Altria said net cash from operating activities in 2024 was $8.8 billion, a decrease from $9.3 billion in 2023. Investing activities generated net inflows of $2.2 billion, and financing activities resulted in net outflows of $11.5 billion.

1. 01

   Altria said net cash from operating activities in 2024 was $8.8 billion, a decrease from $9.3 billion in 2023. Investing activities generated net inflows of $2.2 billion, and financing activities resulted in net outflows of $11.5 billion.

2. 02

   The company said it received pre-tax cash proceeds of approximately $2.4 billion from the ABI Transaction in March 2024 and used the proceeds to fund ASR transactions. It increased its share repurchase program from $1.0 billion to $3.4 billion and paid $2.4 billion for ASRs in the first half of 2024.

3. 03

   Altria said it had cash and cash equivalents of $3.1 billion as of December 31, 2024, total long-term debt of $24.9 billion (compared with $26.2 billion at the end of 2023) and availability under its Credit Agreement of $3.0 billion.

4. 04

   The company said net revenues in its oral tobacco products segment increased $109 million (4.1%). Reported OCI decreased $273 million (15.9%), due primarily to a non-cash impairment of the Skoal trademark of $354 million, while adjusted OCI increased $89 million (5.2%).

Key figures

Fiscal year ended December 31, 2024

Revenue

$24.0B

Operating income

$11.2B

Net income

$11.3B

EPS

$6.54

Gross profit

$14.4B

Operating cash flow

$8.8B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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