← 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
Other Cost of Operating Revenue $6.4b $6.1b $5.7b $5.3b $5.3b $4.9b $4.4b $4.0b $3.6b $3.1b —
Cost of Revenue $7.7b
$7.5b -2.62%
$7.4b -2.25%
$7.1b -3.91%
$7.8b +10.35%
$7.1b -8.94%
$6.4b -9.51%
$6.2b -3.48%
$6.1b -2.27%
$5.6b -7.90%
$5.7b +1.39%
Cost of sales $7.7b
$7.5b -2.62%
$7.4b -2.25%
$7.1b -3.91%
$7.8b +10.35%
$7.1b -8.94%
$6.4b -9.51%
$6.2b -3.48%
$6.1b -2.27%
$5.6b -7.90%
$5.7b +1.39%
Gross Profit $11.6b
$12.0b +3.11%
$12.3b +2.54%
$12.7b +3.73%
$13.0b +2.45%
$14.0b +7.44%
$14.2b +1.82%
$14.3b +0.27%
$14.4b +0.58%
$14.5b +1.22%
$14.8b +1.56%
Interest Income (Expense), Net ($747.0m)
($705.0m) +5.62%
($665.0m) +5.67%
($1.3b) -92.48%
($1.2b) +5.55%
($1.2b) +3.89%
($1.1b) +8.95%
($989.0m) +6.52%
— — $98.0m
Research and Development Expense $203.0m $241.0m $252.0m $168.0m $131.0m $145.0m $162.0m $220.0m $208.0m $195.0m —
Amortization of Intangible Assets $21.0m $21.0m $38.0m $44.0m $72.0m $72.0m $73.0m $128.0m $139.0m $132.0m —
Restructuring Costs $106.0m ($38.0m) $354.0m $41.0m ($51.0m) — — — — — —
Restructuring and Related Cost, Incurred Cost $152.0m $25.0m $154.0m $59.0m ($4.0m) — — — — — —
Operating Income (Loss) $8.8b
$9.6b +9.06%
$9.1b -4.61%
$10.3b +13.29%
$10.9b +5.30%
$11.6b +6.32%
$11.9b +3.11%
$11.5b -3.12%
$11.2b -2.65%
$9.9b -11.94%
$12.3b +23.81%
Interest Expense $754.0m $727.0m $697.0m $1.3b $1.2b $1.2b $1.1b $1.1b — — $1.2b
Interest Income, Other $13.0m $31.0m $32.0m $42.0m $14.0m $26.0m $70.0m $160.0m $87.0m $98.0m $98.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $1.0m ($81.0m) $34.0m $37.0m $77.0m $202.0m $184.0m $127.0m $102.0m $59.0m —
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 —
Interest Expense (non-operating) — — — — — — — — $1.1b $1.2b $1.2b
Interest Income (Expense), Nonoperating, Net — — — — — — — — ($1.0b) ($1.1b) $98.0m
Earnings before income taxes $21.9b $9.8b $9.3b $766.0m $6.9b $3.8b $7.4b $10.9b $13.7b $9.4b —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $21.9b $9.8b $9.4b $266.0m $6.8b $4.2b $7.6b $11.0b $13.7b $9.4b $10.4b
Current Income Tax Expense (Benefit) $4.5b $2.7b $2.4b $2.2b $2.6b $2.5b $2.6b $3.0b $1.4b $2.8b $2.4b
Income Tax Expense (Benefit) $7.6b ($399.0m) $2.4b $2.1b $2.4b $1.3b $1.6b $2.8b $2.4b $2.4b $2.4b
Net earnings $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%
$8.0b +14.47%
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%
$8.0b +14.47%
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%
$8.0b +14.80%
Net Income (Loss) Attributable to Noncontrolling Interest $5.0m $5.0m $4.0m ($5.0m) ($13.0m) $0 $0 — — — $8.0b
Earnings Per Share, Basic $7.28 $5.31 $3.69 ($0.70) $2.40 $1.34 $3.19 $4.57 $6.54 $4.12 $4.75
Earnings Per Share, Diluted $7.28 $5.31 $3.68 ($0.70) $2.40 $1.34 $3.19 $4.57 $6.54 $4.12 $4.75
Common Stock, Dividends, Per Share, Declared $2.35 $2.54 $3.00 $3.28 $3.40 $3.52 $3.68 $3.84 $4.00 $4.16 —
Weighted Average Number of Shares Outstanding, Basic — — 1.9b 1.9b 1.9b 1.8b 1.8b 1.8b 1.7b 1.7b 1.7b
Weighted Average Number of Shares Outstanding, Diluted — — 1.9b 1.9b 1.9b 1.8b 1.8b 1.8b 1.7b 1.7b 1.7b
Additional Financial Items
(Income) losses from investments in equity securities — — — — $111.0m $6.0b $3.6b ($243.0m) ($652.0m) ($510.0m) —
Asset impairment and exit costs, net of cash paid $179.0m $33.0m $383.0m — — — $0 $0 $389.0m $978.0m $285.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — $8.6b $2.6b $0 $0 — — — —
Excise taxes on products $6.4b $6.1b $5.7b $5.3b $5.3b $4.9b $4.4b $4.0b $3.6b $3.1b —
Gain on the sale of IQOS System commercialization rights — — — — — — $0 $0 ($2.7b) $0 —
Goodwill, Impairment Loss — — $111.0m $74.0m $0 $0 $0 $0 $0 $1.2b $285.0m
Impairment of goodwill — — — — — — — $0 $0 $1.2b —
Interest and other debt expense, net $747.0m $705.0m $665.0m $1.3b $1.2b $1.2b $1.1b $989.0m $1.0b $1.1b —
Marketing, administration and research costs $2.6b $2.4b $2.8b $2.2b $2.2b $2.4b $2.3b $2.7b $2.7b $2.5b —
Net periodic benefit income, excluding service cost ($1.0m) $37.0m ($34.0m) ($37.0m) ($77.0m) ($202.0m) ($184.0m) ($127.0m) ($102.0m) ($59.0m) —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component $1.0m $37.0m ($34.0m) ($37.0m) ($77.0m) ($202.0m) ($184.0m) ($127.0m) ($102.0m) ($59.0m) —
Revenue, Net (Deprecated 2018-01-31) $25.7b $25.6b $6.1b $6.0b $6.3b $26.0b $25.1b $24.5b $24.0b $23.3b —

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.