Altria Group (MO) FY2012 results: revenue $24.6 billion, up 3.4% on the year
Altria Group, Inc. (MO) reported revenue of $24.6 billion for fiscal 2012, the year ended 31 December 2012, up 3.4% on the year before. Net income was $4.2 billion, up 23.3%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$24.6 billion
+3.4% on the year
FY2007FY2012
Operating margin
29.5%
25.5% a year earlier
FY2007FY2012
Net income
$4.2 billion
+23.3% on the year
FY2007FY2012
Diluted EPS
$2.06
+25.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
24,618
23,800
24,363
+3.4%
Cost of revenue
7,937
7,680
7,704
+3.3%
Gross profit
9,563
8,939
9,188
+7.0%
Gross margin
38.8%
37.6%
37.7%
Research and development
136
128
144
+6.2%
Operating income
7,253
6,068
6,228
+19.5%
Operating margin
29.5%
25.5%
25.6%
Interest expense
1,128
1,220
1,136
-7.5%
Pre-tax income
6,477
5,582
5,723
+16.0%
Income tax
2,294
2,189
1,816
+4.8%
Effective tax rate
35.4%
39.2%
31.7%
Net income
4,180
3,390
3,905
+23.3%
Net margin
17.0%
14.2%
16.0%
Diluted EPS
$2.06
$1.64
$1.87
+25.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,903
3,613
2,767
+8.0%
Capital expenditure
124
105
168
+18.1%
Free cash flow
3,779
3,508
2,599
+7.7%
Free cash flow margin
15.4%
14.7%
10.7%
Cash from investing
920
387
259
+137.7%
Cash from financing
-5,193
-3,044
-2,583
Depreciation and amortisation
225
253
276
-11.1%
Buybacks
1,082
1,327
0.0
-18.5%
Dividends paid
3,400
3,222
2,958
+5.5%
Dividend per share
$1.70
$1.58
$1.46
+7.6%
Diluted shares, weighted
2,024m
2,064m
2,079m
-1.9%
Shares outstanding at period end
2,010m
2,044m
2,089m
-1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,168
3,680
5,192
-13.9%
Non-controlling interest
2.0
3.0
3.0
-33.3%
Redeemable equity
34.0
n/a
n/a
Short-term borrowings
0.0
0.0
0.0
Debt
13,878
13,689
12,194
+1.4%
Other liabilities
18,247
19,379
20,013
-5.8%
Total liabilities and equity
35,329
36,751
37,402
-3.9%
Fixed assets
2,102
2,216
2,380
-5.1%
Goodwill
5,174
5,174
5,174
0.0%
Intangible assets
12,078
12,098
12,118
-0.2%
Cash and equivalents
2,900
3,270
2,314
-11.3%
Receivables
193
268
85.0
-28.0%
Inventory
1,746
1,779
1,803
-1.9%
Other assets
11,136
11,946
13,528
-6.8%
Total assets
35,329
36,751
37,402
-3.9%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.