01—Abstract
Summary
Summary of the 10-Q/A filed August 26, 2010. Cited figures are marked; the original filing is the authoritative source.
This 10-Q filing from Altria Group, Inc. (MO), filed on August 25, 2010, covers the period ending June 29, 2010.
As this is an amendment, it primarily focuses on updating exhibits rather than presenting new financial performance data. Investors should note that significant financial results and operational details for the quarter would likely have been presented in the initial 10-Q filing for this period. Of particular note is the incorporation by reference of the 2010 Performance Incentive Plan, effective May 20, 2010.
This plan's details, as outlined in the company's definitive proxy statement, could have implications for executive compensation and shareholder value. Investors are encouraged to review the referenced proxy statement for a comprehensive understanding of the incentive structure. Other listed exhibits, such as the statement regarding computation of ratios of earnings to fixed charges, provide supporting financial information and compliance data.
02—Key points
Key Highlights
- The filing is an amendment to the 10-Q for the period ending June 29, 2010.
- The primary purpose of this amendment appears to be the updating and incorporation of exhibits.
- Exhibit 10.1 details the 2010 Performance Incentive Plan, effective May 20, 2010, referenced from the company's proxy statement.
- Investors should consult the referenced proxy statement for details on the 2010 Performance Incentive Plan.
- Exhibit 12 provides the statement regarding the computation of ratios of earnings to fixed charges.
- The filing does not appear to introduce new material financial performance figures for the quarter.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2010, Altria Group, Inc. kept $0.17.
- Revenue$6.27B100.0%
- Cost of revenue−$3.90B62.2%
- Gross profit$2.37B37.8%
- Operating costs−$845.0M13.5%
- Operating income$1.53B24.4%
- Interest, other & tax−$487.0M7.8%
- Net income$1.04B16.6%
04—Financials
Financial Highlights
Figures from 10-Q/AQ2 FY2010filed August 26, 2010Financial Statements
Q2 FY2010 against Q2 FY2009
| Line item | Q2 FY2010Q2 FY2009 | Change |
|---|---|---|
| Revenue | $6.27B$6.72B | −6.6% |
| Cost of Revenue | $1.97B$2.14B | −8.0% |
| Gross Profit | $2.37B$2.46B | −3.3% |
| Operating Income | $1.53B$1.68B | −8.8% |
| Net Income | $1.04B$1.01B | +3.2% |
| EPS (Basic) | $0.50$0.49 | +2.0% |
| EPS (Diluted) | $0.50$0.49 | +2.0% |
| Shares Outstanding (Basic) | 2.08B2K | +100581295.3% |
| Shares Outstanding (Diluted) | 2.08B2K | +100483225.3% |
05—Questions
Frequently Asked Questions
What is the main purpose of this 10-Q filing?
This filing is an amendment (10-Q/A) to Altria Group, Inc.'s quarterly report for the period ending June 29, 2010. Its primary focus is on updating and incorporating exhibits, rather than presenting new financial results or significant operational updates.
Where can I find details about the 2010 Performance Incentive Plan?
Details regarding the 2010 Performance Incentive Plan, effective May 20, 2010, are incorporated by reference to Exhibit A of Altria Group, Inc.'s definitive proxy statement filed on April 9, 2010.
Does this filing provide the company's financial performance for the quarter ending June 29, 2010?
This amendment primarily focuses on exhibits. While it references supporting financial data like the ratio of earnings to fixed charges, it does not appear to introduce new, detailed financial performance figures for the quarter. Investors should refer to the original 10-Q filing for the period to find the detailed financial results.
06—Continue