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)

20212020
Total Revenue8.46B7.81B
Gross Profit164M-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)

20212020
Cash7.89B5.77B
Total Assets34.41B 30.32B
Long Term Debt8.97B5B
Total Liabilities33.56B 28.71B
Total Shareholder Equity840M1.6B
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)

20212020
Net Income-2.93B-6.93B
Capital Expenditures-744M-1.94B
Dividends Paid--
Total Cash From From Investing Activities-181M1.56B
Total Cash From From Financing Activities2.23B3.81B

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 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue8.46B7.81B25.51B24.26B
Cost Of Revenue8.29B8.91B18.24B17.71B
Gross Profit164M-1.1B7.26B6.55B
Research Development----
Selling General Administrative1.19B1.16B1.85B1.96B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses11.4B12.14B22.2B20.93B
Operating Income-2.94B-4.34B3.3B3.33B
Total Other Income Expense Net-564M-3.49B-1.03B157M
Ebit-2.94B-4.34B3.3B3.33B
Interest Expense-768M-637M-607M-231M
Income Before Tax-3.51B-7.83B2.27B3.49B
Income Tax Expense-574M-892M560M590M
Minority Interest6M6M6M6M
Net Income From Continuing Ops-2.93B-6.93B1.72B2.9B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-2.93B-6.93B1.72B2.88B
Net Income Applicable To Common Shares-2.93B-6.93B1.72B2.88B

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash7.89B5.77B4.06B3.84B
Short Term Investments16M105M2.58B2.4B
Net Receivables947M854M2.71B2.33B
Inventory334M351M565M509M
Other Current Assets598M160M365M197M
Total Current Assets10.55B7.84B11.33B10.09B
Long Term Investments71M58M113M111M
Property Plant Equipment17.16B17.53B19.17B12.44B
Good Will347M344M349M346M
Intangible Assets2.89B2.86B3.09B2.85B
Other Assets3.38B1.68B1.4B2.19B
Deferred Long Term Asset Charges1.28B1.07B546M536M
Total Assets34.41B30.32B35.45B28.03B
Accounts Payable2.07B1.61B2.31B2.08B
Short Long Term Debt932M229M149M153M
Other Current Liab7.88B7.17B7.66B7.22B
Long Term Debt8.97B5B3.06B1.43B
Other Liab3.2B3.73B3.46B3.63B
Minority Interest6M6M6M6M
Total Current Liabilities13.28B11.52B12.75B11.05B
Total Liab33.56B28.71B28.62B21.31B
Common Stock497M497M996M996M
Retained Earnings-5.73B-4.2B3.14B3.32B
Treasury Stock-1.7B-2.46B-2.64B-3.63B
Capital Surplus7.77B7.77B5.33B6.02B
Other Stockholder Equity-1.67B-2.42B-2.58B-3.56B
Total Stockholder Equity840M1.6B6.82B6.71B
Net Tangible Assets-2.4B-1.6B3.38B3.52B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income-2.93B-6.93B1.72B2.88B
Depreciation1.75B1.93B1.98B1.13B
Change To Netincome-757M264M246M-839M
Change To Account Receivables-351M2.28B-935M-650M
Change To Liabilities1.99B-1.12B865M586M
Total Cash From Operating Activities-141M-3.43B4B3.24B
Capital Expenditures-744M-1.94B-3.46B-2.8B
Investments91M2.37B-103M924M
Other Cashflows From Investing Activities-72M2M-1M61M
Total Cashflows From Investing Activities-181M1.56B-2.66B-1.24B
Net Borrowings2.55B1.05B49M-21M
Other Cashflows From Financing Activities-293M83M83M-312M
Total Cash From Financing Activities2.23B3.81B-1.26B-1.41B
Effect Of Exchange Rate205M-228M140M-38M
Change In Cash2.12B1.71B225M545M
Repurchase Of Stock-24M-24M-24M-500M
Dividends Paid---613M-577M