Net (earnings) losses attributable to noncontrolling interests

[Table of Contents](#i56e1b64ac11b4f908f713ce45f591ccd_10)    Altria Group, Inc. and SubsidiariesCondensed Consolidated Statements of Earnings (Losses)(in millions of dollars, except per share data)(Unaudited)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | For the Nine Months Ended September 30, |  | For the Three Months Ended September 30, |
|  |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Net revenues |  | $ | 18,985  |  |  | $ | 19,758  |  |  | $ | 6,550  |  |  | $ | 6,786  |  |
| Cost of sales |  | 4,869  |  |  | 5,348  |  |  | 1,715  |  |  | 1,858  |  |
| Excise taxes on products |  | 3,380  |  |  | 3,733  |  |  | 1,138  |  |  | 1,255  |  |
| Gross profit |  | 10,736  |  |  | 10,677  |  |  | 3,697  |  |  | 3,673  |  |
| Marketing, administration and research costs |  | 1,635  |  |  | 1,850  |  |  | 585  |  |  | 722  |  |
| Operating income |  | 9,101  |  |  | 8,827  |  |  | 3,112  |  |  | 2,951  |  |
| Interest and other debt expense, net |  | 832  |  |  | 869  |  |  | 271  |  |  | 266  |  |
| Loss on early extinguishment of debt |  | —  |  |  | 649  |  |  | —  |  |  | —  |  |
| Net periodic benefit income, excluding service cost |  | (137) |  |  | (152) |  |  | (44) |  |  | (63) |  |
| (Income) losses from investments in equity securities |  | 3,707  |  |  | 5,789  |  |  | 2,478  |  |  | 5,915  |  |
|  |  |  |  |  |  |  |  |  |
| (Gain) loss on Cronos-related financial instruments |  | 14  |  |  | 128  |  |  | —  |  |  | 135 |
| Earnings (losses) before income taxes |  | 4,685  |  |  | 1,544  |  |  | 407  |  |  | (3,302) |  |
| Provision (benefit) for income taxes |  | 1,611  |  |  | 693  |  |  | 183  |  |  | (582) |  |
| Net earnings (losses) |  | 3,074  |  |  | 851  |  |  | 224  |  |  | (2,720) |  |
| Net (earnings) losses attributable to noncontrolling interests |  | —  |  |  | —  |  |  | —  |  |  | (2) |  |
| Net earnings (losses) attributable to Altria |  | $ | 3,074  |  |  | $ | 851  |  |  | $ | 224  |  |  | $ | (2,722) |  |
| Per share data: |  |  |  |  |  |  |  |  |
| Basic and diluted earnings (losses) per share attributable to Altria |  | $ | 1.69  |  |  | $ | 0.46  |  |  | $ | 0.12  |  |  | $ | (1.48) |  |

  
See notes to condensed consolidated financial statements.  
5
