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: 2014 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net revenues | $ 24,522 | 24,466 | 24,618 |
| Cost of sales | 7,785 | 7,206 | 7,937 |
| Excise taxes on products | 6,577 | 6,803 | 7,118 |
| Gross profit | 10,160 | 10,457 | 9,563 |
| Marketing, administration and research costs | 2,539 | 2,340 | 2,301 |
| Changes to Mondelez and PMI tax-related receivables/payables | 2 | 22 | (52) |
| Asset impairment and exit costs | (1) | 11 | 61 |
| Operating income | 7,620 | 8,084 | 7,253 |
| Interest and other debt expense, net | 808 | 1,049 | 1,126 |
| Loss on early extinguishment of debt | 44 | 1,084 | 874 |
| Earnings from equity investment in SABMiller | (1,006) | (991) | (1,224) |
| Earnings (loss) before income taxes | 7,774 | 6,942 | 6,477 |
| Provision for income taxes | 2,704 | 2,407 | 2,294 |
| Net earnings | 5,070 | 4,535 | 4,183 |
| Net earnings attributable to noncontrolling interests | 0 | 0 | (3) |
| Net earnings attributable to Altria Group, Inc. | 5,070 | 4,535 | 4,180 |
| Per share data: | |||
| Basic and diluted earnings per share attributable to Altria Group, Inc. | 2.56 | 2.26 | 2.06 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2014 | |||
Statement of Comprehensive Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 5,070 | 4,535 | 4,183 |
| Other comprehensive earnings (losses), net of deferred income taxes: | |||
| Currency translation adjustments | (2) | (2) | 0 |
| Benefit plans | (767) | 1,141 | (352) |
| SABMiller | (535) | (477) | 199 |
| Other comprehensive (losses) earnings, net of deferred income taxes | (1,304) | 662 | (153) |
| Comprehensive earnings | 3,766 | 5,197 | 4,030 |
| Comprehensive earnings attributable to noncontrolling interests | 0 | 0 | (3) |
| Comprehensive earnings attributable to Altria Group, Inc. | 3,766 | 5,197 | 4,027 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALTRIA GROUP, INC. | |||
Ticker: MO Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Provided by (Used in) Operating Activities | |||
| Net earnings | $ 5,070 | 4,535 | 4,183 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 208 | 212 | 225 |
| Deferred income tax benefit | (129) | (86) | (929) |
| Earnings from equity investment in SABMiller | (1,006) | (991) | (1,224) |
| Dividends from SABMiller | 456 | 439 | 402 |
| Loss on early extinguishment of debt | 44 | 1,084 | 874 |
| IRS payment related to the Closing Agreement | 0 | 0 | (456) |
| Cash effects of changes, net of the effects from acquisition of Green Smoke: | |||
| Receivables, net | (8) | 78 | 202 |
| Inventories | (184) | (133) | 33 |
| Accounts payable | (5) | (76) | (13) |
| Income taxes | 1 | (95) | 883 |
| Accrued liabilities and other current assets | (107) | (107) | (14) |
| Accrued settlement charges | 109 | (225) | 103 |
| Pension plan contributions | (15) | (393) | (557) |
| Pension provisions and postretirement, net | 21 | 177 | 192 |
| Other | 208 | (44) | (19) |
| Net Cash Provided by (Used in) Operating Activities | 4,663 | 4,375 | 3,885 |
| Cash Provided by (Used in) Investing Activities | |||
| Capital expenditures | (163) | (131) | (124) |
| Acquisition of Green Smoke, net of acquired cash | (102) | 0 | 0 |
| Proceeds from finance assets | 369 | 716 | 1,049 |
| Other | 73 | 17 | (5) |
| Net cash provided by (used in) investing activities | 177 | 602 | 920 |
| Cash Provided by (Used in) Financing Activities | |||
| Long-term debt issued | 999 | 4,179 | 2,787 |
| Long-term debt repaid | (825) | (3,559) | (2,600) |
| Repurchases of common stock | (939) | (634) | (1,082) |
| Dividends paid on common stock | (3,892) | (3,612) | (3,400) |
| Financing fees and debt issuance costs | (7) | (39) | (22) |
| Premiums and fees related to early extinguishment of debt | (44) | (1,054) | (864) |
| Other | 14 | 17 | 6 |
| Net cash used in financing activities | (4,694) | (4,702) | (5,175) |
| Cash and cash equivalents: | |||
| Increase (decrease) | 146 | 275 | (370) |
| Balance at beginning of year | 3,175 | 2,900 | |
| Balance at end of year | 3,321 | 3,175 | 2,900 |
| Cash Paid: Interest | 820 | 1,099 | 1,219 |
| Cash Paid: Income taxes | 2,765 | 2,448 | 3,338 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALTRIA GROUP, INC. | ||
Ticker: MO Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 25, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and cash equivalents | $ 3,321 | 3,175 |
| Receivables | 124 | 115 |
| Inventories: | ||
| Leaf tobacco | 991 | 933 |
| Other raw materials | 200 | 180 |
| Work in process | 429 | 394 |
| Finished product | 420 | 372 |
| Inventory, net | 2,040 | 1,879 |
| Deferred income taxes | 1,143 | 1,100 |
| Other current assets | 250 | 321 |
| Total current assets | 6,878 | 6,590 |
| Property, plant and equipment, at cost: | ||
| Land and land improvements | 293 | 291 |
| Buildings and building equipment | 1,323 | 1,308 |
| Machinery and equipment | 2,986 | 3,111 |
| Construction in progress | 153 | 107 |
| Property, plant and equipment, at cost | 4,755 | 4,817 |
| Less accumulated depreciation | 2,772 | 2,789 |
| Property, plant and equipment, net | 1,983 | 2,028 |
| Goodwill | 5,285 | 5,174 |
| Other intangible assets, net | 12,049 | 12,058 |
| Investment in SABMiller | 6,183 | 6,455 |
| Finance assets, net | 1,614 | 1,997 |
| Other assets | 483 | 557 |
| Total Assets | 34,475 | 34,859 |
| Liabilities | ||
| Current portion of long-term debt | 1,000 | 525 |
| Accounts payable | 416 | 409 |
| Accrued liabilities: | ||
| Marketing | 618 | 512 |
| Employment costs | 186 | 255 |
| Settlement charges | 3,500 | 3,391 |
| Other | 925 | 1,007 |
| Dividends payable | 1,028 | 959 |
| Total current liabilities | 7,673 | 7,058 |
| Long-term debt | 13,693 | 13,992 |
| Deferred income taxes | 6,088 | 6,854 |
| Accrued pension costs | 1,012 | 212 |
| Accrued postretirement health care costs | 2,461 | 2,155 |
| Other liabilities | 503 | 435 |
| Total liabilities | 31,430 | 30,706 |
| Contingencies (Note 18) | ||
| Redeemable noncontrolling interest | 35 | 35 |
| Stockholders' Equity | ||
| Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued) | 935 | 935 |
| Additional paid-in capital | 5,735 | 5,714 |
| Earnings reinvested in the business | 26,277 | 25,168 |
| Accumulated other comprehensive losses | (2,682) | (1,378) |
| Cost of repurchased stock (834,486,794 shares at December 31, 2014 and 812,482,035 shares at December 31, 2013) | (27,251) | (26,320) |
| Total stockholders equity attributable to Altria Group, Inc. | 3,014 | 4,119 |
| Noncontrolling interests | (4) | (1) |
| Total stockholders equity | 3,010 | 4,118 |
| Total Liabilities and Stockholders Equity | 34,475 | 34,859 |
| External Links | |
| ALTRIA GROUP, INC. (MO) Fiscal Year 2014 | |
| 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 |