Accounting Calculation Troubleshooting: Altria 2018 10K
In trying to calculate historical EBIT for Altria in 2018, the following line items are not reconciling to EBT amount that they state:
Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,115
Interest and other bearing debt . . . . . . . . . . . . . . . . 665
Net periodic benefit (income) cost . . . . . . . . . . . . . . . (34)
Earnings from equity investment in AB InBev . . . . . (890)
Loss (gain) on AB InBev business combination . . . . 33
EBT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,341
I took 9,115 - (665) + (34) - (890) + (33) and got 7,627 for EBT. Wondering where I went wrong or what might be going on behind the scenes in additional schedules -- thanks!
Tenetur eos distinctio est consequatur. Officia iste necessitatibus deserunt architecto libero voluptatem repellat. Quo aut id ad autem est ut.
Blanditiis id quasi sit repudiandae voluptas fugiat. Dolorem dolorem mollitia itaque et alias fugit.
Nihil quia itaque hic sit aut. Quia harum ipsum nemo quae nam aperiam nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...