ALTRIA GROUP, INC.

MO 10-Q · Q2 2025

MO Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 6,102 6,209 -1.7%
Show Business Segments breakouts
All Other Segments -8 3 -366.7%
All Other Segments · Operating Segments -108 -111 +2.7%
Oral Tobacco Products [Member] 753 711 +5.9%
Smokeable Products Segment [Member] 5,357 5,495 -2.5%
Cost of Revenue 1,440 1,602 -10.1%
Other Cost Of Operating Revenue 812 932 -12.9%
Gross Profit 3,850 3,675 +4.8%
Marketing Administrationand Research Costs 619 788 -21.4%
Asset Impairmentand Business Exit Costs 1 354 -99.7%
Show Business Segments breakouts
Smokeable Products Segment [Member] · Operating Segments 1
Show Consolidation Items breakouts
Operating Segments 1
Operating Income 3,230 2,533 +27.5%
Show Business Segments breakouts
Oral Tobacco Products [Member] · Operating Segments 498 97 +413.4%
Smokeable Products Segment [Member] 2,930 2,807 +4.4%
Smokeable Products Segment [Member] · Operating Segments 2,930 2,807 +4.4%
Interest Income Expense Nonoperating Net 275 261 +5.4%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component -15 -25 +40.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income -9 -8 -12.5%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 11 7 +57.1%
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 2 -1 +300.0%
Gain Loss From Equity Securities -148 -119 -24.4%
Income Before Taxes 3,118 5,116 -39.1%
Income Tax Expense (Benefit) 740 1,313 -43.6%
Net Income 2,378 3,803 -37.5%
EPS (Basic) 1.41 2.21 -36.2%
EPS (Diluted) 1.41 2.21 -36.2%
General & Administrative (Q)
Show Consolidation Items breakouts
Corporate Non Segment -53 -223 +76.2%
Comprehensive Income 2,238 3,786 -40.9%
Wtd Avg Shares (Basic) 1,684 1,718 -2.0%
Wtd Avg Shares (Diluted) 1,684 1,718 -2.0%
Net Income Loss Available To Common Stockholders Basic 2,371 3,794 -37.5%
Income Loss From Equity Method Investments -148 -119 -24.4%
Show Equity Components breakouts
ABI [Member] · Reclassification Out Of Accumulated Other Comprehensive Income -14 2 -800.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
ABI [Member] -148 -121 -22.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 1,287 1,799 -28.5%
Other Receivables Net Current 241 72 +234.7%
Inventory 1,016 1,174 -13.5%
Other Assets Current 88 179 -50.8%
Total Current Assets 2,632 3,540 -25.6%
Non-Current Assets
Property, Plant & Equipment 1,610 1,620 -0.6%
Goodwill 6,072
Show Business Segments breakouts
All Other Segments 895
Oral Tobacco Products [Member] 5,078
Smokeable Products Segment [Member] 99
Other Non-Current Assets 975 899 +8.5%
Total Assets 32,332 34,387 -6.0%
Other Assets
Inventory Raw Materials Plant Material Netof Reserves 475 562 -15.5%
Other Inventory Raw Materials Netof Reserves 200 199 +0.5%
Inventory Work In Process Net Of Reserves 21 25 -16.0%
Inventory Finished Goods Net Of Reserves 320 388 -17.5%
Property Plant And Equipment Gross 4,530 4,507 +0.5%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 2,920 2,887 +1.1%
Intangible Assets Net Excluding Goodwill 12,900 3.6 +358233.3%
Show Business Segments breakouts
All Other Segments 1,313 1,402 -6.3%
Oral Tobacco Products [Member] 8,663 8,695 -0.4%
Smokeable Products Segment [Member] 2,924 2,951 -0.9%
Investments 8,143 8,335 -2.3%
Current Liabilities
Current Portion of Long-Term Debt 1,069 1,553 -31.2%
Accounts Payable 569 556 +2.3%
Accrued Marketing Costs Current 894 763 +17.2%
Accrued Settlement Liability Current 1,098 1,320 -16.8%
Other Accrued Liabilities Current 1,435 1,900 -24.5%
Dividends Payable Current 1,723 1,690 +2.0%
Total Current Liabilities 6,788 7,782 -12.8%
Non-Current Liabilities
Long-Term Debt 23,651 23,470 +0.8%
Deferred Tax Liabilities 3,661 3,281 +11.6%
Defined Benefit Pension Plan Liabilities Noncurrent 133 127 +4.7%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 935 1,086 -13.9%
Other Non-Current Liabilities 370 1,607 -77.0%
Total Liabilities 35,538 37,353 -4.9%
Long-Term Debt 24,720 25,023 -1.2%
Show Debt Instrument breakouts
Foreign Currency Denominated Debt [Member] 2,647 3,206 -17.4%
Stockholders' Equity
Common Stock 935 935 0.0%
Additional Paid In Capital Common Stock 5,895 5,876 +0.3%
Retained Earnings 35,525 33,651 +5.6%
Accumulated Other Comprehensive Income -2,831 -2,283 -24.0%
Treasury Stock Value -42,780 -41,195 -3.8%
Total Stockholders' Equity -3,256 -3,016 -8.0%
Minority Interest 50 50 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest -3,206 -2,966 -8.1%
Show Equity Components breakouts
ABI [Member] -1,432 -801 -78.8%
Accumulated Defined Benefit Plans Adjustment -1,389 -1,495 +7.1%
Accumulated Other Comprehensive Income -2,831 -2,283 -24.0%
Accumulated Translation Adjustment -10 13 -176.9%
Additional Paid In Capital 5,895 5,876 +0.3%
Common Stock 935 935 0.0%
Noncontrolling Interest 50 50 0.0%
Retained Earnings 35,525 33,651 +5.6%
Treasury Stock Common -42,780 -41,195 -3.8%
Total Liabilities & Equity 32,332 34,387 -6.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Net Income 3,455 5,932 -41.8%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income 24 -254 +109.4%
Depreciation & Amortization 142 139 +2.2%
Deferred Income Taxes 33 444 -92.6%
Fair Value Adjustment For Contingent Consideration Payments 25 140 -82.1%
Equity Method Investment Dividends Or Distributions 181 139 +30.2%
Asset Impairment And Business Exit Costs Net Of Cash Paid -4 354 -101.1%
Goodwill Impairment Charges Net Of Cash Paid 873
Increase Decrease In Receivables -62 -1 -6100.0%
Change in Inventory 27 41 -34.1%
Change in Accounts Payable -123 -16 -668.8%
Increase Decrease In Accrued Income Taxes Payable 267 177 +50.8%
Increase Decrease In Other Current Assets And Liabilities Net -489 -351 -39.3%
Increase Decrease In Settlement Payable -1,256 -1,243 -1.0%
Pension Contributions -9 -9 0.0%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -37 -50 +26.0%
Other Operating Activities Cash Flow Statement 193 132 +46.2%
Net Cash from Operations 2,925 2,802 +4.4%
Investing Activities
Capital Expenditures -70 -64 -9.4%
Other Investing Activities -9 -10 +10.0%
Net Cash from Investing -79 2,279 -103.5%
Financing Activities
Proceeds From Issuance Of Long Term Debt 997
Repayments Of Long Term Debt -1,607 -1,121 -43.4%
Share Repurchases -600 -2,410 +75.1%
Payments Of Dividends Common Stock -3,454 -3,420 -1.0%
Proceeds From Payments For Other Financing Activities -29 -15 -93.3%
Net Cash from Financing -4,693 -6,966 +32.6%
Other Cash Flow
Net Change in Cash -1,847 -1,885 +2.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,311 1,836 -28.6%
Restricted Cash Current 9 9 0.0%
Restricted Cash Noncurrent 15 28 -46.4%

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

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