Summary
Altria Group, Inc.'s 2019 10-K filing, amended and filed on May 18, 2020, provides a look into the company's performance and strategic direction. While the provided excerpt focuses on the exhibit list and financial statement references, it indicates that the core financial statements, including those for ABI (likely a subsidiary or related entity), are incorporated by reference. Investors should note that a full review of the 10-K, especially the consolidated financial statements and Management's Discussion and Analysis, is crucial for a comprehensive understanding of Altria's financial health, operational performance, and future outlook, particularly given the dynamic regulatory and market environment for tobacco and related products.
Financial Highlights
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Financial Statements
Beta
| Revenue | $25.11B |
| Cost of Revenue | $7.08B |
| Gross Profit | $12.71B |
| R&D Expenses | $168.00M |
| Operating Income | $10.33B |
| Interest Expense | $1.32B |
| Net Income | -$1.29B |
| EPS (Basic) | $-0.70 |
| EPS (Diluted) | $-0.70 |
| Shares Outstanding (Basic) | 1.87B |
| Shares Outstanding (Diluted) | 1.87B |
Key Highlights
- 1The filing incorporates by reference the ABI Financial Statements, suggesting a significant segment or subsidiary requiring separate financial reporting.
- 2The document is an amendment (10-K/A), which typically means corrections or additions to previously filed information.
- 3Exhibit 23.1 and 23.2 contain consents from independent registered public accounting firms (PwC and Deloitte), signifying their involvement in auditing specific financial statements.
- 4The period ending date is December 30, 2019, reflecting the company's fiscal year-end performance.
- 5This excerpt primarily details the exhibits filed with the amendment, rather than providing direct operational or financial metrics.
Frequently Asked Questions
The incorporation of ABI Financial Statements suggests that ABI is a material segment or subsidiary whose financial performance is significant to Altria Group's overall results. Investors should look for the specific pages referenced in Exhibit 99.4 to analyze ABI's contribution and financial standing.
An amended filing (10-K/A) indicates that Altria is correcting or adding information to its previously submitted annual report. Investors should pay close attention to the specific reasons for the amendment, which are usually detailed within the filing itself, to understand any changes to previously reported data or disclosures.
The consents from PwC and Deloitte confirm that these firms have agreed to the use of their audit reports and opinions within Altria's SEC filings. This is a standard regulatory requirement and reassures investors about the independent verification of the financial statements.
This excerpt is limited to the exhibit list. For a comprehensive view of Altria's financial performance, investors need to access the full 10-K filing for the period ending December 30, 2019, paying particular attention to Part II, which contains the financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations.