Altria Group (MO) FY2021 results: revenue $26.0 billion, down 0.5% on the year
Altria Group, Inc. (MO) reported revenue of $26.0 billion for fiscal 2021, the year ended 31 December 2021, down 0.5% on the year before. Net income was $2.5 billion, down 44.6%, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$26.0 billion
-0.5% on the year
FY2014FY2021
Operating margin
44.4%
41.6% a year earlier
FY2014FY2021
Net income
$2.5 billion
-44.6% on the year
FY2014FY2021
Diluted EPS
$1.34
-44.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
8,405
8,385
7,837
+0.2%
Capital expenditure
169
231
246
-26.8%
Free cash flow
8,236
8,154
7,591
+1.0%
Free cash flow margin
31.7%
31.2%
30.2%
Cash from investing
1,212
-143
-2,398
Cash from financing
-10,029
-5,396
-4,712
Depreciation and amortisation
244
257
226
-5.1%
Buybacks
1,675
0.0
845
Dividends paid
6,446
6,290
6,069
+2.5%
Dividend per share
$3.52
$3.40
$3.28
+3.5%
Diluted shares, weighted
1,845m
1,859m
1,869m
-0.8%
Shares outstanding at period end
1,823m
1,858m
1,858m
-1.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-1,606
2,839
6,222
Non-controlling interest
0.0
86.0
97.0
Redeemable equity
0.0
40.0
38.0
Short-term borrowings
0.0
0.0
0.0
Debt
28,044
29,471
28,042
-4.8%
Other liabilities
13,085
14,978
14,872
-12.6%
Total liabilities and equity
39,523
47,414
49,271
-16.6%
Fixed assets
1,553
2,012
1,999
-22.8%
Goodwill
5,177
5,177
5,177
0.0%
Intangible assets
12,306
12,615
12,687
-2.4%
Cash and equivalents
4,544
4,945
2,117
-8.1%
Receivables
47.0
137
152
-65.7%
Inventory
1,194
1,966
2,293
-39.3%
Other assets
14,702
20,562
24,846
-28.5%
Total assets
39,523
47,414
49,271
-16.6%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.