BTI FY 2013 Earnings Report — British American Tobacco p.l.c. Revenue & Financial Results | Market Cap Arena

British American Tobacco p.l.c.BTI

FY 2013 Earnings

Reported December 31, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$20.6B	—	—	—	—
Op. Income	$7.8B	—	—	—	—
Gross Margin	78.7%	—	—	—	—
Net Margin	25.6%	—	—	—	—
EPS (Diluted)	$2.77	—	—	—	—
Free Cash Flow	$5.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$20.6B
Cost of Revenue	$4.4B
GROSS PROFIT	$16.2B
R&D Expenses	$217M
Selling & Marketing	$3.2B
General & Administrative	$20M
SG&A Expenses	$3.2B
Other Expenses	-$4.9B
Operating Expenses	$7.8B
Cost & Expenses	$12.2B
OPERATING INCOME	$7.8B
Interest Income	$621M
Interest Expense	$718M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$998M
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$531M
EBIT	$8.7B
EBITDA	$8.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$20.6B
Cost of Revenue	$4.4B
GROSS PROFIT	$16.2B
R&D Expenses	$217M
Selling & Marketing	$3.2B
General & Administrative	$20M
SG&A Expenses	$3.2B
Other Expenses	-$4.9B
Operating Expenses	$7.8B
Cost & Expenses	$12.2B
OPERATING INCOME	$7.8B
Interest Income	$621M
Interest Expense	$718M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$998M
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$531M
EBIT	$8.7B
EBITDA	$8.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$5.3B
Depreciation & Amortization	$531M
Stock-Based Compensation	$100M
Deferred Income Tax	$0
Other Non-Cash Items	$1.3B
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$6.0B
Capital Expenditure	-$775M
Acquisitions (Net)	-$22M
Purchases of Investments	-$43M
Sales/Maturities of Investments	$0
Other Investing Activities	$344M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$2.1B
Common Dividends Paid	-$3.5B
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$5.4B
FREE CASH FLOW	$5.2B
Net Change in Cash	-$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$73M
Net Receivables	$3.0B
Inventory	$5.5B
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$12.9B
PP&E (Net)	$4.3B
Goodwill	$13.8B
Intangible Assets	$1.3B
Long-Term Investments	$3.1B
Tax Assets	$335M
Other Non-Current Assets	$639M
TOTAL NON-CURRENT ASSETS	$23.4B
TOTAL ASSETS	$36.3B
Account Payables	$7.8B
Short-Term Debt	$2.7B
Deferred Revenue	$657M
Other Current Liabilities	$308M
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$13.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$694M
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$15.5B
TOTAL LIABILITIES	$26.9B
Common Stock	$684M
Additional Paid-In Capital	$95M
Retained Earnings	$3.2B
Treasury Stock	$0
Accum. Other Comp. Income	$4.8B
Other Equity	-$11.6B
TOTAL STOCKHOLDERS' EQUITY	$9.0B
Minority Interest	$406M
TOTAL EQUITY	$9.4B
TOTAL LIABILITIES & EQUITY	$36.3B
Total Debt	$15.8B
Net Debt	$12.9B