Altria Group, Inc. Financial Statements — MO Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	16,892	16,619	17,500	17,663	17,945	18,854	19,337	19,494	19,627	19,796	20,841	21,111	20,688	20,502	20,444
+ Sales & Services Revenue	16,892	16,619	17,500	17,663	17,945	18,854	19,337	19,494	19,627	19,796	20,841	21,111	20,688	20,502	20,444
- Cost of Revenue	7,704	7,680	7,937	7,206	7,785	7,740	7,765	7,531	7,373	7,085	7,818	7,119	6,442	6,218	6,077
+ Cost of Goods & Services	7,704	7,680	7,937	7,206	7,785	7,740	7,765	7,531	7,373	7,085	7,818	7,119	6,442	6,218	6,077
Gross Profit	9,188	8,939	9,563	10,457	10,160	11,114	11,572	11,963	12,254	12,711	13,023	13,992	14,246	14,284	14,367
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,924	2,649	2,249	2,362	2,541	2,749	2,662	2,338	2,756	2,226	2,150	2,432	2,327	2,737	2,737
+ Selling, General & Admin	2,735	2,643	2,301	2,340	2,539	2,708	2,662	2,338	2,756	2,226	2,150	2,432	2,327	2,737	2,737
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	189	6	-52	22	2	41	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	6,264	6,290	7,314	8,095	7,619	8,365	8,910	9,625	9,498	10,485	10,873	11,560	11,919	11,547	11,630
- Non-Operating (Income) Loss	541	708	837	1,153	-155	287	-12,942	-203	157	9,719	3,983	7,736	4,530	619	-2,028
+ Interest Expense, Net	1,133	1,216	1,126	1,049	808	817	747	705	665	1,280	1,209	1,162	1,058	989	1,037
+ Interest Expense	1,136	1,220	1,128	1,053	810	821	760	736	697	1,322	1,223	1,188	1,128	1,149	1,124
- Interest Income	3	4	2	4	2	4	13	31	32	42	14	26	70	160	87
+ Other Non-Op (Income) Loss	-592	-508	-289	104	-963	-530	-13,689	-908	-508	8,439	2,774	6,574	3,472	-370	-3,065
Pretax Income	5,723	5,582	6,477	6,942	7,774	8,078	21,852	9,828	9,341	766	6,890	3,824	7,389	10,928	13,658
- Income Tax Expense (Benefit)	1,816	2,189	2,294	2,407	2,704	2,835	7,608	-399	2,374	2,064	2,436	1,349	1,625	2,798	2,394
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	3,907	3,393	4,183	4,535	5,070	5,243	14,244	10,227	6,967	-1,298	4,454	2,475	5,764	8,130	11,264
- Net Extraordinary Losses (Gains)	4	6	6	- -	- -	4	10	10	8	-10	-26	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	4	6	6	- -	- -	4	10	10	8	-10	-26	- -	- -	- -	- -
Income (Loss) Incl. MI	3,903	3,387	4,177	4,535	5,070	5,239	14,234	10,217	6,959	-1,288	4,480	2,475	5,764	8,130	11,264
- Minority Interest	-2	-3	-3	- -	- -	-2	-5	-5	-4	5	13	- -	- -	- -	- -
Net Income, GAAP	3,905	3,390	4,180	4,535	5,070	5,241	14,239	10,222	6,963	-1,293	4,467	2,475	5,764	8,130	11,264
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	3,905	3,390	4,180	4,535	5,070	5,241	14,239	10,222	6,963	-1,293	4,467	2,475	5,764	8,130	11,264
Basic Weighted Avg Shares	2,077	2,064	2,024	1,993	1,971	1,961	1,952	1,921	1,887	1,869	1,858	1,845	1,804	1,763	1,718
Basic EPS, GAAP	1.88	1.64	2.07	2.27	2.57	2.67	7.29	5.32	3.69	-0.69	2.4	1.34	3.2	4.61	6.56
Basic EPS from Cont Ops	1.88	1.64	2.07	2.27	2.57	2.67	7.3	5.32	3.69	-0.69	2.4	1.34	3.2	4.61	6.56
Diluted Weighted Avg Shares	2,079	2,064	2,024	1,993	1,971	1,961	1,952	1,921	1,888	1,869	1,858	1,845	1,804	1,777	1,718
Diluted EPS, GAAP	1.88	1.64	2.07	2.27	2.57	2.67	7.29	5.32	3.69	-0.69	2.4	1.34	3.2	4.58	6.56
Diluted EPS from Cont Ops	1.88	1.64	2.07	2.27	2.57	2.67	7.3	5.32	3.69	-0.69	2.4	1.34	3.2	4.58	6.56
EBITDA	6,540	6,543	7,539	8,307	7,827	8,590	9,114	9,834	9,725	10,711	11,130	11,804	12,145	11,819	11,916
EBITDA Margin (%)	38.72	39.37	43.08	47.03	43.62	45.56	47.13	50.45	49.55	54.11	53.4	55.91	58.71	57.65	58.29
EBITA	6,264	6,290	7,314	8,095	7,619	8,365	8,910	9,625	9,498	10,485	10,873	11,560	11,919	11,547	11,630
EBIT	6,264	6,290	7,314	8,095	7,619	8,365	8,910	9,625	9,498	10,485	10,873	11,560	11,919	11,547	11,630
Gross Margin (%)	54.39	53.79	54.65	59.2	56.62	58.95	59.84	61.37	62.43	64.21	62.49	66.28	68.86	69.67	70.27
Operating Margin (%)	37.08	37.85	41.79	45.83	42.46	44.37	46.08	49.37	48.39	52.97	52.17	54.76	57.61	56.32	56.89
Profit Margin (%)	23.12	20.4	23.89	25.68	28.25	27.8	73.64	52.44	35.48	-6.53	21.43	11.72	27.86	39.65	55.1
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.42	1.56	1.68	1.81	1.97	2.13	2.31	2.5	2.87	3.25	3.38	3.49	3.66	3.84	3.98
Depreciation Expense	276	253	225	212	208	225	204	209	227	226	257	244	226	272	286

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	5,981	6,920	6,315	6,590	6,878	4,911	7,260	4,344	4,299	4,824	7,117	6,083	7,220	5,585	4,513
+ Cash, Cash Equivalents & STI	2,314	3,270	2,900	3,175	3,321	2,369	4,569	1,253	1,333	2,117	4,945	4,544	4,030	3,686	3,127
+ Cash & Cash Equivalents	2,314	3,270	2,900	3,175	3,321	2,369	4,569	1,253	1,333	2,117	4,945	4,544	4,030	3,686	3,127
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	85	268	193	115	124	124	420	603	309	152	137	47	1,872	567	270
+ Accounts Receivable, Net	85	268	193	115	124	124	151	142	142	152	137	- -	1,721	71	177
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	269	461	167	- -	- -	47	151	496	93
+ Inventories	1,803	1,779	1,746	1,879	2,040	2,031	2,051	2,225	2,331	2,293	1,966	1,194	1,180	1,215	1,080
+ Raw Materials	1,120	1,104	1,049	1,113	1,191	1,138	1,056	1,111	1,126	1,066	1,044	910	890	853	781
+ Work In Process	299	316	349	394	429	444	512	560	647	696	502	23	24	22	21
+ Finished Goods	384	359	348	372	420	449	483	554	558	531	420	261	266	340	278
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1,779	1,603	1,476	1,421	1,393	387	220	263	326	262	69	298	138	117	36
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	31,421	29,831	29,014	28,269	27,597	26,548	38,672	38,858	51,160	44,447	40,297	33,440	29,734	32,985	30,664
+ Property, Plant & Equip, Net	2,380	2,216	2,102	2,028	1,983	1,982	1,958	1,914	1,938	1,999	2,012	1,553	1,608	1,652	1,617
+ Property, Plant & Equip	5,150	4,728	4,750	4,817	4,755	4,877	4,835	4,879	4,950	5,074	5,150	4,432	4,427	4,582	4,537
- Accumulated Depreciation	2,770	2,512	2,648	2,789	2,772	2,895	2,877	2,965	3,012	3,075	3,138	2,879	2,819	2,930	2,920
+ LT Investments & Receivables	9,898	9,068	9,218	8,452	7,797	6,722	18,880	17,952	30,496	23,581	19,529	13,481	9,600	10,011	8,195
+ LT Investments	9,898	9,068	9,218	8,452	7,797	6,722	18,880	17,952	30,496	23,581	19,529	13,481	9,600	10,011	8,195
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	19,143	18,547	17,694	17,789	17,817	17,844	17,834	18,992	18,726	18,867	18,756	18,406	18,526	21,322	20,852
+ Total Intangible Assets	17,292	17,272	17,252	17,232	17,334	17,313	17,321	17,707	17,475	17,864	17,792	17,483	17,561	20,477	19,918
+ Goodwill	5,174	5,174	5,174	5,174	5,285	5,285	5,285	5,307	5,196	5,177	5,177	5,177	5,177	6,791	6,945
+ Other Intangible Assets	12,118	12,098	12,078	12,058	12,049	12,028	12,036	12,400	12,279	12,687	12,615	12,306	12,384	13,686	12,973
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,851	1,275	442	557	483	531	513	1,285	1,251	1,003	964	923	965	845	934
Total Assets	37,402	36,751	35,329	34,859	34,475	31,459	45,932	43,202	55,459	49,271	47,414	39,523	36,954	38,570	35,177
+ Payables & Accruals	6,608	6,832	6,800	6,533	6,673	7,066	7,375	5,928	7,345	7,174	7,563	7,474	7,060	7,498	7,254
+ Accounts Payable	529	503	451	409	416	400	425	374	399	325	380	449	552	582	700
+ Accrued Taxes	231	220	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	5,848	6,109	6,349	6,124	6,257	6,666	6,950	5,554	6,946	6,849	7,183	7,025	6,508	6,916	6,554
+ ST Debt	- -	600	1,459	525	1,000	4	- -	864	13,848	1,000	1,500	1,105	1,556	1,121	1,527
+ ST Borrowings	- -	600	1,459	525	1,000	4	- -	864	13,848	1,000	1,500	1,105	1,556	1,121	1,527
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	232	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,700	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	232	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,700	- -
Total Current Liabilities	6,840	7,432	8,259	7,058	7,673	7,070	7,375	6,792	21,193	8,174	9,063	8,579	8,616	11,319	8,781
+ LT Debt	12,194	13,089	12,419	13,992	13,693	12,843	13,881	13,030	11,898	27,042	27,971	26,939	25,124	25,112	23,399
+ LT Borrowings	12,194	13,089	12,419	13,992	13,693	12,843	13,881	13,030	11,898	27,042	27,971	26,939	25,124	25,112	23,399
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	13,141	12,547	11,481	9,691	10,099	8,673	11,903	8,000	7,579	7,736	7,415	5,611	7,137	5,629	5,185
+ Accrued Liabilities	4,618	7,562	6,652	6,854	6,088	4,667	8,416	5,247	4,993	5,083	4,532	3,692	5,597	2,799	3,749
+ Pension Liabilities	3,593	4,021	4,239	2,367	3,473	3,522	3,022	2,432	2,293	2,270	2,502	1,636	1,216	1,209	1,071
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	4,930	964	590	470	538	484	465	321	293	383	381	283	324	1,621	365
Total Noncurrent Liabilities	25,335	25,636	23,900	23,683	23,792	21,516	25,784	21,030	19,477	34,778	35,386	32,550	32,261	30,741	28,584
Total Liabilities	32,175	33,068	32,159	30,741	31,465	28,586	33,159	27,822	40,670	42,952	44,449	41,129	40,877	42,060	37,365
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	6,686	6,609	6,623	6,649	6,670	6,748	6,828	6,887	6,896	6,905	6,845	6,792	6,822	6,841	6,840
+ Common Stock	935	935	935	935	935	935	935	935	935	935	935	935	935	935	935
+ Additional Paid in Capital	5,751	5,674	5,688	5,714	5,735	5,813	5,893	5,952	5,961	5,970	5,910	5,857	5,887	5,906	5,905
- Treasury Stock	23,469	24,625	25,731	26,320	27,251	27,845	28,912	31,864	33,524	34,358	34,344	36,006	37,816	38,802	42,194
+ Retained Earnings	23,459	23,583	24,316	25,168	26,277	27,257	36,906	42,251	43,962	36,539	34,679	30,664	29,792	31,094	35,516
+ Other Equity	-1,484	-1,887	-2,040	-1,378	-2,682	-3,280	-2,052	-1,897	-2,547	-2,864	-4,341	-3,056	-2,771	-2,673	-2,400
Equity Before Minority Interest	5,192	3,680	3,168	4,119	3,014	2,880	12,770	15,377	14,787	6,222	2,839	-1,606	-3,973	-3,540	-2,238
+ Minority/Non Controlling Interest	35	3	2	-1	-4	-7	3	3	2	97	126	- -	50	50	50
Total Equity	5,227	3,683	3,170	4,118	3,010	2,873	12,773	15,380	14,789	6,319	2,965	-1,606	-3,923	-3,490	-2,188
Total Liabilities & Equity	37,402	36,751	35,329	34,859	34,475	31,459	45,932	43,202	55,459	49,271	47,414	39,523	36,954	38,570	35,177
Shares Outstanding	2,089	2,044	2,010	1,993	1,971	1,960	1,942	1,901	1,874	1,858	1,858	1,823	1,786	1,763	1,691
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	9,880	10,419	10,978	11,342	11,372	10,478	9,312	12,641	24,413	25,925	24,526	23,500	22,650	22,547	21,799
Net Debt to Equity	189.02	282.89	346.31	275.42	377.81	364.71	72.9	82.19	165.08	410.27	827.18	-1,463.26	-577.36	-646.05	-996.3
Tangible Common Equity Ratio	-60	-69.76	-77.9	-74.4	-83.57	-102.08	-15.9	-9.13	-7.07	-36.76	-50.05	-86.61	-110.78	-132.47	-144.87
Current Ratio	0.87	0.93	0.76	0.93	0.9	0.69	0.98	0.64	0.2	0.59	0.79	0.71	0.84	0.49	0.51
Cash Conversion Cycle	63.29	64.4	63.83	73.6	75.35	79.13	79.19	87.44	96.55	103.07	84.78	58.36	54.02	53.15	31.76
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	3,907	3,393	4,183	4,535	5,070	5,243	14,244	10,227	6,967	-1,298	4,454	2,475	5,764	8,130	11,264
+ Depreciation & Amortization	276	253	225	212	208	225	204	209	227	226	257	244	226	272	286
+ Non-Cash Items	-1,107	-124	-1,717	186	-421	117	-10,352	-3,681	122	8,962	3,425	5,683	2,852	932	-2,948
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	124	-443	-929	-86	-129	-132	3,119	-3,126	-57	-95	-164	-1,181	-931	881	-177
+ Asset Impairment Charge	-188	178	-73	-35	-9	1	106	-38	354	8,600	2,600	- -	- -	- -	389
+ Other Non-Cash Adj	-1,043	141	-715	307	-283	248	-13,577	-517	-175	457	989	6,864	3,783	51	-3,160
+ Chg in Non-Cash Work Cap	-309	59	1,194	-558	-194	258	-270	-1,854	1,075	-53	249	3	-586	-47	151
+ (Inc) Dec in Accts Receiv	15	-19	202	78	-8	3	-27	10	- -	-8	20	-18	-21	6	-106
+ (Inc) Dec in Inventories	7	24	33	-133	-184	-33	-34	-171	-129	42	2	57	14	-15	102
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-57	-114	90	-301	104	116	135	-1,314	1,007	-187	271	-52	-332	-324	-93
+ Inc (Dec) in Other	-274	168	869	-202	-106	172	-344	-379	197	100	-44	16	-247	286	248
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,767	3,581	3,885	4,375	4,663	5,843	3,826	4,901	8,391	7,837	8,385	8,405	8,256	9,287	8,753
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	312	490	1,049	716	369	222	738	128	72	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	312	490	1,049	716	369	354	741	133	72	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	-132	-3	-5	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	-102	- -	3,150	-415	-12,815	-2,320	- -	1,176	1,000	-1,051	2,353
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	4,773	- -	- -	- -	- -	1,176	1,000	1,700	2,353
+ Cash for Acq of Subs	- -	- -	- -	- -	-102	- -	-1,623	-415	-12,815	-2,320	- -	- -	- -	-2,751	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-53	-103	-129	-114	-90	-237	-180	-180	-245	-78	-143	36	-218	-232	-178
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	259	387	920	602	177	-15	3,708	-467	-12,988	-2,398	-143	1,212	782	-1,283	2,175
+ Dividends Paid	-2,958	-3,222	-3,400	-3,612	-3,892	-4,179	-4,512	-4,807	-5,415	-6,069	-6,290	-6,446	-6,599	-6,779	-6,845
+ Net Cash From Debt	232	1,494	187	620	174	-1,793	1,043	- -	11,936	2,321	993	-1,070	-1,105	-568	-1,121
+ Cash From Debt	1,007	1,494	2,787	4,179	999	- -	1,976	- -	12,800	16,265	4,993	5,472	- -	2,998	- -
+ Repayments of Debt	-775	- -	-2,600	-3,559	-825	-1,793	-933	- -	-864	-13,944	-4,000	-6,542	-1,105	-3,566	-1,121
+ Cash (Repurchase) of Equity	104	-1,298	-1,082	-634	-939	-554	-1,030	-2,917	-1,673	-845	- -	-1,675	-1,825	-1,000	-3,400
+ Increase in Capital Stock	104	29	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-1,327	-1,082	-634	-939	-554	-1,030	-2,917	-1,673	-845	- -	-1,675	-1,825	-1,000	-3,400
+ Other Financing Activities	39	14	-880	-1,076	-37	-254	-830	-47	-132	-119	-99	-838	-12	-27	-125
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2,583	-3,012	-5,175	-4,702	-4,694	-6,780	-5,329	-7,771	4,716	-4,712	-5,396	-10,029	-9,541	-8,374	-11,491
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	443	956	-370	275	146	-952	2,205	-3,337	119	727	2,846	-412	-503	-370	-563
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	6,540	6,543	7,539	8,307	7,827	8,590	9,114	9,834	9,725	10,711	11,130	11,804	12,145	11,819	11,916
EBITDA Margin (%)	38.72	39.37	43.08	47.03	43.62	45.56	47.13	50.45	49.55	54.11	53.4	55.91	58.71	57.65	58.29
Net Cash Paid for Acquisitions	- -	- -	- -	- -	102	- -	-3,150	415	12,815	2,320	- -	-1,176	-1,000	1,051	-2,353
Free Cash Flow	2,767	3,581	3,885	4,375	4,663	5,843	3,826	4,901	8,391	7,837	8,385	8,405	8,256	9,287	8,753
Free Cash Flow to Firm	3,543	4,323	4,613	5,063	5,191	6,376	4,321	- -	8,911	5,597	9,176	9,174	9,136	10,142	9,680
Free Cash Flow to Equity	2,999	5,075	4,072	4,995	4,837	4,050	4,869	4,901	20,327	10,158	9,378	7,335	7,151	8,719	7,632
Free Cash Flow per Basic Share	1.33	1.73	1.92	2.19	2.37	2.98	1.96	2.55	4.45	4.19	4.51	4.56	4.58	5.27	5.09
Price/Free Cash Flow	7.92	7.76	7.83	8.81	10.99	10.74	19.66	16.53	6.91	7.91	6.6	8.11	8.43	7.11	10.26
Cash Flow to Net Income	0.71	1.06	0.93	0.96	0.92	1.11	0.27	0.48	1.21	-6.06	1.88	3.4	1.43	1.14	0.78

Altria Group, Inc.

Income Statement

Balance Sheet

Cash Flow Statement