8-KOther Events

ALTRIA GROUP, INC. 8-K Report (Jan 30, 2002)

Filed January 30, 2002For Securities:MO

Summary

Philip Morris Companies Inc. (now Altria Group, Inc.) filed an 8-K report on January 30, 2002, to include its consolidated financial statements for the fiscal years ending December 31, 2001, 2000, and 1999. This filing incorporates by reference the company's comprehensive audited financial data into its upcoming annual report (Form 10-K), providing investors with detailed balance sheets, statements of earnings, stockholders' equity, and cash flows for the period. These financial statements are crucial for investors seeking to assess the company's financial health, performance trends, and operational efficiency. The inclusion of the independent accountants' report offers an external validation of the financial data's accuracy and adherence to accounting principles. Investors should review these statements carefully to understand revenue generation, profitability, asset management, and cash flow dynamics of Philip Morris Companies Inc. as of the end of 2001.

Key Highlights

  • 1The filing includes the consolidated financial statements for Philip Morris Companies Inc. (now Altria Group, Inc.) for the fiscal years ended December 31, 2001, 2000, and 1999.
  • 2The financial statements consist of consolidated balance sheets, statements of earnings, stockholders' equity, and cash flows.
  • 3These financial statements are being incorporated by reference into the company's Annual Report on Form 10-K for the year ended December 31, 2001.
  • 4An independent accountants' report on the financial statements is included, providing assurance on the accuracy of the reported figures.
  • 5A statement regarding the computation of ratios of earnings to fixed charges is also part of the filing.
  • 6The filing confirms the company's legal name and jurisdiction of incorporation (Virginia) and its IRS Employer Identification Number.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with the consolidated financial statements of Philip Morris Companies Inc. for the fiscal years ending December 31, 2001, 2000, and 1999, along with the independent accountants' report and a statement on earnings to fixed charges. These documents will be incorporated into the company's annual report (10-K).

The financial statements cover the consolidated financial position of the company as of December 31, 2001 and 2000, and the related consolidated statements of earnings, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2001.

These financial statements are vital for investors to evaluate the company's financial performance, stability, and operational results. They provide insights into the company's revenues, profits, assets, liabilities, and cash generation capabilities over the specified periods, enabling informed investment decisions.

The independent accountants' report signifies that a third-party accounting firm has audited the financial statements and has provided an opinion on whether the statements are presented fairly, in all material respects, in accordance with Generally Accepted Accounting Principles (GAAP). This report adds credibility to the financial information.