Summary - Funding Rounds

Founding Date

1974
British Airways is a subsidiary of International Consolidated Airlines

British Airways Revenue Breakdown

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British Airways revenue breakdown by business segment: 46.0% from Passenger, 48.9% from Traffic and 5.1% from Other

British Airways revenue breakdown by geographic segment: 19.0% from United States, 32.8% from Rest of the World and 48.1% from United Kingdom

British Airways Income Statement

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

11.7b11.3b11.4b12.2b13.0b

Sales and marketing expense

480.0m

Operating expense total

10.5b

Depreciation and amortization

819.0m735.0m718.0m728.0m

EBIT

975.0m1.3b1.4b1.8b2.0b

EBIT margin, %

8%11%12%15%15%

Interest expense

1.0b149.0m145.0m128.0m

Interest income

873.0m26.0m22.0m45.0m

Pre tax profit

859.0m2.6b1.6b1.7b2.5b

Income tax expense

157.0m120.0m221.0m(297.0m)365.0m

Net Income

702.0m2.5b1.4b1.4b2.1b

British Airways Balance Sheet

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.5b2.0b2.5b956.0m956.0m

Accounts Receivable

531.0m541.0m710.0m766.0m766.0m

Inventories

133.0m139.0m133.0m131.0m131.0m

Current Assets

3.6b3.4b4.1b4.5b2.8b

PP&E

8.0b8.1b8.1b7.9b6.9b

Total Assets

13.4b15.4b16.5b16.3b16.7b

Accounts Payable

911.0m971.0m1.1b1.3b1.9b

Short-term debt

1.1b1.3b698.0m646.0m572.0m

Current Liabilities

5.5b5.7b5.3b5.5b5.5b

Long-term debt

4.3b3.9b4.5b3.7b3.7b

Non-Current Liabilities

6.0b5.3b7.1b5.4b5.2b

Total Debt

5.4b5.2b5.2b4.4b4.3b

Total Liabilities

11.5b11.0b12.4b10.9b10.7b

Common Stock

290.0m290.0m290.0m290.0m290.0m

Additional Paid-in Capital

1.5b

Retained Earnings

2.6b2.6b

Total Equity

1.9b4.4b4.0b5.4b5.8b

Debt to Equity Ratio

0.7 x

Debt to Assets Ratio

0.3 x

Financial Leverage

7.1 x3.5 x4.1 x3 x2.9 x

British Airways Cash Flow

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.8b

Depreciation and Amortization

766.0m

Cash From Operating Activities

1.4b1.2b1.5b2.0b1.7b

Purchases of PP&E

(575.0m)

Cash From Investing Activities

(2.0b)(637.0m)(831.0m)(816.0m)(427.0m)

Long-term Borrowings

(121.0m)

Dividends Paid

(460.0m)

Cash From Financing Activities

641.0m(378.0m)(462.0m)(1.2b)(943.0m)

Net Change in Cash

34.0m175.0m234.0m(66.0m)345.0m

British Airways Ratios

GBPFY, 2014

Financial Leverage

7.1 x

British Airways Operating Metrics

Sep, 2018

Customers Daily

123 k