← ALTRIA GROUP, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings (losses) $14.2b $10.2b $7.0b ($1.3b) $4.5b $2.5b $5.8b $8.1b $11.3b $6.9b —
Net Income (Loss) Attributable to Parent $14.2b
$10.2b -28.21%
$7.0b -31.88%
($1.3b) -118.57%
$4.5b +445.48%
$2.5b -44.59%
$5.8b +132.89%
$8.1b +41.05%
$11.3b +38.55%
$6.9b -38.33%
—
Net Income (Loss) Available to Common Stockholders, Basic — — — — — $2.5b
$5.8b +133.40%
$8.1b +41.07%
$11.2b +38.49%
$6.9b -38.35%
—
Net Income (Loss) Attributable to Noncontrolling Interest $5.0m $5.0m $4.0m ($5.0m) ($13.0m) $0 $0 — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $14.2b $10.2b $7.0b ($1.3b) $4.5b $2.5b $5.8b $8.1b $11.3b $6.9b —
Amortization of Intangible Assets $21.0m $21.0m $38.0m $44.0m $72.0m $72.0m $73.0m $128.0m $139.0m $132.0m —
Depreciation $183.0m $188.0m $189.0m $182.0m $185.0m $172.0m $153.0m $144.0m $147.0m $134.0m $134.0m
Depreciation, Depletion and Amortization $204.0m $209.0m $227.0m $226.0m $257.0m $244.0m $226.0m $272.0m $286.0m $266.0m $236.0m
Deferred Income Tax Expense (Benefit) $3.1b ($3.1b) ($57.0m) ($95.0m) ($164.0m) ($1.2b) ($947.0m) ($230.0m) $951.0m ($316.0m) ($13.0m)
Asset impairment and exit costs, net of cash paid $106.0m ($38.0m) $354.0m $41.0m ($51.0m) — — $0 $389.0m $960.0m —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — $8.6b $2.6b $0 $0 — — — —
Goodwill and Intangible Asset Impairment $0 $0 — — — — — — — — —
Goodwill, Impairment Loss — — $111.0m $74.0m $0 $0 $0 $0 $0 $1.2b $1.3b
Impairment of Intangible Assets (Excluding Goodwill) — — $44.0m — — — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — $0 — — —
Impairment of goodwill — — — — — — — $0 $0 $1.2b —
Income (Loss) from Equity Method Investments $795.0m $532.0m $890.0m $1.7b ($211.0m) ($6.0b) ($2.2b) $493.0m $652.0m $510.0m —
Changes in operating assets and liabilities:
Receivables ($27.0m) $10.0m $0 ($8.0m) $20.0m ($18.0m) ($21.0m) $6.0m ($106.0m) ($86.0m) ($67.0m)
Increase (Decrease) in Inventories $34.0m $171.0m $129.0m ($42.0m) ($2.0m) ($57.0m) ($14.0m) $15.0m ($102.0m) $27.0m ($102.0m)
Inventories ($34.0m) ($171.0m) ($129.0m) $42.0m $2.0m $57.0m $14.0m ($15.0m) $102.0m ($27.0m) ($102.0m)
Accounts payable ($6.0m) ($55.0m) $27.0m ($79.0m) $53.0m $163.0m $92.0m $38.0m $116.0m $34.0m $110.0m
Accrued liabilities and other current assets ($113.0m) ($85.0m) ($21.0m) $11.0m ($15.0m) ($165.0m) ($129.0m) $280.0m ($550.0m) ($359.0m) $71.0m
Accrued settlement charges $111.0m ($1.3b) $980.0m ($108.0m) $218.0m ($215.0m) ($424.0m) ($362.0m) ($209.0m) ($176.0m) —
Restricted cash included in other assets $82.0m $36.0m $43.0m $43.0m $60.0m $50.0m $46.0m $30.0m $23.0m $11.0m —
Restricted cash included in other current assets $0 $25.0m $57.0m $0 $1.0m $0 $15.0m $5.0m $8.0m $7.0m —
Net Cash Provided by (Used in) Operating Activities $3.8b
$4.9b +29.83%
$8.4b +70.48%
$7.8b -6.60%
$8.4b +6.99%
$8.4b +0.24%
$8.3b -1.77%
$9.3b +12.49%
$8.8b -5.75%
$9.3b +6.14%
$9.4b +1.27%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $189.0m $199.0m $238.0m $246.0m $231.0m $169.0m $205.0m $196.0m $142.0m $216.0m ($296.0m)
(Income) losses from investments in equity securities — — — — $111.0m $6.0b $3.6b ($243.0m) ($652.0m) ($510.0m) —
Payments to Acquire Investments $1.6b $0 $12.8b $5.0m — — — — — — —
Payments to Acquire Businesses, Net of Cash Acquired $0 — $15.0m — — — — $2.8b $0 $0 $0
Payments for (Proceeds from) Other Investing Activities $36.0m ($19.0m) $7.0m ($173.0m) ($88.0m) ($205.0m) $13.0m $36.0m $36.0m $125.0m —
Net Cash Provided by (Used in) Investing Activities $3.7b ($467.0m) ($13.0b) ($2.4b) ($143.0m) $1.2b $782.0m ($1.3b) $2.2b ($341.0m) ($428.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($823.0m) $0 $0 — — ($649.0m) $0 $0 — — —
Long-term debt issued $2.0b $0 $0 $16.3b $2.0b $5.5b $0 $998.0m $0 $2.0b —
Long-term debt repaid ($933.0m) $0 ($864.0m) ($1.1b) ($1.0b) ($6.5b) ($1.1b) ($1.6b) ($1.1b) ($1.6b) —
Proceeds from Issuance of Long-term Debt $2.0b $0 $0 $16.3b $2.0b $5.5b $0 $998.0m $0 $2.0b $995.0m
Proceeds from short-term borrowings $0 $0 $12.8b $0 $3.0b $0 $0 $2.0b $0 $0 —
Repayment of short-term borrowings — $0 $0 ($12.8b) ($3.0b) $0 $0 ($2.0b) $0 $0 —
Repayments of Long-term Debt $933.0m $0 $864.0m $1.1b $1.0b $6.5b $1.1b $1.6b $1.1b $1.6b ($1.1b)
Dividends paid on common stock ($5k) ($5k) ($5k) ($6k) ($6k) ($6k) ($7k) ($7k) ($7k) ($7k) ($7.1b)
Payments for Repurchase of Common Stock $1.0b $2.9b $1.7b $845.0m $0 $1.7b $1.8b $1.0b $3.4b $1.0b —
Payments of Ordinary Dividends, Common Stock $4.5b $4.8b $5.4b $6.1b $6.3b $6.4b $6.6b $6.8b $6.8b $7.0b ($7.1b)
Repurchases of common stock ($1.0b) ($2.9b) ($1.7b) ($845.0m) $0 ($1.7b) ($1.8b) ($1.0b) ($3.4b) ($1.0b) —
Dividends Payable, Current $1.2b $1.3b $1.5b $1.6b $1.6b $1.6b $1.7b $1.7b $1.7b $1.8b —
Dividends from ABI $739 $806 $657 $396 $108 $119 $104 $163 $139 $208 —
Payments of Dividends $4.5b $4.8b $5.4b $6.1b $6.3b $6.4b $6.6b $6.8b $6.8b $7.0b ($7.1b)
Proceeds from (Payments for) Other Financing Activities $9.0m ($47.0m) ($132.0m) ($119.0m) ($99.0m) ($215.0m) ($12.0m) ($27.0m) ($125.0m) ($40.0m) —
Net Cash Provided by (Used in) Financing Activities ($5.3b)
($7.8b) -46.65%
$4.7b +160.69%
($4.7b) -199.92%
($5.4b) -14.52%
($10.0b) -85.86%
($9.5b) +4.87%
($8.4b) +12.23%
($11.5b) -37.22%
($7.6b) +33.73%
($7.9b) -3.87%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $2.2b ($3.3b) $119.0m $727.0m $2.8b ($412.0m) ($503.0m) ($370.0m) ($563.0m) $1.3b $2.4b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $1.4b $2.2b $5.0b $4.6b $4.1b $3.7b $3.2b $4.5b $2.4b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Acquisition of NJOY, net of cash acquired $0 — — — — $0 $0 ($2.8b) $0 $0 —
Additional Financial Items
Balance at beginning of year $4.7b $1.3b $1.4b $2.2b $5.0b $4.6b $4.1b $3.7b $3.2b $4.5b —
Cash and cash equivalents $4.6b $1.3b $1.3b $2.1b $4.9b $4.5b $4.0b $3.7b $3.1b $4.5b $1.3b
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — ($81.0m) — — — — — — — — —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment ($27.0m) — — — — — — — — — —
Derivative, Gain (Loss) on Derivative, Net — — — ($1.4b) ($140.0m) ($148.0m) ($15.0m) $0 — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — — $0 —
Fair value adjustment for NJOY Transaction contingent payments, net of cash paid — — — — — — — $0 $0 $25.0m —
Gain on the sale of IQOS System commercialization rights — — — — — — $0 $0 ($2.7b) $0 —
Goodwill $5.3b $5.3b $5.2b $5.2b $5.2b $5.2b $5.2b $6.8b $6.9b $5.8b $1.3b
Income Tax Expense (Benefit) $7.6b ($399.0m) $2.4b $2.1b $2.4b $1.3b $1.6b $2.8b $2.4b $2.4b —
Income Taxes Paid, Net $4.7b $3.0b $2.3b $2.0b $2.6b $2.7b $2.7b $1.9b $1.8b $1.7b —
Income taxes ($231.0m) ($294.0m) $218.0m $89.0m ($29.0m) ($149.0m) ($118.0m) $6.0m $798.0m $690.0m —
Interest Expense Nonoperating — — — — — — — — $1.1b $1.2b —
Interest Paid, Excluding Capitalized Interest, Operating Activities $775.0m $696.0m $704.0m $1.1b $1.2b $1.2b $1.1b $1.1b $1.1b $1.1b —
Other, net ($21.0m) ($47.0m) ($132.0m) ($119.0m) ($99.0m) ($215.0m) ($12.0m) ($27.0m) ($125.0m) ($40.0m) —
Pension and postretirement, net — — ($13.0m) ($52.0m) ($49.0m) ($175.0m) ($156.0m) ($136.0m) ($107.0m) ($78.0m) —
Pension plan contributions ($531.0m) — ($41.0m) ($56.0m) ($33.0m) ($26.0m) ($20.0m) ($20.0m) ($18.0m) ($16.0m) —
Proceeds from the ABI Transaction $4.8b $0 $0 — — — $0 $0 $2.4b $0 —
Proceeds from the sale of IQOS System commercialization rights — — — — $0 $0 $1.0b $1.7b $0 $0 —
Restructuring Costs $106.0m ($38.0m) $354.0m $41.0m ($51.0m) — — $0 $422.0m $56.0m —
Supplemental disclosure of cash flow information:
Unrealized Gain (Loss) on Derivatives — — — ($1.4b) ($140.0m) $148.0m ($15.0m) — — — —
Unrecognized tax benefit — — — — — ($21.0m) $16.0m $1.1b ($1.1b) $303.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.