Stock Analysis on Net
Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

Common-Size Income Statement
Quarterly Data

Altria Group Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -24.54 -25.80 -25.77 -25.52 -25.12 -25.83 -25.07 -25.74 -26.18 -26.10 -24.54 -28.31 -27.38 -27.13 -26.64 -30.28 -27.53 -27.88 -34.17 -28.60 -27.93 -28.31 -28.04
Excise taxes on products -14.62 -15.01 -15.41 -15.92 -15.98 -16.44 -16.72 -16.82 -17.37 -17.87 -18.21 -18.69 -18.49 -19.06 -19.15 -19.81 -20.29 -20.50 -20.65 -20.06 -21.06 -21.54 -22.01
Gross profit 60.84% 59.19% 58.82% 58.56% 58.89% 57.73% 58.21% 57.44% 56.44% 56.03% 57.25% 53.00% 54.13% 53.81% 54.21% 49.90% 52.18% 51.63% 45.18% 51.34% 51.01% 50.14% 49.95%
Marketing, administration and research costs -10.48 -12.69 -10.87 -11.77 -9.71 -13.09 -10.00 -11.32 -8.93 -8.57 -8.30 -9.30 -10.64 -7.87 -9.64 -9.03 -7.82 -7.71 -8.44 -9.52 -8.05 -8.60 -9.47
Asset impairment 0.00 -5.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.00 -1.42 -0.01 -0.50 -0.71
Operating income 50.36% 40.80% 47.96% 46.79% 49.18% 44.64% 48.21% 46.11% 47.51% 47.46% 48.95% 43.69% 43.49% 45.93% 44.57% 40.94% 44.36% 43.91% 36.74% 40.40% 42.94% 41.05% 39.77%
Interest and other debt expense, net -4.27 -4.20 -4.56 -3.87 -4.33 -3.95 -4.00 -3.70 -4.14 -4.28 -4.77 -4.68 -3.92 -4.25 -5.10 -5.01 -4.35 -4.84 -4.32 -4.84 -4.27 -4.71 -6.82
Loss on early extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -10.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net periodic benefit income, excluding service cost 0.40 0.40 0.43 0.54 0.53 0.48 0.54 0.77 0.67 0.72 0.78 0.80 0.93 0.66 0.71 0.30 0.04 0.44 0.42 -0.05 0.35 0.23 0.02
Income (losses) from investments in equity securities 1.85 1.92 5.29 2.31 0.92 1.95 -1.40 1.08 -37.83 -19.30 0.58 -3.04 -87.16 1.08 0.84 3.09 -6.63 0.14 2.47 14.30 4.86 6.75 1.53
Gain on the sale of IQOS System commercialization rights 0.00 43.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Impairment of JUUL equity securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -36.50 0.00 0.00 -68.25 -65.64 0.00 0.00
Gain (loss) on Cronos-related financial instruments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 0.00 -0.06 -0.17 -0.32 -1.99 -1.49 1.82 0.98 -1.47 0.63 -2.15 -1.91 -9.28 -4.02 -7.55
Earnings (losses) before income taxes 48.35% 82.40% 49.12% 45.77% 46.30% 43.12% 43.35% 44.25% 6.21% 24.53% 45.37% 36.45% -48.66% 41.94% 32.09% 40.31% -4.55% 40.29% 33.15% -20.36% -31.04% 39.30% 26.94%
(Provision) benefit for income taxes -11.71 -21.15 -10.94 -11.30 -11.81 -10.59 -12.10 -0.23 -2.79 -10.91 -12.12 -10.49 8.58 -10.94 -8.55 -9.82 -8.87 -9.85 -8.77 -9.84 -6.91 -9.13 -7.02
Net earnings (losses) 36.64% 61.25% 38.18% 34.48% 34.48% 32.53% 31.25% 44.02% 3.42% 13.62% 33.25% 25.96% -40.08% 31.00% 23.54% 30.49% -13.42% 30.44% 24.37% -30.20% -37.95% 30.17% 19.92%
Net (earnings) losses attributable to noncontrolling interests 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.03 -0.01 0.05 0.03 0.06 0.08 0.03 0.08 0.03 -0.02 -0.02
Net earnings (losses) attributable to Altria 36.64% 61.25% 38.18% 34.48% 34.48% 32.53% 31.25% 44.02% 3.42% 13.62% 33.25% 25.96% -40.11% 30.98% 23.59% 30.52% -13.37% 30.52% 24.41% -30.11% -37.92% 30.16% 19.90%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Altria Group Inc. operating income as a percentage of net revenues decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Earnings (losses) 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. earnings (losses) before income taxes as a percentage of net revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net earnings (losses) attributable to Altria The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Altria Group Inc. net earnings (losses) attributable to Altria as a percentage of net revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.