The Total Pretax Income of these 4 US Big Tobacco Corps was $22.9 bil in 2011, up 15% from 2010, led by Phillip Morris Intl's Pretax Income of $12.5 bil, up 21% from 2010.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, specifically Altria Group's 2011 Leverage Lease Charge, and Reynolds American's Mark-to-Market Pension Charges and Trademark Impairment Charge.
Given the massively high profit margins of these Big Tobacco Corps, it seems to me that it would only be fair if they would fund some US Government Medical Research to try to soften the damaging health care results of their product usage.
Below here is the Pretax Income of these 4 US Big Tobacco Corps for each of the most recent three years.
| PTI | PTI | ||||
| % | % | ||||
| Change | Change | ||||
| PTI | PTI | PTI | 2011 | 2010 | |
| 2011 | 2010 | 2009 | vs | vs | |
| mils $s | mils $s | mils $s | 2010 | 2009 | |
| Tobacco | |||||
| Phillip Morris Intl | 12,532 | 10,324 | 9,243 | 21% | 12% |
| Altria Group | 6,072 | 5,723 | 4,877 | 6% | 17% |
| Reynolds American | 2,534 | 2,315 | 2,089 | 9% | 11% |
| Lorillard | 1,770 | 1,635 | 1,519 | 8% | 8% |
| Total all 4 | 22,908 | 19,997 | 17,728 | 15% | 13% |
