Altria Group, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.58B | $25.74B | $25.43B | $24.52B | $24.47B | $24.62B | $23.80B | $24.36B |
| Smokeable Products | $22.64B | $22.85B | — | — | — | — | — | — |
| Oral Tobacco Products | $2.16B | $2.05B | — | — | — | — | — | — |
| Wine | $698.0M | $746.0M | — | — | — | — | — | — |
| E-Vapor | $0 | $0 | — | — | — | — | — | — |
| All Other | $87.0M | $96.0M | — | — | — | — | — | — |
| Cost of Revenue | $7.53B | $7.77B | $7.74B | $7.79B | $7.21B | $7.94B | $7.68B | $7.70B |
| Gross Profit | $11.96B | $11.57B | $11.11B | $10.16B | $10.46B | $9.56B | $8.94B | $9.19B |
| Gross Margin | 46.8% | 45.0% | 43.7% | 41.4% | 42.7% | 38.8% | 37.6% | 37.7% |
| Operating Expenses | ||||||||
| Research & Development | $241.0M | $203.0M | $186.0M | $167.0M | $153.0M | $136.0M | $128.0M | $144.0M |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $9.59B | $8.76B | $8.36B | $7.62B | $8.08B | $7.25B | $6.07B | $6.23B |
| Operating Margin | 37.5% | 34.0% | 32.9% | 31.1% | 33.0% | 29.5% | 25.5% | 25.6% |
| Interest Expense | $736.0M | $754.0M | $808.0M | $857.0M | $1.05B | $1.13B | $1.22B | $1.14B |
| Pretax Income | $9.83B | $21.85B | $8.08B | $7.77B | $6.94B | $6.48B | $5.58B | $5.72B |
| Income Tax Expense | $-399.0M | $7.61B | $2.84B | $2.70B | $2.41B | $2.29B | $2.19B | $1.82B |
| Net Income | $10.22B | $14.24B | $5.24B | $5.07B | $4.54B | $4.18B | $3.39B | $3.91B |
| Net Margin | 40.0% | 55.3% | 20.6% | 20.7% | 18.5% | 17.0% | 14.2% | 16.0% |
| EPS (Basic) | $5.31 | $7.28 | $2.67 | $2.56 | $2.26 | $2.06 | $1.64 | $1.87 |
| EPS (Diluted) | $5.31 | $7.28 | $2.67 | $2.56 | $2.26 | $2.06 | $1.64 | $1.87 |
| Shares Outstanding (Basic) | 1.92B | 1.95B | 1.96B | 1.97B | 1.99B | 2.02B | 2.06B | 2.08B |
| Shares Outstanding (Diluted) | 1.92B | 1.95B | 1.96B | 1.97B | 1.99B | 2.02B | 2.06B | 2.08B |
| Dividends Per Share | $2.54 | $2.35 | $2.17 | $2.00 | $1.84 | $1.70 | $1.58 | $1.46 |