10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
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) |
| 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 |