Altria Group (MO) FY2022 results: revenue $25.1 billion, down 3.5% on the year
Altria Group, Inc. (MO) reported revenue of $25.1 billion for fiscal 2022, the year ended 31 December 2022, down 3.5% on the year before. Net income was $5.8 billion, up 132.9%, and diluted earnings per share $3.19. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$25.1 billion
-3.5% on the year
FY2015FY2022
Operating margin
47.5%
44.4% a year earlier
FY2015FY2022
Net income
$5.8 billion
+132.9% on the year
FY2015FY2022
Diluted EPS
$3.19
+138.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,256
8,405
8,385
-1.8%
Capital expenditure
205
169
231
+21.3%
Free cash flow
8,051
8,236
8,154
-2.2%
Free cash flow margin
32.1%
31.7%
31.2%
Cash from investing
782
1,212
-143
-35.5%
Cash from financing
-9,541
-10,029
-5,396
Depreciation and amortisation
226
244
257
-7.4%
Buybacks
1,825
1,675
0.0
+9.0%
Dividends paid
6,599
6,446
6,290
+2.4%
Dividend per share
$3.68
$3.52
$3.40
+4.5%
Diluted shares, weighted
1,804m
1,845m
1,859m
-2.2%
Shares outstanding at period end
1,786m
1,823m
1,858m
-2.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-3,973
-1,606
2,839
Non-controlling interest
50.0
0.0
86.0
Redeemable equity
n/a
0.0
40.0
Short-term borrowings
0.0
0.0
0.0
Debt
26,680
28,044
29,471
-4.9%
Other liabilities
14,197
13,085
14,978
+8.5%
Total liabilities and equity
36,954
39,523
47,414
-6.5%
Fixed assets
1,608
1,553
2,012
+3.5%
Goodwill
5,177
5,177
5,177
0.0%
Intangible assets
12,384
12,306
12,615
+0.6%
Cash and equivalents
4,030
4,544
4,945
-11.3%
Receivables
48.0
47.0
137
+2.1%
Inventory
1,180
1,194
1,966
-1.2%
Other assets
12,527
14,702
20,562
-14.8%
Total assets
36,954
39,523
47,414
-6.5%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.