8-KOther Events

ALTRIA GROUP, INC. 8-K Report (Jan 31, 2001)

Filed January 31, 2001For Securities:MO

Summary

This Form 8-K filing by Philip Morris Companies Inc. (the predecessor to Altria Group, Inc.) on January 31, 2001, primarily serves to report the company's consolidated financial statements for the years ended December 31, 2000 and 1999. These include the balance sheets, statements of earnings, stockholders' equity, and cash flows. The filing also incorporates the independent accountants' report and a statement regarding the computation of earnings to fixed charges ratios. For investors, this report provides a snapshot of the company's financial health and performance leading up to the end of the millennium. The inclusion of these detailed financial statements, which will be incorporated into the company's annual 10-K filing, is crucial for understanding the company's financial position, profitability, and cash generation capabilities. Investors should pay close attention to trends in revenue, earnings, and cash flow, as well as the company's debt levels and equity structure as detailed in the balance sheets.

Key Highlights

  • 1Filing of consolidated financial statements for Philip Morris Companies Inc. for the years ended December 31, 2000 and 1999.
  • 2Statements include consolidated balance sheets, statements of earnings, stockholders' equity, and cash flows.
  • 3Includes the independent accountants' report on the financial statements.
  • 4Also includes a statement regarding the computation of ratios of earnings to fixed charges.
  • 5These financial statements are intended to be incorporated by reference into the company's Annual Report on Form 10-K for the year ended December 31, 2000.
  • 6The report was signed by Louis C. Camilleri, Senior Vice President and Chief Financial Officer.
  • 7The filing date is January 31, 2001, with the earliest event reported being January 31, 2001.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose the consolidated financial statements of Philip Morris Companies Inc. (the predecessor to Altria Group, Inc.) for the fiscal years ending December 31, 2000, and December 31, 1999, along with the independent auditors' report and a statement on earnings to fixed charges ratios. These documents are being filed in advance of or to be incorporated into their annual 10-K report.

Investors can find detailed consolidated financial information including balance sheets (showing assets, liabilities, and equity), statements of earnings (detailing revenues, expenses, and net income), statements of stockholders' equity, and statements of cash flows (outlining cash generated from operating, investing, and financing activities) for the years 2000 and 1999.

Companies often file significant financial information, such as year-end audited financial statements, via an 8-K to ensure timely disclosure. In this case, these statements are also designated to be incorporated into the company's formal Annual Report on Form 10-K, providing investors with access to key financial data sooner.

The report was signed by Louis C. Camilleri, who held the title of Senior Vice President and Chief Financial Officer at Philip Morris Companies Inc. at the time of the filing.