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: 2013 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net revenues | $ 24,466 | 24,618 | 23,800 |
| Cost of sales | 7,206 | 7,937 | 7,680 |
| Excise taxes on products | 6,803 | 7,118 | 7,181 |
| Gross profit | 10,457 | 9,563 | 8,939 |
| Marketing, administration and research costs | 2,320 | 2,281 | 2,643 |
| Changes to Mondelez and PMI tax-related receivables/payables | 22 | (52) | (14) |
| Asset impairment and exit costs | 11 | 61 | 222 |
| Amortization of intangibles | 20 | 20 | 20 |
| Operating income | 8,084 | 7,253 | 6,068 |
| Interest and other debt expense, net | 1,049 | 1,126 | 1,216 |
| Loss on early extinguishment of debt | 1,084 | 874 | 0 |
| Earnings from equity investment in SABMiller | (991) | (1,224) | (730) |
| Earnings before income taxes | 6,942 | 6,477 | 5,582 |
| Provision for income taxes | 2,407 | 2,294 | 2,189 |
| Net earnings | 4,535 | 4,183 | 3,393 |
| Net earnings attributable to noncontrolling interests | 0 | (3) | (3) |
| Net earnings attributable to Altria Group, Inc. | 4,535 | 4,180 | 3,390 |
| Per share data: | |||
| Basic and diluted earnings per share attributable to Altria Group, Inc. | 2.26 | 2.06 | 1.64 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2013 | |||
Statement of Comprehensive Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net earnings | $ 4,535 | 4,183 | 3,393 |
| Currency translation adjustments | (2) | 0 | (2) |
| Benefit plans | 1,141 | (352) | (251) |
| SABMiller | (477) | 199 | (150) |
| Other comprehensive losses, net of deferred income taxes | 662 | (153) | (403) |
| Comprehensive earnings | 5,197 | 4,030 | 2,990 |
| Comprehensive earnings attributable to noncontrolling interests | 0 | (3) | (3) |
| Comprehensive earnings attributable to Altria Group, Inc. | 5,197 | 4,027 | 2,987 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings | $ 4,535 | 4,183 | 3,393 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 212 | 225 | 253 |
| Deferred income tax benefit | (86) | (929) | (443) |
| Earnings from equity investment in SABMiller | (991) | (1,224) | (730) |
| Dividends from SABMiller | 439 | 402 | 357 |
| PMCC leveraged lease charges | 0 | 7 | 490 |
| Asset impairment and exit costs, net of cash paid | (35) | (73) | 178 |
| IRS payment related to the Closing Agreement | 0 | (456) | 0 |
| Loss on early extinguishment of debt | 1,084 | 874 | 0 |
| Cash effects of changes: | |||
| Receivables, net | 78 | 202 | (19) |
| Inventories | (133) | 33 | 24 |
| Accounts payable | (76) | (13) | (92) |
| Income taxes | (95) | 883 | 147 |
| Accrued liabilities and other current assets | (107) | (14) | 21 |
| Accrued settlement charges | (225) | 103 | (22) |
| Pension plan contributions | (393) | (557) | (240) |
| Pension provisions and postretirement, net | 177 | 192 | 243 |
| Other | (9) | 47 | 21 |
| Net Cash Provided by (Used in) Operating Activities, Continuing Operations | 4,375 | 3,885 | 3,581 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (131) | (124) | (105) |
| Proceeds from finance assets | 716 | 1,049 | 490 |
| Other | 17 | (5) | 2 |
| Net cash (used in) provided by investing activities | 602 | 920 | 387 |
| Cash Provided by (Used in) Financing Activities | |||
| Long-term debt issued | 4,179 | 2,787 | 1,494 |
| Long-term debt repaid | (3,559) | (2,600) | 0 |
| Repurchases of common stock | (634) | (1,082) | (1,327) |
| Dividends paid on common stock | (3,612) | (3,400) | (3,222) |
| Issuances of common stock | 0 | 0 | 29 |
| Financing fees and debt issuance costs | (39) | (22) | (24) |
| Tender premiums and fees related to early extinguishment of debt | (1,054) | (864) | 0 |
| Other | 17 | 6 | 38 |
| Net cash used in financing activities | (4,702) | (5,175) | (3,012) |
| Cash and cash equivalents: | |||
| Increase (decrease) | 275 | (370) | 956 |
| Balance at beginning of year | 2,900 | 3,270 | |
| Balance at end of year | 3,175 | 2,900 | 3,270 |
| Cash Paid: Income taxes | 2,448 | 3,338 | 2,865 |
| Cash Paid: Interest | 1,099 | 1,219 | 1,154 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 26, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and cash equivalents | $ 3,175 | 2,900 |
| Receivables | 115 | 193 |
| Inventories: | ||
| Leaf tobacco | 933 | 876 |
| Other raw materials | 180 | 173 |
| Work in process | 394 | 349 |
| Finished product | 372 | 348 |
| Inventory, net | 1,879 | 1,746 |
| Deferred income taxes | 1,100 | 1,216 |
| Other current assets | 321 | 260 |
| Total current assets | 6,590 | 6,315 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 291 | 292 |
| Buildings and building equipment | 1,308 | 1,276 |
| Machinery and equipment | 3,111 | 3,068 |
| Construction in progress | 107 | 114 |
| Property, plant and equipment, at cost | 4,817 | 4,750 |
| Less accumulated depreciation | 2,789 | 2,648 |
| Property, plant and equipment, net | 2,028 | 2,102 |
| Goodwill | 5,174 | 5,174 |
| Other intangible assets, net | 12,058 | 12,078 |
| Investment in SABMiller | 6,455 | 6,637 |
| Finance assets, net | 1,997 | 2,581 |
| Other assets | 557 | 442 |
| Total Assets | 34,859 | 35,329 |
| Liabilities | ||
| Current portion of long-term debt | 525 | 1,459 |
| Accounts payable | 409 | 451 |
| Accrued liabilities: | ||
| Marketing | 512 | 568 |
| Employment costs | 255 | 184 |
| Settlement charges | 3,391 | 3,616 |
| Other | 1,007 | 1,093 |
| Dividends payable | 959 | 888 |
| Total current liabilities | 7,058 | 8,259 |
| Long-term debt | 13,992 | 12,419 |
| Deferred income taxes | 6,854 | 6,652 |
| Accrued pension costs | 212 | 1,735 |
| Accrued postretirement health care costs | 2,155 | 2,504 |
| Other liabilities | 435 | 556 |
| Total liabilities | 30,706 | 32,125 |
| Contingencies (Note 18) | ||
| Redeemable noncontrolling interest | 35 | 34 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,714 | 5,688 |
| Earnings reinvested in the business | 25,168 | 24,316 |
| Accumulated other comprehensive losses | (1,378) | (2,040) |
| Cost of repurchased stock (812,482,035 shares in 2013 and 796,221,021 shares in 2012) | (26,320) | (25,731) |
| Total stockholders equity attributable to Altria Group, Inc. | 4,119 | 3,168 |
| Noncontrolling interests | (1) | 2 |
| Total stockholders equity | 4,118 | 3,170 |
| Total Liabilities and Stockholders Equity | 34,859 | 35,329 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2013 | |
| 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 |