For the quarter ending 2025-09-30, MO had $2,185M increase in cash & cash equivalents over the period. $3,040M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net earnings | 2,375 | 2,378 | 1,077 | 3,039 |
| Depreciation and amortization | 70 | 71 | 71 | 73 |
| Deferred income tax provision | -227 | 7 | 26 | 492 |
| Unrecognized tax benefit | 291 | 0 | 0 | -1,208 |
| Income Loss From Equity Method Investments | - | - | - | 122 |
| Juul-JUUL | - | - | - | 0 |
| Fair value adjustment for njoy transaction contingent payments | 0 | 0 | -115 | - |
| (income) losses from investments in equity securities | 107 | 148 | 143 | 122 |
| Gain on the sale of iqos system commercialization rights | 0 | -2,700 | - | 2,700 |
| Dividends from abi | 0 | 181 | - | 0 |
| Asset impairment and exit costs, net of cash paid | -5 | -4 | - | - |
| Asset impairment and exit costs | - | - | - | 389 |
| Impairment of goodwill | 0 | 0 | 873 | - |
| Receivables | 10 | -18 | 80 | 92 |
| Inventories | 49 | -45 | 18 | 12 |
| Accounts payable | 93 | 13 | -136 | 184 |
| Income taxes | 137 | -298 | 565 | 402 |
| Accrued liabilities and other current assets | 367 | 187 | 302 | -369 |
| Accrued settlement charges | 789 | -1,934 | 678 | 236 |
| Pension plan contributions | 2 | 4 | 5 | 5 |
| Pension and postretirement, net | -23 | -17 | -20 | -31 |
| Other, net | 129 | 84 | 109 | -20 |
| Net cash provided by (used in) operating activities | 3,094 | 205 | 2,720 | 3,340 |
| Capital expenditures | 54 | 32 | 38 | 47 |
| Proceeds from the abi transaction | 0 | 0 | 0 | 0 |
| Proceeds from the sale of iqos system commercialization rights | - | - | - | 0 |
| Acquisition of njoy, net of cash acquired | - | - | - | 0 |
| Other, net | 6 | 4 | 5 | 16 |
| Net cash provided by (used in) investing activities | -60 | -36 | -43 | -63 |
| Proceeds from short-term borrowings | - | - | - | 0 |
| Repayment of short-term borrowings | - | - | - | 0 |
| Long-term debt issued | 995 | 0 | 997 | 0 |
| Long-term debt repaid | 0 | 1,607 | 0 | 0 |
| Repurchase of common stock | 112 | 274 | 326 | 310 |
| Dividends paid on common stock | 1,721 | 1,724 | 1,730 | 1,737 |
| Other, net | -11 | -3 | -26 | 0 |
| Net cash provided by (used in) financing activities | -849 | -3,608 | -1,085 | -2,047 |
| Increase (decrease) | 2,185 | -3,439 | 1,592 | 1,230 |
| Cash and cash equivalents at beginning of period | 1,311 | 4,750 | 3,158 | 1,928 |
| Cash and cash equivalents at end of period | 3,496 | 1,311 | 4,750 | 3,158 |
ALTRIA GROUP, INC. (MO)
ALTRIA GROUP, INC. (MO)