10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-153912 |
| Period End Date | 20140331 |
| Filing Date | 20140423 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | rai-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.58B | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$1.59B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesOutstanding
|
536.03M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesOutstanding
|
538.05M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.50B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.50B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.83B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.78B | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$100.00M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$106.00M | USD | Point-in-time |
| Accounts receivable, related party |
DueFromRelatedPartiesCurrent
|
$50.00M | USD | Point-in-time |
| Accounts receivable, related party |
DueFromRelatedPartiesCurrent
|
$56.00M | USD | Point-in-time |
| Notes receivable |
NotesAndLoansReceivableNetCurrent
|
$37.00M | USD | Point-in-time |
| Notes receivable |
NotesAndLoansReceivableNetCurrent
|
$37.00M | USD | Point-in-time |
| Other receivables |
AccountsAndOtherReceivablesNetCurrent
|
$11.00M | USD | Point-in-time |
| Other receivables |
AccountsAndOtherReceivablesNetCurrent
|
$16.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.12B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.13B | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$634.00M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$606.00M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$207.00M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$230.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.65B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.00B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation (2014 - $1,587; 2013 - $1,579) |
PropertyPlantAndEquipmentNet
|
$1.07B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation (2014 - $1,587; 2013 - $1,579) |
PropertyPlantAndEquipmentNet
|
$1.13B | USD | Point-in-time |
| Trademarks and other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$2.42B | USD | Point-in-time |
| Trademarks and other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$2.42B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.02B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.01B | USD | Point-in-time |
| Other assets and deferred charges |
OtherAssetsNoncurrent
|
$230.00M | USD | Point-in-time |
| Other assets and deferred charges |
OtherAssetsNoncurrent
|
$245.00M | USD | Point-in-time |
| Total assets |
Assets
|
$15.40B | USD | Point-in-time |
| Total assets |
Assets
|
$15.80B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$185.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$179.00M | USD | Point-in-time |
| Tobacco settlement accruals |
TobaccoSettlementAccrualsNetCurrent
|
$2.19B | USD | Point-in-time |
| Tobacco settlement accruals |
TobaccoSettlementAccrualsNetCurrent
|
$1.73B | USD | Point-in-time |
| Due to related party |
DueToRelatedPartiesCurrent
|
$1.00M | USD | Point-in-time |
| Deferred revenue, related party |
DeferredRevenueCurrent
|
$48.00M | USD | Point-in-time |
| Deferred revenue, related party |
DeferredRevenueCurrent
|
$30.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.28B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.12B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.08B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.68B | USD | Point-in-time |
| Long-term debt (less current maturities) |
LongTermDebtNoncurrent
|
$5.09B | USD | Point-in-time |
| Long-term debt (less current maturities) |
LongTermDebtNoncurrent
|
$5.10B | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$658.00M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$682.00M | USD | Point-in-time |
| Long-term retirement benefits (less current portion) |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$1.20B | USD | Point-in-time |
| Long-term retirement benefits (less current portion) |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$1.22B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$130.00M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$181.00M | USD | Point-in-time |
| Commitments and contingencies: |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies: |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock (shares issued: 2014 - 536,027,071; 2013 - 538,053,024) |
CommonStockValueOutstanding
|
- | USD | Point-in-time |
| Common stock (shares issued: 2014 - 536,027,071; 2013 - 538,053,024) |
CommonStockValueOutstanding
|
- | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$6.42B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$6.57B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.35B | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.35B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-56.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-329.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-60.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-311.00M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.12B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.26B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.17B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.01B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$15.40B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$15.80B | USD | Point-in-time |
Income Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Excise taxes |
ExciseAndSalesTaxes
|
$855.00M | USD | 1 Quarter |
| Excise taxes |
ExciseAndSalesTaxes
|
$846.00M | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$1.85B | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$1.80B | USD | 1 Quarter |
| Net sales, related party |
RevenueFromRelatedParties
|
$81.00M | USD | 1 Quarter |
| Net sales, related party |
RevenueFromRelatedParties
|
$86.00M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$1.88B | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$1.94B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$694.00M | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$930.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$301.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$413.00M | USD | 1 Quarter |
| Amortization expense |
AmortizationOfIntangibleAssets
|
$1.00M | USD | 1 Quarter |
| Amortization expense |
AmortizationOfIntangibleAssets
|
$2.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$590.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$887.00M | USD | 1 Quarter |
| Interest and debt expense |
InterestAndDebtExpense
|
$62.00M | USD | 1 Quarter |
| Interest and debt expense |
InterestAndDebtExpense
|
$59.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.00M | USD | 1 Quarter |
| Other (income) expense, net |
OtherNonoperatingIncomeExpense
|
$-1.00M | USD | 1 Quarter |
| Other (income) expense, net |
OtherNonoperatingIncomeExpense
|
$2.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$829.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$531.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$321.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$193.00M | USD | 1 Quarter |
| Income (loss) from continuing operations |
IncomeLossFromContinuingOperations
|
$338.00M | USD | 1 Quarter |
| Income (loss) from continuing operations |
IncomeLossFromContinuingOperations
|
$508.00M | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$25.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$363.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$508.00M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.63 | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.92 | USD | 1 Quarter |
| Income from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
$0.05 | USD | 1 Quarter |
| Net income |
EarningsPerShareBasic
|
$0.92 | USD | 1 Quarter |
| Net income |
EarningsPerShareBasic
|
$0.68 | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.63 | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.92 | USD | 1 Quarter |
| Income from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
$0.04 | USD | 1 Quarter |
| Net income |
EarningsPerShareDiluted
|
$0.67 | USD | 1 Quarter |
| Net income |
EarningsPerShareDiluted
|
$0.92 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.59 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.67 | USD | 1 Quarter |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$363.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$508.00M | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$25.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$28.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$25.00M | USD | 1 Quarter |
| Restructuring charge, net of cash payments |
RestructuringCosts
|
$-4.00M | USD | 1 Quarter |
| Restructuring charge, net of cash payments |
RestructuringCosts
|
$-3.00M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$90.00M | USD | 1 Quarter |
| Deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$-7.00M | USD | 1 Quarter |
| Pension and postretirement |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$-32.00M | USD | 1 Quarter |
| Pension and postretirement |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$-30.00M | USD | 1 Quarter |
| Tobacco settlement |
IncreaseDecreaseInTobaccoSettlementAccruals
|
$-459.00M | USD | 1 Quarter |
| Tobacco settlement |
IncreaseDecreaseInTobaccoSettlementAccruals
|
$-268.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-132.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-85.00M | USD | 1 Quarter |
| Net cash flows from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$912.00M | USD | 1 Quarter |
| Net cash flows from operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$945.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$23.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$55.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$30.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-3.00M | USD | 1 Quarter |
| Net cash flows (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-20.00M | USD | 1 Quarter |
| Net cash flows (used in) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-85.00M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$326.00M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$339.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$325.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$173.00M | USD | 1 Quarter |
| Excess tax benefit on stock-based compensation plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$11.00M | USD | 1 Quarter |
| Excess tax benefit on stock-based compensation plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$10.00M | USD | 1 Quarter |
| Debt issuance costs and financing fees |
PaymentsOfDebtIssuanceCosts
|
$3.00M | USD | 1 Quarter |
| Net cash flows from (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-643.00M | USD | 1 Quarter |
| Net cash flows from (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-502.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$1.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-6.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$326.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$276.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.50B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.50B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.83B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.78B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.50B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.50B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.83B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.78B | USD | Point-in-time |
| Income taxes paid, net of refunds |
IncomeTaxesPaidNet
|
$13.00M | USD | 1 Quarter |
| Income taxes paid, net of refunds |
IncomeTaxesPaidNet
|
$16.00M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$10.00M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$30.00M | USD | 1 Quarter |
Comprehensive Income
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Tax benefit, retirement benefits |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$3.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$363.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$508.00M | USD | 1 Quarter |
| Tax benefit, retirement benefits |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$4.00M | USD | 1 Quarter |
| Tax expense (benefit), unrealized gain (loss) on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$1.00M | USD | 1 Quarter |
| Tax expense (benefit), unrealized gain (loss) on investments |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$2.00M | USD | 1 Quarter |
| Retirement benefits, net of tax benefit (2014 - $4; 2013 - $3) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$6.00M | USD | 1 Quarter |
| Retirement benefits, net of tax benefit (2014 - $4; 2013 - $3) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$5.00M | USD | 1 Quarter |
| Tax expense (benefit), cumulative translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
$5.00M | USD | 1 Quarter |
| Unrealized gain on long-term investments, net of tax expense (2014 - $1; 2013 - $2) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$2.00M | USD | 1 Quarter |
| Unrealized gain on long-term investments, net of tax expense (2014 - $1; 2013 - $2) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$1.00M | USD | 1 Quarter |
| Cumulative translation adjustment and other, net of tax expense (2013 - $5) |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-15.00M | USD | 1 Quarter |
| Cumulative translation adjustment and other, net of tax expense (2013 - $5) |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$1.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$359.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$490.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.