British Airways financials

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

GBP	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018
Revenue	11.7b	11.3b	11.4b	12.2b	13.0b
Sales and marketing expense				480.0m
Operating expense total				10.5b
Depreciation and amortization	819.0m	735.0m	718.0m		728.0m
EBIT	975.0m	1.3b	1.4b	1.8b	2.0b
EBIT margin, %	8%	11%	12%	15%	15%
Interest expense	1.0b	149.0m	145.0m		128.0m
Interest income	873.0m	26.0m	22.0m		45.0m
Pre tax profit	859.0m	2.6b	1.6b	1.7b	2.5b
Income tax expense	157.0m	120.0m	221.0m	(297.0m)	365.0m
Net Income	702.0m	2.5b	1.4b	1.4b	2.1b

GBP	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018
Cash	2.5b	2.0b	2.5b	956.0m	956.0m
Accounts Receivable	531.0m	541.0m	710.0m	766.0m	766.0m
Inventories	133.0m	139.0m	133.0m	131.0m	131.0m
Current Assets	3.6b	3.4b	4.1b	4.5b	2.8b
PP&E	8.0b	8.1b	8.1b	7.9b	6.9b
Total Assets	13.4b	15.4b	16.5b	16.3b	16.7b
Accounts Payable	911.0m	971.0m	1.1b	1.3b	1.9b
Short-term debt	1.1b	1.3b	698.0m	646.0m	572.0m
Current Liabilities	5.5b	5.7b	5.3b	5.5b	5.5b
Long-term debt	4.3b	3.9b	4.5b	3.7b	3.7b
Non-Current Liabilities	6.0b	5.3b	7.1b	5.4b	5.2b
Total Debt	5.4b	5.2b	5.2b	4.4b	4.3b
Total Liabilities	11.5b	11.0b	12.4b	10.9b	10.7b
Common Stock	290.0m	290.0m	290.0m	290.0m	290.0m
Additional Paid-in Capital					1.5b
Retained Earnings		2.6b	2.6b
Total Equity	1.9b	4.4b	4.0b	5.4b	5.8b
Debt to Equity Ratio					0.7 x
Debt to Assets Ratio					0.3 x
Financial Leverage	7.1 x	3.5 x	4.1 x	3 x	2.9 x

GBP	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018
Net Income				1.8b
Depreciation and Amortization				766.0m
Cash From Operating Activities	1.4b	1.2b	1.5b	2.0b	1.7b
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	34.0m	175.0m	234.0m	(66.0m)	345.0m