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| 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.