British American Tobacco p.l.c. (LON: BATS)

BATS Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	27,283	27,283	27,655	25,684	25,776	25,877
Revenue Growth (YoY)	-1.35%	-1.35%	7.67%	-0.36%	-0.39%	5.65%
Cost of Revenue	4,891	4,891	4,804	4,597	4,447	4,461
Gross Profit	22,392	22,392	22,851	21,087	21,329	21,416
Selling, General & Admin	3,856	3,856	3,829	3,808	3,760	2,874
Depreciation & Amortization	849	849	962	1,030	1,090	994
Other Operating Expenses	5,046	5,046	6,408	5,341	5,536	7,135
Operating Expenses	9,751	9,751	11,199	10,179	10,386	11,003
Operating Income	12,641	12,641	11,652	10,908	10,943	10,413
Interest Expense	-1,856	-1,856	-1,627	-1,471	-1,788	-1,788
Interest & Investment Income	186	186	92	35	50	84
Net Interest Expenses	-1,670	-1,670	-1,535	-1,436	-1,738	-1,704
Income (Loss) On Equity Investments	585	585	442	415	455	498
Currency Exchange Gain (Loss)	432	432	-631	260	-176	457
Other Non Operating Income (Expenses)	-623	-623	464	-288	191	-302
EBT Excluding Unusual Items	11,365	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 Assets	-546	-546	6	-358	-1	-
Gain (Loss) on Sale of Investments	-	-	-	-24	-	-
Asset Writedown	-23,112	-23,112	-123	-	-	-261
Other Unusual Items	-	-	-	-26	65	-252
Pretax Income	-17,061	-17,061	9,324	9,163	8,672	7,912
Income Tax Expense	-2,872	-2,872	2,478	2,189	2,108	2,063
Earnings From Continuing Operations	-14,189	-14,189	6,846	6,974	6,564	5,849
Minority Interest in Earnings	-178	-178	-180	-173	-164	-145
Net Income	-14,367	-14,367	6,666	6,801	6,400	5,704
Preferred Dividends & Other Adjustments	45	45	49	12	-	-
Net Income to Common	-14,412	-14,412	6,617	6,789	6,400	5,704
Net Income Growth	-	-	-1.99%	6.27%	12.20%	-5.44%
Shares Outstanding (Basic)	2,229	2,229	2,256	2,287	2,286	2,284
Shares Outstanding (Diluted)	2,229	2,229	2,267	2,297	2,295	2,291
Shares Change (YoY)	-1.68%	-1.68%	-1.31%	0.09%	0.17%	-0.04%
EPS (Basic)	-6.47	-6.47	2.93	2.97	2.80	2.50
EPS (Diluted)	-6.47	-6.47	2.92	2.96	2.79	2.49
EPS Growth	-	-	-1.25%	5.99%	12.01%	-5.40%
Free Cash Flow	10,254	10,254	9,871	9,190	9,275	8,332
Free Cash Flow Per Share	4.60	4.60	4.35	4.00	4.04	3.64
Dividend Per Share	2.309	2.309	2.178	2.156	2.104	2.030
Dividend Growth	6.01%	6.01%	1.02%	2.47%	3.65%	4.00%
Gross Margin	82.07%	82.07%	82.63%	82.10%	82.75%	82.76%
Operating Margin	46.33%	46.33%	42.13%	42.47%	42.45%	40.24%
Profit Margin	-52.66%	-52.66%	24.10%	26.48%	24.83%	22.04%
Free Cash Flow Margin	37.58%	37.58%	35.69%	35.78%	35.98%	32.20%
EBITDA	13,275	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	634	634	724	901	961	994
EBIT	12,641	12,641	11,652	10,908	10,943	10,413
EBIT Margin	46.33%	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.