Altria Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.95B | $11.26B | $8.13B | $5.76B | $2.48B | $4.47B | $-1.29B | $6.96B |
| Depreciation & Amortization | $266.0M | $286.0M | $272.0M | $226.0M | $244.0M | $257.0M | $226.0M | $227.0M |
| Depreciation | $134.0M | $147.0M | $144.0M | $153.0M | $172.0M | $185.0M | $182.0M | $189.0M |
| Amortization | $132.0M | $139.0M | $128.0M | $73.0M | $72.0M | $72.0M | $44.0M | $38.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $9.29B | $8.75B | $9.29B | $8.26B | $8.41B | $8.39B | $7.84B | $8.39B |
| Investing Activities | ||||||||
| Capital Expenditures | $216.0M | $142.0M | $196.0M | $205.0M | $169.0M | $231.0M | $246.0M | $238.0M |
| Business Acquisitions | $0 | $0 | $2.75B | $0 | $0 | — | — | $15.0M |
| Net Cash from Investing Activities | $-341.0M | $2.18B | $-1.28B | $782.0M | $1.21B | $-143.0M | $-2.40B | $-12.99B |
| Financing Activities | ||||||||
| Dividends Paid | $6.96B | $6.85B | $6.78B | $6.60B | $6.45B | $6.29B | $6.07B | $5.42B |
| Stock Repurchases | $1.00B | $3.40B | $1.00B | $1.83B | $1.68B | $0 | $845.0M | $1.67B |
| Net Cash from Financing Activities | $-7.62B | $-11.49B | $-8.37B | $-9.54B | $-10.03B | $-5.40B | $-4.71B | $4.72B |
| Net Change in Cash | $1.33B | $-563.0M | $-370.0M | $-503.0M | $-412.0M | $2.85B | $727.0M | $119.0M |
| Free Cash Flow | $9.07B | $8.61B | $9.09B | $8.05B | $8.24B | $8.15B | $7.59B | $8.15B |