Income StatementBalance SheetCash FlowSegments
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Altria Group Cash Flow Statement

Operating, investing, and financing cash movements

Altria Group generated $8.9B in operating cash flow over the trailing twelve months. After $271.0M in capital expenditures, free cash flow was $8.6B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$8.9BNet Cash From Investing (TTM)-$407.0MNet Cash From Financing (TTM)-$9.7BCapital Expenditures (TTM)$271.0MDepreciation And Amortization Cf (TTM)$251.0MNet Change In Cash (TTM)-$1.2B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$123.10B
P/E Ratio15.29
ROE-239.64%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$47.0M$38.0M$32.0M$54.0M$92.0M$93.0M
Payment for (Proceeds from) Other Investing Activity—$5.0M———$16.0M
Net cash from investing activities$0.0-$43.0M-$36.0M-$60.0M-$202.0M-$109.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$184.0M-$136.0M$13.0M$93.0M$64.0M-$24.0M
Change in income taxes payable/receivable$402.0M$565.0M-$298.0M$137.0M$286.0M$610.0M
Change in inventories—$18.0M-$45.0M$49.0M$5.0M$76.0M
Other working capital changes—$109.0M$84.0M$129.0M—$65.0M
Change in receivables$92.0M$80.0M-$18.0M$10.0M$14.0M$20.0M
Deferred income taxes$492.0M$26.0M$7.0M-$227.0M-$122.0M$46.0M
Depreciation and amortization$73.0M$71.0M$71.0M$70.0M$54.0M$56.0M
Gain (loss) on sale of assets$675.0M$0.0$0.0$0.0$0.0—
Net cash from operating activities$3.3B$2.7B$205.0M$3.1B$3.3B$2.3B
Net income$3.0B$1.1B$2.4B$2.4B$1.1B$2.2B
Asset impairment and exit costs, net of cash paid$97.3M-$1.0M-$3.0M-$5.0M$969.0M-$5.0M
Fair value adjustment for NJOY Transaction contingent payments, net of cash paid$0.0$25.0M$0.0$0.0$0.0$0.0
Gain (Loss) From Equity Securities$122.0M$143.0M$148.0M$107.0M$112.0M$158.0M
Impairment of goodwill—$873.0M$0.0$0.0—$0.0
Increase (Decrease) in Other Current Assets and Liabilities, Net—$302.0M———$998.0M
Accrued settlement charges—$678.0M-$1.9B$789.0M—$659.0M
Pension and other postretirement income—-$20.0M———-$10.0M
Payment for Pension Benefits—$5.0M———$4.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$997.0M$0.0$995.0M$0.0$0.0
Repayments of debt$0.0$0.0$1.6B$0.0$0.0$1.1B
Dividends paid$1.7B$1.7B$1.7B$1.7B$1.8B$1.8B
Other, net—-$26.0M———-$28.0M
Net cash from financing activities-$2.0B-$1.1B-$3.6B-$849.0M-$2.1B-$3.2B
Repurchases of common stock$310.0M$326.0M$274.0M$112.0M$288.0M$280.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$3.3B$2.7B$173.0M$3.0B$3.2B$2.2B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$450.5M$423.8M$423.8M$423.8M$423.8M—
Interest paid$278.3M$278.5M$278.5M$278.5M$278.5M—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$1.6B-$3.4B$2.2B$996.0M-$942.0M