10-K/APeriod: FY2023

ALTRIA GROUP, INC. Annual Report (Amendment), Year Ended Dec 31, 2023

Filed June 5, 2024For Securities:MO

Summary

Altria Group, Inc.'s 10-K/A filing on June 4, 2024, for the period ending December 30, 2023, primarily serves as an amendment. The key takeaway for investors from this filing is the incorporation by reference of the ABI Financial Statements and the independent auditor's report from PwC Bedrijfsrevisoren BV. These financial statements, detailed in Exhibit 99.3, provide the audited financial performance for Altria for the fiscal year 2023, reflecting the company's financial health and operational results. While this amendment doesn't introduce significant new operational details or strategic shifts, it formalizes the inclusion of these crucial financial disclosures. Investors should carefully review Exhibit 99.3 for comprehensive financial data, including revenue, profitability, balance sheet information, and cash flows, which are essential for evaluating the company's performance and investment potential. The filing also includes the consent of the independent registered public accounting firm, PwC Bedrijfsrevisoren BV, reinforcing the integrity of the financial reporting.

Financial Highlights

53 data points
Beta

Revenue

$24.48B

58.3% Gross Margin

Net Income

$8.13B

33.2% Net Margin

EPS (Diluted)

$4.57

Total Assets

$38.57B

Cash & Equivalents

$3.72B

Free Cash Flow

$9.09B

Financial Statements
Beta
Revenue$24.48B
Cost of Revenue$6.22B
Gross Profit$14.28B
R&D Expenses$220.00M
Operating Income$11.55B
Interest Expense$1.15B
Net Income$8.13B
EPS (Basic)$4.57
EPS (Diluted)$4.57
Shares Outstanding (Basic)1.78B
Shares Outstanding (Diluted)1.78B

Key Highlights

  • 1The filing is an amendment (10-K/A) to Altria Group's 2023 annual report.
  • 2Key financial statements and auditor's report for ABI are incorporated by reference from Exhibit 99.3.
  • 3The auditor's report is from PwC Bedrijfsrevisoren BV (PCAOB ID: 1350).
  • 4The amendment includes the consent of PwC Bedrijfsrevisoren BV, independent registered public accounting firm.
  • 5This filing primarily formalizes the inclusion of audited financial information rather than introducing new strategic or operational updates.
  • 6Investors are directed to Exhibit 99.3 for detailed financial performance of ABI for the period ending December 30, 2023.

Frequently Asked Questions

The primary purpose of this 10-K/A filing is to amend the previously filed annual report by incorporating by reference the ABI Financial Statements and the independent auditor's report found in Exhibit 99.3. It formally includes these crucial audited financial disclosures.

The audited financial results for ABI (part of Altria Group) for the period ending December 30, 2023, are incorporated by reference and can be found in Exhibit 99.3 of this 10-K/A filing.

Altria's financial statements were audited by PwC Bedrijfsrevisoren BV / Reviseurs d’Entreprises SRL, a registered public accounting firm with PCAOB ID: 1350.

This particular filing (10-K/A) is primarily focused on amending and incorporating financial statements. It does not appear to introduce significant new strategic information or operational updates beyond the inclusion of the audited financial data.