Comparative consolidated income account, years ended Dec. 31 [The American Tobacco Co. and wholly owned domestic subsidiaries are consolidated in all years. In 1942-49, includes American Cigarette & Cigar Co. and in 1941-49, excludes American Tobacco Co. of the Orient, Inc. The undistributed earnings of partly owned domestic companies are not included in any year, and the undistributed earnings of wholly owned foreign subsidiaries are not included] Total surplus. 1 State franchise tax included in State income tax in 1945 and prior years, and in cost of sales, etc., in 1946 and subsequently. * Includes capital stock taxes in 1945 and prior years. After deducting $1,860,000 postwar refund and $198,500 debt retirement credit in 1942, $2,146,000 postwar refund in 1943 and $910,600 postwar refund in 1944. 4 Credit. 5 Deficit. NOTE. For amount of excise taxes, included above, see "Note" to Long Term Digest of Income Account. NOTE A.-Equity in earnings of unconsolidated subsidiaries (excluding French subsidiary) amounted to $1,275,587 in 1949 and $1,368,810 in 1948. Difference in surplus from that shown at end of 1941 results frnm inclusion of American Cigarette and Cigar Co., in consclidation. 1943 1942 1941 Comparative consolidated balance sheet [Includes wholly owned domestic subsidiaries and in 1942-49, American Cigarette and Cigar Co., and excludes American Tobacco Co. of the Orient, Inc., in 1941-49] Assets: 71936-50-ser. vv 1949 1948 1947 1946 1945 1944 1940 Real estate, machinery, fix tures, etc., at cost. Less reserve for depreciation Real estate, machinery, etc., Goodwill, brands, etc. Partly owned domestic Wholly owned foreign Other investments. Postwar refund of excess Mortgages, loans, and ac- Accounts receivable from Notes and accounts receiv- $70, 700, 632.00 $67, 941, 308. 00 $58, 444, 653. 00 $47, 243, 333.00 $42, 802, 502. 00 $42, 092, 831.00 $42, 460, 597.00 $43, 552, 313. 00 $34, 877, 991. 00 $34, 908, 268. 00 27, 194, 023.00 26, 082, 678.00 25, 598, 117.00 24, 660, 057.00 24, 108, 003. 00 22, 709, 030.00 21, 482, 058. 00 20, 508, 951.00 13, 908, 418. 00 14, 008, 638. 00 15, 400, 000.00 15, 800, 000. 001 6, 000, 000. 001 6, 718, 927. 0016, 718, 927. 001 371, 394.00 372, 409.00 1,317, 561.00 2, 185, 072. 00 6, 718, 927. 001 372, 420.00 2, 119, 103. 00 464,000.00 475,000.00 8, 768, 819.00 16, 338, 861.00 16, 401, 361.00 2, 416, 120.00 3,461, 203. 00 3,491, 344. 00 2, 987, 511. 00 3,480, 057. 00 3, 329, 623. 00 2, 972, 291.00 1,810, 005.00 1 The American Tobacco Co. has 2 wholly owned foreign subsidiaries. One is located Net assets applicable to investments in other unconsolidated subsidiaries amounted n England, the applicable net assets of which amounted to $6,498,112 at Dec. 31, 1949; to $13,143,897 including intangible assets of $5,273,603 at Dec. 31, 1949. he other in France, the investment in which is reflected in accompanying balance sheet it $46,632 as of Dec. 31, 1949, 1942 1941 Comparative consolidated balance sheet-Continued [Includes wholly owned domestic subsidiaries and in 1942-49, American Cigarette and Cigar Co., and excludes American Tobacco Co. of the Orient, Inc., in 1941-49] 1949 1948 1947 1946 1945 1944 1943 1940 Current assets: Deposited with trustee. Federal excess-profits tax re- Due from subsidiary and affil- Accounts and notes received. Total current assets. $17, 949, 456. 00 $16, 175, 829. 00 $19, 505, 159. 00 $17, 821, 115. 00 $22, 507, 661.00 $59, 099, 716. 00 $12, 534, 327.00 $10, 747, 568. 00 $18, 803, 540. 00 $15, 410, 878.00 459, 777.00 58,973.00 938.00 183, 557.00 52, 699, 700.00 52, 699, 700. 00 52, 699, 700.00 52, 699, 700.00 136, 803, 450. 00 136, 803, 450. 00 40, 242, 400. 00 40, 242, 400. 00 Common stock B. 96, 561,025.00 78, 355, 425. 00 52, 699, 700.00 40, 242, 400. 00 78, 354, 800.00 52, 699, 700.00 40, 242, 400. 00 78, 354, 800.00 (e) Treasury stock (cost) debtor. Accounts payable. Notes payable (banks). 80, 000, 000.00 Due subsidiary and affiliated 99, 781, 881. 00 86, 802, 821. 00 73, 098, 729. 00 71, 130, 129. 00 71, 336, 555. 00 66, 670, 109. 00 62, 196, 610. 00 61, 202, 372.00 790, 496.00 6, 516, 725. 00 790, 496. 00 1, 152, 873. 00 1, 152, 873.00 640, 284.00 10, 000, 000. 00 275, 264, 000. 00228, 699, 000. 00 790, 496. 00 790, 496.00 790, 496. 00 790, 496. 00 1, 226, 367. 00 621, 815. 00 3, 406, 729.00 4, 544, 530.00 790, 496. 00 790, 496.00 386, 319.00 4, 587, 866. 00 956, 544.00 1,916, 250. 00 16, 000, 000. 00 242, 629.00 313, 834. 00 455, 084.00 5,793, 000. 00 95, 350.00 |