10-K/APeriod: FY2020

ALTRIA GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2020

Filed May 26, 2021For Securities:MO

Summary

Altria Group, Inc.'s 2020 10-K filing, amended and filed on May 25, 2021, details the company's financial performance and strategic positioning. While the provided excerpt is limited to the exhibits section, it indicates a comprehensive review of financial statements, including those from ABI (likely a subsidiary or related entity) incorporated by reference. Investors should note that this amendment likely addresses specific disclosures or reclassifications, and the full 10-K report (not fully provided here) would contain crucial details on revenue, profitability, debt, and strategic initiatives. The presence of multiple independent registered public accounting firm consents suggests a thorough audit process and potential complexities in financial reporting across different business segments or acquisitions.

Financial Highlights

52 data points
Beta

Revenue

$26.15B

49.8% Gross Margin

Net Income

$4.47B

17.1% Net Margin

EPS (Diluted)

$2.40

Total Assets

$47.41B

Cash & Equivalents

$5.01B

Free Cash Flow

$8.15B

Financial Statements
Beta
Revenue$26.15B
Cost of Revenue$7.82B
Gross Profit$13.02B
R&D Expenses$131.00M
Operating Income$10.87B
Interest Expense$1.22B
Net Income$4.47B
EPS (Basic)$2.40
EPS (Diluted)$2.40
Shares Outstanding (Basic)1.86B
Shares Outstanding (Diluted)1.86B

Key Highlights

  • 1The filing is an amendment to the 2020 10-K, suggesting updates or clarifications to previously filed information.
  • 2Incorporation by reference of ABI Financial Statements (Exhibit 99.4) implies significant operations or financial activity within this segment.
  • 3Consents from two independent registered public accounting firms (PwC and Deloitte) highlight the thoroughness of the audit process.
  • 4The focus on exhibits indicates potential changes in reporting or disclosure requirements.
  • 5Investors should consult the full 10-K for detailed financial performance metrics beyond the scope of this excerpt.

Frequently Asked Questions

An amendment to a 10-K filing (10-K/A) means that Altria Group has made corrections, additions, or changes to information previously reported in its original 10-K filing for the fiscal year 2020. Investors should carefully review the amended sections to understand the nature of these changes and their potential impact on the company's financial health and outlook.

The incorporation of ABI Financial Statements from Exhibit 99.4 suggests that ABI represents a significant business segment, subsidiary, or investment for Altria. Investors should look into the full 10-K report to understand ABI's contribution to Altria's overall revenue, profitability, assets, and liabilities, as well as any associated risks or strategic importance.

The inclusion of consents from both PwC and Deloitte suggests that these firms audited different parts of Altria's financial statements or related entities. This could be due to the complexity of Altria's business structure, including subsidiaries or joint ventures, each requiring independent audit oversight. It underscores a rigorous audit process.

This provided excerpt only covers Item 15 (Exhibits and Financial Statement Schedules) of the 10-K/A filing. To access the full financial statements, management's discussion and analysis, risk factors, and other critical disclosures for Altria Group's 2020 fiscal year, investors should refer to the complete 10-K/A filing available on the SEC's EDGAR database or Altria's investor relations website.