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 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 |
| 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 |