
BAE Systems PLC
LSE:BA

Income Statement
Earnings Waterfall
BAE Systems PLC
Revenue
|
26.3B
GBP
|
Cost of Revenue
|
-9.1B
GBP
|
Gross Profit
|
17.3B
GBP
|
Operating Expenses
|
-14.8B
GBP
|
Operating Income
|
2.5B
GBP
|
Other Expenses
|
-496m
GBP
|
Net Income
|
2B
GBP
|
Income Statement
BAE Systems PLC
Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
8 817
N/A
|
9 524
+8%
|
11 019
+16%
|
12 146
+10%
|
12 333
+2%
|
12 919
+5%
|
14 309
+11%
|
15 057
+5%
|
16 671
+11%
|
18 669
+12%
|
20 374
+9%
|
21 385
+5%
|
20 980
-2%
|
19 557
-7%
|
17 770
-9%
|
16 927
-5%
|
16 691
-1%
|
16 845
+1%
|
16 903
+0%
|
16 034
-5%
|
15 430
-4%
|
16 309
+6%
|
16 787
+3%
|
17 064
+2%
|
17 790
+4%
|
18 427
+4%
|
17 224
-7%
|
16 470
-4%
|
16 821
+2%
|
17 334
+3%
|
18 305
+6%
|
18 811
+3%
|
19 277
+2%
|
19 436
+1%
|
19 521
+0%
|
19 921
+2%
|
21 258
+7%
|
22 516
+6%
|
23 078
+2%
|
24 558
+6%
|
26 312
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7 057)
|
0
|
(7 157)
|
0
|
(6 015)
|
0
|
(5 849)
|
0
|
(6 417)
|
0
|
(6 757)
|
0
|
(6 944)
|
0
|
(7 064)
|
0
|
(7 845)
|
0
|
(9 054)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
9 730
N/A
|
0
N/A
|
10 633
N/A
|
0
N/A
|
11 209
N/A
|
0
N/A
|
10 972
N/A
|
0
N/A
|
11 888
N/A
|
0
N/A
|
12 520
N/A
|
0
N/A
|
12 577
N/A
|
0
N/A
|
14 194
N/A
|
0
N/A
|
15 233
N/A
|
0
N/A
|
17 258
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8 162)
|
(8 840)
|
(10 287)
|
(11 259)
|
(11 358)
|
(11 850)
|
(13 123)
|
(13 742)
|
(15 153)
|
(17 429)
|
(19 646)
|
(20 243)
|
(19 510)
|
(18 162)
|
(16 321)
|
(15 456)
|
(15 177)
|
(15 368)
|
(16 206)
|
(15 370)
|
(14 213)
|
(15 095)
|
(8 271)
|
(15 578)
|
(8 987)
|
(16 665)
|
(9 508)
|
(15 280)
|
(9 342)
|
(15 787)
|
(10 119)
|
(17 115)
|
(10 735)
|
(17 109)
|
(10 684)
|
(17 957)
|
(12 078)
|
(20 127)
|
(12 915)
|
(22 148)
|
(14 806)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5 309)
|
0
|
(5 724)
|
0
|
(6 125)
|
0
|
(6 163)
|
0
|
(6 417)
|
0
|
(6 687)
|
0
|
(6 667)
|
0
|
(7 495)
|
0
|
(8 091)
|
0
|
(9 252)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(168)
|
0
|
(206)
|
0
|
(238)
|
0
|
(212)
|
0
|
(224)
|
0
|
(228)
|
0
|
(251)
|
0
|
(276)
|
0
|
(274)
|
0
|
(357)
|
|
Depreciation & Amortization |
(13)
|
(30)
|
(77)
|
(111)
|
(105)
|
(102)
|
(149)
|
(201)
|
(247)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(347)
|
0
|
(334)
|
0
|
(342)
|
0
|
(347)
|
0
|
(604)
|
0
|
(661)
|
0
|
(698)
|
0
|
(759)
|
0
|
(776)
|
0
|
(1 085)
|
|
Other Operating Expenses |
(8 149)
|
(8 810)
|
(10 210)
|
(11 148)
|
(11 253)
|
(11 748)
|
(12 974)
|
(13 541)
|
(14 906)
|
(17 429)
|
(19 646)
|
(20 243)
|
(19 510)
|
(18 162)
|
(16 321)
|
(15 456)
|
(15 177)
|
(15 368)
|
(16 206)
|
(15 370)
|
(14 213)
|
(15 095)
|
(2 447)
|
(15 578)
|
(2 723)
|
(16 665)
|
(2 803)
|
(15 280)
|
(2 620)
|
(15 787)
|
(2 874)
|
(17 115)
|
(3 159)
|
(17 109)
|
(3 068)
|
(17 957)
|
(3 548)
|
(20 127)
|
(3 774)
|
(22 148)
|
(4 112)
|
|
Operating Income |
655
N/A
|
684
+4%
|
732
+7%
|
887
+21%
|
975
+10%
|
1 069
+10%
|
1 186
+11%
|
1 315
+11%
|
1 518
+15%
|
1 240
-18%
|
728
-41%
|
1 142
+57%
|
1 470
+29%
|
1 395
-5%
|
1 449
+4%
|
1 471
+2%
|
1 514
+3%
|
1 477
-2%
|
697
-53%
|
664
-5%
|
1 217
+83%
|
1 214
0%
|
1 459
+20%
|
1 486
+2%
|
1 646
+11%
|
1 762
+7%
|
1 701
-3%
|
1 190
-30%
|
1 630
+37%
|
1 547
-5%
|
1 769
+14%
|
1 696
-4%
|
1 785
+5%
|
2 327
+30%
|
1 893
-19%
|
1 964
+4%
|
2 116
+8%
|
2 389
+13%
|
2 318
-3%
|
2 410
+4%
|
2 452
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
172
|
251
|
158
|
(110)
|
(82)
|
103
|
197
|
202
|
671
|
130
|
(513)
|
(58)
|
(61)
|
(76)
|
17
|
(121)
|
(312)
|
(319)
|
(273)
|
(230)
|
(335)
|
(365)
|
(35)
|
(376)
|
(275)
|
(405)
|
(17)
|
(280)
|
(97)
|
(118)
|
43
|
(157)
|
(176)
|
(269)
|
117
|
(226)
|
(176)
|
7
|
(52)
|
(113)
|
(129)
|
|
Non-Reccuring Items |
(97)
|
(81)
|
(45)
|
(45)
|
(34)
|
(34)
|
(148)
|
(148)
|
182
|
173
|
51
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(109)
|
0
|
(4)
|
0
|
(398)
|
0
|
(171)
|
0
|
(40)
|
0
|
67
|
0
|
166
|
0
|
82
|
0
|
42
|
0
|
8
|
|
Total Other Income |
(105)
|
(119)
|
(149)
|
(84)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(225)
|
0
|
(216)
|
0
|
(213)
|
0
|
(138)
|
0
|
(146)
|
0
|
(80)
|
0
|
(66)
|
0
|
(33)
|
12
|
18
|
(6)
|
1
|
|
Pre-Tax Income |
625
N/A
|
735
+18%
|
696
-5%
|
648
-7%
|
859
+33%
|
1 138
+32%
|
1 235
+9%
|
1 369
+11%
|
2 371
+73%
|
1 543
-35%
|
266
-83%
|
1 084
+308%
|
1 409
+30%
|
1 319
-6%
|
1 466
+11%
|
1 350
-8%
|
1 202
-11%
|
1 158
-4%
|
424
-63%
|
434
+2%
|
882
+103%
|
849
-4%
|
1 090
+28%
|
1 110
+2%
|
1 151
+4%
|
1 357
+18%
|
1 073
-21%
|
910
-15%
|
1 224
+35%
|
1 429
+17%
|
1 626
+14%
|
1 539
-5%
|
1 596
+4%
|
2 058
+29%
|
2 110
+3%
|
1 738
-18%
|
1 989
+14%
|
2 408
+21%
|
2 326
-3%
|
2 291
-2%
|
2 332
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(168)
|
(171)
|
(113)
|
(116)
|
(213)
|
(284)
|
(335)
|
(371)
|
(603)
|
(437)
|
(327)
|
(530)
|
(418)
|
(380)
|
(206)
|
(167)
|
(243)
|
(207)
|
(246)
|
(237)
|
(130)
|
(133)
|
(147)
|
(147)
|
(213)
|
(264)
|
(274)
|
(199)
|
(196)
|
(69)
|
(94)
|
(265)
|
(225)
|
(144)
|
(198)
|
(281)
|
(315)
|
(376)
|
(386)
|
(368)
|
(291)
|
|
Income from Continuing Operations |
457
|
564
|
583
|
532
|
646
|
854
|
900
|
998
|
1 768
|
1 106
|
(61)
|
554
|
991
|
939
|
1 260
|
1 183
|
959
|
951
|
178
|
197
|
752
|
716
|
943
|
963
|
938
|
1 093
|
799
|
711
|
1 028
|
1 360
|
1 532
|
1 274
|
1 371
|
1 914
|
1 912
|
1 457
|
1 674
|
2 032
|
1 940
|
1 923
|
2 041
|
|
Income to Minority Interest |
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(21)
|
(31)
|
(23)
|
(22)
|
(22)
|
(17)
|
(29)
|
(28)
|
(16)
|
(18)
|
(11)
|
(7)
|
(8)
|
(9)
|
(12)
|
(15)
|
(25)
|
(27)
|
(25)
|
(19)
|
(30)
|
(40)
|
(33)
|
(41)
|
(56)
|
(61)
|
(72)
|
(147)
|
(154)
|
(84)
|
(83)
|
(91)
|
(83)
|
(83)
|
(85)
|
|
Net Income (Common) |
2
N/A
|
250
+12 400%
|
553
+121%
|
641
+16%
|
1 636
+155%
|
1 746
+7%
|
901
-48%
|
972
+8%
|
1 745
+80%
|
1 077
-38%
|
(67)
N/A
|
633
N/A
|
1 052
+66%
|
912
-13%
|
1 240
+36%
|
1 181
-5%
|
948
-20%
|
940
-1%
|
168
-82%
|
186
+11%
|
740
+298%
|
701
-5%
|
918
+31%
|
936
+2%
|
913
-2%
|
1 074
+18%
|
827
-23%
|
729
-12%
|
1 000
+37%
|
1 324
+32%
|
1 476
+11%
|
1 213
-18%
|
1 299
+7%
|
1 767
+36%
|
1 758
-1%
|
1 373
-22%
|
1 591
+16%
|
1 941
+22%
|
1 857
-4%
|
1 840
-1%
|
1 956
+6%
|
|
EPS (Diluted) |
0
N/A
|
0.07
N/A
|
0.17
+143%
|
0.18
+6%
|
0.48
+167%
|
0.51
+6%
|
0.26
-49%
|
0.28
+8%
|
0.5
+79%
|
0.31
-38%
|
-0.02
N/A
|
0.18
N/A
|
0.3
+67%
|
0.26
-13%
|
0.36
+38%
|
0.35
-3%
|
0.29
-17%
|
0.29
N/A
|
0.06
-79%
|
0.06
N/A
|
0.23
+283%
|
0.22
-4%
|
0.29
+32%
|
0.3
+3%
|
0.29
-3%
|
0.34
+17%
|
0.24
-29%
|
0.21
-13%
|
0.31
+48%
|
0.41
+32%
|
0.46
+12%
|
0.38
-17%
|
0.4
+5%
|
0.55
+38%
|
0.55
N/A
|
0.43
-22%
|
0.5
+16%
|
0.62
+24%
|
0.6
-3%
|
0.6
N/A
|
0.64
+7%
|