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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.

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