01—Abstract
Summary
Summary of the 10-K/A filed June 1, 2022. Cited figures are marked; the original filing is the authoritative source.
Altria Group, Inc.'s 10-K/A filing from May 31, 2022, primarily serves as an amendment to its previously filed annual report for the period ending December 30, 2021.
This specific amendment references the incorporation of ABI Financial Statements and the auditor's report from PwC Bedrijfsrevisoren BV, located in Belgium, within Exhibit 99.3. This suggests that the core financial reporting and auditor's opinion for the period are contained within this referenced exhibit, rather than being fully detailed within this amendment itself. Investors should pay close attention to Exhibit 99.3 for a comprehensive understanding of Altria's 2021 financial performance and the independent audit findings.
The filing also includes Exhibit 23.1, a consent from the independent registered public accounting firm, PwC Bedrijfsrevisoren BV. This consent is a standard component of SEC filings, confirming the firm's approval for its report to be included in the filing. While this amendment doesn't introduce new material financial data directly, it ensures the completeness and proper referencing of audited financial statements and auditor opinions for the 2021 fiscal year.
02—Key points
Key Highlights
- The filing is an amendment (10-K/A) to the 2021 Annual Report, filed on May 31, 2022.
- Key financial statements and auditor's report for ABI are incorporated by reference from Exhibit 99.3.
- The independent auditor is PwC Bedrijfsrevisoren BV based in Diegem, Belgium.
- The filing includes the consent of the independent registered public accounting firm (Exhibit 23.1).
- This amendment appears to be procedural, ensuring the proper inclusion and referencing of audited financial information.
- No new primary financial data is presented directly within this amendment document.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2021, Altria Group, Inc. kept $0.10.
- Revenue$26.01B100.0%
- Cost of revenue−$12.02B46.2%
- Gross profit$13.99B53.8%
- Operating costs−$2.43B9.3%
- Operating income$11.56B44.4%
- Interest, other & tax−$9.09B34.9%
- Net income$2.48B9.5%
Where FY2021 revenue went
$26.01B- Interest, other & tax: $9.09B, 35% of revenue
- Other operating costs: $7.19B, 28% of revenue
- Cost of revenue: $7.12B, 27% of revenue
- Net income: $2.48B, 9.5% of revenue
- R&D: $145.0M, 0.6% of revenue
Kept 9.5% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2021filed June 1, 2022Financial Statements
FY2021 against FY2020
| Line item | FY2021FY2020 | Change |
|---|---|---|
| Revenue | $26.01B$26.15B | −0.5% |
| Cost of Revenue | $7.12B$7.82B | −8.9% |
| Gross Profit | $13.99B$13.02B | +7.4% |
| R&D Expenses | $145.00M$131.00M | +10.7% |
| Operating Income | $11.56B$10.87B | +6.3% |
| Interest Expense | $1.19B$1.22B | −2.9% |
| Net Income | $2.48B$4.47B | −44.6% |
| EPS (Basic) | $1.34$2.40 | −44.2% |
| EPS (Diluted) | $1.34$2.40 | −44.2% |
| Shares Outstanding (Basic) | 1.84B1.86B | −0.7% |
| Shares Outstanding (Diluted) | 1.84B1.86B | −0.8% |
05—Questions
Frequently Asked Questions
What is the main purpose of this 10-K/A filing?
This 10-K/A filing is an amendment to Altria Group's 2021 Annual Report. Its primary purpose seems to be the formal incorporation by reference of the ABI Financial Statements and the accompanying auditor's report from Exhibit 99.3, along with the auditor's consent, ensuring these critical documents are properly included as part of the company's SEC filings for the period.
Where can I find the detailed financial statements for Altria for the period ending December 30, 2021?
The detailed financial statements and the report from the independent registered public accounting firm (PwC Bedrijfsrevisoren BV) are incorporated by reference into this filing from Exhibit 99.3. Investors should refer to Exhibit 99.3 for a comprehensive review of Altria's 2021 financial performance and the auditor's opinion.
Is there any new financial information or significant business updates in this amendment?
Based on the provided text, this specific amendment (10-K/A) does not appear to introduce new primary financial data or significant business updates directly. It primarily focuses on referencing and including existing audited financial statements and auditor reports from a separate exhibit (Exhibit 99.3) and the auditor's consent.
Who is the auditor for Altria Group, Inc. and where are they located?
The independent registered public accounting firm for Altria Group, Inc. is PwC Bedrijfsrevisoren BV / Reviseurs d’Entreprises SRL, located in Diegem, Belgium. Their PCAOB ID is 1350.
06—Continue