Altria

At a glance

Buybacks

19.4%^cr!Buybacks as a share of free cash flowSEC EDGAR · CIK 00007641800001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24NetCashProvidedByUsedInOperatingActivities0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsForRepurchaseOfCommonStock0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsToAcquirePropertyPlantAndEquipment0000764180-13-000024 · FY2010 · period ended 2010-12-31 · filed 2013-02-27PaymentsForRepurchaseOfCommonStock0001193125-11-045778 · FY2010 · period ended 2010-12-31 · filed 2011-02-25NetCashProvidedByUsedInOperatingActivities0001193125-11-045778 · FY2010 · period ended 2010-12-31 · filed 2011-02-25PaymentsToAcquirePropertyPlantAndEquipment0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16NetCashProvidedByUsedInOperatingActivities0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16PaymentsForRepurchaseOfCommonStock0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16PaymentsToAcquirePropertyPlantAndEquipment0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27NetCashProvidedByUsedInOperatingActivities0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27PaymentsForRepurchaseOfCommonStock0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26PaymentsForRepurchaseOfCommonStock0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsForRepurchaseOfCommonStock0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25NetCashProvidedByUsedInOperatingActivities0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsForRepurchaseOfCommonStock0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27NetCashProvidedByUsedInOperatingActivities0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsForRepurchaseOfCommonStock0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27NetCashProvidedByUsedInOperatingActivities0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27PaymentsForRepurchaseOfCommonStock0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26NetCashProvidedByUsedInOperatingActivities0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsForRepurchaseOfCommonStock0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25NetCashProvidedByUsedInOperatingActivities0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25PaymentsForRepurchaseOfCommonStock0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26NetCashProvidedByUsedInOperatingActivities0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26PaymentsForRepurchaseOfCommonStock0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25NetCashProvidedByUsedInOperatingActivities0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25PaymentsForRepurchaseOfCommonStock0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27NetCashProvidedByUsedInOperatingActivities0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27PaymentsForRepurchaseOfCommonStock0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27NetCashProvidedByUsedInOperatingActivities0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsForRepurchaseOfCommonStock0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26NetCashProvidedByUsedInOperatingActivities0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsForRepurchaseOfCommonStock0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25NetCashProvidedByUsedInOperatingActivities0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsForRepurchaseOfCommonStock0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (PaymentsForRepurchaseOfCommonStock FY2010); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2015; NetCashProvidedByUsedInOperatingActivities FY2016; NetCashProvidedByUsedInOperatingActivities FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2011; NetCashProvidedByUsedInOperatingActivities FY2012).

Share of free cash flow, fiscal 2009–2025

Details and every year

Dividends

82.5%^r!Dividends as a share of free cash flowSEC EDGAR · CIK 00007641800001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24NetCashProvidedByUsedInOperatingActivities0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsOfDividendsCommonStock0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsToAcquirePropertyPlantAndEquipment0001193125-11-045778 · FY2010 · period ended 2010-12-31 · filed 2011-02-25NetCashProvidedByUsedInOperatingActivities0001193125-11-045778 · FY2010 · period ended 2010-12-31 · filed 2011-02-25PaymentsOfDividendsCommonStock0001193125-11-045778 · FY2010 · period ended 2010-12-31 · filed 2011-02-25PaymentsToAcquirePropertyPlantAndEquipment0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16NetCashProvidedByUsedInOperatingActivities0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16PaymentsOfDividendsCommonStock0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16PaymentsToAcquirePropertyPlantAndEquipment0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27NetCashProvidedByUsedInOperatingActivities0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27PaymentsOfDividendsCommonStock0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26PaymentsOfDividendsCommonStock0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsOfDividendsCommonStock0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25NetCashProvidedByUsedInOperatingActivities0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsOfDividendsCommonStock0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27NetCashProvidedByUsedInOperatingActivities0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsOfDividendsCommonStock0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27NetCashProvidedByUsedInOperatingActivities0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27PaymentsOfDividendsCommonStock0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26NetCashProvidedByUsedInOperatingActivities0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsOfDividendsCommonStock0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25NetCashProvidedByUsedInOperatingActivities0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25PaymentsOfDividendsCommonStock0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26NetCashProvidedByUsedInOperatingActivities0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26PaymentsOfDividendsCommonStock0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25NetCashProvidedByUsedInOperatingActivities0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25PaymentsOfDividendsCommonStock0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27NetCashProvidedByUsedInOperatingActivities0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27PaymentsOfDividendsCommonStock0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27NetCashProvidedByUsedInOperatingActivities0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsOfDividendsCommonStock0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26NetCashProvidedByUsedInOperatingActivities0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsOfDividendsCommonStock0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25NetCashProvidedByUsedInOperatingActivities0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsOfDividendsCommonStock0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsToAcquirePropertyPlantAndEquipmentr: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2015; NetCashProvidedByUsedInOperatingActivities FY2016; NetCashProvidedByUsedInOperatingActivities FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2011; NetCashProvidedByUsedInOperatingActivities FY2012).

Share of free cash flow, fiscal 2009–2025

Details and every year

Acquisitions

16.7%^cr!Acquisitions as a share of free cash flowSEC EDGAR · CIK 00007641800001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24NetCashProvidedByUsedInOperatingActivities0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsToAcquireBusinessesNetOfCashAcquired0001193125-10-039027 · FY2009 · period ended 2009-12-31 · filed 2010-02-24PaymentsToAcquirePropertyPlantAndEquipment0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27NetCashProvidedByUsedInOperatingActivities0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-15-000022 · FY2012 · period ended 2012-12-31 · filed 2015-02-25PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-15-000022 · FY2013 · period ended 2013-12-31 · filed 2015-02-25PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25NetCashProvidedByUsedInOperatingActivities0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27NetCashProvidedByUsedInOperatingActivities0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27NetCashProvidedByUsedInOperatingActivities0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-19-000023 · FY2017 · period ended 2017-12-31 · filed 2019-02-26PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26NetCashProvidedByUsedInOperatingActivities0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25NetCashProvidedByUsedInOperatingActivities0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25PaymentsToAcquirePropertyPlantAndEquipment0000764180-24-000018 · FY2021 · period ended 2021-12-31 · filed 2024-02-27PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27NetCashProvidedByUsedInOperatingActivities0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-24-000018 · FY2022 · period ended 2022-12-31 · filed 2024-02-27PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27NetCashProvidedByUsedInOperatingActivities0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27PaymentsToAcquirePropertyPlantAndEquipment0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26NetCashProvidedByUsedInOperatingActivities0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26PaymentsToAcquirePropertyPlantAndEquipment0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25NetCashProvidedByUsedInOperatingActivities0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsToAcquireBusinessesNetOfCashAcquired0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (PaymentsToAcquireBusinessesNetOfCashAcquired FY2012; PaymentsToAcquireBusinessesNetOfCashAcquired FY2013; PaymentsToAcquireBusinessesNetOfCashAcquired FY2017; PaymentsToAcquireBusinessesNetOfCashAcquired FY2021; PaymentsToAcquireBusinessesNetOfCashAcquired FY2022); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivities FY2015; NetCashProvidedByUsedInOperatingActivities FY2016; PaymentsToAcquireBusinessesNetOfCashAcquired FY2016; NetCashProvidedByUsedInOperatingActivities FY2017. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivities FY2012).

Share of free cash flow, fiscal 2009, 2012–2018, 2021–2025

Details and every year

Median ROIC

34.5%^r!Median return on invested capitalSEC EDGAR · CIK 00007641800001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16CashAndCashEquivalentsAtCarryingValue0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16LongTermDebtCurrent0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16LongTermDebtNoncurrent0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16ShortTermBorrowings0001193125-12-064660 · FY2011 · period ended 2011-12-31 · filed 2012-02-16StockholdersEquity0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27CashAndCashEquivalentsAtCarryingValue0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27IncomeTaxExpenseBenefit0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27LongTermDebtCurrent0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27LongTermDebtNoncurrent0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27OperatingIncomeLoss0000764180-13-000024 · FY2012 · period ended 2012-12-31 · filed 2013-02-27StockholdersEquity0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26CashAndCashEquivalentsAtCarryingValue0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26IncomeTaxExpenseBenefit0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26LongTermDebtCurrent0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26LongTermDebtNoncurrent0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26OperatingIncomeLoss0000764180-14-000025 · FY2013 · period ended 2013-12-31 · filed 2014-02-26StockholdersEquity0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25CashAndCashEquivalentsAtCarryingValue0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25IncomeTaxExpenseBenefit0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25LongTermDebtCurrent0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25LongTermDebtNoncurrent0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25OperatingIncomeLoss0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25ShortTermBorrowings0000764180-15-000022 · FY2014 · period ended 2014-12-31 · filed 2015-02-25StockholdersEquity0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25CashAndCashEquivalentsAtCarryingValue0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25IncomeTaxExpenseBenefit0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25LongTermDebtCurrent0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25LongTermDebtNoncurrent0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25OperatingIncomeLoss0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25ShortTermBorrowings0000764180-16-000128 · FY2015 · period ended 2015-12-31 · filed 2016-02-25StockholdersEquity0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27CashAndCashEquivalentsAtCarryingValue0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27IncomeTaxExpenseBenefit0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27LongTermDebtCurrent0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27LongTermDebtNoncurrent0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27OperatingIncomeLoss0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27ShortTermBorrowings0000764180-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-27StockholdersEquity0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27CashAndCashEquivalentsAtCarryingValue0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27LongTermDebtCurrent0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27LongTermDebtNoncurrent0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27ShortTermBorrowings0000764180-18-000028 · FY2017 · period ended 2017-12-31 · filed 2018-02-27StockholdersEquity0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26CashAndCashEquivalentsAtCarryingValue0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26IncomeTaxExpenseBenefit0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26LongTermDebtCurrent0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26LongTermDebtNoncurrent0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26OperatingIncomeLoss0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26ShortTermBorrowings0000764180-19-000023 · FY2018 · period ended 2018-12-31 · filed 2019-02-26StockholdersEquity0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25CashAndCashEquivalentsAtCarryingValue0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25LongTermDebtCurrent0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25LongTermDebtNoncurrent0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25ShortTermBorrowings0000764180-20-000018 · FY2019 · period ended 2019-12-31 · filed 2020-02-25StockholdersEquity0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26CashAndCashEquivalentsAtCarryingValue0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26IncomeTaxExpenseBenefit0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26LongTermDebtCurrent0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26LongTermDebtNoncurrent0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26OperatingIncomeLoss0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26ShortTermBorrowings0000764180-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-26StockholdersEquity0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25CashAndCashEquivalentsAtCarryingValue0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25IncomeTaxExpenseBenefit0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25LongTermDebtCurrent0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25LongTermDebtNoncurrent0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25OperatingIncomeLoss0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25ShortTermBorrowings0000764180-22-000019 · FY2021 · period ended 2021-12-31 · filed 2022-02-25StockholdersEquity0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27CashAndCashEquivalentsAtCarryingValue0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27IncomeTaxExpenseBenefit0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27LongTermDebtCurrent0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27LongTermDebtNoncurrent0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27OperatingIncomeLoss0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27ShortTermBorrowings0000764180-23-000020 · FY2022 · period ended 2022-12-31 · filed 2023-02-27StockholdersEquity0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27CashAndCashEquivalentsAtCarryingValue0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27IncomeTaxExpenseBenefit0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27LongTermDebtCurrent0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27LongTermDebtNoncurrent0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27OperatingIncomeLoss0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27ShortTermBorrowings0000764180-24-000018 · FY2023 · period ended 2023-12-31 · filed 2024-02-27StockholdersEquity0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26CashAndCashEquivalentsAtCarryingValue0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26IncomeTaxExpenseBenefit0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26LongTermDebtCurrent0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26LongTermDebtNoncurrent0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26OperatingIncomeLoss0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26ShortTermBorrowings0000764180-25-000019 · FY2024 · period ended 2024-12-31 · filed 2025-02-26StockholdersEquity0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25CashAndCashEquivalentsAtCarryingValue0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25IncomeTaxExpenseBenefit0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25LongTermDebtCurrent0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25LongTermDebtNoncurrent0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25OperatingIncomeLoss0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25ShortTermBorrowings0000764180-26-000017 · FY2025 · period ended 2025-12-31 · filed 2026-02-25StockholdersEquityr: a later 10-K shows a different figure for LongTermDebtNoncurrent FY2015; OperatingIncomeLoss FY2016. As filed is shown.!: tags disagree and the disagreement is unresolved (LongTermDebtCurrent FY2016).equity at or below zero in FY2021–FY2025; invested capital is calculated with the negative equity; ROIC median over 12 of 16 years (FY2012 to FY2025); no ROIC shown for FY2010: closing capital: FY2010: current portion of long-term debt not tagged (ShortTermBorrowings only); FY2011: opening capital: FY2010: current portion of long-term debt not tagged (ShortTermBorrowings only); FY2017: effective tax rate −4.1% is outside 0 to 100 percent, so it is not used; FY2019: effective tax rate 269.5% is outside 0 to 100 percent, so it is not used

Return on invested capital, fiscal 2012–2016, 2018, 2020–2025

Details and every year

Sections, fiscal 2009–2025

• Where the cash wentFree cash flow and what it was spent on — buybacks, dividends, acquisitions and debt — year by year.
• Return on capitalReturn on invested capital and on incremental capital, and up to three estimates of owner earnings.
• Management recordPrices paid for buybacks, debt against operating income, margins, share issuance and stock-based pay.