01—Abstract
Summary
Summary of the 10-K/A filed July 1, 2015. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Altria Group, Inc.'s 2014 Annual Report (10-K), specifically addressing Item 15.
The primary purpose of this amendment is to include the consolidated financial statements of its significant foreign equity investee, SABMiller plc, as required by SEC Regulation S-X Rule 3-09. These statements cover the years ended March 31, 2015, 2014, and 2013.
Investors should note that this amendment does not update Altria's core financial performance or disclosures from the original 10-K filed on February 25, 2015, nor does it reflect events occurring after that date. Its focus is purely on the supplemental financial information related to SABMiller.
02—Key points
Key Highlights
- Amendment to the 2014 Form 10-K, filed on July 1, 2015.
- Purpose: To include consolidated financial statements of foreign equity investee SABMiller plc.
- Requirement Fulfilled: SEC Regulation S-X Rule 3-09 for significant investees.
- SABMiller Financial Statements are for the years ended March 31, 2015, 2014, and 2013.
- No updates to Altria's primary financial results or disclosures are made in this amendment.
- The amendment should be read in conjunction with the original Form 10-K and subsequent filings.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2014, Altria Group, Inc. kept $0.21.
- Revenue$24.52B100.0%
- Cost of revenue−$14.36B58.6%
- Gross profit$10.16B41.4%
- Operating costs−$2.54B10.4%
- Operating income$7.62B31.1%
- Interest, other & tax−$2.55B10.4%
- Net income$5.07B20.7%
Where FY2014 revenue went
$24.52B- Other operating costs: $8.95B, 36% of revenue
- Cost of revenue: $7.79B, 32% of revenue
- Net income: $5.07B, 21% of revenue
- R&D: $167.0M, 0.7% of revenue
- Interest, other & tax: $2.55B, 10% of revenue
Kept 21% as net incomeR&D $167.0M · 0.7%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2014filed July 1, 2015Financial Statements
FY2014 against FY2013
| Line item | FY2014FY2013 | Change |
|---|---|---|
| Revenue | $24.52B$24.47B | +0.2% |
| Cost of Revenue | $7.79B$7.21B | +8.0% |
| Gross Profit | $10.16B$10.46B | −2.8% |
| R&D Expenses | $167.00M$153.00M | +9.2% |
| Operating Income | $7.62B$8.08B | −5.7% |
| Interest Expense | $857.00M$1.05B | −18.6% |
| Net Income | $5.07B$4.54B | +11.8% |
| EPS (Basic) | $2.56$2.26 | +13.3% |
| Shares Outstanding (Basic) | 1.98B2.00B | −1.1% |
05—Questions
Frequently Asked Questions
What is the main purpose of this filing (Form 10-K/A Amendment No. 1)?
The main purpose of this filing is to amend the original Form 10-K for the year ended December 31, 2014, by including the consolidated financial statements of Altria's significant foreign equity investee, SABMiller plc, as required by SEC Rule 3-09.
Does this amendment change Altria's financial results for 2014?
No, this amendment does not modify or update Altria Group, Inc.'s consolidated financial position, results of operations, or cash flows for 2014. It solely adds supplemental financial information for SABMiller plc.
What periods do the included SABMiller financial statements cover?
The SABMiller plc consolidated financial statements included in this amendment are for the years ended March 31, 2015, 2014, and 2013.
What is Rule 3-09 of SEC Regulation S-X?
Rule 3-09 of SEC Regulation S-X generally requires registrants to include the financial statements of a significant foreign equity investee if certain thresholds are met. This amendment indicates that SABMiller plc met these significance criteria for Altria.
06—Continue