Altria Group Files Q1 2024 10-Q

TL;DR

Altria's Q1 2024 10-Q is in: financials updated, debt notes detailed, equity changes shown.

AI Summary

Altria Group, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported its financial performance and position, including details on its common stock and various debt notes due in 2025, 2027, and 2031. The filing also provides comparative data from the previous year, detailing changes in equity accounts such as additional paid-in capital and retained earnings.

Why It Matters

This filing provides investors with a detailed look at Altria's financial health and operational performance for the first quarter of 2024, crucial for understanding the company's stability and future prospects.

Risk Assessment

Risk Level: medium — The company operates in a highly regulated industry with evolving consumer preferences and ongoing litigation risks.

Key Numbers

• 0.3313 — Common Stock Par Value (Represents the nominal value per share of common stock.)
• 1.700 — Notes Due 2025 (Principal amount of notes maturing in 2025.)
• 2.200 — Notes Due 2027 (Principal amount of notes maturing in 2027.)
• 3.125 — Notes Due 2031 (Principal amount of notes maturing in 2031.)

Key Players & Entities

• ALTRIA GROUP, INC. (company) — Filer
• 20240331 (date) — Period of Report
• 20240425 (date) — Filing Date
• 0000764180 (company) — Central Index Key
• CIGARETTES [2111] (industry) — Standard Industrial Classification
• VA (location) — State of Incorporation
• 133260245 (tax_id) — IRS Number
• 001-08940 (company) — SEC File Number
• 24872894 (film_number) — Film Number
• 6601 WEST BROAD STREET (address) — Business Address

FAQ

From the Filing

0000764180-24-000057.txt : 20240425 0000764180-24-000057.hdr.sgml : 20240425 20240425071236 ACCESSION NUMBER: 0000764180-24-000057 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 102 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-08940 FILM NUMBER: 24872894 BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 10-Q 1 mo-20240331.htm 10-Q mo-20240331 false 2024 Q1 0000764180 12/31 0.3333 0.3333 http://fasb.org/us-gaap/2023#AccountsPayableCurrent 14 3 0000764180 2024-01-01 2024-03-31 0000764180 mo:CommonStock0.3313ParValueMember 2024-01-01 2024-03-31 0000764180 mo:CommonStock1.700NotesDue2025Member 2024-01-01 2024-03-31 0000764180 mo:CommonStock2.200NotesDue2027Member 2024-01-01 2024-03-31 0000764180 mo:CommonStock3.125NotesDue2031Member 2024-01-01 2024-03-31 0000764180 2024-04-16 xbrli:shares 0000764180 2024-03-31 iso4217:USD 0000764180 2023-12-31 iso4217:USD xbrli:shares 0000764180 2023-01-01 2023-03-31 0000764180 us-gaap:CommonStockMember 2023-12-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000764180 us-gaap:RetainedEarningsMember 2023-12-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000764180 us-gaap:TreasuryStockCommonMember 2023-12-31 0000764180 us-gaap:NoncontrollingInterestMember 2023-12-31 0000764180 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000764180 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000764180 us-gaap:CommonStockMember 2024-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000764180 us-gaap:RetainedEarningsMember 2024-03-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000764180 us-gaap:TreasuryStockCommonMember 2024-03-31 0000764180 us-gaap:NoncontrollingInterestMember 2024-03-31 0000764180 us-gaap:CommonStockMember 2022-12-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000764180 us-gaap:RetainedEarningsMember 2022-12-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000764180 us-gaap:TreasuryStockCommonMember 2022-12-31 0000764180 us-gaap:NoncontrollingInterestMember 2022-12-31 0000764180 2022-12-31 0000764180 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000764180 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000764180 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0000764180 us-gaap:CommonStockMember 2023-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000764180 us-gaap:RetainedEarningsMember 2023-03-31 0000764180 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000764180 us-gaap:TreasuryStockCommonMember 2023-03-31 0000764180 us-gaap:NoncontrollingInterestMember 2023-03-31 0000764180 2023-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember mo:January2024AcceleratedShareRepurchaseProgramMember 2024-03-31 xbrli:pure 0000764180 us-gaap:AdditionalPaidInCapitalMember mo:ASRAgreementsMember 2024-01-01 2024-03-31 0000764180 us-gaap:AdditionalPaidInCapitalMember mo:ASRAgreementsMember 2024-03-3