10-K/APeriod: FY2016

ALTRIA GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2016

Filed June 15, 2017For Securities:MO

Summary

Altria Group, Inc. (MO) filed its 2016 Annual Report Amendment on June 14, 2017. This filing primarily serves to incorporate by reference the AB InBev Financial Statements (Exhibit 99.4) and includes consents from various independent registered public accounting firms, indicating necessary audit disclosures and regulatory compliance. While the excerpt doesn't detail operational performance or strategic initiatives, investors should note the inclusion of AB InBev's financials, suggesting a significant relationship or investment that impacts Altria's reporting. The consents from multiple auditing firms highlight the complexity of Altria's financial structure and its adherence to auditing standards across its various entities or investments. Investors should interpret this amendment as a procedural update confirming the integration of specific financial data and the satisfaction of auditing requirements. For a comprehensive understanding of Altria's 2016 performance, profitability, and future outlook, a review of the full 10-K filing, including the incorporated AB InBev financial statements and the company's Management's Discussion and Analysis of Financial Condition and Results of Operations, is essential. This particular excerpt focuses on the administrative and compliance aspects of the filing rather than direct financial performance metrics.

Financial Highlights

53 data points
Beta

Revenue

$25.74B

45.0% Gross Margin

Net Income

$14.24B

55.3% Net Margin

EPS (Diluted)

$7.28

Total Assets

$45.93B

Cash & Equivalents

$4.57B

Free Cash Flow

$3.64B

Financial Statements
Beta
Revenue$25.74B
Cost of Revenue$7.75B
Gross Profit$11.57B
R&D Expenses$203.00M
Operating Income$8.76B
Interest Expense$754.00M
Net Income$14.24B
EPS (Basic)$7.28
EPS (Diluted)$7.28
Shares Outstanding (Basic)1.95B
Shares Outstanding (Diluted)1.95B

Key Highlights

  • 1The filing is an amendment to the 2016 10-K report for Altria Group, Inc. (MO), filed on June 14, 2017.
  • 2Key financial statements from AB InBev are incorporated by reference via Exhibit 99.4.
  • 3The amendment includes consents from multiple independent registered public accounting firms, such as Deloitte and PricewaterhouseCoopers.
  • 4These consents are necessary for regulatory compliance and attest to audit procedures performed on financial statements.
  • 5The filing indicates adherence to SEC disclosure requirements for consolidated entities or significant investments.
  • 6This amendment appears to be primarily procedural, focusing on the inclusion of specific financial data and audit documentation.

Frequently Asked Questions

The primary purpose of this 10-K Amendment is to incorporate by reference the AB InBev Financial Statements (Exhibit 99.4) and to file consents from independent registered public accounting firms. This suggests it's a procedural update to ensure the annual report is complete and compliant with regulatory requirements regarding disclosures and audits.

The inclusion of AB InBev's financial statements indicates a significant relationship between Altria and AB InBev, likely an investment or strategic partnership. These financials are deemed material for investors to understand Altria's overall financial position and performance, and they are being incorporated by reference into Altria's 10-K filing.

The consents from auditing firms like Deloitte and PricewaterhouseCoopers are standard filings that acknowledge their role as independent auditors. They confirm that these firms have complied with the SEC's regulations and standards regarding their audit work on the financial statements being filed, providing assurance to investors about the integrity of the financial reporting.

This particular excerpt from the 10-K amendment does not provide detailed operational or financial performance metrics for Altria Group. It focuses on exhibit filings and audit-related documentation. For detailed financial and operational insights, investors would need to review the full 10-K report, including the Management's Discussion and Analysis and the incorporated AB InBev financial statements.