Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ALTRIA GROUP, INC. | form8-k2012fs.htm |
| EX-99.2 - REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING - ALTRIA GROUP, INC. | exhibit9928-kreportofmanag.htm |
| EX-99.5 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - VALUATION - ALTRIA GROUP, INC. | exhibit995-auditoropinionx.htm |
| EX-99.4 - FINANCIAL STATEMENT SCHEDULE - VALUATION AND QUALIFYING ACCOUNTS - ALTRIA GROUP, INC. | exhibit994valuationqualify.htm |
| EX-99.1 - FINANCIAL STATEMENTS - ALTRIA GROUP, INC. | exhibit991altria8-kfinanci.htm |
| EX-99.3 - REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ALTRIA GROUP, INC. | exhibit9938-kreportofindep.htm |
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ALTRIA GROUP, INC. | exhibit23consentofindepend.htm |
Exhibit 12 | ||||||||||||||||||||
Altria Group, Inc. and Subsidiaries | ||||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | ||||||||||||||||||||
(in millions of dollars) | ||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
Earnings from continuing operations before income taxes | $ | 6,477 | $ | 5,582 | $ | 5,723 | $ | 4,877 | $ | 4,789 | ||||||||||
Add (deduct): | ||||||||||||||||||||
Equity in net earnings of less than 50% owned affiliates | (1,229 | ) | (741 | ) | (631 | ) | (601 | ) | (471 | ) | ||||||||||
Dividends from less than 50% owned affiliates | 404 | 374 | 303 | 254 | 249 | |||||||||||||||
Fixed charges | 1,165 | 1,254 | 1,152 | 1,249 | 529 | |||||||||||||||
Interest capitalized, net of amortization | (4 | ) | (2 | ) | 26 | 5 | (9 | ) | ||||||||||||
Earnings available for fixed charges | $ | 6,813 | $ | 6,467 | $ | 6,573 | $ | 5,784 | $ | 5,087 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest incurred: (a) | ||||||||||||||||||||
Consumer products | $ | 1,148 | $ | 1,233 | $ | 1,133 | $ | 1,210 | $ | 451 | ||||||||||
Financial services | — | — | — | 20 | 38 | |||||||||||||||
1,148 | 1,233 | 1,133 | 1,230 | 489 | ||||||||||||||||
Portion of rent expense deemed to represent interest factor | 17 | 21 | 19 | 19 | 40 | |||||||||||||||
Fixed charges | $ | 1,165 | $ | 1,254 | $ | 1,152 | $ | 1,249 | $ | 529 | ||||||||||
Ratio of earnings to fixed charges | 5.8 | 5.2 | 5.7 | 4.6 | 9.6 | (b) | ||||||||||||||
(a) Altria Group, Inc. includes interest relating to uncertain tax positions in its provision for income taxes, therefore such amounts are not included in fixed charges in the computation. | ||||||||||||||||||||
(b) Computation includes interest incurred and the portion of rent expense deemed to represent the interest factor from the discontinued operations of Philip Morris International Inc. in fixed charges. Excluding these amounts from fixed charges, the ratio of earnings to fixed charges from continuing operations would have been 12.5 for the year ended December 31, 2008. | ||||||||||||||||||||