Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

$24.99

Income Statement

The income statement presents information on the financial results of a company 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.

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Altria Group Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net revenues
Cost of sales
Excise taxes on products
Gross profit
Marketing, administration and research costs
Asset impairment and exit costs
Operating income
Interest expense
Interest income
Interest and other debt expense, net
Loss on early extinguishment of debt
Net periodic benefit income, excluding service cost
Income (losses) from investments in equity securities
Impairment of JUUL equity securities
Loss on Cronos-related financial instruments
Earnings before income taxes
(Provision) benefit for income taxes
Net earnings (losses)
Net losses attributable to noncontrolling interests
Net earnings (losses) attributable to Altria

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
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. net revenues decreased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Altria Group Inc. operating income increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
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. earnings before income taxes increased from 2021 to 2022 and from 2022 to 2023.
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 increased from 2021 to 2022 and from 2022 to 2023.