British American Tobacco p.l.c. (JSE: BTI)

JSE: BTI Income Statement

Financials in millions GBP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	26,182	27,283	27,655	25,684	25,776	25,877
Revenue Growth (YoY)	-7.24%	-1.35%	7.67%	-0.36%	-0.39%	5.65%
Cost of Revenue	4,811	4,891	4,804	4,597	4,447	4,461
Gross Profit	21,371	22,392	22,851	21,087	21,329	21,416
Selling, General & Admin	3,842	3,856	3,829	3,808	3,760	2,874
Other Operating Expenses	4,575	5,046	6,408	5,341	5,536	7,135
Operating Expenses	10,406	9,751	11,199	10,179	10,386	11,003
Operating Income	10,965	12,641	11,652	10,908	10,943	10,413
Interest Expense	-1,854	-1,856	-1,627	-1,471	-1,788	-1,788
Interest & Investment Income	220	186	92	35	50	84
Earnings From Equity Investments	1,943	585	442	415	455	498
Currency Exchange Gain (Loss)	17	432	-631	260	-176	457
Other Non Operating Income (Expenses)	-216	-623	464	-288	191	-302
EBT Excluding Unusual Items	11,075	11,365	10,392	9,859	9,675	9,362
Merger & Restructuring Charges	2	2	-774	-150	-408	-565
Impairment of Goodwill	-4,614	-4,614	-	-57	-209	-194
Gain (Loss) on Sale of Investments	-	-	-	-24	-	-
Gain (Loss) on Sale of Assets	-546	-546	6	-358	-1	-
Asset Writedown	-23,112	-23,112	-123	-	-	-261
Legal Settlements	-159	-156	-177	-81	-450	-178
Other Unusual Items	590	-	-	-26	65	-252
Pretax Income	-16,764	-17,061	9,324	9,163	8,672	7,912
Income Tax Expense	-3,099	-2,872	2,478	2,189	2,108	2,063
Earnings From Continuing Operations	-13,665	-14,189	6,846	6,974	6,564	5,849
Minority Interest in Earnings	-169	-178	-180	-173	-164	-145
Net Income	-13,834	-14,367	6,666	6,801	6,400	5,704
Preferred Dividends & Other Adjustments	44	45	49	12	-	-
Net Income to Common	-13,878	-14,412	6,617	6,789	6,400	5,704
Net Income Growth	-	-	-1.99%	6.27%	12.20%	-5.44%
Shares Outstanding (Basic)	2,226	2,229	2,256	2,287	2,286	2,284
Shares Outstanding (Diluted)	2,226	2,229	2,267	2,297	2,295	2,291
Shares Change (YoY)	-1.02%	-1.68%	-1.31%	0.09%	0.17%	-0.04%
EPS (Basic)	-6.23	-6.47	2.93	2.97	2.80	2.50
EPS (Diluted)	-6.24	-6.47	2.92	2.96	2.79	2.49
EPS Growth	-	-	-1.25%	5.99%	12.01%	-5.40%
Free Cash Flow	10,038	10,254	9,871	9,190	9,275	8,332
Free Cash Flow Per Share	4.51	4.60	4.35	4.00	4.04	3.64
Dividend Per Share	2.332	2.309	2.178	2.156	2.104	2.030
Dividend Growth	3.95%	6.01%	1.02%	2.47%	3.65%	4.00%
Gross Margin	81.62%	82.07%	82.63%	82.10%	82.75%	82.76%
Operating Margin	41.88%	46.33%	42.13%	42.47%	42.45%	40.24%
Profit Margin	-53.01%	-52.82%	23.93%	26.43%	24.83%	22.04%
Free Cash Flow Margin	38.34%	37.58%	35.69%	35.78%	35.98%	32.20%
EBITDA	12,739	13,275	12,376	11,809	11,904	11,407
EBITDA Margin	48.66%	48.66%	44.75%	45.98%	46.18%	44.08%
D&A For EBITDA	1,774	634	724	901	961	994
EBIT	10,965	12,641	11,652	10,908	10,943	10,413
EBIT Margin	41.88%	46.33%	42.13%	42.47%	42.45%	40.24%
Effective Tax Rate	-	-	26.58%	23.89%	24.31%	26.07%

Source: S&P Capital IQ. Standard template. Financial Sources.