Altria Group (MO) FY2015 results: revenue $25.4 billion, up 3.7% on the year
Altria Group, Inc. (MO) reported revenue of $25.4 billion for fiscal 2015, the year ended 31 December 2015, up 3.7% on the year before. Net income was $5.2 billion, up 3.4%, and diluted earnings per share $2.67. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$25.4 billion
+3.7% on the year
FY2008FY2015
Operating margin
32.9%
31.1% a year earlier
FY2008FY2015
Net income
$5.2 billion
+3.4% on the year
FY2008FY2015
Diluted EPS
$2.67
+4.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
25,434
24,522
24,466
+3.7%
Cost of revenue
7,740
7,785
7,206
-0.6%
Gross profit
11,114
10,160
10,457
+9.4%
Gross margin
43.7%
41.4%
42.7%
Research and development
186
167
153
+11.4%
Operating income
8,361
7,620
8,084
+9.7%
Operating margin
32.9%
31.1%
33.0%
Interest expense
808
857
1,053
-5.7%
Pre-tax income
8,078
7,774
6,942
+3.9%
Income tax
2,835
2,704
2,407
+4.8%
Effective tax rate
35.1%
34.8%
34.7%
Net income
5,241
5,070
4,535
+3.4%
Net margin
20.6%
20.7%
18.5%
Diluted EPS
$2.67
$2.56
$2.26
+4.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
5,843
4,663
4,375
+25.3%
Capital expenditure
229
163
131
+40.5%
Free cash flow
5,614
4,500
4,244
+24.8%
Free cash flow margin
22.1%
18.4%
17.3%
Cash from investing
-15.0
177
602
Cash from financing
-6,780
-4,694
-4,702
Depreciation and amortisation
225
208
212
+8.2%
Buybacks
554
939
634
-41.0%
Dividends paid
4,179
3,892
3,612
+7.4%
Dividend per share
$2.17
$2.00
$1.84
+8.5%
Shares outstanding at period end
1,960m
1,971m
1,993m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,880
3,014
4,119
-4.4%
Non-controlling interest
-7.0
-4.0
-1.0
Redeemable equity
37.0
35.0
35.0
+5.7%
Short-term borrowings
0.0
0.0
0.0
Debt
12,847
14,693
14,517
-12.6%
Other liabilities
15,702
16,737
16,189
-6.2%
Total liabilities and equity
31,459
34,475
34,859
-8.7%
Fixed assets
1,982
1,983
2,028
-0.1%
Goodwill
5,285
5,285
5,174
0.0%
Intangible assets
12,028
12,049
12,058
-0.2%
Cash and equivalents
2,369
3,321
3,175
-28.7%
Receivables
124
124
115
0.0%
Inventory
2,031
2,040
1,879
-0.4%
Other assets
7,640
9,673
10,430
-21.0%
Total assets
31,459
34,475
34,859
-8.7%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.