secwatch.observer — SEC 8-K summary
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Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000764180-22-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altria FY2021 net earnings down 44% to $2.48B; equity method losses of $5.98B
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- Net earnings $2.48B ($1.34 EPS) down 44% from $4.47B ($2.40 EPS) in 2020.
- Equity method investments recorded $5.98B loss, primarily from ABI and Cronos; no new JUUL impairment.
- Stockholders' equity deficit of $1.61B at Dec 31, 2021 vs positive $2.93B a year earlier, due to share buybacks and losses.
- Recorded $649M loss on early extinguishment of debt; total debt reduced to $28.0B from $29.5B.
- Dividend raised 3.5% to $3.52/share; $6.45B dividends paid; $1.68B in share repurchases during 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000076418022000010/0000764180-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000076418022000010/mo-20220127.htm
  HTML page:      https://secwatch.observer/filing/0000764180-22-000010

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