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: 2010 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net revenues | $ 24,363 | 23,556 | 19,356 |
| Cost of sales | 7,704 | 7,990 | 8,270 |
| Excise taxes on products | 7,471 | 6,732 | 3,399 |
| Gross profit | 9,188 | 8,834 | 7,687 |
| Marketing, administration and research costs | 2,735 | 2,843 | 2,753 |
| Reduction of Kraft and PMI tax-related receivables | 169 | 88 | |
| Asset impairment and exit costs | 36 | 421 | 449 |
| (Gain) loss on sale of corporate headquarters building | (404) | ||
| Amortization of intangibles | 20 | 20 | 7 |
| Operating income | 6,228 | 5,462 | 4,882 |
| Interest and other debt expense, net | 1,133 | 1,185 | 167 |
| Loss on early extinguishment of debt | 393 | ||
| Earnings from equity investment in SABMiller | (628) | (600) | (467) |
| Earnings from continuing operations before income taxes | 5,723 | 4,877 | 4,789 |
| Provision for income taxes | 1,816 | 1,669 | 1,699 |
| Earnings from continuing operations | 3,907 | 3,208 | 3,090 |
| Earnings from discontinued operations, net of income taxes | 1,901 | ||
| Net earnings | 3,907 | 3,208 | 4,991 |
| Net earnings attributable to noncontrolling interests | (2) | (2) | (61) |
| Net earnings attributable to Altria Group, Inc. | 3,905 | 3,206 | 4,930 |
| Amounts attributable to Altria Group, Inc. stockholders: | |||
| Earnings from continuing operations | 3,905 | 3,206 | 3,090 |
| Earnings from discontinued operations | 1,840 | ||
| Net earnings attributable to Altria Group, Inc. | 3,905 | 3,206 | 4,930 |
| Earnings Per Share | |||
| Basic earnings per share: | |||
| Continuing operations | 1.87 | 1.55 | 1.49 |
| Discontinued operations | 0.88 | ||
| Net earnings attributable to Altria Group, Inc. | 1.87 | 1.55 | 2.37 |
| Diluted earnings per share: | |||
| Continuing operations | 1.87 | 1.54 | 1.48 |
| Discontinued operations | 0.88 | ||
| Net earnings attributable to Altria Group, Inc. | 1.87 | 1.54 | 2.36 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash Provided by (Used in) Operating Activities | |||
| Earnings from continuing operations - Consumer products | $ 3,819 | 3,054 | 3,065 |
| - Financial services | 88 | 154 | 25 |
| Earnings from discontinued operations, net of income taxes | 1,901 | ||
| Net earnings | 3,907 | 3,208 | 4,991 |
| Impact of earnings from discontinued operations, net of income taxes | (1,901) | ||
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Consumer products | |||
| Depreciation and amortization | 276 | 291 | 215 |
| Deferred income tax provision | 124 | 43 | (138) |
| Earnings from equity investment in SABMiller | (628) | (600) | (467) |
| Dividends from SABMiller | 303 | 254 | 249 |
| Asset impairment and exit costs, net of cash paid | (188) | (22) | 197 |
| IRS payment related to LILO and SILO transactions | (945) | ||
| (Gain) loss on sale of corporate headquarters building | (404) | ||
| Loss on early extinguishment of debt | 393 | ||
| Cash effects of changes, net of the effects from acquired and divested companies: | |||
| Receivables, net | 15 | (7) | (84) |
| Inventories | 7 | 51 | 185 |
| Accounts payable | 48 | (25) | (162) |
| Income taxes | (53) | 130 | (201) |
| Accrued liabilities and other current assets | (221) | 218 | (27) |
| Accrued settlement charges | (100) | (346) | 5 |
| Pension plan contributions | (30) | (37) | (45) |
| Pension provisions and postretirement, net | 185 | 193 | 192 |
| Other | 96 | 232 | 139 |
| Financial services | |||
| Allowance for losses | 15 | 100 | |
| Other | (29) | (155) | (22) |
| Net cash provided by operating activities, continuing operations | 2,767 | 3,443 | 3,215 |
| Net cash provided by operating activities, discontinued operations | 1,666 | ||
| Net cash provided by operating activities | 2,767 | 3,443 | 4,881 |
| Cash Provided by (Used in) Investing Activities | |||
| Consumer products | |||
| Capital expenditures | (168) | (273) | (241) |
| Acquisition of UST, net of acquired cash | (10,244) | ||
| Proceeds from sale of corporate headquarters building | 525 | ||
| Other | 115 | (31) | 110 |
| Financial services | |||
| Investments in finance assets | (9) | (1) | |
| Proceeds from finance assets | 312 | 793 | 403 |
| Net cash provided by (used in) investing activities, continuing operations | 259 | (9,764) | 796 |
| Net cash used in investing activities, discontinued operations | (317) | ||
| Net cash provided by (used in) investing activities | 259 | (9,764) | 479 |
| Cash Provided by (Used in) Financing Activities | |||
| Consumer products | |||
| Net repayment of short-term borrowings | (205) | ||
| Long-term debt issued | 1,007 | 4,221 | 6,738 |
| Long-term debt repaid | (775) | (375) | (4,057) |
| Financial services | |||
| Long-term debt repaid | (500) | ||
| Repurchase of common stock | (1,166) | ||
| Dividends paid on common stock | (2,958) | (2,693) | (4,428) |
| Issuance of common stock | 104 | 89 | 89 |
| PMI dividends paid to Altria Group, Inc. | 3,019 | ||
| Financing fees and debt issuance costs | (6) | (177) | (93) |
| Tender and consent fees related to the early extinguishment of debt | (371) | ||
| Changes in amounts due to/from PMI | (664) | ||
| Other | 45 | (84) | (4) |
| Net cash (used in) provided by financing activities, continuing operations | (2,583) | 276 | (937) |
| Net cash used in financing activities, discontinued operations | (1,648) | ||
| Net cash (used in) provided by financing activities | (2,583) | 276 | (2,585) |
| Effect of exchange rate changes on cash and cash equivalents: | |||
| Discontinued operations | (126) | ||
| Cash and cash equivalents, continuing operations: | |||
| Increase (decrease) | 443 | (6,045) | 3,074 |
| Balance at beginning of year | 1,871 | 7,916 | |
| Balance at end of year | 2,314 | 1,871 | 7,916 |
| Cash paid, continuing operations: Interest - Consumer products | 1,084 | 904 | 208 |
| - Financial services | 38 | 38 | |
| Income taxes | 1,884 | 1,606 | 1,837 |
| Products and Services | |||
| Consumer Products | |||
| Deferred income tax provision | 408 | 499 | 121 |
| Financial Services | |||
| Deferred income tax benefit | (284) | (456) | (259) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Consumer products | ||
| Cash and cash equivalents | $ 2,314 | 1,871 |
| Receivables (less allowance of $3 in 2009) | 85 | 96 |
| Inventories: | ||
| Leaf tobacco | 960 | 993 |
| Other raw materials | 160 | 157 |
| Work in process | 299 | 293 |
| Finished product | 384 | 367 |
| Inventory, net | 1,803 | 1,810 |
| Deferred income taxes | 1,165 | 1,336 |
| Other current assets | 614 | 660 |
| Total current assets | 5,981 | 5,773 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 291 | 366 |
| Buildings and building equipment | 1,292 | 1,909 |
| Machinery and equipment | 3,473 | 3,649 |
| Construction in progress | 94 | 220 |
| Property, plant and equipment, at cost | 5,150 | 6,144 |
| Less accumulated depreciation | 2,770 | 3,460 |
| Property, plant and equipment, net | 2,380 | 2,684 |
| Goodwill | 5,174 | 5,174 |
| Other intangible assets, net | 12,118 | 12,138 |
| Investment in SABMiller | 5,367 | 4,980 |
| Other assets | 1,851 | 1,097 |
| Total consumer products assets | 32,871 | 31,846 |
| Financial services | ||
| Finance assets, net | 4,502 | 4,803 |
| Other assets | 29 | 28 |
| Total financial services assets | 4,531 | 4,831 |
| Total Assets | 37,402 | 36,677 |
| Liabilities | ||
| Consumer products | ||
| Current portion of long-term debt | 775 | |
| Accounts payable | 529 | 494 |
| Accrued liabilities: | ||
| Marketing | 447 | 467 |
| Taxes, except income taxes | 231 | 318 |
| Employment costs | 232 | 239 |
| Settlement charges | 3,535 | 3,635 |
| Other | 1,069 | 1,354 |
| Dividends payable | 797 | 710 |
| Total current liabilities | 6,840 | 7,992 |
| Long-term debt | 12,194 | 11,185 |
| Deferred income taxes | 4,618 | 4,383 |
| Accrued pension costs | 1,191 | 1,157 |
| Accrued postretirement health care costs | 2,402 | 2,326 |
| Other liabilities | 949 | 1,248 |
| Total consumer products liabilities | 28,194 | 28,291 |
| Financial services | ||
| Deferred income taxes | 3,880 | 4,180 |
| Other liabilities | 101 | 102 |
| Total financial services liabilities | 3,981 | 4,282 |
| Total liabilities | 32,175 | 32,573 |
| Contingencies (Note 21) | ||
| Redeemable noncontrolling interest | 32 | 32 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,751 | 5,997 |
| Earnings reinvested in the business | 23,459 | 22,599 |
| Accumulated other comprehensive losses | (1,484) | (1,561) |
| Cost of repurchased stock (717,221,651 shares in 2010 and 729,932,673 shares in 2009) | (23,469) | (23,901) |
| Total stockholders' equity attributable to Altria Group, Inc. | 5,192 | 4,069 |
| Noncontrolling interests | 3 | 3 |
| Total stockholders equity | 5,195 | 4,072 |
| Total Liabilities and Stockholders' Equity | 37,402 | 36,677 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2010 | |
| 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 |