BAE Systems plc (LSE:BA) Annual Report 2021



The latest annual report of BAE Systems plc (BA) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - BA Annual Results

Amounts in GBP

Total Revenue
19.52B
Gross Profit
12.47B
EBIT
1.84B
Net Tangible Assets
-4.24B
Net Income
1.76B
Capital Expenditures
-366M

BA Income Statement 2021 Annual Report

As per the latest Income Statement of BA, the Net revenue increased by £244.00M (1%) compared to the previous period. The operating income in 2021 increased by £131.00M (8%). The net income as per the annual report was 1.76B which increased by £459.00M (35%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue19.52B19.28B
Gross Profit12.47B12.41B
Operating Income1.84B1.71B
Income Before Tax2.11B1.6B
Net Income1.76B1.3B

Balance Sheet - BA 2021 Annual Report

Read further: BA Balance Sheet Detailed Analysis

The latest balance sheet from annual result of BAE Systems plc showed the company increased the cash on balance sheet by £149.00M (5%). The Net tangible assets of BA on the balance sheet were at -4.24B which is £2.823B (40%) more than previous annual report. The total stockholder equity also increased by £2.793B (60%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.92B2.77B
Total Assets27.14B 27.53B
Long Term Debt4.73B5.14B
Total Liabilities19.47B 22.61B
Total Shareholder Equity7.44B4.64B
Net Tangible Assets-4.24B-7.07B

Cash Flow Statement - BA 2021 Annual Report

The 2021 annual cash flow statement of BAE Systems plc showed that the net income increased by £459.00M (35%) compared to previous reporting period. Also the capital expenditure of BA increased by £19.00M (5%).

As of 2021, the total cash from investing activities was 66M and total cash from financing activities was -2.26B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.76B1.3B
Capital Expenditures-366M-385M
Dividends Paid-777M-746M
Total Cash From From Investing Activities66M-2.04B
Total Cash From From Financing Activities-2.26B973M

BAE Systems plc Annual Report History

Income Statement

Income Statement history of BAE Systems plc (LSE:BA)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue19.52B19.28B18.3B16.82B
Cost Of Revenue7.05B6.86B6.5B5.92B
Gross Profit12.47B12.41B11.8B10.9B
Research Development----
Selling General Administrative6.64B6.68B6.46B6.2B
Non Recurring----
Other Operating Expenses3.28B3.35B3.09B2.82B
Total Operating Expenses17.68B17.56B16.66B15.29B
Operating Income1.84B1.71B1.65B1.53B
Total Other Income Expense Net266M-117M-21M-303M
Ebit1.84B1.71B1.65B1.53B
Interest Expense-249M-240M-235M-204M
Income Before Tax2.11B1.6B1.63B1.22B
Income Tax Expense198M225M94M191M
Minority Interest232M278M104M72M
Net Income From Continuing Ops1.91B1.37B1.53B1.03B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.76B1.3B1.48B1B
Net Income Applicable To Common Shares1.76B1.3B1.48B1B

Balance Sheet Statement

Balance Sheet Statement history of BAE Systems plc (LSE:BA)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash2.92B2.77B2.59B3.23B
Net Receivables4.45B4.85B4.62B4.23B
Inventory811M858M835M774M
Other Current Assets186M274M338M225M
Total Current Assets8.82B9.41B9.24B9.58B
Long Term Investments744M546M558M562M
Property Plant Equipment3.94B3.71B3.58B2.37B
Good Will10.91B10.85B9.98B10.24B
Intangible Assets769M863M353M387M
Other Assets1.95B2.16B1.92B1.62B
Deferred Long Term Asset Charges622M972M726M702M
Total Assets27.14B27.53B25.63B24.75B
Accounts Payable697M697M675M703M
Short Long Term Debt490M411M435M796M
Other Current Liab4.64B5.27B5.57B5.46B
Long Term Debt4.73B5.14B3.03B3.52B
Other Liab4.95B7.06B6.84B6.32B
Deferred Long Term Liab37M36M34M32M
Minority Interest232M278M104M72M
Total Current Liabilities8.7B9.38B9.13B9.29B
Total Liab19.47B22.61B20.12B19.13B
Common Stock85M87M87M87M
Retained Earnings414M-2.41B-1.88B-2.07B
Treasury Stock5.68B5.72B5.95B6.28B
Capital Surplus1.25B1.25B1.25B1.25B
Other Stockholder Equity5.68B5.72B5.95B6.28B
Total Stockholder Equity7.44B4.64B5.41B5.55B
Net Tangible Assets-4.24B-7.07B-4.93B-5.08B

Cash Flow Statement

Cash Flow Statement history of BAE Systems plc (LSE:BA)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income1.76B1.3B1.48B1B
Depreciation594M580M515M277M
Change To Netincome-81M-1.11B-192M96M
Change To Account Receivables610M610M-481M-757M
Change To Liabilities-615M122M258M530M
Change To Inventory54M24M-76M-16M
Change To Operating Activities20M162M162M162M
Total Cash From Operating Activities2.45B1.17B1.6B1.2B
Capital Expenditures-366M-385M-360M-358M
Investments-18M17M-6M-3M
Other Cashflows From Investing Activities80M46M170M82M
Total Cashflows From Investing Activities66M-2.04B-232M-358M
Dividends Paid-777M-746M-724M-703M
Net Borrowings-584M1.92B-1.02B-7M
Other Cashflows From Financing Activities-527M-205M-217M-206M
Total Cash From Financing Activities-2.26B973M-1.96B-915M
Effect Of Exchange Rate-7M-22M-48M41M
Change In Cash250M80M-645M-32M
Repurchase Of Stock-368M-368M-368M-368M