ALTRIA GROUP, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | 2025 | 2024 |
|---|---|---|
| Cash Provided by (Used in) Operating Activities | ||
| Net earnings | $5,830 | $8,225 |
| Adjustments to reconcile net earnings to operating cash flows: | ||
| Depreciation and amortization | 212 | 213 |
| Deferred income tax provision | (194) | 459 |
| Unrecognized tax benefit (1) | 291 | 80 |
| Fair value adjustment for NJOY Transaction contingent payments | 25 | — |
| (Income) losses from investments in equity securities | (398) | (530) |
| Gain on the sale of IQOS System commercialization rights | — | (2,700) |
| Dividends from ABI | 181 | 139 |
| Asset impairment and exit costs, net of cash paid | (9) | 354 |
| Impairment of goodwill | 873 | — |
| Cash effects of changes: | ||
| Receivables | (72) | (14) |
| Inventories | (22) | 114 |
| Accounts payable | (30) | (68) |
| Income taxes | 404 | 396 |
| Accrued liabilities and other current assets | (856) | (919) |
| Accrued settlement charges | (467) | (445) |
| Pension plan contributions | (11) | (13) |
| Pension and postretirement, net | (60) | (76) |
| Other, net | 322 | 198 |
| Net cash provided by (used in) operating activities | 6,019 | 5,413 |
| Cash Provided by (Used in) Investing Activities | ||
| Capital expenditures | (124) | (95) |
| Proceeds from the ABI Transaction (2) | — | 2,353 |
| Other, net | (15) | (20) |
| Net cash provided by (used in) investing activities | $(139) | $2,238 |
(1)2025 relates to unrecognized tax benefits from the change in the application of foreign attribution rules relevant to our investment in ABI. See Note 13. Income Taxes.
(2)See Note 6. Investments in Equity Securities.
Condensed Consolidated Statements of Cash Flows (Continued)
| For the Nine Months Ended September 30, | 2025 | 2024 |
|---|---|---|
| Cash Provided by (Used in) Financing Activities | ||
| Long-term debt issued | $1,992 | $— |
| Long-term debt repaid | (1,607) | (1,121) |
| Repurchases of common stock | (712) | (3,090) |
| Dividends paid on common stock | (5,175) | (5,108) |
| Other, net | (40) | (125) |
| Net cash provided by (used in) financing activities | (5,542) | (9,444) |
| Cash, cash equivalents and restricted cash: | ||
| Increase (decrease) | 338 | (1,793) |
| Balance at beginning of period | 3,158 | 3,721 |
| Balance at end of period | $3,496 | $1,928 |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash (1) to the amounts reported on our condensed consolidated balance sheets: | ||
| September 30, 2025 | December 31, 2024 | |
| Cash and cash equivalents | $3,472 | $3,127 |
| Restricted cash included in other current assets | 9 | 8 |
| Restricted cash included in other assets | 15 | 23 |
| Cash, cash equivalents and restricted cash | $3,496 | $3,158 |
(1)Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 14. Contingencies.
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