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BAE Systems Accounts Summary
| Date of Accounts | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
| Millions | Millions | Millions | Millions | Millions | |
| Income Statement | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Revenue | 23,078.00 | 21,258.00 | 19,521.00 | 19,277.00 | 18,305.00 |
| Operating Profit / Loss | 2,365.00 | 2,204.00 | 2,250.00 | 1,861.00 | 1,731.00 |
| Net Interest | -247.00 | -395.00 | -279.00 | -334.00 | -273.00 |
| Pre Tax Profit | 2,326.00 | 1,989.00 | 2,110.00 | 1,596.00 | 1,626.00 |
| Post Tax Profit | 1,940.00 | 1,674.00 | 1,912.00 | 1,371.00 | 1,532.00 |
| Profit for the Period | 1,940.00 | 1,674.00 | 1,912.00 | 1,371.00 | 1,532.00 |
| Equity Holders of Parent Company | 1,857.00 | 1,591.00 | 1,758.00 | 1,299.00 | 1,476.00 |
| Minority Interests | 83.00 | 83.00 | 154.00 | 72.00 | 56.00 |
| Continuing EPS | |||||
| Earnings per Share (Basic) | 61.30p | 51.10p | 55.20p | 40.70p | 46.40p |
| Earnings per Share (Diluted) | 60.40p | 50.50p | 54.70p | 40.50p | 46.10p |
| Earnings per Share (Adjusted) | 63.20p | 55.50p | 47.80p | 44.30p | 45.80p |
| Continuing and Discontinued EPS | |||||
| Earnings per Share (Basic) | 61.30p | 51.10p | 55.20p | 40.70p | 46.40p |
| Earnings per Share (Diluted) | 60.40p | 50.50p | 54.70p | 40.50p | 46.10p |
| Earnings per Share (Adjusted) | 63.20p | 55.50p | 47.80p | 44.30p | 45.80p |
| Dividend per Share | 30.00p | 27.00p | 25.10p | 37.50p | n/ap |
| Millions | Millions | Millions | Millions | Millions | |
| Balance Sheet | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Non-Current Assets | |||||
| Intangible Assets | 12,099.00 | 12,644.00 | 11,716.00 | 11,745.00 | 10,371.00 |
| Property, Plant and Equipment | 4,946.00 | 4,660.00 | 3,943.00 | 3,708.00 | 3,575.00 |
| Investments | 916.00 | 886.00 | 630.00 | 409.00 | 441.00 |
| Investment Properties | 57.00 | 63.00 | 67.00 | 128.00 | 137.00 |
| Other Financial Assets | 227.00 | 322.00 | 305.00 | 248.00 | 350.00 |
| Other Non-Current Assets | 2,046.00 | 2,253.00 | 1,656.00 | 1,886.00 | 1,512.00 |
| Total Non-Current Assets | 20,291.00 | 20,828.00 | 18,317.00 | 18,124.00 | 16,386.00 |
| Current Assets | |||||
| Inventories | 1,156.00 | 976.00 | 811.00 | 858.00 | 835.00 |
| Trade and Other Receivables | 6,185.00 | 6,166.00 | 4,825.00 | 5,491.00 | 5,458.00 |
| Cash at Bank and in Hand | 4,067.00 | 3,107.00 | 2,917.00 | 2,768.00 | 2,587.00 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 365.00 | 385.00 | 265.00 | 289.00 | 364.00 |
| Total Current Assets | 11,773.00 | 10,634.00 | 8,818.00 | 9,406.00 | 9,244.00 |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 32,064.00 | 31,462.00 | 27,135.00 | 27,530.00 | 25,630.00 |
| Current Liabilities | |||||
| Borrowings | 826.00 | 294.00 | 669.00 | 703.00 | 615.00 |
| Other Current Liabilities | 10,117.00 | 9,552.00 | 8,027.00 | 8,680.00 | 8,518.00 |
| Total Current Liabilities | 10,943.00 | 9,846.00 | 8,696.00 | 9,383.00 | 9,133.00 |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| Non-Current Liabilities | |||||
| Borrowings | 5,705.00 | 6,564.00 | 5,687.00 | 5,977.00 | 4,136.00 |
| Provisions | 342.00 | 343.00 | 408.00 | 386.00 | 385.00 |
| Other Non-Current Liabilities | 4,351.00 | 3,309.00 | 4,676.00 | 6,863.00 | 6,465.00 |
| Total Non-Current Liabilities | 10,398.00 | 10,216.00 | 10,771.00 | 13,226.00 | 10,986.00 |
| Net Assets | 10,723.00 | 11,400.00 | 7,668.00 | 4,921.00 | 5,511.00 |
| Capital and Reserves | |||||
| Share Capital | 81.00 | 82.00 | 85.00 | 87.00 | 87.00 |
| Share Premium Account | 1,253.00 | 1,252.00 | 1,252.00 | 1,249.00 | 1,249.00 |
| Other Reserves | 6,403.00 | 6,951.00 | 5,887.00 | 5,923.00 | 6,156.00 |
| Retained Earnings | 2,822.00 | 2,930.00 | 212.00 | -2,616.00 | -2,085.00 |
| Shareholders Funds | 10,559.00 | 11,215.00 | 7,436.00 | 4,643.00 | 5,407.00 |
| Minority Interests / Other Equity | 164.00 | 185.00 | 232.00 | 278.00 | 104.00 |
| Total Equity | 10,723.00 | 11,400.00 | 7,668.00 | 4,921.00 | 5,511.00 |
| 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | |
| Operating Margin | 10.25% | 10.37% | 11.53% | 9.65% | 9.46% |
| Return on Capital Employed | 46.81% | 40.02% | 87.96% | 797.52% | 688.04% |
| Dividend Cover | 2.11 | 2.06 | 1.90 | 1.18 | 4.87 |
| Dividend Yield | 2.70 | 3.20 | 4.60 | 7.70 | 1.70 |
| PE Ratio | 17.60 | 15.40 | 11.50 | 11.00 | 12.30 |
| PEG | n/a | n/a | n/a | n/a | 4.10 |
| Dividend per Share Growth | n/a% | -10.00% | -7.04% | 49.40% | -74.93% |
| Net Asset Value per Share | -45.43p | -41.08p | -133.66p | -225.32p | -160.47p |