British American Tobacco p.l.c. (LSE:BATS) Annual Report 2021



The latest annual report of British American Tobacco p.l.c. (BATS) 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 - BATS Annual Results

Amounts in GBP

Total Revenue
25.68B
Gross Profit
21.09B
EBIT
11B
Net Tangible Assets
-48.52B
Net Income
6.8B
Capital Expenditures
-527M

BATS Income Statement 2021 Annual Report

As per the latest Income Statement of BATS, the Net revenue decreased by £-92.00M (0%) compared to the previous period. The operating income in 2021 decreased by £-48.00M (0%). The net income as per the annual report was 6.8B which increased by £401.00M (6%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue25.68B25.78B
Gross Profit21.09B21.33B
Operating Income11B11.05B
Income Before Tax9.16B8.67B
Net Income6.8B6.4B

Balance Sheet - BATS 2021 Annual Report

Read further: BATS Balance Sheet Detailed Analysis

The latest balance sheet from annual result of British American Tobacco p.l.c. showed the company reduced the cash on balance sheet by £-330.00M (-11%). The Net tangible assets of BATS on the balance sheet were at -48.52B which is £4.236B (8%) more than previous annual report. The total stockholder equity also increased by £4.518B (7%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.81B3.14B
Total Assets137.37B 137.69B
Long Term Debt35.35B39.59B
Total Liabilities69.96B 74.73B
Total Shareholder Equity67.1B62.58B
Net Tangible Assets-48.52B-52.76B

Cash Flow Statement - BATS 2021 Annual Report

The 2021 annual cash flow statement of British American Tobacco p.l.c. showed that the net income increased by £401.00M (6%) compared to previous reporting period. Also the capital expenditure of BATS decreased by £-16.00M (-3%).

As of 2021, the total cash from investing activities was -1.14B and total cash from financing activities was -8.75B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income6.8B6.4B
Capital Expenditures-527M-511M
Dividends Paid-4.91B-4.75B
Total Cash From From Investing Activities-1.14B-783M
Total Cash From From Financing Activities-8.75B-7.9B

British American Tobacco p.l.c. Annual Report History

Income Statement

Income Statement history of British American Tobacco p.l.c. (LSE:BATS)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue25.68B25.78B25.88B24.49B
Cost Of Revenue4.6B4.45B4.46B4.6B
Gross Profit21.09B21.33B21.42B19.89B
Research Development----
Selling General Administrative3.81B3.76B2.87B3B
Non Recurring----
Other Operating Expenses5.34B5.54B7.13B6.06B
Total Operating Expenses14.68B14.73B15.46B14.46B
Operating Income11B11.05B10.41B10.03B
Total Other Income Expense Net-1.84B-2.38B-2.5B-1.68B
Ebit11B11.05B10.41B10.03B
Interest Expense-1.5B-1.81B-1.79B-1.63B
Income Before Tax9.16B8.67B7.91B8.35B
Income Tax Expense2.19B2.11B2.06B2.14B
Minority Interest300M282M258M244M
Net Income From Continuing Ops6.97B6.56B5.85B6.21B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income6.8B6.4B5.7B6.03B
Net Income Applicable To Common Shares6.79B6.4B5.7B6.03B

Balance Sheet Statement

Balance Sheet Statement history of British American Tobacco p.l.c. (LSE:BATS)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash2.81B3.14B2.53B2.6B
Net Receivables4.07B3.8B4.21B3.66B
Inventory5.28B6B6.09B6.03B
Other Current Assets195M433M316M184M
Total Current Assets12.81B13.61B13.27B12.65B
Long Term Investments2B1.82B1.87B1.78B
Property Plant Equipment4.95B5.06B5.52B5.17B
Good Will43.19B43.32B44.32B46.16B
Intangible Assets72.43B72.02B74.47B77.85B
Other Assets1.98B1.86B1.55B2.73B
Deferred Long Term Asset Charges611M534M424M344M
Total Assets137.37B137.69B141B146.34B
Accounts Payable3.92B3.72B3.45B3.56B
Short Long Term Debt3.52B3.65B5.86B3.41B
Other Current Liab7.21B7.69B7.79B8.53B
Long Term Debt35.35B39.59B37.38B43.28B
Other Liab19.15B19.33B20.22B21.04B
Minority Interest300M282M258M244M
Total Current Liabilities15.14B15.48B18.82B16.33B
Total Liab69.96B74.73B76.84B80.65B
Common Stock614M614M614M614M
Retained Earnings49.33B47.19B45.49B43.8B
Treasury Stock17.05B14.68B17.61B20.85B
Capital Surplus107M103M94M91M
Other Stockholder Equity22.17B19.82B22.87B26.09B
Total Stockholder Equity67.1B62.58B63.81B65.35B
Net Tangible Assets-48.52B-52.76B-54.98B-58.66B

Cash Flow Statement

Cash Flow Statement history of British American Tobacco p.l.c. (LSE:BATS)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income6.8B6.4B5.7B6.03B
Depreciation938M985M994M800M
Change To Netincome2.04B2.29B1.98B1.87B
Change To Account Receivables-393M300M-699M502M
Change To Liabilities183M-320M730M123M
Change To Inventory433M-144M-371M-192M
Change To Operating Activities-285M273M654M1.16B
Total Cash From Operating Activities9.72B9.79B9B10.29B
Capital Expenditures-527M-511M-664M-758M
Investments-361M-120M62M-185M
Other Cashflows From Investing Activities33M48M80M52M
Total Cashflows From Investing Activities-1.14B-783M-639M-1.02B
Dividends Paid-4.91B-4.75B-4.6B-3.34B
Net Borrowings-4.02B-971M-1.55B-3.48B
Other Cashflows From Financing Activities-1.42B-2.16B-2.33B-1.66B
Total Cash From Financing Activities-8.75B-7.9B-8.59B-9.63B
Effect Of Exchange Rate-253M-253M-57M-138M
Change In Cash-425M853M-293M-494M
Repurchase Of Stock-82M-18M-117M-139M
Issuance Of Stock1.68B1.68B1.68B1.68B