Attached files
| file | filename |
|---|---|
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A) - ALTRIA GROUP, INC. | exhibit311q32017.htm |
| EX-99.2 - TRIAL SCHEDULE FOR CERTAIN CASES - ALTRIA GROUP, INC. | exhibit992q32017.htm |
| EX-99.1 - CERTAIN LITIGATION MATTERS - ALTRIA GROUP, INC. | exhibit991q32017.htm |
| EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. 1350 - ALTRIA GROUP, INC. | exhibit322q32017.htm |
| EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. 1350 - ALTRIA GROUP, INC. | exhibit321q32017.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A) - ALTRIA GROUP, INC. | exhibit312q32017.htm |
| 10-Q - FORM 10-Q - ALTRIA GROUP, INC. | a2017form10qq32017.htm |
Exhibit 12 | ||||
Altria Group, Inc. and Subsidiaries | ||||
Computation of Ratios of Earnings to Fixed Charges | ||||
(in millions of dollars) | ||||
For the Nine Months Ended September 30, 2017 | ||||
Earnings before income taxes | $ | 7,645 | ||
Add (deduct): | ||||
Equity in net earnings of less than 50% owned affiliates | (335 | ) | ||
Dividends from less than 50% owned affiliates | 434 | |||
Fixed charges | 552 | |||
Earnings available for fixed charges | $ | 8,296 | ||
Fixed charges: | ||||
Interest incurred (1) | $ | 539 | ||
Portion of rent expense deemed to represent interest factor | 13 | |||
Fixed charges | $ | 552 | ||
Ratio of earnings to fixed charges | 15.0 | |||
(1) 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. | ||||
1
Altria Group, Inc. and Subsidiaries | |||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | |||||||||||||||||||
(in millions of dollars) | |||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings before income taxes | $ | 21,852 | $ | 8,078 | $ | 7,774 | $ | 6,942 | $ | 6,477 | |||||||||
Add (deduct): | |||||||||||||||||||
Equity in net earnings of less than 50% owned affiliates | (800 | ) | (755 | ) | (1,011 | ) | (993 | ) | (1,229 | ) | |||||||||
Dividends from less than 50% owned affiliates | 739 | 495 | 459 | 443 | 404 | ||||||||||||||
Fixed charges | 768 | 821 | 879 | 1,104 | 1,165 | ||||||||||||||
Interest capitalized, net of amortization | — | 14 | 6 | (7 | ) | (4 | ) | ||||||||||||
Earnings available for fixed charges | $ | 22,559 | $ | 8,653 | $ | 8,107 | $ | 7,489 | $ | 6,813 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest incurred (1) | $ | 750 | $ | 805 | $ | 861 | $ | 1,087 | $ | 1,148 | |||||||||
Portion of rent expense deemed to represent interest factor | 18 | 16 | 18 | 17 | 17 | ||||||||||||||
Fixed charges | $ | 768 | $ | 821 | $ | 879 | $ | 1,104 | $ | 1,165 | |||||||||
Ratio of earnings to fixed charges (2) | 29.4 | 10.5 | 9.2 | 6.8 | 5.8 | ||||||||||||||
(1) 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. | |||||||||||||||||||
(2) The ratio of earnings to fixed charges for the year ended December 31, 2016 includes the Gain on AB InBev/SABMiller business combination. Excluding this gain, the ratio of earnings to fixed charges would have been 11.3 for the year ended December 31, 2016. | |||||||||||||||||||
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