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SEC Filings

8-K
ALTRIA GROUP, INC. filed this Form 8-K on 02/01/2018
Entire Document
 

Altria Group, Inc. and Subsidiaries
Notes to Consolidated Financial Statements
_________________________


Condensed Consolidating Statements of Cash Flows
(in millions of dollars)
_____________________________

for the year ended December 31, 2016
Altria
Group, Inc.

 
PM USA

 
Non-
Guarantor
Subsidiaries

 
Total
Consolidating
Adjustments

 
Consolidated

Cash Provided by Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities
$
4,356

 
$
5,138

 
$
319

 
$
(5,992
)
 
$
3,821

Cash Provided by (Used in) Investing Activities
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(45
)
 
(144
)
 

 
(189
)
Acquisition of assets

 

 
(45
)
 

 
(45
)
Proceeds from finance assets

 

 
231

 

 
231

Proceeds from AB InBev/SABMiller business combination
4,773

 

 

 

 
4,773

Purchase of AB InBev ordinary shares
(1,578
)
 

 

 

 
(1,578
)
Payment for derivative financial instrument
(3
)
 

 

 

 
(3
)
Proceeds from derivative financial instruments
510

 

 

 

 
510

Other

 

 
9

 

 
9

Net cash provided by (used in) investing activities
3,702

 
(45
)
 
51

 

 
3,708

Cash Provided by (Used in) Financing Activities
 
 
 
 
 
 
 
 
 
Long-term debt issued
1,976

 

 

 

 
1,976

Long-term debt repaid
(933
)
 

 

 

 
(933
)
Repurchases of common stock
(1,030
)
 

 

 

 
(1,030
)
Dividends paid on common stock
(4,512
)
 

 

 

 
(4,512
)
Changes in amounts due to/from Altria Group, Inc.
and subsidiaries
(530
)
 
(28
)
 
558

 

 

Premiums and fees related to early extinguishment of debt
(809
)
 

 

 

 
(809
)
Cash dividends paid to parent

 
(5,064
)
 
(928
)
 
5,992

 

Other
(12
)
 

 
(9
)
 

 
(21
)
Net cash used in financing activities
(5,850
)
 
(5,092
)
 
(379
)
 
5,992

 
(5,329
)
Cash and cash equivalents:
 
 
 
 
 
 
 
 
 
Increase (decrease)
2,208

 
1

 
(9
)
 

 
2,200

Balance at beginning of year
2,313

 

 
56

 

 
2,369

Balance at end of year
$
4,521

 
$
1

 
$
47

 
$

 
$
4,569




69