BAE Systems Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,438	3,378	4,067	3,107	2,917
Cash & Short-Term Investments	3,438	3,378	4,067	3,107	2,917
Cash Growth	1.78%	-16.94%	30.90%	6.51%	5.38%
Accounts Receivable	6,959	6,663	6,185	6,166	4,825
Inventory	1,384	1,324	1,156	976	811
Other Current Assets	366	388	365	385	265
Total Current Assets	12,147	11,753	11,773	10,634	8,818
Net Property, Plant & Equipment	6,835	6,636	5,003	4,723	4,010
Other Intangible Assets	2,513	2,965	12,099	12,644	11,716
Goodwill	12,732	13,297	-	-	-
Long-Term Investments	822	906	916	886	630
Other Long-Term Assets	2,630	2,585	2,273	2,575	1,961
Total Assets	37,679	38,142	32,064	31,462	27,135
Accounts Payable	6,686	6,383	5,436	4,990	4,636
Accrued Expenses	276	309	521	352	303
Current Portion of Long-Term Debt	95	699	679	53	457
Current Portion of Leases	253	183	147	241	212
Unearned Revenue	4,820	4,504	3,865	3,882	2,874
Other Current Liabilities	173	264	295	328	214
Total Current Liabilities	12,303	12,342	10,943	9,846	8,696
Long-Term Debt	7,190	7,713	4,432	5,189	4,604
Long-Term Leases	1,513	1,658	1,273	1,375	1,083
Other Long-Term Liabilities	4,736	4,652	4,693	3,652	5,084
Total Long-Term Liabilities	13,439	14,023	10,398	10,216	10,771
Total Liabilities	25,742	26,365	21,341	20,062	19,467
Common Stock	79	80	81	82	85
Additional Paid-in Capital	1,253	1,253	1,253	1,252	1,252
Accumulated Other Comprehensive Income	5,881	6,447	6,403	6,951	5,887
Retained Earnings	4,571	3,836	2,822	2,930	212
Total Common Shareholders' Equity	11,784	11,616	10,559	11,215	7,436
Minority Interest	153	161	164	185	232
Shareholders' Equity	11,937	11,777	10,723	11,400	7,668
Total Liabilities & Equity	37,679	38,142	32,064	31,462	27,135
Total Debt	9,051	10,253	6,531	6,858	6,356
Net Cash (Debt)	-5,613	-6,875	-2,464	-3,751	-3,439
Net Cash Per Share	-1.85	-2.25	-0.80	-1.19	-1.07
Book Value	11,784	11,616	10,559	11,215	7,436
Book Value Per Share	3.89	3.80	3.44	3.56	2.32
Tangible Book Value	-3,461	-4,646	-1,540	-1,429	-4,280
Tangible Book Value Per Share	-1.14	-1.52	-0.50	-0.45	-1.33