← 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
Total Revenue $25.7b $25.6b $25.4b $25.1b $26.2b $26.0b $25.1b $24.5b $24.0b $23.3b
Revenue, Net (Deprecated 2018-01-31) $25.7b $25.6b — — — — — — — —
Cost of Revenue $7.7b $7.5b $7.4b $7.1b $7.8b $7.1b $6.4b $6.2b $6.1b $5.6b
Cost of sales $7.7b $7.5b $7.4b $7.1b $7.8b $7.1b $6.4b $6.2b $6.1b $5.6b
Gross Profit $11.6b $12.0b $12.3b $12.7b $13.0b $14.0b $14.2b $14.3b $14.4b $14.5b
Operating Income (Loss) $8.8b $9.6b $9.1b $10.3b $10.9b $11.6b $11.9b $11.5b $11.2b $9.9b
Additional Financial Items
(Income) losses from investments in equity securities — — — — $111.0m $6.0b $3.6b ($243.0m) ($652.0m) ($510.0m)
Amortization of Intangible Assets $21.0m $21.0m $38.0m $44.0m $72.0m $72.0m $73.0m $128.0m $139.0m $132.0m
Earnings before income taxes $21.9b $9.8b $9.3b $766.0m $6.9b $3.8b $7.4b $10.9b $13.7b $9.4b
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
Impairment of goodwill — — — — — — — $0 $0 $1.2b
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
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 Income, Other $13.0m $31.0m $32.0m $42.0m $14.0m $26.0m $70.0m $160.0m $87.0m $98.0m
Net earnings $14.2b $10.2b $7.0b ($1.3b) $4.5b $2.5b $5.8b $8.1b $11.3b $6.9b
Provision for income taxes $7.6b ($399.0m) $2.4b $2.1b $2.4b $1.3b $1.6b $2.8b $2.4b $2.4b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $21.9b $9.8b $9.3b $766.0m $6.9b $3.8b $7.4b $10.9b $13.7b $9.4b
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 — — —
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
Earnings Per Share, Basic $7.28 $5.31 $3.69 ($0.70) $2.40 $1.34 $3.19 $4.57 $6.54 $4.12
Earnings Per Share, Diluted $7.28 $5.31 $3.68 ($0.70) $2.40 $1.34 $3.19 $4.57 $6.54 $4.12
Weighted Average Number of Shares Outstanding, Basic — — 1.9b 1.9b 1.9b 1.8b 1.8b 1.8b 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
Asset impairment and exit costs, net of cash paid $179.0m $33.0m $383.0m — — — $0 $0 $389.0m $978.0m
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
Interest Expense $754.0m $727.0m $697.0m $1.3b $1.2b $1.2b $1.1b $1.1b — —
Interest Expense (non-operating) — — — — — — — — $1.1b $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)
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
Research and Development Expense $203.0m $241.0m $252.0m $168.0m $131.0m $145.0m $162.0m $220.0m $208.0m $195.0m
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) — — — — —
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 Tax Expense (Benefit) $7.6b ($399.0m) $2.4b $2.1b $2.4b $1.3b $1.6b $2.8b $2.4b $2.4b
Interest Income (Expense), Net ($747.0m) ($705.0m) ($665.0m) ($1.3b) ($1.2b) ($1.2b) ($1.1b) ($989.0m) — —
Interest Income (Expense), Nonoperating, Net — — — — — — — — ($1.0b) ($1.1b)
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)

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.