BT (BT-A.L) stock price, revenue, and financials

BT market cap is £18 b, and annual revenue was £21.33 b in FY 2021

£18 B

BT-A.L Mkt cap, 27-Apr-2022

£10.3 B

BT Revenue H1, 2022
BT Gross profit (H1, 2022)7.8 B
BT Gross profit margin (H1, 2022), %76.1%
BT Net income (H1, 2022)431 M
BT EBIT (H1, 2022)1.4 B
BT Cash, 30-Sept-2021393 M
BT EV40.4 B
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BT Revenue

BT revenue was £21.33 b in FY, 2021 which is a 6.9% year over year decrease from the previous period.

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BT Revenue Breakdown

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BT revenue breakdown by geographic segment: 86.7% from UK, 7.5% from Europe, Middle East and Africa and 5.8% from Other

BT Income Statement

Annual

GBPFY, 2019FY, 2020FY, 2021

Revenue

23.4b22.9b21.3b

Revenue growth, %

(1%)(2%)(7%)

Cost of goods sold

5.4b5.3b5.2b

Gross profit

18.1b17.6b16.2b

Gross profit Margin, %

77%77%76%

Operating expense total

14.6b14.3b13.6b

Depreciation and amortization

3.5b4.3b4.3b

EBIT

3.4b3.3b2.6b

EBIT margin, %

15%14%12%

Interest expense

734.0m941.0m803.0m

Interest income

34.0m44.0m12.0m

Pre tax profit

2.7b2.4b1.8b

Income tax expense

507.0m619.0m332.0m

Net Income

2.2b1.7b1.5b

EPS

0.20.20.1

Half Year

GBPH1, 2020H1, 2021H1, 2022

Revenue

11.5b10.6b10.3b

Cost of goods sold

2.6b2.6b2.5b

Gross profit

8.8b8.0b7.8b

Gross profit Margin, %

77%76%76%

Operating expense total

7.1b6.6b6.4b

Depreciation and amortization

2.1b2.2b2.2b

EBIT

1.8b1.5b1.4b

EBIT margin, %

15%14%14%

Interest expense

451.0m402.0m432.0m

Interest income

20.0m9.0m3.0m

Pre tax profit

1.3b1.1b1.0b

Income tax expense

265.0m206.0m578.0m

Net Income

1.1b856.0m431.0m

EPS

0.10.10.0

BT Balance Sheet

Annual

GBPFY, 2019FY, 2020FY, 2021

Cash

1.7b1.5b1.0b

Accounts Receivable

1.7b1.4b1.2b

Prepaid Expenses

698.0m607.0m1.4b

Inventories

369.0m300.0m297.0m

Current Assets

10.4b12.0b10.4b

PP&E

17.8b18.5b19.4b

Goodwill

8.0b7.9b7.8b

Total Assets

46.3b53.1b50.9b

Accounts Payable

4.1b3.9b4.0b

Short-term debt

2.1b3.7b1.6b

Current Liabilities

9.6b11.0b9.0b

Long-term debt

14.8b22.2b21.2b

Non-Current Liabilities

26.5b27.3b30.2b

Total Debt

16.9b25.9b22.8b

Total Liabilities

36.1b38.3b39.2b

Common Stock

499.0m499.0m499.0m

Additional Paid-in Capital

1.1b1.1b1.1b

Retained Earnings

3.9b9.8b8.8b

Total Equity

10.2b14.8b11.7b

Debt to Equity Ratio

1.7 x1.8 x2 x

Debt to Assets Ratio

0.4 x0.5 x0.4 x

Financial Leverage

4.6 x3.6 x4.4 x

Half Year

GBPH1, 2020H1, 2021H1, 2022

Cash

499.0m801.0m393.0m

Inventories

315.0m235.0m264.0m

Current Assets

10.2b12.3b9.8b

PP&E

18.1b18.8b19.7b

Total Assets

51.4b53.5b51.6b

Short-term debt

2.3b3.5b2.2b

Current Liabilities

9.8b10.8b9.4b

Long-term debt

21.5b21.9b20.7b

Non-Current Liabilities

31.4b30.6b30.1b

Total Debt

23.8b25.4b22.8b

Total Liabilities

41.1b41.4b39.5b

Common Stock

499.0m499.0m499.0m

Additional Paid-in Capital

1.1b1.1b1.1b

Retained Earnings

5.4b8.8b9.0b

Total Equity

10.3b12.1b12.1b

Debt to Equity Ratio

2.3 x2.1 x1.9 x

Debt to Assets Ratio

0.5 x0.5 x0.4 x

Financial Leverage

5 x4.4 x4.3 x

BT Cash Flow

Annual

GBPFY, 2019FY, 2020FY, 2021

Net Income

2.2b1.7b1.5b

Depreciation and Amortization

3.5b4.3b4.3b

Accounts Receivable

(58.0m)163.0m327.0m

Inventories

(138.0m)69.0m2.0m

Accounts Payable

57.0m144.0m(43.0m)

Cash From Operating Activities

4.3b6.3b6.0b

Purchases of PP&E

(3.7b)(4.1b)(4.9b)

Cash From Investing Activities

(3.8b)(5.6b)(3.2b)

Long-term Borrowings

(1.4b)(1.8b)(1.9b)

Dividends Paid

(1.5b)(1.5b)(2.0m)

Cash From Financing Activities

634.0m(807.0m)(3.2b)

Net Change in Cash

1.1b(186.0m)(496.0m)

Interest Paid

531.0m736.0m770.0m

Income Taxes Paid

431.0m210.0m288.0m

Half Year

GBPH1, 2020H1, 2021H1, 2022

Net Income

1.1b856.0m431.0m

Depreciation and Amortization

2.1b2.2b2.2b

Accounts Receivable

(25.0m)(108.0m)(158.0m)

Inventories

53.0m65.0m33.0m

Accounts Payable

(541.0m)(267.0m)(406.0m)

Cash From Operating Activities

2.2b2.7b2.4b

Purchases of PP&E

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

Cash From Investing Activities

(2.3b)(2.5b)(2.1b)

Long-term Borrowings

(1.1b)(363.0m)(320.0m)

Dividends Paid

(1.0b)(2.0m)(1.0m)

Cash From Financing Activities

(1.0b)(923.0m)(842.0m)

Net Change in Cash

(1.2b)(678.0m)(579.0m)

Interest Paid

300.0m409.0m396.0m

Income Taxes Paid

83.0m77.0m20.0m

BT Ratios

GBPFY, 2019

EV/EBIT

13 x

EV/CFO

10.5 x

Revenue/Employee

219.6k

Debt/Equity

1.7 x

Debt/Assets

0.4 x

Financial Leverage

4.6 x

P/E Ratio

68.5

BT Operating Metrics

FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021Q4, 2021FY, 2021Q1, 2022Q2, 2022Q3, 2022

Countries

180180180

Mobile Customers

28 m

Ethernet Circuits (Enterprise)

50.3 k51.2 k52 k52.7 k53 k52.5 k51.9 k51.6 k51.4 k51.8 k52.3 k52.8 k

FTTP Network Deployment (Openreach)

1.25 m1.51 m1.81 m2.16 m2.58 m2.98 m3.5 m4.05 m4.61 m5.17 m5.78 m6.44 m

Fixed ARPC (Consumer)

£38.6£37.9£38.5£38.2£38.1£38.2£36.4£36.1£36£35£35.9£34.9£35.4£35.6

Fixed Monthly Churn (Consumer)

1.4%1.3%1.3%1.3%1.3%1.3%1%1%1.2%1.1%1%0.9%1%1%

Gfast Network Deployment (Openreach)

2.02 m2.17 m2.42 m2.73 m2.81 m2.83 m2.83 m2.83 m2.83 m2.83 m2.83 m2.83 m

Homes Passed

27.9 m

MVNO Customers (Enterprise)

3.78 m3.7 m3.73 m3.85 m3.88 m3.92 m3.99 m4.08 m4.11 m3.4 m3.17 m2.94 m

Mobile Customers (Enterprise)

3.6 m3.62 m3.62 m3.67 m3.73 m3.8 m3.81 m3.86 m3.89 m3.88 m3.9 m3.92 m

Order Book

£4 b

Order Intake (Business and Public Sector)

£2.9 b£3.1 b

Order Intake (Global Services)

£3.69 b

Order Intake (Wholesale and Ventures)

£1 b£1.13 b

Patents and Patent Applications

5 k

Postpaid Mobile ARPC (Consumer)

£21.5£20.7£20.8£20.3£20.4£20.6£19.6£19.6£18.9£18.1£19.1£18£17.7£17.3

Postpaid Mobile Monthly Churn (Consumer)

1.2%1.1%1.2%1.3%1.1%1.2%1%1.1%1.1%1%1.1%0.9%1%1%

Prepaid Mobile ARPC (Consumer)

£8.2£7.7£8.1£8.6£8.8£8.3£7.5£7.9£8.2£7.7£7.8£7.8£8.4£8.1

Private Circuits (Enterprise)

38 k36.2 k28.8 k27.2 k25.3 k20.8 k19.4 k19.3 k18.9 k18 k

Retail Broadband Lines (Enterprise)

762 k756 k749 k741 k738 k735 k737 k733 k729 k729 k730 k731 k

Retail Call Minutes (Enterprise)

3.55 b827 m803 m779 m799 m3.21 b676 m787 m769 m714 m2.95 b703 m677 m654 m

Revenue Generating Units per Address

2.372.372.382.382.382.382.412.422.422.412.412.422.422.42

Superfast Fibre Share of Broadband Base (Consumer)

72.9%74.3%75.8%77.1%79.7%79.7%81.8%82.4%82.3%82.4%82.4%82%81.9%81.1%

Superfast Fibre Share of Broadband Base (Enterprise)

45.9%47%48.3%49.1%49.6%48.8%50.3%51.4%52.1%53%54%56.5%

Superfast Network Deployment (Openreach)

27.48 m27.6 m27.7 m28.33 m28.42 m28.51 m28.58 m28.65 m28.73 m28.8 m28.87 m28.96 m

Ultrafast Fibre Share of Broadband Base (Consumer)

0.8%1.1%1.6%2.1%2.4%2.5%2.7%4.8%5.5%6.6%7.3%8.6%

Ultrafast Fibre Share of Broadband Base (Enterprise)

0.3%0.4%0.5%0.6%0.8%0.9%1.1%1.4%1.5%1.9%2.4%2.9%

VoIP Seats (Enterprise)

569 k699 k748 k788 k842 k860 k905 k942 k950 k995 k1.02 m1.05 m

Voice Lines Served

2 m1.94 m1.88 m1.81 m1.76 m1.72 m1.67 m1.61 m1.55 m1.51 m1.46 m1.42 m

WAN Circuits (Enterprise)

82.9 k83.6 k85.2 k85.5 k85.5 k85.2 k85 k84.8 k86.5 k86.4 k83.4 k82.8 k

Wholesale Broadband Lines (Enterprise)

748 k765 k774 k769 k727 k716 k696 k690 k671 k669 k656 k652 k

Wholesale Call Minutes (Enterprise)

3.69 b841 m830 m718 m756 m3.15 b709 m701 m672 m623 m2.71 b551 m504 m481 m

BT Employee Rating

3.67287 votes
Culture & Values
3.7
Work/Life Balance
3.8
Senior Management
3.2
Salary & Benefits
3.6
Career Opportunities
3.5
Source