Altria Group, Inc. (MO) quarterly cash flow statement — complete operating, investing & financing history
Altria Group, Inc. (MO) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -51M | 2.32B | 3.27B | 3.09B | 205M | 2.72B | 3.34B | 2.61B | -75M | 2.88B | 3.23B | 2.95B | 124M | 2.98B | 2.62B | 3.08B | -514M | 3.08B | 2.66B | 3.06B |
| Operating CF Margin % | -0.83% | 42.81% | 64.4% | 58.92% | 3.88% | 60.19% | 65.41% | 48.86% | -1.42% | 60.99% | 64.23% | 55.94% | 2.28% | 62.65% | 51.52% | 56.84% | -9.56% | 63.81% | 52.36% | 55.38% |
| Operating CF Growth % | -124.88% | -14.56% | -2.07% | 18.5% | 373.33% | -5.46% | 3.5% | -11.55% | -160.48% | -3.59% | 23.21% | -4.03% | 124.12% | -2.96% | -1.65% | 0.42% | -42.38% | 1.15% | 4.8% | 241.09% |
| Net Income | 2.11B | 2.18B | 1.11B | 2.38B | 2.38B | 1.08B | 3.04B | 2.29B | 3.8B | 2.13B | 2.06B | 2.17B | 2.12B | 1.79B | 2.69B | 224M | 891M | 1.96B | 1.62B | -2.72B |
| Depreciation & Amortization | 42M | 56M | 54M | 70M | 71M | 71M | 73M | 74M | 74M | 65M | 78M | 80M | 62M | 52M | 63M | 54M | 57M | 52M | 54M | 62M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40M | 0 |
| Deferred Taxes | -31M | 46M | -122M | 64M | 7M | 26M | -716M | 7M | 637M | -105M | 345M | 219M | 121M | 249M | -397M | -549M | -23M | 43M | 20M | -1.24B |
| Other Non-Cash Items | -1.57B | 485M | 1.18B | -8M | 92M | 839M | -143M | -220M | -2.14B | -270M | -258M | -52M | 36M | 182M | -65M | 2.48B | 1.39B | -46M | 170M | 6.04B |
| Working Capital Changes | -593M | -446M | 1.04B | 593M | -2.34B | 707M | 1.09B | 457M | -2.45B | 1.06B | 944M | 539M | -2.21B | 714M | 328M | 869M | -2.83B | 1.07B | 755M | 930M |
| Change in Receivables | -33M | -20M | -14M | -10M | 18M | -80M | -92M | -13M | 5M | -6M | -13M | 77M | -24M | -34M | -16M | -9M | 3M | 1M | -11M | -12M |
| Change in Inventory | 1M | -76M | -5M | -49M | 45M | -18M | -12M | 73M | 67M | -26M | -41M | 17M | 81M | -72M | -74M | 38M | 70M | -20M | -61M | -54M |
| Change in Payables | -140M | -24M | 64M | 93M | 13M | -136M | 184M | -52M | 45M | -61M | 85M | 35M | 33M | -115M | 119M | 20M | 12M | -59M | 160M | 116M |
| Cash from Investing | -106M | -109M | -202M | -60M | -36M | -43M | -63M | -41M | -37M | 2.32B | -66M | 1.64B | -2.8B | -56M | 997M | -65M | -116M | -34M | 1.25B | -33M |
| Capital Expenditures | -96M | -93M | -92M | -54M | -32M | -38M | -47M | -31M | -29M | -35M | -53M | -40M | -48M | -55M | -58M | -64M | -38M | -45M | -67M | -49M |
| CapEx % of Revenue | 1.57% | 1.71% | 1.81% | 1.03% | 0.6% | 0.84% | 0.92% | 0.58% | 0.55% | 0.74% | 1.05% | 0.76% | 0.88% | 1.15% | 1.14% | 1.18% | 0.71% | 0.93% | 1.32% | 0.89% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.35B | 1.7B | 1.7B | -2.75B | 0 | 1B | 0 | 0 | 0 | 1.18B | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 235M | 142M | -110M | -6M | -4M | -5M | -16M | -10M | -8M | -2M | -1.71B | -18M | -4M | -1M | -2.59B | -1M | -78M | 11M | 145M | 16M |
| Cash from Financing | -4.36B | -3.16B | -2.07B | -849M | -3.61B | -1.08B | -2.05B | -2.48B | -1.7B | -5.27B | -1.02B | -3.94B | -373M | -3.04B | -2.06B | -3.1B | -2.14B | -2.23B | -2.36B | -1.92B |
| Debt Issued (Net) | 0 | -1.07B | 0 | 995M | -1.61B | 997M | 0 | 0 | 0 | -1.12B | 998M | -2B | 1.78B | -1.35B | 0 | -1.1B | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -223M | -280M | -288M | -112M | -274M | -326M | -310M | -680M | -10M | -2.4B | -268M | -260M | -472M | -1.35B | -374M | -368M | -507M | -576M | -703M | -322M |
| Dividends Paid | -1.53B | -1.78B | -1.78B | -1.72B | -1.72B | -1.73B | -1.74B | -1.69B | -1.69B | -1.73B | -1.74B | -1.68B | -1.68B | -1.68B | -1.69B | -1.63B | -1.63B | -1.65B | -1.66B | -1.59B |
| Share Repurchases | -223M | -280M | -288M | -112M | -274M | -326M | -310M | -680M | -10M | -2.4B | -268M | -260M | -472M | -1.35B | -374M | -368M | -507M | -576M | -703M | -322M |
| Other Financing | -2.6B | -28M | 0 | -11M | -3M | -26M | 0 | -110M | -1M | -14M | -12M | 0 | -1M | 1.33B | 0 | -1M | 0 | -11M | 1M | -6M |
| Net Change in Cash | -4.52B | -942M | 1B | 2.19B | -3.44B | 1.59B | 1.23B | 92M | -1.81B | -75M | 2.14B | 658M | -3.05B | -117M | 1.55B | -92M | -2.77B | 809M | 1.56B | 1.11B |
| Free Cash Flow | -147M | 2.23B | 3.18B | 3.04B | 173M | 2.68B | 3.29B | 2.58B | -104M | 2.84B | 3.17B | 2.91B | 76M | 2.93B | 2.56B | 3.01B | -552M | 3.03B | 2.6B | 3.01B |
| FCF Margin % | -2.41% | 41.1% | 62.59% | 57.89% | 3.27% | 59.35% | 64.49% | 48.28% | -1.97% | 60.25% | 63.18% | 55.18% | 1.4% | 61.49% | 50.38% | 55.65% | -10.27% | 62.88% | 51.04% | 54.49% |
| FCF Growth % | -184.97% | -16.82% | -3.46% | 17.83% | 266.35% | -5.63% | 3.75% | -11.4% | -236.84% | -2.97% | 23.94% | -3.32% | 113.77% | -3.33% | -1.35% | -0.07% | -42.27% | 0.53% | 5.02% | 257.96% |
| FCF per Share | -0.09 | 1.33 | 1.90 | 1.81 | 0.10 | 1.59 | 1.94 | 1.51 | -0.06 | 1.62 | 1.80 | 1.64 | 0.04 | 1.64 | 1.43 | 1.67 | -0.31 | 1.67 | 1.42 | 1.64 |
| FCF Conversion (FCF/Net Income) | -0.02x | 1.06x | 2.93x | 1.30x | 0.09x | 2.53x | 1.10x | 1.14x | -0.02x | 1.35x | 1.57x | 1.36x | 0.06x | 1.67x | 0.97x | 13.73x | -0.58x | 1.57x | 1.64x | -1.13x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |