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!
Eos autem ut iure voluptas recusandae sed iure. Eaque qui accusamus quia magni et deserunt occaecati.
Reiciendis itaque eaque repellat optio ducimus. Autem voluptas error sed quidem ipsum maiores rerum. Veniam est autem eum sed nam. Nobis magni impedit vel mollitia.
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...