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Income Statement
Difficulty: Beginner
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Altria Group Inc., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||||||
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| Marketing, administration and research costs | |
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| Reduction of PMI tax-related receivable | |
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| Asset impairment and exit costs | |
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| Interest related to NPM Adjustment Items | |
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| Interest and other debt expense, net | |
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| Loss on early extinguishment of debt | |
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| Earnings from equity investment in AB InBev/SABMiller | |
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| Gain on AB InBev/SABMiller business combination | |
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| Earnings before income taxes | |
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| (Provision) benefit for income taxes | |
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| Net earnings | |
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| Net earnings attributable to noncontrolling interests | |
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| Net earnings attributable to Altria Group, Inc. | |
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Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-25), 10-K (filing date: 2014-02-26).
| Item | Description | The company |
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| Net revenues | Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. | Altria Group Inc.'s net revenues increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | Altria Group Inc.'s operating income increased from 2015 to 2016 and from 2016 to 2017. |
| Earnings before income taxes | Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. | Altria Group Inc.'s earnings before income taxes increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level. |
| Net earnings attributable to Altria Group, Inc. | The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. | Altria Group Inc.'s net earnings attributable to Altria Group, Inc. increased from 2015 to 2016 but then slightly declined from 2016 to 2017. |
