10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2009 | |||
Statement Of Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Net revenues | $ 23,556 | 19,356 | 18,664 |
| Cost of sales | 7,990 | 8,270 | 7,827 |
| Excise taxes on products | 6,732 | 3,399 | 3,452 |
| Gross profit | 8,834 | 7,687 | 7,385 |
| Marketing, administration and research costs | 2,931 | 2,753 | 2,784 |
| Asset impairment and exit costs | 421 | 449 | 442 |
| Gain on sale of corporate headquarters building | 0 | (404) | 0 |
| Recoveries from airline industry exposure | 0 | 0 | (214) |
| Amortization of intangibles | 20 | 7 | 0 |
| Operating income | 5,462 | 4,882 | 4,373 |
| Interest and other debt expense, net | 1,185 | 167 | 205 |
| Loss on early extinguishment of debt | 0 | 393 | 0 |
| Earnings from equity investment in SABMiller | (600) | (467) | (510) |
| Earnings from continuing operations before income taxes | 4,877 | 4,789 | 4,678 |
| Provision for income taxes | 1,669 | 1,699 | 1,547 |
| Earnings from continuing operations | 3,208 | 3,090 | 3,131 |
| Earnings from discontinued operations, net of income taxes | 0 | 1,901 | 7,006 |
| Net earnings | 3,208 | 4,991 | 10,137 |
| Net earnings attributable to noncontrolling interests | (2) | (61) | (351) |
| Net earnings attributable to Altria Group, Inc. | 3,206 | 4,930 | 9,786 |
| Amounts attributable to Altria Group, Inc. stockholders: | |||
| Earnings from continuing operations | 3,206 | 3,090 | 3,131 |
| Earnings from discontinued operations | 0 | 1,840 | 6,655 |
| Net earnings attributable to Altria Group, Inc. | 3,206 | 4,930 | 9,786 |
| Per share data: | |||
| Basic earnings per share: | |||
| Continuing operations | 1.55 | 1.49 | 1.49 |
| Discontinued operations | 0.00 | 0.88 | 3.15 |
| Net earnings attributable to Altria Group, Inc. | 1.55 | 2.37 | 4.64 |
| Diluted earnings per share: | |||
| Continuing operations | 1.54 | 1.48 | 1.48 |
| Discontinued operations | 0.00 | 0.88 | 3.14 |
| Net earnings attributable to Altria Group, Inc. | 1.54 | 2.36 | 4.62 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Provided by (Used in) Operating Activities | |||
| Earnings from continuing operations - Consumer products | $ 3,054 | 3,065 | 2,910 |
| - Financial services | 154 | 25 | 221 |
| Earnings from discontinued operations, net of income taxes | 0 | 1,901 | 7,006 |
| Net earnings | 3,208 | 4,991 | 10,137 |
| Impact of earnings from discontinued operations, net of income taxes | 0 | (1,901) | (7,006) |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Consumer products | |||
| Depreciation and amortization | 291 | 215 | 232 |
| Deferred income tax provision | 499 | 121 | 101 |
| Earnings from equity investment in SABMiller | (600) | (467) | (510) |
| Dividends from SABMiller | 254 | 249 | 224 |
| Escrow bond for the Engle tobacco case | 0 | 0 | 1,300 |
| Asset impairment and exit costs, net of cash paid | (22) | 197 | 333 |
| Gain on sale of corporate headquarters building | 0 | (404) | 0 |
| Loss on early extinguishment of debt | 0 | 393 | 0 |
| Cash effects of changes, net of the effects from acquired and divested companies: | |||
| Receivables, net | (7) | (84) | 162 |
| Inventories | 51 | 185 | 375 |
| Accounts payable | (25) | (162) | (82) |
| Income taxes | 130 | (201) | (900) |
| Accrued liabilities and other current assets | 218 | (27) | (247) |
| Accrued settlement charges | (346) | 5 | 434 |
| Pension plan contributions | (37) | (45) | (37) |
| Pension provisions and postretirement, net | 193 | 192 | 165 |
| Other | 232 | 139 | 302 |
| Financial services | |||
| Deferred income tax benefit | (456) | (259) | (320) |
| Allowance for losses | 15 | 100 | 0 |
| Other | (155) | (22) | (83) |
| Net cash provided by operating activities, continuing operations | 3,443 | 3,215 | 4,580 |
| Net cash provided by operating activities, discontinued operations | 0 | 1,666 | 5,736 |
| Net cash provided by operating activities | 3,443 | 4,881 | 10,316 |
| Cash Provided by (Used in) Investing Activities | |||
| Consumer products | |||
| Capital expenditures | (273) | (241) | (386) |
| Acquisition of UST LLC, net of acquired cash | (10,244) | 0 | 0 |
| Proceeds from sale of corporate headquarters building | 0 | 525 | 0 |
| Acquisition of John Middleton Co., net of acquired cash | 0 | 0 | (2,898) |
| Other | (31) | 110 | 108 |
| Financial services | |||
| Investments in finance assets | (9) | (1) | (5) |
| Proceeds from finance assets | 793 | 403 | 486 |
| Net cash (used in) provided by investing activities, continuing operations | (9,764) | 796 | (2,695) |
| Net cash used in investing activities, discontinued operations | 0 | (317) | (2,560) |
| Net cash (used in) provided by investing activities | (9,764) | 479 | (5,255) |
| Cash Provided by (Used in) Financing Activities | |||
| Consumer products | |||
| Net (repayment) issuance of short-term borrowings | (205) | 0 | 2 |
| Long-term debt issued | 4,221 | 6,738 | 0 |
| Long-term debt repaid | (375) | (4,057) | (500) |
| Financial services | |||
| Debt repaid | (500) | 0 | (617) |
| Repurchase of Altria Group, Inc. common stock | 0 | (1,166) | 0 |
| Dividends paid on Altria Group, Inc. common stock | (2,693) | (4,428) | (6,652) |
| Issuance of Altria Group, Inc. common stock | 89 | 89 | 423 |
| Kraft Foods Inc. dividends paid to Altria Group, Inc. | 0 | 0 | 728 |
| Philip Morris International Inc. dividends paid to Altria Group, Inc. | 0 | 3,019 | 6,560 |
| Financing fees and debt issuance costs | (177) | (93) | 0 |
| Tender and consent fees related to the early extinguishment of debt | 0 | (371) | 0 |
| Changes in amounts due to/from Philip Morris International Inc. | 0 | (664) | (370) |
| Other | (84) | (4) | 278 |
| Net cash provided by (used in) financing activities, continuing operations | 276 | (937) | (148) |
| Net cash used in financing activities, discontinued operations | 0 | (1,648) | (3,531) |
| Net cash provided by (used in) financing activities | 276 | (2,585) | (3,679) |
| Effect of exchange rate changes on cash and cash equivalents: | |||
| Discontinued operations | 0 | (126) | 347 |
| Cash and cash equivalents, continuing operations: | |||
| (Decrease) increase | (6,045) | 3,074 | 1,737 |
| Balance at beginning of year | 7,916 | 4,842 | |
| Balance at end of year | 1,871 | 7,916 | 4,842 |
| Cash paid, continuing operations: Interest - Consumer products | 904 | 208 | 348 |
| - Financial services | 38 | 38 | 62 |
| Income taxes | 1,606 | 1,837 | 2,241 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2009 | ||
Statement Of Financial Position Classified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Consumer products | ||
| Cash and cash equivalents | $ 1,871 | 7,916 |
| Receivables (less allowances of $3 in 2009 and 2008) | 96 | 44 |
| Inventories: | ||
| Leaf tobacco | 993 | 727 |
| Other raw materials | 157 | 145 |
| Work in process | 293 | 9 |
| Finished product | 367 | 188 |
| Inventory, Net, Total | 1,810 | 1,069 |
| Deferred income taxes | 1,336 | 1,690 |
| Other current assets | 660 | 357 |
| Total current assets | 5,773 | 11,076 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 366 | 174 |
| Buildings and building equipment | 1,909 | 1,678 |
| Machinery and equipment | 3,649 | 3,122 |
| Construction in progress | 220 | 370 |
| Property, Plant and Equipment, Gross, Total | 6,144 | 5,344 |
| Less accumulated depreciation | 3,460 | 3,145 |
| Property, Plant and Equipment, Net, Total | 2,684 | 2,199 |
| Goodwill | 5,174 | 77 |
| Other intangible assets, net | 12,138 | 3,039 |
| Investment in SABMiller | 4,980 | 4,261 |
| Other assets | 1,097 | 1,080 |
| Total consumer products assets | 31,846 | 21,732 |
| Financial services | ||
| Finance assets, net | 4,803 | 5,451 |
| Other assets | 28 | 32 |
| Total financial services assets | 4,831 | 5,483 |
| Total Assets | 36,677 | 27,215 |
| Liabilities | ||
| Consumer products | ||
| Current portion of long-term debt | 775 | 135 |
| Accounts payable | 494 | 510 |
| Accrued liabilities: | ||
| Marketing | 467 | 374 |
| Taxes, except income taxes | 318 | 98 |
| Employment costs | 239 | 248 |
| Settlement charges | 3,635 | 3,984 |
| Other | 1,354 | 1,128 |
| Dividends payable | 710 | 665 |
| Total current liabilities | 7,992 | 7,142 |
| Long-term debt | 11,185 | 6,839 |
| Deferred income taxes | 4,383 | 351 |
| Accrued pension costs | 1,157 | 1,393 |
| Accrued postretirement health care costs | 2,326 | 2,208 |
| Other liabilities | 1,248 | 1,208 |
| Total consumer products liabilities | 28,291 | 19,141 |
| Financial services | ||
| Debt | 0 | 500 |
| Deferred income taxes | 4,180 | 4,644 |
| Other liabilities | 102 | 102 |
| Total financial services liabilities | 4,282 | 5,246 |
| Total liabilities | 32,573 | 24,387 |
| Contingencies (Note 22) | ||
| Redeemable noncontrolling interest | 32 | 0 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,997 | 6,350 |
| Earnings reinvested in the business | 22,599 | 22,131 |
| Accumulated other comprehensive losses | (1,561) | (2,181) |
| Cost of repurchased stock (729,932,673 shares in 2009 and 744,589,733 shares in 2008) | (23,901) | (24,407) |
| Total stockholders' equity attributable to Altria Group, Inc. | 4,069 | 2,828 |
| Noncontrolling interests | 3 | 0 |
| Total stockholders' equity | 4,072 | 2,828 |
| Total Liabilities and Stockholders' Equity | 36,677 | 27,215 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |