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Altria - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Altria Group (ISIN: US02209S1033, WKN: 200417) Kursdatum: 21.07.2017 Kurs: 73,420 USD
Beschreibung Daten
Symbol MO
Marktkapitalisierung 142.655.062.016,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Konsumgüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 1997-04-11 - 3:1 |
Internet
Letztes Bilanz Update 27.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
39,60 37,63 3,20% 30,80 27,80 10,09 5,54 11,17

Firmenbeschreibung

Quarterly Financial Data (Unaudited) 2015 Quarters (in millions, except per share data)1st 2nd 3rd 4thNet revenues$5,804 $6,613 $6,699 $6,318Gross profit$2,475 $2,871 $3,046 $2,722Net earnings$1,018 $1,449 $1,528 $1,248Net earnings attributable to Altria Group, Inc.$1,018 $1,448 $1,528 $1,247Per share data:   Basic and diluted EPS attributable to Altria Group, Inc.$0.52 $0.74 $0.78 $0.64         2014 Quarters (in millions, except per share data)1st 2nd 3rd 4thNet revenues$5,517 $6,256 $6,491 $6,258Gross profit$2,256 $2,603 $2,674 $2,627Net earnings$1,175 $1,262 $1,397 $1,236Net earnings attributable to Altria Group, Inc.$1,175 $1,262 $1,397 $1,236Per share data:   Basic and diluted EPS attributable to Altria Group, Inc.$0.59 $0.64 $0.71 $0.63During 2015 and 2014, the following pre-tax charges or (gains) were included in net earnings attributable to Altria Group, Inc.: 2015 Quarters (in millions)1st 2nd 3rd 4thNPM Adjustment Items$—

Firmenstrategie

RevenueRecognitionPolicyTextBlock

Revenue Recognition: Altria Group, Inc.’s businesses recognize revenues, net of sales incentives and sales returns, and including shipping and handling charges billed to customers, upon shipment of goods when title and risk of loss pass to customers. Payments received in advance of revenue recognition are deferred and recorded in other accrued liabilities until revenue is recognized. Altria Group, Inc.’s businesses also include excise taxes billed to customers in net revenues. Shipping and handling costs are classified as part of cost of sales.

SegmentReportingDisclosureTextBlock

Segment Reporting

The products of Altria Group, Inc.’s subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; smokeless tobacco products, substantially all of which are manufactured and sold by USSTC; and wine produced and/or distributed by Ste. Michelle. The products and services of these subsidiaries constitute Altria Group, Inc.’s reportable segments of smokeable products, smokeless products and wine. The financial services and the innovative tobacco products businesses are included in all other.

Altria Group, Inc.’s chief operating decision maker reviews operating companies income to evaluate the performance of, and allocate resources to, the segments. Operating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses. Interest and other debt expense, net, and provision for income taxes are centrally managed at the corporate level and, accordingly, such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by Altria Group, Inc.’s chief operating decision maker. Information about total assets by segment is not disclosed because such information is not reported to or used by Altria Group, Inc.’s chief operating decision maker. Segment goodwill and other intangible assets, net, are disclosed in Note 4. Goodwill and Other Intangible Assets, net. The accounting policies of the segments are the same as those described in Note 2. Summary of Significant Accounting Policies.

Segment data were as follows:

 
For the Years Ended December 31,
(in millions)
2015

 
2014

 
2013

Net revenues:
 
 
 
 
 
Smokeable products
$
22,792

 
$
21,939

 
$
21,868

Smokeless products
1,879

 
1,809

 
1,778

Wine
692

 
643

 
609

All other
71

 
131

 
211

Net revenues
$
25,434

 
$
24,522

 
$
24,466

Earnings before income taxes:
 
 
 
 
 
Operating companies
income (loss):
 
 
 
 
 
Smokeable products
$
7,569

 
$
6,873

 
$
7,063

Smokeless products
1,108

 
1,061

 
1,023

Wine
152

 
134

 
118

All other
(169
)
 
(185
)
 
157

Amortization of intangibles
(21
)
 
(20
)
 
(20
)
General corporate expenses
(237
)
 
(241
)
 
(235
)
Changes to Mondelēz and PMI tax-related receivables/payables
(41
)
 
(2
)
 
(22
)
Operating income
8,361

 
7,620

 
8,084

Interest and other debt expense, net
(817
)
 
(808
)
 
(1,049
)
Loss on early extinguishment of debt
(228
)
 
(44
)
 
(1,084
)
Earnings from equity investment in SABMiller
757

 
1,006

 
991

Other income, net
5

 

 

Earnings before income taxes
$
8,078

 
$
7,774

 
$
6,942


The smokeable products segment included net revenues of $22,193 million, $21,363 million and $21,308 million for the years ended December 31, 2015, 2014 and 2013, respectively, related to cigarettes and net revenues of $599 million, $576 million and $560 million for the years ended December 31, 2015, 2014 and 2013, respectively, related to cigars.

PM USA, USSTC and Middleton’s largest customer, McLane Company, Inc., accounted for approximately 26% of Altria Group, Inc.’s consolidated net revenues for the year ended December 31, 2015 and 27% for each of the years ended December 31, 2014 and 2013. In addition, Core-Mark Holding Company, Inc. accounted for approximately 10% of Altria Group, Inc.’s consolidated net revenues for the year ended December 31, 2015. Substantially all of these net revenues were reported in the smokeable products and smokeless products segments. Sales to three distributors accounted for approximately 66%, 67% and 66% of net revenues for the wine segment for the years ended December 31, 2015, 2014 and 2013, respectively.

Details of Altria Group, Inc.’s depreciation expense and capital expenditures were as follows:

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Earnings per Share

Basic and diluted earnings per share (“EPS”) were calculated using the following:

 
For the Years Ended December 31,
(in millions)
2015

 
2014

 
2013

Depreciation expense:
 
 
 
 
 
 
For the Years Ended December 31,
(in millions)
2015

 
2014

 
2013

Net earnings attributable to Altria Group, Inc.
$
5,241

 
$
5,070

 
$
4,535

Less: Distributed and undistributed earnings attributable to unvested restricted shares and restricted stock units
(10
)
 
(12
)
 
(12
)
Earnings for basic and diluted EPS
$
5,231

 
$
5,058

 
$
4,523

Weighted-average shares for basic and diluted EPS
1,961

 
1,978

 
1,999