Summary
Altria Group, Inc. (MO) filed an amendment to its 2022 10-K on May 31, 2023, primarily to incorporate financial statements and auditor reports for its Belgian subsidiary, ABI. This filing does not appear to introduce significant new operational or financial information regarding the parent company for the 2022 fiscal year beyond what was likely presented in the original 10-K. Investors should note that the core financial performance and strategic direction for Altria remain detailed in the original 10-K filing, with this amendment serving a specific administrative purpose related to its international operations. For investors, the key takeaway is to refer to the original 10-K for a comprehensive understanding of Altria's 2022 performance, including its tobacco segments (Marlboro, Black & Mild), and its investments in reduced-risk products and other ventures. The amendment's focus on ABI suggests a need for compliance and transparency regarding its European financial reporting, rather than a material shift in Altria's overall financial health or strategic outlook.
Financial Highlights
53 data points| Revenue | $25.10B |
| Cost of Revenue | $6.44B |
| Gross Profit | $14.25B |
| R&D Expenses | $162.00M |
| Operating Income | $11.92B |
| Interest Expense | $1.13B |
| Net Income | $5.76B |
| EPS (Basic) | $3.19 |
| EPS (Diluted) | $3.19 |
| Shares Outstanding (Basic) | 1.80B |
| Shares Outstanding (Diluted) | 1.80B |
Key Highlights
- 1The filing is an amendment (10-K/A) to the 2022 Annual Report, filed on May 31, 2023.
- 2The primary purpose of the amendment is to incorporate the ABI (Altria's Belgian subsidiary) financial statements and auditor's report.
- 3Exhibit 99.3 contains the ABI Financial Statements and the report from PwC Bedrijfsrevisoren BV.
- 4The amendment includes the consent of PwC Bedrijfsrevisoren BV as an independent registered public accounting firm.
- 5This filing appears to be administrative in nature, rather than introducing new material financial information about the parent company for fiscal year 2022.
- 6Investors should consult the original 10-K filing for a complete understanding of Altria Group's overall financial performance and strategic initiatives for 2022.