Summary
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.
Financial Highlights
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Financial Statements
Beta
| Revenue | $24.52B |
| Cost of Revenue | $7.79B |
| Gross Profit | $10.16B |
| R&D Expenses | $167.00M |
| Operating Income | $7.62B |
| Interest Expense | $857.00M |
| Net Income | $5.07B |
| EPS (Basic) | $2.56 |
| Shares Outstanding (Basic) | 1.98B |
Key Highlights
- 1Amendment to the 2014 Form 10-K, filed on July 1, 2015.
- 2Purpose: To include consolidated financial statements of foreign equity investee SABMiller plc.
- 3Requirement Fulfilled: SEC Regulation S-X Rule 3-09 for significant investees.
- 4SABMiller Financial Statements are for the years ended March 31, 2015, 2014, and 2013.
- 5No updates to Altria's primary financial results or disclosures are made in this amendment.
- 6The amendment should be read in conjunction with the original Form 10-K and subsequent filings.
Frequently Asked Questions
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.
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.
The SABMiller plc consolidated financial statements included in this amendment are for the years ended March 31, 2015, 2014, and 2013.
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.