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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments418632452550422672407
Cash and cash equivalents371585301394240326234
Short-term investments4647150157182346173
Restricted cash and investments441079  
Receivables37344135272312
Inventory, net of allowances, customer advances and progress billings99919090879093
Inventory99919090879093
Contract with customer, asset99
Income taxes receivable3 
Other current assets45262123393723
Other undisclosed current assets7075   3252
Total current assets:682872614705584858588
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset150
Property, plant and equipment82878680768479
Long-term investments and receivables62668153844029
Long-term investments62668153844029
Intangible assets, net (including goodwill), including:26626726826226427083
Goodwill78787771717172
Intangible assets, net (excluding goodwill)023461211
Other undisclosed intangible assets, net (including goodwill)188188188188188188
Prepaid expense 2428    
Contract with customer, asset, net1816
Restricted cash and investments4634121212
Other noncurrent assets104603732515954
Prepaid pension costs22212526
Other undisclosed noncurrent assets138152212245219225388
Total noncurrent assets:823677715699727716672
TOTAL ASSETS:1,5051,5501,3281,4041,3111,5731,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1111334
Accounts payable      27
Employee-related liabilities 111111
Taxes payable  0 026
Deferred revenue9
Debt2282563440953152
Estimated litigation liability 004233 
Deferred tax liabilities    5846
Contract with customer, liability7
Other liabilities18917915713615412718
Other undisclosed current liabilities354112162927156
Total current liabilities:461485205196216270405
Noncurrent Liabilities
Long-term debt and lease obligation1,5541,3871,1941,133886861541
Long-term debt, excluding current maturities1,3971,3871,1941,133886861541
Operating lease, liability157
Liabilities, other than long-term debt158215163194142201188
Pension and other postretirement defined benefit plans, liabilities4948
Contract with customer, liability30
Deferred tax liabilities, net37599379146138
Deferred income tax liabilities34
Liability, pension and other postretirement and postemployment benefits6861625955 
Estimated litigation liability 222028   
Other liabilities56642214763
Other undisclosed noncurrent liabilities171198135189220148
Total noncurrent liabilities:1,7291,6121,4551,4611,2171,281877
Total liabilities:2,1902,0971,6601,6571,4331,5511,282
Stockholders' equity
Stockholders' equity attributable to parent(685)(548)(414)(332)(206)(57)(95)
Common stock15141313121110
Treasury stock, value     (13)(13)
Accumulated other comprehensive income (loss)(22)(20)(13)(11)(8)3523
Accumulated deficit(678)(542)(415)(334)(210)(90)(115)
Stockholders' equity attributable to noncontrolling interest018279847973
Total stockholders' equity:(685)(547)(332)(253)(122)22(22)
TOTAL LIABILITIES AND EQUITY:1,5051,5501,3281,4041,3111,5731,260

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4521,4001,8071,6911,6571,5911,056
Revenue, net1,8071,6911,6571,5911,056
Cost of revenue(1,302)(1,292)(1,228)(1,097)(1,110)(1,104)(747)
Cost of goods and services sold(1,302)(1,292)(1,228)(1,097)(1,110)(1,097)(747)
Gross profit:151108579594547487309
Operating expenses(371)(354)(346)(361)(320)(278)(109)
Other undisclosed operating income (loss)451470  (27)5(88)
Operating income:231224234233200213112
Nonoperating income381075313026
Investment income, nonoperating    241919
Other nonoperating income3810756118
Interest and debt expense(143)(208)(208)(143)(121)(161)(154)
Income (loss) from continuing operations before equity method investments, income taxes:12727339511082(15)
Income (loss) from equity method investments 3(1)(3)2423
Other undisclosed income (loss) from continuing operations before income taxes7505734(4)(4)56
Income from continuing operations before income taxes:13480891261088263
Income tax expense (benefit)(33)(22)2(49)(41)(33)(25)
Income before gain (loss) on sale of properties:101589177664939
Other undisclosed net income      0
Net income:101589177664939
Net income (loss) attributable to noncontrolling interest(0)0(6)(6)(7)(12)0
Other undisclosed net loss attributable to parent      (1)
Net income attributable to parent:101588571593739
Other undisclosed net loss available to common stockholders, basic(7)(7)(6)(2)(2)(1)(1)
Net income available to common stockholders, basic:94517969573638
Other undisclosed net loss available to common stockholders, diluted(1)      
Net income available to common stockholders, diluted:92517969573638

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:101589177664939
Other comprehensive income (loss)3(1)(1)(3)(7)1233
Comprehensive income:104578974606172
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(6)(6)(7)12(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (25) 
Comprehensive income, net of tax, attributable to parent:104578368524972

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: