BAE Systems plc (LON: BA)

BAE Systems Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	23,078	21,258	19,521	19,277	18,305
Revenue Growth (YoY)	8.56%	8.90%	1.27%	5.31%	8.82%
Cost of Revenue	20,917	15,353	14,329	14,135	13,449
Gross Profit	2,161	5,905	5,192	5,142	4,856
Selling, General & Admin	3,879	3,630	3,143	3,282	2,974
Research & Development	266	265	247	220	211
Other Operating Expenses	64	40	64	63	66
Operating Expenses	12,889	3,855	3,326	3,439	3,119
Operating Income	2,161	2,050	1,866	1,703	1,737
Interest Income	131	35	30	17	27
Interest Expense	353	273	252	244	239
Other Expense / Income	-304	-59	-296	-20	-33
Pretax Income	2,118	1,774	1,955	1,499	1,446
Income Tax	386	280	182	197	82
Net Income	1,857	1,591	1,758	1,299	1,476
Net Income Growth	16.72%	-9.50%	35.33%	-11.99%	47.60%
Shares Outstanding (Basic)	3,031	3,112	3,187	3,191	3,183
Shares Outstanding (Diluted)	3,072	3,153	3,211	3,210	3,201
Shares Change	-2.57%	-1.81%	0.03%	0.28%	-
EPS (Basic)	0.61	0.51	0.55	0.41	0.46
EPS (Diluted)	0.60	0.50	0.55	0.40	0.46
EPS Growth	20.00%	-9.09%	37.50%	-13.04%	48.39%
Free Cash Flow	2,707	2,003	1,818	508	1,064
Free Cash Flow Per Share	0.88	0.64	0.57	0.16	0.33
Gross Margin	9.36%	27.78%	26.60%	26.67%	26.53%
Operating Margin	9.36%	9.64%	9.56%	8.83%	9.49%
Profit Margin	8.05%	7.48%	9.01%	6.74%	8.06%
Free Cash Flow Margin	11.73%	9.42%	9.31%	2.64%	5.81%
Effective Tax Rate	18.22%	15.78%	9.31%	13.14%	5.67%
EBITDA	2,948	2,814	2,567	2,374	2,341
EBITDA Margin	12.77%	13.24%	13.15%	12.32%	12.79%
Depreciation & Amortization	787	764	701	671	604
EBIT	2,161	2,050	1,866	1,703	1,737
EBIT Margin	9.36%	9.64%	9.56%	8.83%	9.49%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.