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Altria Group Inc. (MO)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Altria Group Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended 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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Net earnings (losses) (2,602) 1,997  1,121  1,251  1,944  1,877  1,895  4,968  1,867  1,990  1,402  10,278  1,094  1,654  1,218  1,248  1,528  1,449  1,018  1,236  1,397  1,262  1,175 
Depreciation and amortization 57  53  53  59  64  51  53  54  51  52  52  55  51  49  49  75  50  51  49  59  49  50  50 
Deferred income tax provision (benefit) (209) 20  (72) (272) 151  10  54  (2,903) (253) 53  (23) 3,188  (84) 47  (32) (131) (29) 68  (40) (93) (15) (8) (13)
Earnings from equity investments (333) (447) (86) (131) (189) (228) (342) (200) (169) (140) (23) (231) (299) (199) (66) (211) (187) (225) (134) (253) (328) (200) (225)
Dividends from ABI —  221  —  180  —  477  —  372  —  434  —  336  403  —  —  121  374  —  —  112  344  —  — 
(Gain) loss on ABI/SABMiller business combination —  —  —  —  —  —  33  —  (37) (408) —  (13,660) (48) (157) —  (5) —  —  —  —  —  —  — 
Loss on Cronos-related financial instruments 636  266  425  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Impairment of JUUL equity securities 4,500  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Asset impairment and exit costs, net of cash paid (32) (18) 17  378  (8) (9) (7) (8) (5) (9) (16) 35  (20) (27) 118  (1) —  3  (1) —  —  —  — 
Loss on early extinguishment of debt —  —  —  —  —  —  —  —  —  —  —  —  823  —  —  —  —  —  228  44  —  —  — 
Receivables —  (5) (16) 45  (43) (11) 9  6  (29) 15  18  (6) (24) (17) 20  (6) (10) (6) 25  (18) (2) 10  2 
Inventories 51  121  (25) (276) 42  135  (30) (238) 12  123  (68) (88) (18) 151  (79) (92) (46) 167  (62) (164) (58) 129  (91)
Accounts payable 18  14  (189) 106  79  6  (164) 99  79  (44) (189) 126  101  (16) (217) 95  52  12  (166) 59  57  (12) (109)
Income taxes 80  (377) 471  (90) 83  (296) 521  (635) (38) (340) 719  (109) (69) (698) 645  (6) 147  (694) 541  (16) 22  (606) 601 
Accrued liabilities and other current assets (439) 593  (513) 298  (440) 388  (267) 440  (462) 226  (289) 144  (124) (18) (115) 162  (52) 191  (117) 213  (332) 246  (234)
Accrued settlement charges 1,075  (2,348) 913  223  1,126  (1,387) 1,018  (941) 1,160  (2,567) 1,089  272  1,165  (2,496) 1,170  374  1,010  (2,345) 1,051  361  1,095  (2,266) 919 
Cash effects of changes in operating capital 785  (2,002) 641  306  847  (1,165) 1,087  (1,269) 722  (2,587) 1,280  339  1,031  (3,094) 1,424  527  1,101  (2,675) 1,272  435  782  (2,499) 1,088 
Pension plan contributions (37) (11) (3) (22) (8) (4) (7) (276) (8) (2) (8) (11) (514) (3) (3) (5) (14) (5) (4) (3) (4) (4) (4)
Pension provisions and postretirement, net (24) (10) (8) 6  (17) (2) —  59  (34) (21) (15) (17) (13) (25) (18) 36  23  30  25  4  2  4  11 
Other, net 141  34  201  70  (68) 34  43  (40) 83  (79) 16  (21) 18  124  (1) 66  (3) 53  85  62  74  29  43 
Adjustments to reconcile net earnings (losses) to operating cash flows 5,484  (1,894) 1,168  574  772  (836) 914  (4,211) 350  (2,707) 1,263  (9,987) 1,348  (3,285) 1,471  472  1,315  (2,700) 1,480  367  904  (2,628) 950 
Net cash provided by operating activities 2,882  103  2,289  1,825  2,716  1,041  2,809  757  2,217  (717) 2,665  291  2,442  (1,631) 2,689  1,720  2,843  (1,251) 2,498  1,603  2,301  (1,366) 2,125 
Capital expenditures (81) (41) (38) (106) (60) (38) (34) (48) (60) (58) (33) (61) (51) (51) (26) (67) (63) (51) (48) (47) (56) (33) (27)
Investment in Cronos (31) (1) (1,831) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Acquisitions of businesses and assets (421) —  —  —  (15) —  —  (415) —  —  —  —  —  —  —  —  —  —  —  (9) —  (93) — 
Investment in JUUL —  —  —  (12,800) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Proceeds from finance assets —  —  —  37  —  —  —  —  88  43  2  24  151  —  56  99  70  38  147  179  1  91  98 
Proceeds from ABI/SABMiller business combination —  —  —  —  —  —  —  —  —  —  —  4,773  —  —  —  —  —  —  —  —  —  —  — 
Purchase of ABI ordinary shares —  —  —  —  —  —  —  —  —  —  —  (1,578) —  —  —  —  —  —  —  —  —  —  — 
Proceeds from derivative financial instruments —  —  —  35  —  —  —  —  —  —  —  510  —  —  —  —  —  —  —  —  —  —  — 
Other, net 97  16  (81) (17) 19  (2) (7) 198  16  (1) (199) 5  (2) (46) 4  (142) 1  1  —  (6) 13  61  5 
Net cash (used in) provided by investing activities (436) (26) (1,950) (12,851) (56) (40) (41) (265) 44  (16) (230) 3,673  98  (97) 34  (110) 8  (12) 99  117  (42) 26  76 
Proceeds from short-term borrowings —  —  —  12,800  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Repayment of short-term borrowings —  —  (12,800) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt issued —  —  16,265  —  —  —  —  —  —  —  —  —  1,976  —  —  —  —  —  —  999  —  —  — 
Long-term debt repaid (1,144) —  —  (864) —  —  —  —  —  —  —  —  (933) —  —  —  (1,000) —  (793) (300) —  —  (525)
Repurchases of common stock —  (195) (151) (356) (367) (437) (513) (558) (759) (1,049) (551) (518) (171) (173) (168) (36) (63) (263) (192) (260) (275) (132) (272)
Dividends paid on common stock (1,497) (1,499) (1,502) (1,506) (1,324) (1,328) (1,257) (1,263) (1,175) (1,182) (1,187) (1,191) (1,106) (1,107) (1,108) (1,108) (1,021) (1,024) (1,026) (1,028) (952) (955) (957)
Premiums and fees related to early extinguishment of debt —  —  —  —  —  —  —  —  —  —  —  —  (809) —  —  —  —  —  (226) (44) —  —  — 
Other 4  (2) (129) (107) —  (2) (23) —  —  (9) (38) 16  (18) 12  (1) (4) 17  (1) (7) (7) 16  —  (2)
Net cash provided by (used in) financing activities (2,637) (1,696) 1,683  9,967  (1,691) (1,767) (1,793) (1,821) (1,934) (2,240) (1,776) (1,693) (1,061) (1,268) (1,277) (1,148) (2,067) (1,288) (2,244) (640) (1,211) (1,087) (1,756)
Cash, cash equivalents and restricted cash, increase (decrease) (191) (1,619) 2,022  (1,059) 969  (766) 975  (1,329) 327  (2,973) 659  2,271  1,479  (2,996) 1,446  462  784  (2,551) 353  1,080  1,048  (2,427) 445 

Based on: 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), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-30), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-24).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Altria Group Inc.’s net cash provided by operating activities decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Altria Group Inc.’s net cash (used in) provided by investing activities increased from Q1 2019 to Q2 2019 but then slightly decreased from Q2 2019 to Q3 2019.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Altria Group Inc.’s net cash provided by (used in) financing activities decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.