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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments431418632452550422672
Cash and cash equivalents353371585301394240326
Short-term investments794647150157182346
Restricted cash and investments10441079 
Receivables41373441352723
Inventory, net of allowances, customer advances and progress billings98999190908790
Inventory98999190908790
Contract with customer, asset799
Income taxes receivable3
Other current assets37452621233937
Other undisclosed current assets407075   32
Total current assets:664682872614705584858
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset145150
Property, plant and equipment78828786807684
Long-term investments and receivables53626681538440
Long-term investments53626681538440
Intangible assets, net (including goodwill), including:208266267268262264270
Goodwill32787877717171
Intangible assets, net (excluding goodwill)00234612
Other undisclosed intangible assets, net (including goodwill)176188188188188188188
Prepaid expense  2428   
Contract with customer, asset, net 1816
Restricted cash and investments 46341212
Other noncurrent assets951046037325159
Prepaid pension costs222125
Other undisclosed noncurrent assets101138152212245219225
Total noncurrent assets:680823677715699727716
TOTAL ASSETS:1,3431,5051,5501,3281,4041,3111,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  11113
Employee-related liabilities  11111
Taxes payable   0 02
Deferred revenue 9
Debt132282563440953
Estimated litigation liability  004233
Deferred tax liabilities    58
Contract with customer, liability7
Other liabilities199189179157136154127
Other undisclosed current liabilities72354112162927
Total current liabilities:283461485205196216270
Noncurrent Liabilities
Long-term debt and lease obligation1,5481,5541,3871,1941,133886861
Long-term debt, excluding current maturities1,3941,3971,3871,1941,133886861
Operating lease, liability154157
Liabilities, other than long-term debt154158215163194142201
Pension and other postretirement defined benefit plans, liabilities49
Contract with customer, liability30
Deferred tax liabilities, net37599379146
Deferred income tax liabilities3234
Liability, pension and other postretirement and postemployment benefits676861625955 
Estimated litigation liability  222028  
Other liabilities555664221476
Other undisclosed noncurrent liabilities18171198135189220
Total noncurrent liabilities:1,7201,7291,6121,4551,4611,2171,281
Total liabilities:2,0032,1902,0971,6601,6571,4331,551
Stockholders' equity
Stockholders' equity attributable to parent(660)(685)(548)(414)(332)(206)(57)
Common stock15151413131211
Treasury stock, value      (13)
Accumulated other comprehensive income (loss)(21)(22)(20)(13)(11)(8)35
Accumulated deficit(654)(678)(542)(415)(334)(210)(90)
Stockholders' equity attributable to noncontrolling interest 0182798479
Total stockholders' equity:(660)(685)(547)(332)(253)(122)22
TOTAL LIABILITIES AND EQUITY:1,3431,5051,5501,3281,4041,3111,573

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5411,4521,4001,8071,6911,6571,591
Revenue, net1,8071,6911,6571,591
Cost of revenue(1,367)(1,302)(1,292)(1,228)(1,097)(1,110)(1,104)
Cost of goods and services sold(1,367)(1,302)(1,292)(1,228)(1,097)(1,110)(1,097)
Gross profit:174151108579594547487
Operating expenses(330)(371)(354)(346)(361)(320)(278)
Other undisclosed operating income (loss)401451470  (27)5
Operating income:245231224234233200213
Nonoperating income (expense)(5)3810753130
Investment income, nonoperating     2419
Other nonoperating income (expense)(5)381075611
Interest and debt expense(122)(143)(208)(208)(143)(121)(161)
Income from continuing operations before equity method investments, income taxes:11812727339511082
Income (loss) from equity method investments56 3(1)(3)24
Other undisclosed income (loss) from continuing operations before income taxes(40)7505734(4)(4)
Income from continuing operations before income taxes:135134808912610882
Income tax expense (benefit)(42)(33)(22)2(49)(41)(33)
Net income:931015891776649
Net income (loss) attributable to noncontrolling interest (0)0(6)(6)(7)(12)
Net income attributable to parent:931015885715937
Other undisclosed net loss available to common stockholders, basic(3)(7)(7)(6)(2)(2)(1)
Net income available to common stockholders, basic:90945179695736
Other undisclosed net loss available to common stockholders, diluted (1)     
Net income available to common stockholders, diluted:90925179695736

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:931015891776649
Other comprehensive income (loss)13(1)(1)(3)(7)12
Comprehensive income:941045789746061
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)0(6)(6)(7)12
Other undisclosed comprehensive loss, net of tax, attributable to parent      (25)
Comprehensive income, net of tax, attributable to parent:941045783685249

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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