Company Quick10K Filing
Altria Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 1,872 $89,744
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-07-30 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-10-25 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-10-26 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-05-02 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-10-27 Quarter: 2016-09-30
10-Q 2016-07-27 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-K 2016-02-25 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-29 Quarter: 2015-06-30
10-Q 2015-04-23 Quarter: 2015-03-31
10-K 2015-02-25 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-22 Quarter: 2014-06-30
10-Q 2014-04-24 Quarter: 2014-03-31
10-K 2014-02-26 Annual: 2013-12-31
10-Q 2013-10-24 Quarter: 2013-09-30
10-Q 2013-07-24 Quarter: 2013-06-30
10-Q 2013-04-25 Quarter: 2013-03-31
10-K 2013-02-27 Annual: 2012-12-31
10-Q 2012-10-30 Quarter: 2012-09-30
10-Q 2012-07-26 Quarter: 2012-06-30
10-Q 2012-04-26 Quarter: 2012-03-31
10-K 2012-02-16 Annual: 2011-12-31
10-Q 2011-10-27 Quarter: 2011-09-30
10-Q 2011-07-28 Quarter: 2011-06-30
10-Q 2011-04-28 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-07-29 Quarter: 2010-06-30
10-Q 2010-04-28 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-09-24 Officers, Regulation FD, Exhibits
8-K 2019-08-27 Regulation FD, Exhibits
8-K 2019-07-29 Earnings, Other Events, Exhibits
8-K 2019-05-16 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-08 Other Events, Exhibits
8-K 2019-03-08 Regulation FD, Exhibits
8-K 2019-02-20 Regulation FD, Exhibits
8-K 2019-02-12 Other Events, Exhibits
8-K 2019-02-11 Other Events, Exhibits
8-K 2019-01-31 Other Events, Exhibits
8-K 2019-01-31 Earnings, Exhibits
8-K 2019-01-25 Enter Agreement, Officers, Exhibits
8-K 2019-01-04 Officers
8-K 2018-12-19 Enter Agreement, Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2018-12-07 Regulation FD, Exhibits
8-K 2018-12-07 Other Events, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-09-05 Regulation FD, Exhibits
8-K 2018-08-01 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-05-16 Officers, Shareholder Vote, Regulation FD, Other Events, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-02-20 Officers, Regulation FD, Exhibits
8-K 2018-01-31 Officers, Other Events, Exhibits
8-K 2018-01-30 Earnings, Officers, Amend Bylaw, Other Events, Exhibits

Altria Group Financials

MO Metrics, Comps, Filings

Annual | Quarterly

Business

▪General: Altria Group, Inc. ("Altria") is a holding company incorporated in the Commonwealth of Virginia in 1985. At December 31, 2018, Altria's wholly-owned subsidiaries included Philip Morris USA Inc. ("PM USA"), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. ("Middleton"), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco and is a wholly-owned subsidiary of PM USA; Sherman Group Holdings, LLC and its subsidiaries ("Nat Sherman"), which are engaged in the manufacture and sale of super premium cigarettes and the sale of premium cigars; and UST LLC ("UST"), which through its wholly-owned subsidiaries, including U.S. Smokeless Tobacco Company LLC ("USSTC") and Ste. Michelle Wine Estates Ltd. ("Ste. Michelle"), is engaged in the manufacture and sale of smokeless tobacco products and wine. Altria's other operating companies included Philip Morris Capital Corporation ("PMCC"), which maintains a portfolio of finance assets, substantially all of which are leveraged leases, and Nu Mark LLC ("Nu Mark"), both of which are wholly-owned subsidiaries. In December 2018, Altria announced the decision to refocus its innovative product efforts, which included Nu Mark's discontinuation of production and distribution of all e-vapor products. Prior to that time, Nu Mark was engaged in the manufacture and sale of innovative tobacco products. Other Altria wholly-owned subsidiaries included Altria Group Distribution Company, which provides sales and distribution services to certain Altria operating subsidiaries, and Altria Client Services LLC ("ALCS"), which provides various support services in areas such as legal, regulatory, consumer engagement, finance, human resources and external affairs to Altria and its subsidiaries.

At September 30, 2016, Altria had an approximate 27% ownership of SABMiller plc ("SABMiller"), which Altria accounted for under the equity method of accounting. In October 2016, Anheuser-Busch InBev SA/NV ("Legacy AB InBev") completed its business combination with SABMiller, and Altria received cash and shares representing a 9.6% ownership in the combined company (the "AB InBev Transaction"). The newly formed Belgian company, which retained the name Anheuser-Busch InBev SA/NV ("AB InBev"), became the holding company for the combined businesses. Subsequently, Altria purchased approximately 12 million ordinary shares of AB InBev, increasing Altria's ownership to approximately 10.2% at

December 31, 2016. At December 31, 2018, Altria had an approximate 10.1% ownership of AB InBev, which Altria accounts for under the equity method of accounting using a one-quarter lag. As a result of the one-quarter lag and the timing of the completion of the AB InBev Transaction, no earnings from Altria's equity investment in AB InBev were recorded for the year ended December 31, 2016. For further discussion, see Note 7. Investment in AB InBev/SABMiller to the consolidated financial statements in Item 8 ("Note 7").


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Philip Morris (PM) 121,103 29% 12.9 20% 39,923 49,332 65,630 18,924 8,151 11,401 146,710
Altria Group (MO) 89,744 49% 13.5 11% 57,501 42,997 25,198 12,307 6,313 8,664 117,148
British American Tobacco (BTI) 77,131 0% 146,342 0 0 0 0 75,062
Siteone Landscape Supply (SITE) 2,894 33% 20.5 4% 1,531 1,184 2,223 728 68 171 3,509
Cal-Maine Foods (CALM) 2,155 11% 43.6 -0% 1,097 153 1,262 145 -4 48 2,108
BrightView (BV) 1,924 36% 14.0 0% 2,916 1,661 1,780 632 8 220 3,090
Calavo Growers (CVGW) 1,651 11% 29.5 7% 413 114 1,184 126 30 56 1,652
Universal (UVV) 1,509 18% 10.1 5% 2,178 826 2,134 388 101 170 1,711
Vector Group (VGR) 1,357 31% 7.7 6% 1,455 2,062 1,919 600 90 320 2,476
Fresh Del Monte Produce (FDP) 1,326 6% 7.5 1% 3,419 1,596 4,509 285 23 174 1,310
Andersons (ANDE) 904 7% 10.6 1% 3,572 2,551 5,800 418 38 180 1,900
Adecoagro (AGRO) 790 0% 2,277 1,169 0 0 0 0 593
Limoneira (LMNR) 338 0% 75.2 -1% 416 177 150 0 -5 6 449
SunOpta (STKL) 280 9% 28.7 -6% 972 743 1,227 111 -55 18 507
22nd Century (XXII) 254 2% -22.2 -18% 71 8 26 0 -13 -11 254
Alico (ALCO) 223 41% 8.9 6% 400 216 122 51 22 43 379
S&W Seed (SANW) 86 65% -28.7 -6% 146 46 63 41 -9 -3 95
Origin Agritech (SEED) 17 0% 430 453 0 0 0 0 93
Shineco (TYHT) 16 29% -8.1 1% 84 11 31 9 1 2 -20
Village Farms International (VFF)

Balance Sheet ($MM)2009-12-312010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1,871003,1753,3212,3694,569611,433
Accounts Receivable
Inventory1,8109438231,8792,0402,0312,0512,2252,331
PP&E2,6849741,2754,8171,9831,9821,9581,9141,938
Assets36,677-20,4447,63834,85934,47532,53545,93243,20255,638
Accounts Payable4940159409416400425374399
Long-Term Debt012,19413,68914,51714,69312,96513,88113,89413,153
Liabilities32,573-12,5587,15030,70631,43029,62533,12127,78440,810
Stockholders' Equity4,069-7,8864884,1193,0142,88012,77015,37714,787
Income Statement ($MM)2009-12-312010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue23,556-2621,33024,46624,52225,43425,74425,57625,364
Cost of Revenue14,722-1,76013,72914,00914,36214,32014,15313,6257,373
Gross Profit8,8341,7347,60110,45710,16011,11411,59111,95112,254
R&D144128153167186203241252
SG&A
Tax1,669-169262,4482,7653,0294,664-3992,374
Net Income3,208-3,8593,3104,5355,0705,24314,24410,2276,967
Cash Flow ($MM)2009-12-312010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating3,4432,7673,5624,3754,6635,8103,7914,9228,391
Cash Investing-9,764259-25602177-153,708-467-12,988
Cash Financing276-2,583-3,537-4,702-4,694-6,747-5,299-7,7714,716