What is the primary purpose of this 10-K Amendment?

The primary purpose of this amendment is to incorporate by reference the financial statements of Anheuser-Busch InBev (AB InBev) into Altria's filing. This is typically done when an investment in another company is material and its financial statements are required for a complete understanding of the reporting entity's financial position and performance.

Does this amendment provide new financial results for Altria Group?

No, this amendment does not provide new or updated financial results for Altria Group itself. It focuses on incorporating external financial statements and related disclosures, rather than presenting Altria's operational performance for the period.

What is the significance of incorporating AB InBev's financial statements?

Incorporating AB InBev's financial statements is significant because Altria holds a material investment in AB InBev. This allows investors to see the financial health and performance of that significant investment as part of Altria's overall financial picture, as required by accounting standards.

Where can I find the actual financial performance data for Altria for the 2018 fiscal year?

You should refer to the original 10-K filing for Altria Group, Inc. for the fiscal year ended December 30, 2018. This amendment supplements that filing with specific exhibit information but does not replace the core financial statements and management discussion and analysis presented in the original report.

MO 10-K FY2018 Annual Report — Revenue, Net Income, EPS

Summary

Altria Group, Inc. (MO) filed an amendment to its 2018 10-K on May 28, 2019, primarily concerning the incorporation by reference of AB InBev Financial Statements. While this filing doesn't present new financial data for Altria itself, it signals significant ongoing involvement and financial connections with Anheuser-Busch InBev. Investors should note that this amendment focuses on exhibit disclosures and does not alter the core financial performance or strategic outlook presented in the original 10-K. The AB InBev financial information incorporated by reference is crucial for understanding the consolidated financial position and performance where Altria's investment in AB InBev is a material component.

Financial Highlights

53 data points

Beta

Revenue

$25.36B

0.5% Gross Margin

Net Income

$6.96B

0.3% Net Margin

EPS (Diluted)

$3.68

Total Assets

$55.46B

Cash & Equivalents

$1.33B

Free Cash Flow

$8.15B

Financial Statements

Beta

Revenue	$25.36B
Cost of Revenue	$7.37B
Gross Profit	$12.25B
R&D Expenses	$252.00M
Operating Income	$9.12B
Interest Expense	$697.00M
Net Income	$6.96B
EPS (Basic)	$3.69
EPS (Diluted)	$3.68
Shares Outstanding (Basic)	1.89B
Shares Outstanding (Diluted)	1.89B

Key Highlights

1The filing is an amendment to the 2018 10-K, not a new financial report, and does not present updated financial statements for Altria.
2Key information is incorporated by reference from AB InBev's financial statements (Exhibit 99.4), underscoring the material investment Altria holds in the beverage giant.
3The amendment includes updated consents from independent auditors (Deloitte Bedrijfsrevisoren / Reviseurs d’Entreprises CVBA/ SCRL), confirming audit procedures related to the incorporated financial data.
4This filing highlights the interconnectedness of Altria's financial reporting with its significant equity investments.
5Investors should refer to the original 2018 10-K and the referenced AB InBev filings for a comprehensive understanding of Altria's financial performance and position.

ALTRIA GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2018

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions