International Consolidated Airlines Group S.A. (LSE:IAG) Annual Report 2021



The latest annual report of International Consolidated Airlines Group S.A. (IAG) 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 - IAG Annual Results

Amounts in EUR

Total Revenue
8.46B
Gross Profit
164M
EBIT
-2.94B
Net Tangible Assets
-2.4B
Net Income
-2.93B
Capital Expenditures
-744M

IAG Income Statement 2021 Annual Report

As per the latest Income Statement of IAG, the Net revenue increased by €649.00M (8%) compared to the previous period. The operating income in 2021 increased by €1.395B (32%). The net income as per the annual report was -2.93B which increased by €4.002B (58%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 8.46B 7.81B
Gross Profit 164M -1.1B
Operating Income -2.94B -4.34B
Income Before Tax -3.51B -7.83B
Net Income -2.93B -6.93B

Balance Sheet - IAG 2021 Annual Report

Read further: IAG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of International Consolidated Airlines Group S.A. showed the company increased the cash on balance sheet by €2.118B (37%). The Net tangible assets of IAG on the balance sheet were at -2.4B which is €-795.00M (-50%) less than previous annual report. The total stockholder equity also decreased by €-764.00M (-48%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 7.89B 5.77B
Total Assets 34.41B 30.32B
Long Term Debt 8.97B 5B
Total Liabilities 33.56B 28.71B
Total Shareholder Equity 840M 1.6B
Net Tangible Assets -2.4B -1.6B

Cash Flow Statement - IAG 2021 Annual Report

The 2021 annual cash flow statement of International Consolidated Airlines Group S.A. showed that the net income increased by €4.002B (58%) compared to previous reporting period. Also the capital expenditure of IAG increased by €1.195B (62%).

As of 2021, the total cash from investing activities was -181M and total cash from financing activities was 2.23B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -2.93B -6.93B
Capital Expenditures -744M -1.94B
Dividends Paid - -
Total Cash From From Investing Activities -181M 1.56B
Total Cash From From Financing Activities 2.23B 3.81B

International Consolidated Airlines Group S.A. Annual Report History

Income Statement

Income Statement history of International Consolidated Airlines Group S.A. (LSE:IAG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 8.46B 7.81B 25.51B 24.26B
Cost Of Revenue 8.29B 8.91B 18.24B 17.71B
Gross Profit 164M -1.1B 7.26B 6.55B
Research Development - - - -
Selling General Administrative 1.19B 1.16B 1.85B 1.96B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 11.4B 12.14B 22.2B 20.93B
Operating Income -2.94B -4.34B 3.3B 3.33B
Total Other Income Expense Net -564M -3.49B -1.03B 157M
Ebit -2.94B -4.34B 3.3B 3.33B
Interest Expense -768M -637M -607M -231M
Income Before Tax -3.51B -7.83B 2.27B 3.49B
Income Tax Expense -574M -892M 560M 590M
Minority Interest 6M 6M 6M 6M
Net Income From Continuing Ops -2.93B -6.93B 1.72B 2.9B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -2.93B -6.93B 1.72B 2.88B
Net Income Applicable To Common Shares -2.93B -6.93B 1.72B 2.88B

Balance Sheet Statement

Balance Sheet Statement history of International Consolidated Airlines Group S.A. (LSE:IAG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 7.89B 5.77B 4.06B 3.84B
Short Term Investments 16M 105M 2.58B 2.4B
Net Receivables 947M 854M 2.71B 2.33B
Inventory 334M 351M 565M 509M
Other Current Assets 598M 160M 365M 197M
Total Current Assets 10.55B 7.84B 11.33B 10.09B
Long Term Investments 71M 58M 113M 111M
Property Plant Equipment 17.16B 17.53B 19.17B 12.44B
Good Will 347M 344M 349M 346M
Intangible Assets 2.89B 2.86B 3.09B 2.85B
Other Assets 3.38B 1.68B 1.4B 2.19B
Deferred Long Term Asset Charges 1.28B 1.07B 546M 536M
Total Assets 34.41B 30.32B 35.45B 28.03B
Accounts Payable 2.07B 1.61B 2.31B 2.08B
Short Long Term Debt 932M 229M 149M 153M
Other Current Liab 7.88B 7.17B 7.66B 7.22B
Long Term Debt 8.97B 5B 3.06B 1.43B
Other Liab 3.2B 3.73B 3.46B 3.63B
Minority Interest 6M 6M 6M 6M
Total Current Liabilities 13.28B 11.52B 12.75B 11.05B
Total Liab 33.56B 28.71B 28.62B 21.31B
Common Stock 497M 497M 996M 996M
Retained Earnings -5.73B -4.2B 3.14B 3.32B
Treasury Stock -1.7B -2.46B -2.64B -3.63B
Capital Surplus 7.77B 7.77B 5.33B 6.02B
Other Stockholder Equity -1.67B -2.42B -2.58B -3.56B
Total Stockholder Equity 840M 1.6B 6.82B 6.71B
Net Tangible Assets -2.4B -1.6B 3.38B 3.52B

Cash Flow Statement

Cash Flow Statement history of International Consolidated Airlines Group S.A. (LSE:IAG)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income -2.93B -6.93B 1.72B 2.88B
Depreciation 1.75B 1.93B 1.98B 1.13B
Change To Netincome -757M 264M 246M -839M
Change To Account Receivables -351M 2.28B -935M -650M
Change To Liabilities 1.99B -1.12B 865M 586M
Total Cash From Operating Activities -141M -3.43B 4B 3.24B
Capital Expenditures -744M -1.94B -3.46B -2.8B
Investments 91M 2.37B -103M 924M
Other Cashflows From Investing Activities -72M 2M -1M 61M
Total Cashflows From Investing Activities -181M 1.56B -2.66B -1.24B
Net Borrowings 2.55B 1.05B 49M -21M
Other Cashflows From Financing Activities -293M 83M 83M -312M
Total Cash From Financing Activities 2.23B 3.81B -1.26B -1.41B
Effect Of Exchange Rate 205M -228M 140M -38M
Change In Cash 2.12B 1.71B 225M 545M
Repurchase Of Stock -24M -24M -24M -500M
Dividends Paid - - -613M -577M