Altria Group Inc (MO) financial statements: income statement, balance sheet and cash flow
Altria Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Altria Group Inc reported revenue of $23.3B (-3.1% year on year) and net income of $6.9B (-38.3% year on year).
Income statement
Altria Group Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenues
$23.3B
$24.0B
$24.5B
$25.1B
Cost of sales
$5.6B
$6.1B
$6.2B
$6.4B
Excise taxes on products
$3.1B
$3.6B
$4.0B
$4.4B
Gross profit
$14.5B
$14.4B
$14.3B
$14.2B
Marketing, administration and research costs
$2.5B
$2.7B
$2.7B
$2.3B
Asset impairment and exit costs, net of cash paid
$978.0M
$389.0M
—
—
Impairment of goodwill
$1.2B
—
—
—
Operating income
$9.9B
$11.2B
$11.5B
$11.9B
Interest and other debt expense, net
$1.1B
$1.0B
$989.0M
$1.1B
Net periodic benefit income, excluding service cost
($59.0M)
($102.0M)
($127.0M)
($184.0M)
(Income) losses from investments in equity securities
($510.0M)
($652.0M)
($243.0M)
$3.6B
Gain on the sale of IQOS System commercialization rights
$0
($2.7B)
—
—
Earnings before income taxes
$9.4B
$13.7B
$10.9B
$7.4B
Provision for income taxes
$2.4B
$2.4B
$2.8B
$1.6B
Net earnings
$6.9B
$11.3B
$8.1B
$5.8B
Basic earnings per share attributable to Altria (in usd per share)
$4.12
$6.54
$4.57
$3.19
Diluted earnings per share attributable to Altria (in usd per share)
$4.12
$6.54
$4.57
$3.19
Altria Group Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net revenues
$6.1B
$5.4B
$6.1B
$6.1B
Cost of sales
$1.5B
$1.3B
$1.4B
$1.4B
Excise taxes on products
$755.0M
$670.0M
$821.0M
$812.0M
Gross profit
$3.8B
$3.5B
$3.8B
$3.9B
Marketing, administration and research costs
$663.0M
$550.0M
$580.0M
$619.0M
Exit costs
$21.0M
—
—
—
Impairment of goodwill
$0
$0
$0
$0
Operating income
$3.1B
$3.0B
$3.2B
$3.2B
Interest and other debt expense, net
$295.0M
$258.0M
$278.0M
$275.0M
Net periodic benefit income, excluding service cost
($1.0M)
($3.0M)
($16.0M)
($15.0M)
(Income) losses from investments in equity securities
($87.0M)
($158.0M)
($107.0M)
($148.0M)
Earnings before income taxes
$2.9B
$2.9B
$3.1B
$3.1B
Provision for income taxes
$631.0M
$676.0M
$700.0M
$740.0M
Net earnings
$2.3B
$2.2B
$2.4B
$2.4B
Basic earnings (losses) per share attributable to Altria (in usd per share)
$1.37
$1.30
$1.41
$1.41
Diluted earnings (losses) per share attributable to Altria (in usd per share)
$1.37
$1.30
$1.41
$1.41
Balance sheet
Altria Group Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$4.5B
$3.1B
$3.7B
$4.0B
Receivables
$263.0M
$177.0M
$71.0M
$48.0M
Leaf tobacco
$531.0M
$591.0M
$649.0M
$704.0M
Other raw materials
$245.0M
$190.0M
$204.0M
$186.0M
Work in process
$13.0M
$21.0M
$22.0M
$24.0M
Finished product
$281.0M
$278.0M
$340.0M
$266.0M
Inventory, net
$1.1B
$1.1B
$1.2B
$1.2B
Other current assets
$125.0M
$36.0M
$117.0M
$241.0M
Total current assets
$5.9B
$4.5B
$5.6B
$7.2B
Land and land improvements
$125.0M
$124.0M
$123.0M
$123.0M
Buildings and building equipment
$1.6B
$1.6B
$1.5B
$1.5B
Machinery and equipment
$2.7B
$2.7B
$2.7B
$2.6B
Construction in progress
$320.0M
$199.0M
$240.0M
$248.0M
Property, plant and equipment, at cost
$4.7B
$4.5B
$4.6B
$4.4B
Less accumulated depreciation
$3.0B
$2.9B
$2.9B
$2.8B
Property, plant and equipment, net
$1.7B
$1.6B
$1.7B
$1.6B
Goodwill
$5.8B
$6.9B
$6.8B
$5.2B
Other intangible assets, net
$11.9B
$13.0B
$13.7B
$12.4B
Investments in equity securities
$8.6B
$8.2B
$10.0B
$9.6B
Other assets
$1.1B
$934.0M
$845.0M
$965.0M
Total Assets
$35.0B
$35.2B
$38.6B
$37.0B
Current portion of long-term debt
$1.6B
$1.5B
$1.1B
$1.6B
Accounts payable
$750.0M
$700.0M
$582.0M
$552.0M
Marketing
$928.0M
$688.0M
$716.0M
$599.0M
Settlement charges
$2.2B
$2.4B
$2.6B
$2.9B
Other
$1.9B
$1.8B
$1.9B
$1.3B
Dividends payable
$1.8B
$1.7B
$1.7B
$1.7B
Total current liabilities
$9.2B
$8.8B
$11.3B
$8.6B
Long-term debt
$24.1B
$23.4B
$25.1B
$25.1B
Deferred income taxes
$3.4B
$3.7B
$2.8B
$2.9B
Accrued pension costs
$122.0M
$136.0M
$130.0M
$133.0M
Accrued postretirement health care costs
$939.0M
$935.0M
$1.1B
$1.1B
Other liabilities
$744.0M
$365.0M
$1.6B
$324.0M
Total liabilities
$38.5B
$37.4B
$42.1B
$40.9B
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)
$935000000.00
$935000000.00
$935000000.00
$935000000.00
Additional paid-in capital
$5.9B
$5.9B
$5.9B
$5.9B
Earnings reinvested in the business
$35.5B
$35.5B
$31.1B
$29.8B
Accumulated other comprehensive losses
($2.6B)
($2.4B)
($2.7B)
($2.8B)
Cost of repurchased stock (1,131,643,020 shares at December 31, 2025 and 1,115,309,450 shares at December 31, 2024)
-43.2B
-42.2B
-38.8B
-37.8B
Total stockholders’ equity (deficit) attributable to Altria
($3.5B)
($2.2B)
($3.5B)
($4.0B)
Noncontrolling interest
$50.0M
$50.0M
$50.0M
$50.0M
Total stockholders’ equity (deficit)
($3.5B)
($2.2B)
($3.5B)
($3.9B)
Total Liabilities and Stockholders’ Equity (Deficit)
$35.0B
$35.2B
$38.6B
$37.0B
Altria Group Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$2.4B
$3.5B
$3.5B
$1.3B
Receivables
$306.0M
$284.0M
$249.0M
$241.0M
Leaf tobacco
$420.0M
$525.0M
$502.0M
$475.0M
Other raw materials
$277.0M
$265.0M
$208.0M
$200.0M
Work in process
$18.0M
$24.0M
$19.0M
$21.0M
Finished product
$345.0M
$332.0M
$336.0M
$320.0M
Inventory, net
$1.1B
$1.1B
$1.1B
$1.0B
Other current assets
$289.0M
$241.0M
$333.0M
$88.0M
Total current assets
$4.0B
$5.2B
$5.1B
$2.6B
Property, plant and equipment, at cost
$4.8B
$4.7B
$4.5B
$4.5B
Less accumulated depreciation
$3.0B
$3.0B
$2.9B
$2.9B
Property, plant and equipment, net
$1.8B
$1.7B
$1.6B
$1.6B
Goodwill
$5.8B
$5.8B
$6.1B
$6.1B
Other intangible assets, net
$11.8B
$11.9B
$12.9B
$12.9B
Investments in equity securities
$8.9B
$8.9B
$8.4B
$8.1B
Other assets
$1.1B
$1.0B
$949.0M
$975.0M
Total Assets
$33.4B
$34.6B
$35.0B
$32.3B
Current portion of long-term debt
$1.7B
$542.0M
$1.6B
$1.1B
Accounts payable
$684.0M
$701.0M
$662.0M
$569.0M
Marketing
$1.1B
$895.0M
$886.0M
$894.0M
Settlement charges
$1.2B
$2.8B
$1.9B
$1.1B
Other
$1.4B
$1.7B
$1.5B
$1.4B
Dividends payable
$1.8B
$1.8B
$1.8B
$1.7B
Total current liabilities
$7.8B
$8.4B
$8.3B
$6.8B
Long-term debt
$22.9B
$24.1B
$24.1B
$23.7B
Deferred income taxes
$3.5B
$3.5B
$3.5B
$3.7B
Accrued pension costs
$119.0M
$120.0M
$133.0M
$133.0M
Accrued postretirement health care costs
$938.0M
$935.0M
$931.0M
$935.0M
Other liabilities
$800.0M
$759.0M
$660.0M
$370.0M
Total liabilities
$36.0B
$37.7B
$37.6B
$35.5B
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)
$935000000.00
$935000000.00
$935000000.00
$935000000.00
Additional paid-in capital
$5.9B
$5.9B
$5.9B
$5.9B
Earnings reinvested in the business
$36.4B
$35.9B
$36.1B
$35.5B
Accumulated other comprehensive losses
($2.4B)
($2.5B)
($2.7B)
($2.8B)
Cost of repurchased stock (1,136,217,391 shares at December 31, 2026 and 1,131,643,020 shares at December 31, 2025)
-43.5B
-43.4B
-42.9B
-42.8B
Total stockholders’ equity (deficit) attributable to Altria
($2.7B)
($3.2B)
($2.6B)
($3.3B)
Noncontrolling interest
$50.0M
$50.0M
$50.0M
$50.0M
Total stockholders’ equity (deficit)
($2.6B)
($3.2B)
($2.6B)
($3.2B)
Total Liabilities and Stockholders’ Equity (Deficit)
$33.4B
$34.6B
$35.0B
$32.3B
Cash flow statement
Altria Group Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings (losses)
$6.9B
$11.3B
$8.1B
$5.8B
Depreciation and amortization
$266.0M
$286.0M
$272.0M
$226.0M
Deferred income tax provision (benefit)
($316.0M)
$951.0M
($230.0M)
($947.0M)
Unrecognized tax benefit
$303.0M
($1.1B)
$1.1B
—
Fair value adjustment for NJOY Transaction contingent payments, net of cash paid
$25.0M
—
—
—
(Income) losses from investments in equity securities
($510.0M)
($652.0M)
($243.0M)
$3.6B
Gain on the sale of IQOS System commercialization rights
$0
($2.7B)
—
—
Dividends from ABI
$208.0M
$139.0M
$163.0M
$104.0M
Impairment of goodwill
$1.2B
—
—
—
Asset impairment and exit costs, net of cash paid
$960.0M
—
—
—
Receivables
($86.0M)
($106.0M)
$6.0M
($21.0M)
Inventories
($27.0M)
$102.0M
($15.0M)
$14.0M
Accounts payable
$34.0M
$116.0M
$38.0M
$92.0M
Income taxes
$690.0M
$798.0M
$6.0M
($118.0M)
Accrued liabilities and other current assets
($359.0M)
($550.0M)
$280.0M
($129.0M)
Accrued settlement charges
($176.0M)
($209.0M)
($362.0M)
($424.0M)
Pension plan contributions
($16.0M)
($18.0M)
($20.0M)
($20.0M)
Pension and postretirement, net
($78.0M)
($107.0M)
($136.0M)
($156.0M)
Other, net
$267.0M
$178.0M
$287.0M
$215.0M
Net cash provided by (used in) operating activities
$9.3B
$8.8B
$9.3B
$8.3B
Capital expenditures
($216.0M)
($142.0M)
($196.0M)
($205.0M)
Proceeds from the ABI Transaction
$0
$2.4B
—
—
Proceeds from the sale of IQOS System commercialization rights
$0
$0
$1.7B
$1.0B
Acquisition of NJOY, net of cash acquired
$0
$0
($2.8B)
—
Other, net
($125.0M)
($36.0M)
($36.0M)
($13.0M)
Net cash provided by (used in) investing activities
($341.0M)
$2.2B
($1.3B)
$782.0M
Proceeds from short-term borrowings
$0
$0
$2.0B
$0
Repayment of short-term borrowings
$0
$0
($2.0B)
$0
Long-term debt issued
$2.0B
$0
$998.0M
$0
Long-term debt repaid
($1.6B)
($1.1B)
($1.6B)
($1.1B)
Repurchases of common stock
($1.0B)
($3.4B)
($1.0B)
($1.8B)
Dividends paid on common stock
($7.0B)
($6.8B)
($6.8B)
($6.6B)
Other, net
($40.0M)
($125.0M)
($27.0M)
($12.0M)
Net cash provided by (used in) financing activities
($7.6B)
($11.5B)
($8.4B)
($9.5B)
Increase (decrease)
$1.3B
($563.0M)
($370.0M)
($503.0M)
Balance at beginning of year
$3.2B
$3.7B
$4.1B
$4.6B
Balance at end of year
$4.5B
$3.2B
$3.7B
$4.1B
Cash paid: Interest
$1.1B
$1.1B
$1.1B
$1.1B
Cash Paid: Income taxes
$1.7B
$1.8B
$1.9B
$2.7B
Cash and cash equivalents
$4.5B
$3.1B
$3.7B
$4.0B
Restricted cash included in other current assets
$7.0M
$8.0M
$5.0M
$15.0M
Restricted cash included in other assets
$11.0M
$23.0M
$30.0M
$46.0M
Cash, cash equivalents and restricted cash
$4.5B
$3.2B
$3.7B
$4.1B
Altria Group Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings (losses)
$4.5B
$2.2B
$5.8B
$3.5B
Depreciation and amortization
$112.0M
$56.0M
$212.0M
$142.0M
Deferred income tax provision (benefit)
$33.0M
$46.0M
($194.0M)
$33.0M
Fair value adjustment for NJOY Transaction contingent payments, net of cash paid
$0
$0
$25.0M
$25.0M
(Income) losses from investments in equity securities
($245.0M)
($158.0M)
($398.0M)
($291.0M)
Dividends from ABI
$186.0M
—
$181.0M
$181.0M
Exit costs, net of cash paid
$11.0M
($5.0M)
($9.0M)
($4.0M)
Impairment of goodwill
$0
$0
$873.0M
$873.0M
Receivables
($43.0M)
($20.0M)
($72.0M)
($62.0M)
Inventories
($48.0M)
($76.0M)
($22.0M)
$27.0M
Accounts payable
($47.0M)
($24.0M)
($30.0M)
($123.0M)
Income taxes
$185.0M
$610.0M
$404.0M
$267.0M
Accrued liabilities and other current assets
($655.0M)
($998.0M)
($856.0M)
($489.0M)
Accrued settlement charges
($1.0B)
$659.0M
($467.0M)
($1.3B)
Pension plan contributions
($8.0M)
($4.0M)
($11.0M)
($9.0M)
Pension and postretirement, net
($11.0M)
($10.0M)
($60.0M)
($37.0M)
Other, net
$101.0M
$65.0M
$322.0M
$193.0M
Net cash provided by (used in) operating activities
$3.0B
$2.3B
$6.0B
$2.9B
Capital expenditures
($150.0M)
($93.0M)
($124.0M)
($70.0M)
Other, net
($16.0M)
($16.0M)
($15.0M)
($9.0M)
Net cash provided by (used in) investing activities
($166.0M)
($109.0M)
($139.0M)
($79.0M)
Long-term debt issued
$0
$0
$2.0B
$997.0M
Long-term debt repaid
($1.1B)
($1.1B)
($1.6B)
($1.6B)
Repurchases of common stock
($335.0M)
($280.0M)
($712.0M)
($600.0M)
Dividends paid on common stock
($3.6B)
($1.8B)
($5.2B)
($3.5B)
Other, net
($28.0M)
($28.0M)
($40.0M)
($29.0M)
Net cash provided by (used in) financing activities