Summary
Altria Group, Inc. filed an amendment to its 2012 10-K on August 13, 2013, primarily to incorporate financial statements of SABMiller, in which Altria holds a significant stake. Investors should note that this filing is an amendment and not the original 10-K. The core business of Altria remains focused on tobacco products, including cigarettes, smokeless tobacco, and cigars, with its primary operating segments being U.S. Smokeless Tobacco Company, John Middleton Co., and Ste. Michelle Wine Estates. The incorporation of SABMiller's financials suggests a material impact or interest from this investment on Altria's consolidated results, though the specific details of this impact would be found within the referenced exhibits.
Financial Highlights
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Financial Statements
Beta
| Revenue | $24.62B |
| Cost of Revenue | $7.94B |
| Gross Profit | $9.56B |
| R&D Expenses | $136.00M |
| Operating Income | $7.25B |
| Interest Expense | $1.13B |
| Net Income | $4.18B |
| EPS (Basic) | $2.06 |
| EPS (Diluted) | $2.06 |
| Shares Outstanding (Basic) | 2.02B |
| Shares Outstanding (Diluted) | 2.02B |
Key Highlights
- 1The filing is an amendment (10-K/A) to the original 2012 10-K, filed on August 13, 2013.
- 2Key financial statements from SABMiller are incorporated by reference, indicating a significant relationship or investment.
- 3Altria's primary business segments include U.S. Smokeless Tobacco Company, John Middleton Co., and Ste. Michelle Wine Estates.
- 4The company operates within the tobacco industry, producing cigarettes, smokeless tobacco, and cigars.
- 5Exhibit 23.1, the Consent of Independent Accountants, is included as part of this amendment.
- 6The filing is primarily for disclosure purposes related to the SABMiller investment.
Frequently Asked Questions
The primary purpose of this amendment is to incorporate the financial statements of SABMiller, which are provided in Exhibits 99.4 and 99.5. This suggests a material interest or investment by Altria Group in SABMiller that requires consolidated financial reporting.
This amendment primarily focuses on incorporating SABMiller's financials. While it's an amendment to the 2012 10-K, detailed operational and financial performance for Altria's core segments like cigarettes, smokeless tobacco, and wine would have been in the original 10-K filing. Investors should refer to the original 10-K for a comprehensive overview of Altria's own business performance.
SABMiller is a globalized company with interests in the alcoholic beverages industry. Its financial statements are included because Altria Group has a significant investment in or relationship with SABMiller, necessitating their inclusion in Altria's consolidated filings for a complete financial picture.
This amendment is primarily for financial statement incorporation. Significant risks, legal matters, and other disclosures related to Altria's operations would have been detailed in the original 10-K filing. This amendment itself does not introduce new risk factors but rather supplements the financial reporting.