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

LON:BATS Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	25,867	27,283	27,655	25,684	25,776
Revenue Growth (YoY)	-5.19%	-1.35%	7.67%	-0.36%	-0.39%
Cost of Revenue	4,570	4,891	4,579	4,597	4,447
Gross Profit	21,297	22,392	23,076	21,087	21,329
Selling, General & Admin	3,951	3,856	3,829	3,808	3,760
Other Operating Expenses	5,316	5,152	6,660	5,341	5,536
Operating Expenses	11,501	9,857	11,574	10,179	10,386
Operating Income	9,796	12,535	11,502	10,908	10,943
Interest Expense	-1,772	-1,830	-1,627	-1,471	-1,788
Interest & Investment Income	251	186	92	35	50
Earnings From Equity Investments	1,900	585	442	415	455
Currency Exchange Gain (Loss)	-2	432	-631	260	-176
Other Non Operating Income (Expenses)	-111	-620	464	-288	191
EBT Excluding Unusual Items	10,062	11,288	10,242	9,859	9,675
Merger & Restructuring Charges	-	2	-774	-150	-408
Impairment of Goodwill	-39	-4,614	-	-57	-209
Gain (Loss) on Sale of Investments	-6	-	-	-24	-
Gain (Loss) on Sale of Assets	62	-446	33	-358	-1
Asset Writedown	-828	-23,112	-	-	-
Legal Settlements	-6,303	-150	-177	-81	-450
Other Unusual Items	590	-29	-	-26	65
Pretax Income	3,538	-17,061	9,324	9,163	8,672
Income Tax Expense	357	-2,872	2,478	2,189	2,108
Earnings From Continuing Operations	3,181	-14,189	6,846	6,974	6,564
Minority Interest in Earnings	-113	-178	-180	-173	-164
Net Income	3,068	-14,367	6,666	6,801	6,400
Preferred Dividends & Other Adjustments	42	45	49	12	-
Net Income to Common	3,026	-14,412	6,617	6,789	6,400
Net Income Growth	-	-	-1.99%	6.27%	12.20%
Shares Outstanding (Basic)	2,214	2,229	2,256	2,287	2,286
Shares Outstanding (Diluted)	2,225	2,229	2,267	2,297	2,295
Shares Change (YoY)	-0.18%	-1.68%	-1.31%	0.09%	0.17%
EPS (Basic)	1.37	-6.47	2.93	2.97	2.80
EPS (Diluted)	1.36	-6.47	2.92	2.96	2.79
EPS Growth	-	-	-1.25%	5.99%	12.01%
Free Cash Flow	9,639	10,254	9,871	9,190	9,275
Free Cash Flow Per Share	4.33	4.60	4.35	4.00	4.04
Dividend Per Share	2.402	2.355	2.178	2.156	2.104
Dividend Growth	2.00%	8.14%	1.02%	2.47%	3.65%
Gross Margin	82.33%	82.07%	83.44%	82.10%	82.75%
Operating Margin	37.87%	45.94%	41.59%	42.47%	42.45%
Profit Margin	11.70%	-52.82%	23.93%	26.43%	24.83%
Free Cash Flow Margin	37.26%	37.58%	35.69%	35.78%	35.98%
EBITDA	11,846	13,169	12,226	11,809	11,904
EBITDA Margin	45.80%	48.27%	44.21%	45.98%	46.18%
D&A For EBITDA	2,050	634	724	901	961
EBIT	9,796	12,535	11,502	10,908	10,943
EBIT Margin	37.87%	45.94%	41.59%	42.47%	42.45%
Effective Tax Rate	10.09%	-	26.58%	23.89%	24.31%

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