01—Abstract
Summary
Summary of the 10-Q/A filed August 4, 2009. Cited figures are marked; the original filing is the authoritative source.
Altria Group, Inc. (MO) filed an amended 10-Q for the period ending June 29, 2009, primarily providing updated exhibit information rather than new financial performance data.
Investors should note the filing of a Consent and Waiver related to their 5-Year Revolving Credit Agreement. This amendment signals ongoing adjustments and compliance with their financing arrangements, which is a critical aspect for companies managing debt and liquidity, especially during periods of economic uncertainty. While this filing doesn't contain specific quarterly results, the inclusion of consent and waiver documents highlights the dynamic nature of corporate finance and debt management.
Investors looking at Altria's financial health should pay close attention to such disclosures as they can indicate potential changes in loan covenants, interest rates, or other terms that could impact the company's cost of capital and financial flexibility. The other exhibits listed pertain to employee benefit plans and computational statements, which are standard disclosures.
02—Key points
Key Highlights
- Filing is an amendment to the 10-Q, primarily containing updated exhibit information.
- Key exhibit filed is a Consent and Waiver dated June 25, 2009, related to the 5-Year Revolving Credit Agreement.
- The credit agreement involves multiple major financial institutions as Administrative Agents, Syndication Agents, and Arrangers.
- Other exhibits include amendments to Long-Term Disability and Survivor Income Benefit Equalization Plans.
- A statement regarding the computation of earnings to fixed charges is also included as an exhibit.
- The filing does not appear to disclose significant new financial performance metrics for the period ending June 29, 2009.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2009, Altria Group, Inc. kept $0.15.
- Revenue$6.72B100.0%
- Cost of revenue−$4.26B63.4%
- Gross profit$2.46B36.6%
- Operating costs−$779.0M11.6%
- Operating income$1.68B25.0%
- Interest, other & tax−$667.0M9.9%
- Net income$1.01B15.0%
04—Financials
Financial Highlights
Figures from 10-Q/AQ2 FY2009filed August 4, 2009Financial Statements
Q2 FY2009 against Q2 FY2008
| Line item | Q2 FY2009Q2 FY2008 | Change |
|---|---|---|
| Revenue | $6.72B$5.05B | +32.9% |
| Cost of Revenue | $2.14B$2.17B | −1.4% |
| Gross Profit | $2.46B$2.01B | +22.1% |
| Operating Income | $1.68B$1.34B | +25.0% |
| Net Income | $1.01B$930.00M | +8.6% |
| EPS (Basic) | $0.49$0.45 | +8.9% |
| EPS (Diluted) | $0.49$0.45 | +8.9% |
| Shares Outstanding (Basic) | 2K— | — |
| Shares Outstanding (Diluted) | 2K— | — |
05—Questions
Frequently Asked Questions
What is the main purpose of this 10-Q/A filing?
This filing is an amendment to Altria Group's quarterly report. Its primary purpose is to provide updated or newly added exhibits, rather than to present new financial performance data for the quarter.
What is the significance of the Consent and Waiver related to the Revolving Credit Agreement?
The Consent and Waiver document suggests that there have been changes or modifications to the terms of Altria's existing credit facility. Such documents are important for investors as they can impact the company's debt obligations, covenants, interest rates, or other financial flexibility.
Are there any new financial results or performance indicators in this filing?
Based on the provided exhibit list, this amended filing does not appear to contain specific new financial results or key performance indicators for the quarter ending June 29, 2009. The focus is on updated documentation.
What are the other listed exhibits and their relevance?
The other exhibits include updated employee benefit plans (Long-Term Disability and Survivor Income Benefit Equalization Plans) and a statement on the computation of earnings to fixed charges. These are standard disclosures that provide context on employee compensation structures and the company's ability to cover its fixed obligations.
06—Continue