Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 31, 2024.

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Altria Group Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net earnings (losses)
Depreciation and amortization
Deferred income tax benefit
Unrecognized tax benefit
(Income) losses from investments in equity securities
Dividends from ABI
Loss on Cronos-related financial instruments
Impairment of JUUL equity securities
Loss on early extinguishment of debt
Receivables
Inventories
Accounts payable
Income taxes
Accrued liabilities and other current assets
Accrued settlement charges
Cash effects of changes in operating capital
Pension plan contributions
Pension and postretirement, net
Other, net
Adjustments to reconcile net earnings (losses) to operating cash flows
Net cash provided by operating activities
Capital expenditures
Proceeds from the sale of IQOS System commercialization rights
Acquisitions of businesses and assets
Investment in Cronos
Proceeds from the Ste. Michelle Transaction, net of cash transferred
Acquisition of NJOY, net of cash acquired
Other, net
Net cash (used in) provided by investing activities
Proceeds from short-term borrowings
Repayment of short-term borrowings
Long-term debt issued
Long-term debt repaid
Repurchases of common stock
Dividends paid on common stock
Premiums and fees related to early extinguishment of debt
Other, net
Net cash used in financing activities
Cash, cash equivalents and restricted cash, increase (decrease)
Cash, cash equivalents and restricted cash, balance at beginning of year
Cash, cash equivalents and restricted cash, balance at end of year

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


The analysis of the annual financial data reveals several notable trends and fluctuations in various financial metrics over the five-year period.

Net Earnings (Losses)
Net earnings displayed considerable volatility, starting with a substantial loss in 2019, followed by meaningful profits in subsequent years, peaking significantly in 2023. This suggests a strong recovery and improved profitability trajectory.
Depreciation and Amortization
Depreciation and amortization expenses remained relatively stable, fluctuating slightly but generally maintaining a consistent level across the years.
Deferred Income Tax Benefit
The deferred income tax benefit showed a negative trend with increasingly large negative amounts primarily in 2021 and 2022, before a lesser negative figure in 2023, indicating variability in tax-related adjustments.
Unrecognized Tax Benefit
This item appeared only from 2021 onward, showing a sharp increase in 2023, which may suggest the recognition of prior uncertain tax positions or settlements.
Income (Losses) from Investments in Equity Securities
Investments in equity securities exhibited wide swings, with a major loss in 2019, positive gains for several years including a peak in 2021, and a reversal to loss again in 2023, reflecting high variability in equity investment performance.
Dividends from ABI and Other Income Items
Dividends from ABI remained relatively steady, with a modest increase in 2023. Other income components such as loss on Cronos-related financial instruments and impairment of JUUL securities showed significant impact in earlier years but diminished or ceased in recent years.
Working Capital Components
Receivables fluctuated close to zero with no consistent trend, inventories showed minor volatility with a negative closing position in 2023, and accounts payable increased over the period but declined in 2023. Accrued liabilities and other current assets were variable, with a notable positive increase towards 2023.
Cash Effects of Changes in Operating Capital
These cash effects were quite volatile year-over-year, with a marked negative impact in 2022, indicating significant working capital adjustments affecting operating cash flows.
Pension and Postretirement Contributions
Both pension plan contributions and the net pension and postretirement figures showed consistent negative values, although contributions declined slightly over time, suggesting ongoing but tapering obligations.
Adjustments to Reconcile Net Earnings to Operating Cash Flows
These adjustments demonstrated a downward trend from very high levels in 2019 to lower values in 2023, which may reflect changes in non-cash items or operational adjustments.
Net Cash Provided by Operating Activities
Operating cash flows generally increased moderately over the period, reaching the highest value in 2023, indicating strong operational cash generation despite earnings volatility.
Capital Expenditures
Capital expenditures were fairly stable, with a slight decrease overall, reflecting consistent but controlled investment in property, plant, and equipment.
Investing Activities
Investing cash flows were variable, with positive inflows in the middle period attributable to proceeds from asset sales and transactions, but negative outflows in 2019 and 2023, possibly due to business acquisitions and investments in new ventures.
Financing Activities
Cash used in financing activities was consistently negative, indicating net outflows, predominantly for debt repayments and dividends paid. Repurchases of common stock were substantial in some years but decreased notably in 2023. Debt issuance and repayment activities reflected active management of the capital structure.
Cash Balance Trends
The ending cash balance peaked dramatically in 2020, followed by a gradual decrease in subsequent years, reaching a lower position in 2023 compared to the peak, but still above the initial 2019 level, indicating relatively strong liquidity management despite fluctuations.