Other assets 424  386  480  505  520  513  363  398  394  432  417  465  468  483  670  650  591  557  450  451  441 
    Non-current assets 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  27,597  28,420  28,807  28,429  28,269  28,401  28,580  28,890 
    Total assets 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  34,475  34,082  33,282  35,406  34,859  35,950  34,440  36,006 
    Source: Altria Group Inc., Quarterly and Annual Reports
    Item Description The company
    Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Altria Group Inc.'s cash and cash equivalents declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
    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 declined from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
    Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Altria Group Inc.'s inventories increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
    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 declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
    Property, plant and equipment, net Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Altria Group Inc.'s property, plant and equipment, net increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.
    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 declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
    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 declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.