ALTRIA GROUP, INC.

Listed Company

MOCIK 0000764180NYSELarge AcceleratedCigarettesVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$23.28B

Net Income

$6.95B

Total Assets

—

Equity

—

Shares Out

1.67B

Op. Cash Flow

$9.29B

Business

ALTRIA GROUP, INC. operates a leading portfolio of tobacco businesses focused on serving adult tobacco consumers age 21+ and advancing a transition from combustible cigarettes to potentially less harmful alternatives. The company manufactures and sells cigarettes, machine-made large cigars, moist smokeless tobacco, oral nicotine pouches and e-vapor products, and provides sales, distribution and corporate support services. Its reportable segments include smokeable products and oral tobacco products, with an all-other category covering NJOY, Horizon, Helix International and R&D activities. Products are principally marketed and sold in the United States through wholesalers, distributors and large retail organizations, with select international activities via affiliates and joint ventures.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	23,279	24,018	24,483	25,096	26,013
Cost of sales	5,597	6,077	6,218	6,442	7,119
Excise taxes on products	3,140	3,574	3,981	4,408	4,902
Gross profit	14,542	14,367	14,284	14,246	13,992
Marketing, administration and research costs	2,507	2,737	2,737	2,327	2,432
Asset impairment and exit costs, net of cash paid	978	389	0	0	—
Impairment of goodwill	1,158	0	0	—	—
Operating income	9,899	11,241	11,547	11,919	11,560
Interest and other debt expense, net	1,079	1,037	989	1,058	—
Net periodic benefit income, excluding service cost	−59	−102	−127	−184	−202
(Income) losses from investments in equity securities	−510	−652	−243	3,656	5,979
Gain on the sale of IQOS System commercialization rights	0	−2,700	0	—	—
Earnings before income taxes	9,389	13,658	10,928	7,389	3,824
Provision for income taxes	2,442	2,394	2,798	1,625	1,349
Net earnings	6,947	11,264	8,130	5,764	2,475
Basic earnings per share attributable to Altria (in usd per share)	4.12	6.54	4.57	3.19	1.34
Diluted earnings per share attributable to Altria (in usd per share)	4.12	6.54	4.57	3.19	1.34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4,474	3,127	3,686	4,030	4,544
Receivables	263	177	71	48	47
Leaf tobacco	531	591	649	704	744
Other raw materials	245	190	204	186	166
Work in process	13	21	22	24	23
Finished product	281	278	340	266	261
Inventory, net	1,070	1,080	1,215	1,180	1,194
Other current assets	125	129	117	138	298
Total current assets	5,932	4,513	5,585	7,220	6,083
Land and land improvements	125	124	123	123	123
Buildings and building equipment	1,574	1,552	1,535	1,478	1,422
Machinery and equipment	2,653	2,662	2,684	2,578	2,652
Construction in progress	320	199	240	248	235
Property, plant and equipment, at cost	4,672	4,537	4,582	4,427	4,432
Less accumulated depreciation	2,962	2,920	2,930	2,819	2,879
Property, plant and equipment, net	1,710	1,617	1,652	1,608	1,553
Goodwill	5,787	6,945	6,791	5,177	5,177
Other intangible assets, net	11,876	12,973	13,686	12,384	12,306
Investments in equity securities	8,617	8,195	10,011	9,600	13,481
Other assets	1,095	934	845	965	923
Total Assets	35,017	35,177	38,570	36,954	39,523
Current portion of long-term debt	1,569	1,527	1,121	1,556	1,105
Accounts payable	750	700	582	552	449
Marketing	928	688	716	599	664
Settlement charges	2,178	2,354	2,563	2,925	3,349
Other	1,947	1,780	1,902	1,299	1,365
Dividends payable	1,782	1,732	1,735	1,685	1,647
Total current liabilities	9,154	8,781	11,319	8,616	8,579
Long-term debt	24,140	23,399	25,112	25,124	26,939
Deferred income taxes	3,370	3,749	2,799	2,897	3,692
Accrued pension costs	122	136	130	133	200
Accrued postretirement health care costs	939	935	1,079	1,083	1,436
Other liabilities	744	365	1,621	324	283
Total liabilities	38,469	37,365	42,060	40,877	41,129
Contingencies (Note 17)	—	—	—	—	—
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)	935	935	935	935	935
Additional paid-in capital	5,921	5,905	5,906	5,887	5,857
Earnings reinvested in the business	35,452	35,516	31,094	29,792	30,664
Accumulated other comprehensive losses	−2,627	−2,400	−2,673	−2,771	−3,056
Cost of repurchased stock (1,131,643,020 shares at December 31, 2025 and 1,115,309,450 shares at December 31, 2024)	−43,183	−42,194	−38,802	−37,816	−36,006
Total stockholders equity (deficit) attributable to Altria	−3,502	−2,238	−3,540	−3,973	−1,606
Noncontrolling interest	50	50	50	50	0
Total stockholders equity (deficit)	−3,452	−2,188	−3,490	−3,923	−1,606
Total Liabilities and Stockholders Equity (Deficit)	35,017	35,177	38,570	36,954	39,523

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	266	286	272	226	244
Deferred income tax provision (benefit)	−316	951	−230	−947	−1,160
Unrecognized tax benefit	303	−1,128	1,111	16	−21
Fair value adjustment for NJOY Transaction contingent payments, net of cash paid	25	0	0	—	—
Dividends from ABI	208	139	163	104	119
Asset impairment and exit costs, net of cash paid	960	389	0	—	—
Receivables	−86	−106	6	−21	−18
Inventories	−27	102	−15	14	57
Accounts payable	34	116	38	92	163
Income taxes	690	798	6	−118	−149
Accrued liabilities and other current assets	−359	−550	280	−129	165
Accrued settlement charges	−176	−209	−362	−424	−215
Pension plan contributions	−16	−18	−20	−20	−26
Pension and postretirement, net	−78	−107	−136	−156	−175
Other, net	267	178	287	199	170
Net cash provided by (used in) operating activities	9,290	8,753	9,287	8,256	8,405
Capital expenditures	−216	−142	−196	−205	−169
Proceeds from the ABI Transaction	0	2,353	0	0	—
Proceeds from the sale of IQOS System commercialization rights	0	0	1,700	1,000	0
Acquisition of NJOY, net of cash acquired	0	0	−2,751	0	0
Other, net	−125	−36	−36	−13	205
Net cash provided by (used in) investing activities	−341	2,175	−1,283	782	1,212
Proceeds from short-term borrowings	0	0	2,000	0	0
Repayment of short-term borrowings	0	0	−2,000	0	0
Long-term debt issued	1,992	0	998	0	5,472
Long-term debt repaid	−1,607	−1,121	−1,566	−1,105	−6,542
Repurchases of common stock	−1,000	−3,400	−1,000	−1,825	−1,675
Dividends paid on common stock	−6,960	−6,845	−6,779	−6,599	−6,446
Other, net	−40	−125	−27	−12	−215
Net cash provided by (used in) financing activities	−7,615	−11,491	−8,374	−9,541	−10,029
Increase (decrease)	1,334	−563	−370	−503	−412
Cash paid: Interest	1,114	1,113	1,116	1,119	1,189
Cash Paid: Income taxes	1,695	1,709	1,874	—	—

Filings

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