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: 2011 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net revenues | $ 23,800 | 24,363 | 23,556 |
| Cost of sales | 7,680 | 7,704 | 7,990 |
| Excise taxes on products | 7,181 | 7,471 | 6,732 |
| Gross profit | 8,939 | 9,188 | 8,834 |
| Marketing, administration and research costs | 2,643 | 2,735 | 2,843 |
| Changes to Kraft and PMI tax-related receivables | (14) | 169 | 88 |
| Asset impairment and exit costs | 222 | 36 | 421 |
| Amortization of intangibles | 20 | 20 | 20 |
| Operating income | 6,068 | 6,228 | 5,462 |
| Interest and other debt expense, net | 1,216 | 1,133 | 1,185 |
| Earnings from equity investment in SABMiller | (730) | (628) | (600) |
| Earnings before income taxes | 5,582 | 5,723 | 4,877 |
| Provision for income taxes | 2,189 | 1,816 | 1,669 |
| Net earnings | 3,393 | 3,907 | 3,208 |
| Net earnings attributable to noncontrolling interests | (3) | (2) | (2) |
| Net earnings attributable to Altria Group, Inc. | 3,390 | 3,905 | 3,206 |
| Per share data: | |||
| Basic earnings per share attributable to Altria Group, Inc. | 1.64 | 1.87 | 1.55 |
| Diluted earnings per share attributable to Altria Group, Inc. | 1.64 | 1.87 | 1.54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings (loss) - Consumer products | $ 3,905 | 3,819 | 3,054 |
| Net earnings (loss) - Financial services | (512) | 88 | 154 |
| Net earnings | 3,393 | 3,907 | 3,208 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Consumer products | |||
| Depreciation and amortization | 253 | 276 | 291 |
| Deferred income tax provision | (443) | 124 | 43 |
| Earnings from equity investment in SABMiller | (730) | (628) | (600) |
| Dividends from SABMiller | 357 | 303 | 254 |
| Asset impairment and exit costs, net of cash paid | 179 | (188) | (22) |
| IRS payment related to LILO and SILO transactions | (945) | ||
| Cash effects of changes, net of the effects from acquisition of UST: | |||
| Receivables, net | (19) | 15 | (7) |
| Inventories | 24 | 7 | 51 |
| Accounts payable | (60) | 48 | (25) |
| Income taxes | (151) | (53) | 130 |
| Accrued liabilities and other current assets | 21 | (221) | 218 |
| Accrued settlement charges | (22) | (100) | (346) |
| Pension plan contributions | (240) | (30) | (37) |
| Pension provisions and postretirement, net | 243 | 185 | 193 |
| Other | 47 | 96 | 232 |
| Financial services | |||
| PMCC Leveraged Lease Charge | 490 | ||
| Net increase to allowance for losses | 25 | 15 | |
| Other | 246 | (29) | (155) |
| Net cash provided by operating activities | 3,613 | 2,767 | 3,443 |
| Cash Provided by (Used in) Investing Activities | |||
| Consumer products | |||
| Capital expenditures | (105) | (168) | (273) |
| Acquisition of UST, net of acquired cash | (10,244) | ||
| Other | 2 | 115 | (31) |
| Financial services | |||
| Investments in finance assets | (9) | ||
| Proceeds from finance assets | 490 | 312 | 793 |
| Net cash provided by (used in) investing activities | 387 | 259 | (9,764) |
| Cash Provided by (Used in) Financing Activities | |||
| Consumer products | |||
| Net repayment of short-term borrowings | (205) | ||
| Long-term debt issued | 1,494 | 1,007 | 4,221 |
| Long-term debt repaid | (775) | (375) | |
| Financial services | |||
| Long-term debt repaid | (500) | ||
| Repurchases of common stock | (1,327) | ||
| Dividends paid on common stock | (3,222) | (2,958) | (2,693) |
| Issuances of common stock | 29 | 104 | 89 |
| Financing fees and debt issuance costs | (24) | (6) | (177) |
| Other | 6 | 45 | (84) |
| Net cash (used in) provided by financing activities | (3,044) | (2,583) | 276 |
| Cash and cash equivalents: | |||
| Increase (Decrease) | 956 | 443 | (6,045) |
| Balance at beginning of year | 2,314 | 1,871 | |
| Balance at end of year | 3,270 | 2,314 | 1,871 |
| Cash paid: - Interest - Consumer products | 1,154 | 1,084 | 904 |
| - Financial services | 38 | ||
| Cash paid:- Income taxes | 2,865 | 1,884 | 1,606 |
| Products and Services | |||
| Consumer Products | |||
| Deferred income tax provision | 382 | 408 | 499 |
| Financial Services | |||
| Deferred income tax benefit | (825) | (284) | (456) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 16, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Consumer products | ||
| Cash and cash equivalents | $ 3,270 | 2,314 |
| Receivables | 268 | 85 |
| Inventories: | ||
| Leaf tobacco | 934 | 960 |
| Other raw materials | 170 | 160 |
| Work in process | 316 | 299 |
| Finished product | 359 | 384 |
| Inventory, net | 1,779 | 1,803 |
| Deferred income taxes | 1,207 | 1,165 |
| Other current assets | 607 | 614 |
| Total current assets | 7,131 | 5,981 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 290 | 291 |
| Buildings and building equipment | 1,271 | 1,292 |
| Machinery and equipment | 3,097 | 3,473 |
| Construction in progress | 70 | 94 |
| Property, plant and equipment, at cost | 4,728 | 5,150 |
| Less accumulated depreciation | 2,512 | 2,770 |
| Property, plant and equipment, net | 2,216 | 2,380 |
| Goodwill | 5,174 | 5,174 |
| Other intangible assets, net | 12,098 | 12,118 |
| Investment in SABMiller | 5,509 | 5,367 |
| Other assets | 1,257 | 1,851 |
| Total consumer products assets | 33,385 | 32,871 |
| Financial services | ||
| Finance assets, net | 3,559 | 4,502 |
| Other assets | 18 | 29 |
| Total financial services assets | 3,577 | 4,531 |
| Total Assets | 36,962 | 37,402 |
| Liabilities | ||
| Consumer products | ||
| Current portion of long-term debt | 600 | |
| Accounts payable | 503 | 529 |
| Accrued liabilities: | ||
| Marketing | 430 | 447 |
| Taxes, except income taxes | 220 | 231 |
| Employment costs | 225 | 232 |
| Settlement charges | 3,513 | 3,535 |
| Other | 1,311 | 1,069 |
| Dividends payable | 841 | 797 |
| Total current liabilities | 7,643 | 6,840 |
| Long-term debt | 13,089 | 12,194 |
| Deferred income taxes | 4,751 | 4,618 |
| Accrued pension costs | 1,662 | 1,191 |
| Accrued postretirement health care costs | 2,359 | 2,402 |
| Other liabilities | 602 | 949 |
| Total consumer products liabilities | 30,106 | 28,194 |
| Financial services | ||
| Deferred income taxes | 2,811 | 3,880 |
| Other liabilities | 330 | 101 |
| Total financial services liabilities | 3,141 | 3,981 |
| Total liabilities | 33,247 | 32,175 |
| Contingencies (Note 19) | ||
| 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 | 5,674 | 5,751 |
| Earnings reinvested in the business | 23,583 | 23,459 |
| Accumulated other comprehensive losses | (1,887) | (1,484) |
| Cost of repurchased stock (761,542,032 shares in 2011 and 717,221,651 shares in 2010) | (24,625) | (23,469) |
| Total stockholders' equity attributable to Altria Group, Inc. | 3,680 | 5,192 |
| Noncontrolling interests | 3 | 3 |
| Total stockholders' equity | 3,683 | 5,195 |
| Total Liabilities and Stockholders' Equity | 36,962 | 37,402 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2011 | |
| 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 |