earnings
confidence high
sentiment negative
materiality 0.80
Altria FY2021 net earnings down 44% to $2.48B; equity method losses of $5.98B
ALTRIA GROUP, INC.
2021-FY EPS reported
$1.34
revenue$26,013,000,000
- Net earnings $2.48B ($1.34 EPS) down 44% from $4.47B ($2.40 EPS) in 2020.
- Equity method investments recorded $5.98B loss, primarily from ABI and Cronos; no new JUUL impairment.
- Stockholders' equity deficit of $1.61B at Dec 31, 2021 vs positive $2.93B a year earlier, due to share buybacks and losses.
- Recorded $649M loss on early extinguishment of debt; total debt reduced to $28.0B from $29.5B.
- Dividend raised 3.5% to $3.52/share; $6.45B dividends paid; $1.68B in share repurchases during 2021.