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)

2021 2020
Total Revenue 19.52B 19.28B
Gross Profit 12.47B 12.41B
Operating Income 1.84B 1.71B
Income Before Tax 2.11B 1.6B
Net Income 1.76B 1.3B

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)

2021 2020
Cash 2.92B 2.77B
Total Assets 27.14B 27.53B
Long Term Debt 4.73B 5.14B
Total Liabilities 19.47B 22.61B
Total Shareholder Equity 7.44B 4.64B
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)

2021 2020
Net Income 1.76B 1.3B
Capital Expenditures -366M -385M
Dividends Paid -777M -746M
Total Cash From From Investing Activities 66M -2.04B
Total Cash From From Financing Activities -2.26B 973M

BAE Systems plc Annual Report History

Income Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 19.52B 19.28B 18.3B 16.82B
Cost Of Revenue 7.05B 6.86B 6.5B 5.92B
Gross Profit 12.47B 12.41B 11.8B 10.9B
Research Development - - - -
Selling General Administrative 6.64B 6.68B 6.46B 6.2B
Non Recurring - - - -
Other Operating Expenses 3.28B 3.35B 3.09B 2.82B
Total Operating Expenses 17.68B 17.56B 16.66B 15.29B
Operating Income 1.84B 1.71B 1.65B 1.53B
Total Other Income Expense Net 266M -117M -21M -303M
Ebit 1.84B 1.71B 1.65B 1.53B
Interest Expense -249M -240M -235M -204M
Income Before Tax 2.11B 1.6B 1.63B 1.22B
Income Tax Expense 198M 225M 94M 191M
Minority Interest 232M 278M 104M 72M
Net Income From Continuing Ops 1.91B 1.37B 1.53B 1.03B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.76B 1.3B 1.48B 1B
Net Income Applicable To Common Shares 1.76B 1.3B 1.48B 1B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 2.92B 2.77B 2.59B 3.23B
Net Receivables 4.45B 4.85B 4.62B 4.23B
Inventory 811M 858M 835M 774M
Other Current Assets 186M 274M 338M 225M
Total Current Assets 8.82B 9.41B 9.24B 9.58B
Long Term Investments 744M 546M 558M 562M
Property Plant Equipment 3.94B 3.71B 3.58B 2.37B
Good Will 10.91B 10.85B 9.98B 10.24B
Intangible Assets 769M 863M 353M 387M
Other Assets 1.95B 2.16B 1.92B 1.62B
Deferred Long Term Asset Charges 622M 972M 726M 702M
Total Assets 27.14B 27.53B 25.63B 24.75B
Accounts Payable 697M 697M 675M 703M
Short Long Term Debt 490M 411M 435M 796M
Other Current Liab 4.64B 5.27B 5.57B 5.46B
Long Term Debt 4.73B 5.14B 3.03B 3.52B
Other Liab 4.95B 7.06B 6.84B 6.32B
Deferred Long Term Liab 37M 36M 34M 32M
Minority Interest 232M 278M 104M 72M
Total Current Liabilities 8.7B 9.38B 9.13B 9.29B
Total Liab 19.47B 22.61B 20.12B 19.13B
Common Stock 85M 87M 87M 87M
Retained Earnings 414M -2.41B -1.88B -2.07B
Treasury Stock 5.68B 5.72B 5.95B 6.28B
Capital Surplus 1.25B 1.25B 1.25B 1.25B
Other Stockholder Equity 5.68B 5.72B 5.95B 6.28B
Total Stockholder Equity 7.44B 4.64B 5.41B 5.55B
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 1.76B 1.3B 1.48B 1B
Depreciation 594M 580M 515M 277M
Change To Netincome -81M -1.11B -192M 96M
Change To Account Receivables 610M 610M -481M -757M
Change To Liabilities -615M 122M 258M 530M
Change To Inventory 54M 24M -76M -16M
Change To Operating Activities 20M 162M 162M 162M
Total Cash From Operating Activities 2.45B 1.17B 1.6B 1.2B
Capital Expenditures -366M -385M -360M -358M
Investments -18M 17M -6M -3M
Other Cashflows From Investing Activities 80M 46M 170M 82M
Total Cashflows From Investing Activities 66M -2.04B -232M -358M
Dividends Paid -777M -746M -724M -703M
Net Borrowings -584M 1.92B -1.02B -7M
Other Cashflows From Financing Activities -527M -205M -217M -206M
Total Cash From Financing Activities -2.26B 973M -1.96B -915M
Effect Of Exchange Rate -7M -22M -48M 41M
Change In Cash 250M 80M -645M -32M
Repurchase Of Stock -368M -368M -368M -368M