Vector Group Ltd. (VGR)

Vector 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	952.97	938.01	920.25	786.01	767.15	668.35
Revenue Growth (YoY)	2.45%	1.93%	17.08%	2.46%	14.78%	-52.28%
Cost of Revenue	478.6	479.09	477.9	334.85	358.07	323.63
Gross Profit	474.37	458.92	442.35	451.16	409.08	344.72
Selling, General & Admin	117.31	113.44	104.05	132.39	119.86	105.04
Operating Expenses	117.31	113.44	104.05	132.39	119.86	105.04
Operating Income	357.06	345.48	338.31	318.77	289.22	239.68
Interest Expense	-108.05	-108.62	-110.67	-112.73	-121.28	-137.54
Interest & Investment Income	26.13	23.49	8.63	1.92	5.62	11.09
Earnings From Equity Investments	-8.83	3.46	-10.94	12.93	11.54	-10.76
Other Non Operating Income (Expenses)	1.36	1.39	3.04	0.36	-7.82	26.78
EBT Excluding Unusual Items	267.66	265.21	228.37	221.24	177.28	129.24
Gain (Loss) on Sale of Investments	3.41	2.59	-7.98	9.38	1.82	7.44
Gain (Loss) on Sale of Assets	-	-	-	0.91	2.28	-
Legal Settlements	-0.61	-18.8	-0.24	-0.21	-0.34	-7.36
Other Unusual Items	-0.37	-0.55	0.41	-21.36	-	-4.3
Pretax Income	270.09	248.45	220.56	209.96	181.04	125.02
Income Tax Expense	70.41	64.93	61.86	62.81	54.12	31.09
Earnings From Continuing Operations	199.67	183.53	158.7	147.15	126.92	93.93
Earnings From Discontinued Operations	-	-	-	72.31	-33.98	7.09
Net Income to Company	199.67	183.53	158.7	219.46	92.94	101.02
Minority Interest in Earnings	-	-	-	-	-	-0.04
Net Income	199.67	183.53	158.7	219.46	92.94	100.97
Preferred Dividends & Other Adjustments	5.29	5.01	4.95	5.86	2.56	7.46
Net Income to Common	194.39	178.52	153.75	213.6	90.38	93.51
Net Income Growth	24.92%	15.64%	-27.69%	136.14%	-7.96%	73.78%
Shares Outstanding (Basic)	153	153	153	152	150	147
Shares Outstanding (Diluted)	154	153	153	152	150	147
Shares Change (YoY)	0.34%	0.29%	0.28%	1.48%	1.96%	0.60%
EPS (Basic)	1.27	1.17	1.01	1.40	0.60	0.64
EPS (Diluted)	1.26	1.16	1.01	1.40	0.60	0.63
EPS Growth	24.22%	15.24%	-28.10%	132.69%	-3.89%	79.34%
Free Cash Flow	200.93	199.43	171.36	241.71	248.48	111.5
Free Cash Flow Per Share	1.31	1.30	1.12	1.59	1.65	0.76
Dividend Per Share	0.800	0.800	0.800	0.800	0.800	1.540
Dividend Growth	0%	0%	0%	0%	-48.05%	4.76%
Gross Margin	49.78%	48.93%	48.07%	57.40%	53.32%	51.58%
Operating Margin	37.47%	36.83%	36.76%	40.56%	37.70%	35.86%
Profit Margin	20.40%	19.03%	16.71%	27.18%	11.78%	13.99%
Free Cash Flow Margin	21.08%	21.26%	18.62%	30.75%	32.39%	16.68%
EBITDA	363.84	352.42	345.52	335.1	306.85	257.53
EBITDA Margin	38.18%	37.57%	37.55%	42.63%	40.00%	38.53%
D&A For EBITDA	6.78	6.94	7.22	16.33	17.63	17.85
EBIT	357.06	345.48	338.31	318.77	289.22	239.68
EBIT Margin	37.47%	36.83%	36.76%	40.55%	37.70%	35.86%
Effective Tax Rate	26.07%	26.13%	28.05%	29.91%	29.89%	24.86%
Revenue as Reported	1,424	1,424	1,441	1,221	1,229	1,120
Advertising Expenses	-	5.23	4.75	4.46	4.1	3.75

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