ALTRIA GROUP, INC.

MO 10-K · FY 2025

MO FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 23,279 24,018 -3.1%
Show Product Lines breakouts
Cigarettes [Member] · Smokeable Products [Member] 19,248 20,066 -4.1%
Cigars [Member] · Smokeable Products [Member] 1,237 1,138 +8.7%
Show Business Segments breakouts
All Other Segments 5 -2 +350.0%
E-Vapor [Member] -13 40 -132.5%
Oral Tobacco Products [Member] 2,802 2,776 +0.9%
Smokeable Products [Member] 20,485 21,204 -3.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 58,986 60,103 -1.9%
Other Investments [Member] 132 111 +18.9%
Cost of Revenue 5,597 6,077 -7.9%
Other Cost Of Operating Revenue 3,140 3,574 -12.1%
Gross Profit 14,542 14,367 +1.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 32,841 32,974 -0.4%
Other Investments [Member] 57 17 +235.3%
Marketing Administrationand Research Costs 2,507 2,737 -8.4%
Asset Impairmentand Business Exit Costs 978 389 +151.4%
Goodwill Impairment Loss 1,158
Operating Income 9,899 11,241 -11.9%
Show Business Segments breakouts
All Other Segments · Operating Segments -229 -243 +5.8%
E-Vapor [Member] · Operating Segments -2,297 -171 -1243.3%
Oral Tobacco Products [Member] · Operating Segments 1,828 1,449 +26.2%
Smokeable Products [Member] 10,984 10,821 +1.5%
Smokeable Products [Member] · Operating Segments 10,984 10,821 +1.5%
Interest Income Expense Nonoperating Net 1,079 1,037 +4.1%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component -59 -102 +42.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income -36 -36 0.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 45 29 +55.2%
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 9 -7 +228.6%
Gain Loss From Equity Securities -510 -652 +21.8%
Income Before Taxes 9,389 13,658 -31.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 8,134 8,108 +0.3%
Other Investments [Member] 42 -48 +187.5%
Income Tax Expense (Benefit) 2,442 2,394 +2.0%
Net Income 6,947 11,264 -38.3%
EPS (Basic) 4.12 6.54 -37.0%
EPS (Diluted) 4.12 6.54 -37.0%
Research & Development 195 208 -6.2%
Show Business Segments breakouts
All Other Segments 195 208 -6.2%
General & Administrative (FY)
Show Consolidation Items breakouts
Corporate Non Segment -255 -476 +46.4%
Interest Expense 1,177 1,124 +4.7%
Comprehensive Income 6,720 11,537 -41.8%
Wtd Avg Shares (Basic) 1,683 1,718 -2.0%
Wtd Avg Shares (Diluted) 1,683 1,718 -2.0%
Net Income Loss Available To Common Stockholders Basic 6,927 11,236 -38.3%
Income Loss From Equity Method Investments -510 -652 +21.8%
Show Equity Components breakouts
Accumulated Equity Method Investments Attributable To Parent [Member] · Reclassification Out Of Accumulated Other Comprehensive Income -33 251 -113.1%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
ABI [Member] -498 -673 +26.0%
Cronos Group Inc. [Member] -12 21 -157.1%
Net Income Loss Attributable To Noncontrolling Interest (FY)
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 6,411 6,501 -1.4%
Other Investments [Member] 36 -47 +176.6%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 4,474 3,127 +43.1%
Other Receivables Net Current 263 177 +48.6%
Inventory 1,070 1,080 -0.9%
Other Assets Current 125 129 -3.1%
Total Current Assets 5,932 4,513 +31.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 23,034 22,525 +2.3%
Other Investments [Member] 922 959 -3.9%
Non-Current Assets
Property, Plant & Equipment 1,710 1,617 +5.8%
Goodwill 5,787 6,945 -16.7%
Show Business Segments breakouts
E-Vapor [Member] 610 1,768 -65.5%
Oral Tobacco Products [Member] 5,078 5,078 0.0%
Smokeable Products [Member] 99 99 0.0%
Show Reporting Unit breakouts
E-Vapor [Member] 610 1,768 -65.5%
Other Non-Current Assets 1,095 934 +17.2%
Total Assets 35,017 35,177 -0.5%
Intangible Assets (Q)
Show Reporting Unit breakouts
E-Vapor [Member] 60 1,099 -94.5%
Other Assets
Inventory Raw Materials Plant Material Netof Reserves 531 591 -10.2%
Other Inventory Raw Materials Netof Reserves 245 190 +28.9%
Inventory Work In Process Net Of Reserves 13 21 -38.1%
Inventory Finished Goods Net Of Reserves 281 278 +1.1%
Property Plant And Equipment Gross 4,672 4,537 +3.0%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 2,962 2,920 +1.4%
Intangible Assets Net Excluding Goodwill 11,876 12,973 -8.5%
Show Business Segments breakouts
All Other Segments 247 259 -4.6%
E-Vapor [Member] 74 1,099 -93.3%
Oral Tobacco Products [Member] 8,646 8,679 -0.4%
Smokeable Products [Member] 2,909 2,936 -0.9%
Investments 8,617 8,195 +5.1%
Current Liabilities
Current Portion of Long-Term Debt 1,569 1,527 +2.8%
Accounts Payable 750 700 +7.1%
Accrued Marketing Costs Current 928 688 +34.9%
Accrued Settlement Liability Current 2,178 2,354 -7.5%
Other Accrued Liabilities Current 1,947 1,780 +9.4%
Dividends Payable Current 1,782 1,732 +2.9%
Total Current Liabilities 9,154 8,781 +4.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 35,025 31,182 +12.3%
Other Investments [Member] 41 40 +2.5%
Non-Current Liabilities
Long-Term Debt 24,140 23,399 +3.2%
Deferred Tax Liabilities 3,370 3,749 -10.1%
Defined Benefit Pension Plan Liabilities Noncurrent 122 136 -10.3%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit 122 136 -10.3%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 939 935 +0.4%
Show Retirement Plan Type breakouts
Other Postretirement Benefit Plans Defined Benefit 939 935 +0.4%
Other Non-Current Liabilities 744 365 +103.8%
Total Liabilities 38,469 37,365 +3.0%
Long-Term Debt 25,709 24,926 +3.1%
Show Debt Instrument breakouts
Euro notes, 2.200% to 3.125%, interest payable annually, due through 2031 [Member] · Notes Payable Other Payables 2,638 3,100 -14.9%
Foreign Currency Denominated Debt [Member] 2,638 3,100 -14.9%
Notes 2.450% To 10.20%, interest payable semi-annually, due through 2061 [Member] · Senior Notes 23,029 21,784 +5.7%
USD Debenture, 7.750%, Maturing January 2027 [Member] · Loans Payable 42 42 0.0%
Stockholders' Equity
Common Stock 935 935 0.0%
Additional Paid In Capital Common Stock 5,921 5,905 +0.3%
Retained Earnings 35,452 35,516 -0.2%
Accumulated Other Comprehensive Income -2,627 -2,400 -9.5%
Treasury Stock Value -43,183 -42,194 -2.3%
Total Stockholders' Equity -3,502 -2,238 -56.5%
Minority Interest 50 50 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest -3,452 -2,188 -57.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,415 -1,392 -1.7%
Accumulated Equity Method Investments Attributable To Parent [Member] -1,217 -1,018 -19.5%
Accumulated Other Comprehensive Income -2,627 -2,400 -9.5%
Accumulated Translation Adjustment 5 10 -50.0%
Additional Paid In Capital 5,921 5,905 +0.3%
Common Stock 935 935 0.0%
Noncontrolling Interest 50 50 0.0%
Retained Earnings 35,452 35,516 -0.2%
Treasury Stock Common -43,183 -42,194 -2.3%
Total Liabilities & Equity 35,017 35,177 -0.5%
Land And Land Improvements 125 124 +0.8%
Buildings And Improvements Gross 1,574 1,552 +1.4%
Machinery And Equipment Gross 2,653 2,662 -0.3%
Construction In Progress Gross 320 199 +60.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Net Income 6,947 11,264 -38.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
ABI [Member] 8,134 8,108 +0.3%
Other Investments [Member] 42 -49 +185.7%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income 24 -244 +109.8%
Depreciation & Amortization 266 286 -7.0%
Deferred Income Taxes -316 951 -133.2%
Income Tax Adjustments Unrecognized Tax Benefits 303 -1,128 +126.9%
Fair Value Adjustment For Contingent Consideration Payments 25
Equity Method Investment Dividends Or Distributions 208 139 +49.6%
Asset Impairment And Business Exit Costs Net Of Cash Paid 960 389 +146.8%
Increase Decrease In Receivables -86 -106 +18.9%
Change in Inventory -27 102 -126.5%
Change in Accounts Payable 34 116 -70.7%
Increase Decrease In Accrued Income Taxes Payable 690 798 -13.5%
Increase Decrease In Other Current Assets And Liabilities Net -359 -550 +34.7%
Increase Decrease In Settlement Payable -176 -209 +15.8%
Pension Contributions -16 -18 +11.1%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -78 -107 +27.1%
Other Operating Activities Cash Flow Statement 267 178 +50.0%
Net Cash from Operations 9,290 8,753 +6.1%
Investing Activities
Capital Expenditures -216 -142 -52.1%
Other Investing Activities -125 -36 -247.2%
Net Cash from Investing -341 2,175 -115.7%
Financing Activities
Proceeds From Issuance Of Long Term Debt 1,992
Repayments Of Long Term Debt -1,607 -1,121 -43.4%
Share Repurchases -1,000 -3,400 +70.6%
Payments Of Dividends Common Stock -6,960 -6,845 -1.7%
Proceeds From Payments For Other Financing Activities -40 -125 +68.0%
Net Cash from Financing -7,615 -11,491 +33.7%
Supplemental
Interest Paid 1,114 1,113 +0.1%
Income Taxes Paid 1,695 1,709 -0.8%
Other Cash Flow
Net Change in Cash 1,334 -563 +336.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 4,492 3,158 +42.2%
Restricted Cash Current 7 8 -12.5%
Restricted Cash Noncurrent 11 23 -52.2%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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