Vector Group Ltd. (VGR) financial statements (2021 and earlier)

Company profile

Business Address 4400 BISCAYNE BOULEVARD
MIAMI, FL 33137
State of Incorp. DE
Fiscal Year End December 31
SIC 2111 - Cigarettes (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments431518607499418365370
Cash and cash equivalents353451540467371319324
Short-term investments79666732464646
Restricted cash and investments10764445
Receivables41443339374344
Inventory, net of allowances, customer advances and progress billings989599105999997
Inventory989599105999997
Contract with customer, asset7654999
Other current assets37393838453338
Other undisclosed current assets40441064708274
Total current assets:664752799754682634638
Noncurrent Assets
Finance lease, right-of-use asset0000000
Operating lease, right-of-use asset145148149145150148135
Property, plant and equipment78  80828484
Long-term investments and receivables53  47626764
Long-term investments53  47626764
Intangible assets, net (including goodwill), including:208208208208266266266
Goodwill32323232787878
Intangible assets, net (excluding goodwill)0000011
Other undisclosed intangible assets, net (including goodwill)176176176176188188188
Contract with customer, asset, net   26182019
Restricted cash and investments    4  
Other noncurrent assets951151221081049995
Other undisclosed noncurrent assets101220255127138167153
Total noncurrent assets:680691733741823852817
TOTAL ASSETS:1,3431,4431,5321,4951,5051,4871,455
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue    9  
Debt13119222228259271
Other liabilities199194332193189175176
Other undisclosed current liabilities7218715710135173111
Total current liabilities:283392498515461607558
Noncurrent Liabilities
Long-term debt and lease obligation1,5481,5551,5571,5481,5541,3321,320
Long-term debt, excluding current maturities1,3941,3961,3981,3961,3971,1781,180
Operating lease, liability154159159152157154140
Liabilities, other than long-term debt154140127133158159167
Deferred income tax liabilities32291216343441
Liability, pension and other postretirement and postemployment benefits67616161686362
Other liabilities55505456566263
Other undisclosed noncurrent liabilities18181817171717
Total noncurrent liabilities:1,7201,7131,7031,6981,7291,5091,504
Total liabilities:2,0032,1052,2012,2142,1902,1152,062
Stockholders' equity
Stockholders' equity attributable to parent(660)(662)(669)(719)(685)(629)(607)
Common stock15151515151514
Accumulated other comprehensive loss(21)(21)(21)(22)(22)(23)(23)
Accumulated deficit(654)(657)(664)(712)(678)(621)(598)
Stockholders' equity attributable to noncontrolling interest    000
Total stockholders' equity:(660)(662)(669)(719)(685)(629)(607)
TOTAL LIABILITIES AND EQUITY:1,3431,4431,5321,4951,5051,4871,455

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues93548446454336382418
Cost of revenue
(Cost of Goods and Services Sold)
(377)(375)(305)(311)(302)(345)(368)
Gross profit:(284)173141144343650
Operating expenses(88)(77)(74)(149)(92)(93)(94)
Other undisclosed operating income459   104123120
Operating income (loss):879667(5)466776
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(5)8(11)2523
Interest and debt expense(113)(1)(2)(6)(120)(7)(7)
Income (loss) from continuing operations before equity method investments, income taxes:(23)9073(21)(49)6273
Income from equity method investments22250   
Other undisclosed income (loss) from continuing operations before income taxes67(36)(38)(33)55(12)(16)
Income (loss) from continuing operations before income taxes:465637(4)65057
Income tax expense (benefit)(14)(18)(11)15(14)(17)
Net income (loss):323826(3)113639
Net income attributable to noncontrolling interest    0  
Net income (loss) attributable to parent:323826(3)113639
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(2)(2)
Net income (loss) available to common stockholders, basic:323725(4)93437
Other undisclosed net loss available to common stockholders, diluted  (0) (0)  
Net income (loss) available to common stockholders, diluted:323725(4)93437

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):323826(3)113639
Other comprehensive income (loss)(0)010101
Comprehensive income (loss):323827(3)123640
Comprehensive income, net of tax, attributable to noncontrolling interest    0  
Comprehensive income (loss), net of tax, attributable to parent:323827(3)123640

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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