← 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
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 $7.0b ($1.3b) $4.5b $2.5b $5.8b $8.1b $11.3b $6.9b
Net Income (Loss) Available to Common Stockholders, Basic — — — — — $2.5b $5.8b $8.1b $11.2b $6.9b
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
Depreciation, Depletion and Amortization $204.0m $209.0m $227.0m $226.0m $257.0m $244.0m $226.0m $272.0m $286.0m $266.0m
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)
Deferred income tax provision (benefit) $3.1b ($3.1b) ($57.0m) ($95.0m) ($164.0m) ($1.2b) ($947.0m) ($230.0m) $951.0m ($316.0m)
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
Impairment of Intangible Assets (Excluding Goodwill) — — $44.0m — — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — $0 — —
Impairment of goodwill — — — — — — — $0 $0 $1.2b
Restructuring Costs and Asset Impairment Charges $106.0m ($38.0m) $354.0m $41.0m ($51.0m) — — $0 $422.0m $56.0m
Gain (Loss) on Extinguishment of Debt ($823.0m) $0 $0 — — ($649.0m) $0 $0 — —
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
Income Tax Expense (Benefit) $7.6b ($399.0m) $2.4b $2.1b $2.4b $1.3b $1.6b $2.8b $2.4b $2.4b
Interest Expense Nonoperating — — — — — — — — $1.1b $1.2b
Changes in operating assets and liabilities:
Additional Financial Items
(Income) losses from investments in equity securities — — — — $111.0m $6.0b $3.6b ($243.0m) ($652.0m) ($510.0m)
Accounts payable ($6.0m) ($55.0m) $27.0m ($79.0m) $53.0m $163.0m $92.0m $38.0m $116.0m $34.0m
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)
Accrued settlement charges $111.0m ($1.3b) $980.0m ($108.0m) $218.0m ($215.0m) ($424.0m) ($362.0m) ($209.0m) ($176.0m)
Acquisition of NJOY, net of cash acquired $0 — — — — $0 $0 ($2.8b) $0 $0
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
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
Income taxes ($231.0m) ($294.0m) $218.0m $89.0m ($29.0m) ($149.0m) ($118.0m) $6.0m $798.0m $690.0m
Increase (Decrease) in Accounts Payable ($6.0m) ($55.0m) $27.0m ($79.0m) $53.0m $163.0m $92.0m $38.0m $116.0m $34.0m
Increase (Decrease) in Inventories $34.0m $171.0m $129.0m ($42.0m) ($2.0m) ($57.0m) ($14.0m) $15.0m ($102.0m) $27.0m
Increase (decrease) $2.2b ($3.3b) $119.0m $727.0m $2.8b ($412.0m) ($503.0m) ($370.0m) ($563.0m) $1.3b
Inventories ($34.0m) ($171.0m) ($129.0m) $42.0m $2.0m $57.0m $14.0m ($15.0m) $102.0m ($27.0m)
Long-term debt repaid ($933.0m) $0 ($864.0m) ($1.1b) ($1.0b) ($6.5b) ($1.1b) ($1.6b) ($1.1b) ($1.6b)
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 short-term borrowings $0 $0 $12.8b $0 $3.0b $0 $0 $2.0b $0 $0
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
Receivables ($27.0m) $10.0m $0 ($8.0m) $20.0m ($18.0m) ($21.0m) $6.0m ($106.0m) ($86.0m)
Repayment of short-term borrowings — $0 $0 ($12.8b) ($3.0b) $0 $0 ($2.0b) $0 $0
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
Restructuring Costs $106.0m ($38.0m) $354.0m $41.0m ($51.0m) — — — — —
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
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 — —
Net Cash Provided by (Used in) Operating Activities $3.8b $4.9b $8.4b $7.8b $8.4b $8.4b $8.3b $9.3b $8.8b $9.3b
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
Payments to Acquire Businesses, Net of Cash Acquired $0 — $15.0m — — — — $2.8b $0 $0
Payments to Acquire Investments $1.6b $0 $12.8b $5.0m — — — — — —
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)
Cash flows from financing activities:
Long-term debt issued $2.0b $0 $0 $16.3b $2.0b $5.5b $0 $998.0m $0 $2.0b
Proceeds from Issuance of Long-term Debt $2.0b $0 $0 $16.3b $2.0b $5.5b $0 $998.0m $0 $2.0b
Repayments of Long-term Debt $933.0m $0 $864.0m $1.1b $1.0b $6.5b $1.1b $1.6b $1.1b $1.6b
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
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
Dividends paid on common stock ($5k) ($5k) ($5k) ($6k) ($6k) ($6k) ($7k) ($7k) ($7k) ($7k)
Payments of Dividends $4.5b $4.8b $5.4b $6.1b $6.3b $6.4b $6.6b $6.8b $6.8b $7.0b
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) $4.7b ($4.7b) ($5.4b) ($10.0b) ($9.5b) ($8.4b) ($11.5b) ($7.6b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $119.0m $727.0m $2.8b ($412.0m) ($503.0m) ($370.0m) ($563.0m) $1.3b
Cash and cash equivalents $4.6b $1.3b $1.3b $2.1b $4.9b $4.5b $4.0b $3.7b $3.1b $4.5b
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
Restricted cash included in other current assets $0 $25.0m $57.0m $0 $1.0m $0 $15.0m $5.0m $8.0m $7.0m
Supplemental disclosure of cash flow information:
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
Income Taxes Paid, Net $4.7b $3.0b $2.3b $2.0b $2.6b $2.7b $2.7b $1.9b $1.8b $1.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.