 |
|
|
Notes to Consolidated Financial Statements
(Continued)
Note 20.
Quarterly Financial Data (Unaudited): |  | |
|
|
2003 Quarters |
|
 |
|
 |
|
 |
|
 |
|
(in millions, except per share data) |
 |
1st |
|
 |
|
|
 |
2nd |
|
 |
|
|
 |
3rd |
|
 |
|
|
 |
4th |
|
 |
 |
|
Net revenues |
 |
$19,371 |
|
 |
|
|
 |
$20,831 |
|
 |
|
|
 |
$20,939 |
|
 |
|
|
 |
$20,691 |
|
 |
 |
|
Gross profit |
 |
$ 6,919 |
|
 |
|
|
 |
$ 7,496 |
|
 |
|
|
 |
$ 7,402 |
|
 |
|
|
 |
$ 7,017 |
|
 |
 |
|
Net earnings |
 |
$ 2,186 |
|
 |
|
|
 |
$ 2,437 |
|
 |
|
|
 |
$ 2,490 |
|
 |
|
|
 |
$ 2,091 |
|
 |
 |
|
Per share data: |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
Basic EPS |
 |
$ 1.08 |
|
 |
|
|
 |
$ 1.20 |
|
 |
|
|
 |
$ 1.23 |
|
 |
|
|
 |
$ 1.03 |
|
 |
 |
|
Diluted EPS |
 |
$ 1.07 |
|
 |
|
|
 |
$ 1.20 |
|
 |
|
|
 |
$ 1.22 |
|
 |
|
|
 |
$ 1.02 |
|
 |
 |
|
Dividends declared |
 |
$ 0.64 |
|
 |
|
|
 |
$ 0.64 |
|
 |
|
|
 |
$ 0.68 |
|
 |
|
|
 |
$ 0.68 |
|
 |
 |
|
Market price—high |
 |
$ 42.09 |
|
 |
|
|
 |
$ 46.20 |
|
 |
|
|
 |
$ 47.07 |
|
 |
|
|
 |
$ 55.03 |
|
 |
|
—low |
 |
$ 27.70 |
|
 |
|
|
 |
$ 27.75 |
|
 |
|
|
 |
$ 38.72 |
|
 |
|
|
 |
$ 43.85 |
|
 |
 |
| |
|
|
2002 Quarters |
|
(in millions, except per share data) |
|
1st |
|
|
|
|
|
2nd |
|
|
|
|
|
3rd |
|
|
|
|
|
4th |
|
|
 |
|
Net revenues |
|
$20,535 |
|
|
|
|
|
$21,103 |
|
|
|
|
|
$19,996 |
|
|
|
|
|
$18,774 |
|
|
 |
|
Gross profit |
|
$ 7,428 |
|
|
|
|
|
$ 8,019 |
|
|
|
|
|
$ 7,564 |
|
|
|
|
|
$ 6,423 |
|
|
 |
|
Net earnings |
|
$ 2,365 |
|
|
|
|
|
$ 2,610 |
|
|
|
|
|
$ 4,359 |
|
|
|
|
|
$ 1,768 |
|
|
 |
|
Per share data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS |
|
$ 1.10 |
|
|
|
|
|
$ 1.22 |
|
|
|
|
|
$ 2.07 |
|
|
|
|
|
$ 0.86 |
|
|
 |
|
Diluted EPS |
|
$ 1.09 |
|
|
|
|
|
$ 1.21 |
|
|
|
|
|
$ 2.06 |
|
|
|
|
|
$ 0.85 |
|
|
 |
|
Dividends declared |
|
$ 0.58 |
|
|
|
|
|
$ 0.58 |
|
|
|
|
|
$ 0.64 |
|
|
|
|
|
$ 0.64 |
|
|
 |
|
Market price—high |
|
$ 54.48 |
|
|
|
|
|
$ 57.79 |
|
|
|
|
|
$ 52.00 |
|
|
|
|
|
$ 44.09 |
|
|
|
—low |
|
$ 45.40 |
|
|
|
|
|
$ 42.24 |
|
|
|
|
|
$ 37.52 |
|
|
|
|
|
$ 35.40 |
|
|
 |
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year. |  | |
During 2003 and 2002, Altria Group, Inc. recorded the following pre-tax charges
or (gains):
|
2003 Quarters |
|
 |
|
 |
|
 |
|
 |
| (in millions) |
 |
1st |
|
|
 |
|
 |
2nd |
|
|
 |
|
 |
3rd |
|
|
 |
|
 |
4th |
|
|
 |
 |
| Domestic tobacco legal settlement |
 |
|
|
|
 |
|
 |
$182 |
|
|
 |
|
 |
|
|
|
 |
|
 |
$ 20 |
|
|
 |
| Domestic tobacco headquarters relocation charges |
 |
|
|
|
 |
|
 |
9 |
|
|
 |
|
 |
$ 27 |
|
|
 |
|
 |
33 |
|
|
 |
| Gains on sales of businesses |
 |
|
|
|
 |
|
 |
|
|
|
 |
|
 |
(23 |
) |
|
 |
|
 |
(8 |
) |
|
 |
| Integration costs |
 |
|
|
|
 |
|
 |
|
|
|
 |
|
 |
|
|
|
 |
|
 |
(13 |
) |
|
 |
| Asset impairment and exit costs |
 |
|
|
|
 |
|
 |
|
|
|
 |
|
 |
6 |
|
|
 |
|
 |
80 |
|
|
 |
 |
|
 |
$ — |
|
|
 |
|
 |
$191 |
|
|
 |
|
 |
$ 10 |
|
|
 |
|
 |
$112 |
|
|
 |
 |
| |
|
2002 Quarters |
| (in millions) |
|
1st |
|
|
|
|
|
2nd |
|
|
|
|
|
3rd |
|
|
|
|
|
4th |
|
|
|
 |
| Asset impairment and exit costs |
|
$165 |
|
|
|
|
|
$ 25 |
|
|
|
|
|
$ 33 |
|
|
|
|
|
|
|
|
|
| Gain on Miller transaction |
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,653 |
) |
|
|
|
|
$ 22 |
|
|
|
| Integration costs and a loss on sale of a food factory |
|
27 |
|
|
|
|
|
92 |
|
|
|
|
|
|
|
|
|
|
|
(8 |
) |
|
|
| Provision for airline industry exposure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
290 |
|
|
|
| Gains on sales of businesses |
|
|
|
|
|
|
|
(3 |
) |
|
|
|
|
|
|
|
|
|
|
(77 |
) |
|
|
 |
|
|
$192 |
|
|
|
|
|
$114 |
|
|
|
|
|
$(2,620 |
) |
|
|
|
|
$227 |
|
|
|
 |
The principal stock exchange, on which Altria Group, Inc.’s common stock (par value $0.331⁄3 per share) is listed, is the New York Stock Exchange. At January 30, 2004, there were approximately 124,200 holders of record of Altria Group, Inc.’s common stock. |
|