Altria Group, Inc. (MO)

Altria Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	20,362	20,502	20,688	21,111	20,841	19,796
Revenue Growth (YoY)	-0.97%	-0.90%	-2.00%	1.30%	5.28%	0.86%
Cost of Revenue	6,158	6,247	6,505	7,172	7,353	7,083
Gross Profit	14,204	14,255	14,183	13,939	13,488	12,713
Selling, General & Admin	2,279	2,058	1,882	2,020	1,994	1,911
Operating Expenses	2,279	2,058	1,882	2,020	1,994	1,911
Operating Income	11,925	12,197	12,301	11,919	11,494	10,802
Interest Expense	-1,169	-1,138	-1,125	-1,186	-1,259	-1,258
Interest & Investment Income	160	160	70	26	14	42
Earnings From Equity Investments	668	243	-3,641	-5,979	-111	1,725
Currency Exchange Gain (Loss)	-	-	-	7	40	36
EBT Excluding Unusual Items	11,581	11,462	7,605	4,787	10,178	11,347
Merger & Restructuring Charges	-	-	-	-37	-411	-216
Gain (Loss) on Sale of Investments	-	-	-	-	-2,600	-8,600
Asset Writedown	-354	-	-	-	-	-
Legal Settlements	-229	-563	-264	-182	-83	-228
Other Unusual Items	-82	29	48	-744	-194	-1,537
Pretax Income	13,616	10,928	7,389	3,824	6,890	766
Income Tax Expense	3,331	2,798	1,625	1,349	2,436	2,064
Earnings From Continuing Operations	10,285	8,130	5,764	2,475	4,454	-1,298
Minority Interest in Earnings	-	-	-	-	13	5
Net Income	10,285	8,130	5,764	2,475	4,467	-1,293
Preferred Dividends & Other Adjustments	25	17	13	11	8	7
Net Income to Common	10,260	8,113	5,751	2,464	4,459	-1,300
Net Income Growth	17.41%	41.05%	132.89%	-44.59%	-	-
Shares Outstanding (Basic)	1,737	1,777	1,804	1,845	1,858	1,869
Shares Outstanding (Diluted)	1,737	1,777	1,804	1,845	1,859	1,869
Shares Change (YoY)	-2.61%	-1.50%	-2.22%	-0.75%	-0.54%	-1.01%
EPS (Basic)	5.91	4.57	3.19	1.34	2.40	-0.70
EPS (Diluted)	5.91	4.57	3.19	1.34	2.40	-0.70
EPS Growth	20.56%	43.21%	138.71%	-44.35%	-	-
Free Cash Flow	8,492	9,091	8,051	8,236	8,154	7,591
Free Cash Flow Per Share	4.89	5.12	4.46	4.46	4.39	4.06
Dividend Per Share	3.960	3.840	3.680	3.520	3.400	3.280
Dividend Growth	4.21%	4.35%	4.55%	3.53%	3.66%	9.33%
Gross Margin	69.76%	69.53%	68.56%	66.03%	64.72%	64.22%
Operating Margin	58.56%	59.49%	59.46%	56.46%	55.15%	54.57%
Profit Margin	50.39%	39.57%	27.80%	11.67%	21.40%	-6.57%
Free Cash Flow Margin	41.71%	44.34%	38.92%	39.01%	39.12%	38.35%
EBITDA	12,216	12,469	12,527	12,163	11,751	11,028
EBITDA Margin	59.99%	60.82%	60.55%	57.61%	56.38%	55.71%
D&A For EBITDA	291	272	226	244	257	226
EBIT	11,925	12,197	12,301	11,919	11,494	10,802
EBIT Margin	58.56%	59.49%	59.46%	56.46%	55.15%	54.57%
Effective Tax Rate	24.46%	25.60%	21.99%	35.28%	35.36%	269.45%

Source: S&P Capital IQ. Standard template. Financial Sources.