AA (AA) stock price, revenue, and financials

AA market cap is $8.5 b, and annual revenue was £979 m in FY 2019

$8.5 B

AA Mkt cap, 08-Sept-2021

£491 M

AA Revenue H1, 2020
AA Gross profit (H1, 2020)299 M
AA Gross profit margin (H1, 2020), %60.9%
AA Net income (H1, 2020)34 M
AA EBITDA (H1, 2020)165 M
AA EBIT (H1, 2020)120 M
AA Cash, 31-Jul-2019132 M
AA EV11.2 B
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AA Revenue

AA revenue was £979 m in FY, 2019 which is a 2% year over year increase from the previous period.

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AA Revenue Breakdown

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AA revenue breakdown by business segment: 6.4% from Driving Services, 12.2% from Insurance Services, 79.5% from Roadside Assistance and 1.9% from Other

AA Income Statement

Annual

GBPFY, 2017FY, 2018FY, 2019

Revenue

933.0m960.0m979.0m

Revenue growth, %

(4%)3%2%

Cost of goods sold

341.0m360.0m399.0m

Gross profit

592.0m600.0m580.0m

Gross profit Margin, %

63%63%59%

General and administrative expense

309.0m292.0m361.0m

Operating expense total

375.0m363.0m434.0m

Depreciation and amortization

67.0m70.0m73.0m

EBITDA

403.0m391.0m341.0m

EBITDA margin, %

43%41%35%

EBIT

284.0m307.0m219.0m

EBIT margin, %

30%32%22%

Interest expense

1.5b132.0m127.0m

Interest income

1.0m1.0m1.0m

Pre tax profit

100.0m141.0m53.0m

Income tax expense

(26.0m)30.0m(11.0m)

Net Income

154.0m111.0m42.0m

EPS

0.30.20.1

Half Year

GBPH1, 2018H1, 2019H1, 2020

Revenue

471.0m480.0m491.0m

Cost of goods sold

173.0m197.0m192.0m

Gross profit

298.0m283.0m299.0m

Gross profit Margin, %

63%59%61%

General and administrative expense

120.0m167.0m180.0m

Operating expense total

153.0m201.0m221.0m

Depreciation and amortization

33.0m34.0m41.0m

EBITDA

193.0m161.0m165.0m

EBITDA margin, %

41%34%34%

EBIT

178.0m116.0m120.0m

EBIT margin, %

38%24%24%

Interest expense

68.0m63.0m65.0m

Pre tax profit

80.0m28.0m42.0m

Income tax expense

16.0m5.0m8.0m

Net Income

64.0m23.0m34.0m

AA Balance Sheet

Annual

GBPFY, 2017FY, 2018FY, 2019

Cash

211.0m150.0m116.0m

Accounts Receivable

141.0m137.0m142.0m

Inventories

6.0m7.0m4.0m

Current Assets

412.0m358.0m349.0m

PP&E

131.0m127.0m123.0m

Goodwill

1.2b1.2b1.2b

Total Assets

1.9b1.8b1.8b

Accounts Payable

97.0m103.0m88.0m

Short-term debt

47.0m48.0m49.0m

Current Liabilities

550.0m551.0m517.0m

Long-term debt

2.8b2.8b2.7b

Non-Current Liabilities

3.3b3.0b3.0b

Total Debt

2.9b2.8b2.8b

Total Liabilities

3.8b3.6b3.5b

Common Stock

1.0m1.0m1.0m

Additional Paid-in Capital

403.0m406.0m408.0m

Retained Earnings

(2.3b)(2.1b)(2.1b)

Total Equity

(1.9b)(1.8b)(1.7b)

Debt to Equity Ratio

-1.5 x-1.6 x-1.6 x

Debt to Assets Ratio

1.5 x1.5 x1.5 x

Financial Leverage

-1 x-1 x-1.1 x

Half Year

GBPH1, 2018H1, 2019H1, 2020

Cash

138.0m155.0m132.0m

Accounts Receivable

140.0m138.0m144.0m

Inventories

7.0m7.0m4.0m

Current Assets

345.0m375.0m373.0m

PP&E

113.0m110.0m55.0m

Goodwill

1.2b1.2b1.2b

Total Assets

1.8b1.8b1.9b

Accounts Payable

105.0m110.0m114.0m

Short-term debt

39.0m54.0m246.0m

Current Liabilities

538.0m561.0m739.0m

Long-term debt

2.8b2.7b2.6b

Non-Current Liabilities

3.1b2.9b2.9b

Total Debt

2.8b2.8b2.8b

Total Liabilities

3.7b3.4b3.6b

Common Stock

1.0m1.0m1.0m

Additional Paid-in Capital

404.0m407.0m409.0m

Retained Earnings

(2.3b)(2.0b)(2.1b)

Total Equity

(1.9b)(1.6b)(1.7b)

Debt to Equity Ratio

-1.5 x-1.7 x-1.7 x

Debt to Assets Ratio

1.5 x1.5 x1.5 x

Financial Leverage

-1 x-1.1 x-1.1 x

AA Cash Flow

Annual

GBPFY, 2017FY, 2018FY, 2019

Net Income

74.0m111.0m42.0m

Depreciation and Amortization

68.0m70.0m78.0m

Accounts Receivable

(45.0m)(3.0m)(23.0m)

Inventories

24.0m(6.0m)(3.0m)

Accounts Payable

23.0m(8.0m)(3.0m)

Cash From Operating Activities

345.0m316.0m258.0m

Capital Expenditures

(71.0m)(63.0m)(82.0m)

Cash From Investing Activities

47.0m(43.0m)(78.0m)

Long-term Borrowings

(809.0m)(369.0m)(600.0m)

Dividends Paid

(55.0m)(56.0m)(12.0m)

Cash From Financing Activities

(350.0m)(334.0m)(214.0m)

Net Change in Cash

42.0m(61.0m)(34.0m)

Interest Paid

150.0m141.0m133.0m

Income Taxes Paid

21.0m23.0m15.0m

Free Cash Flow

274.0m253.0m176.0m

Half Year

GBPH1, 2018H1, 2019H1, 2020

Net Income

64.0m23.0m34.0m

Depreciation and Amortization

33.0m34.0m41.0m

Accounts Receivable

(5.0m)(7.0m)(14.0m)

Inventories

(8.0m)(11.0m)5.0m

Accounts Payable

9.0m35.0m28.0m

Cash From Operating Activities

167.0m140.0m164.0m

Capital Expenditures

(26.0m)(36.0m)(37.0m)

Cash From Investing Activities

(16.0m)(37.0m)(52.0m)

Long-term Borrowings

(347.0m)(568.0m)(36.0m)

Dividends Paid

(35.0m)(9.0m)(8.0m)

Cash From Financing Activities

(224.0m)(98.0m)(96.0m)

Net Change in Cash

(73.0m)5.0m16.0m

Interest Paid

75.0m63.0m67.0m

Income Taxes Paid

11.0m10.0m4.0m

Free Cash Flow

141.0m104.0m127.0m

AA Ratios

GBPFY, 2017

Revenue/Employee

508.7k

Debt/Equity

-1.5 x

Debt/Assets

1.5 x

Financial Leverage

-1 x

AA Operating Metrics

FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020

Paid Personal Members (Roadside Assistance)

3.34 m3.33 m3.29 m3.25 m3.21 m3.19 m

Business Customers (Roadside Assistance)

9.98 m10.02 m9.93 k9.68 m9.79 m9 m

Average Income per Paid Personal Member (Roadside Assistance)

£158£156£157£159£162£165

Average Income per Business Customer (Roadside Assistance)

£20£20£20£21£21£22

Breakdowns Attended (Roadside Assistance)

3.64 m1.72 m3.68 m1.91 m3.72 m1.65 m

Insurance Policies Owned

1.88 m1.85 m1.45 m1.48 m1.56 m1.64 m

Average Income per Policy

£70£72£74£73£69£67

Underwritten Insurance Policies

115 k321 k407 k463 k598 k705 k

Financial Services Products

100 k131 k142 k136 k112 k159 k

DriveTech Police Contracts

111112

Approved Driving Instructors

2.61 k2.67 k2.74 k2.75 k2.41 k

AA Human Capital

FY, 2019FY, 2018FY, 2017
Male (Leadership), percent18%19.5%19.5%
Female (Leadership), percent7%5.5%5.5%
Male (Executive Leadership), percent16.8%19.3%17.5%
Female (Board), percent6.3%7.3%
Male (Board), percent18.8%17.8%21.5%
Female (Executive Leadership), percent8.3%5.8%7.5%
Male, percent17%17.5%19.8%
Female, percent8%7.5%5.3%
Other3.5%