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

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

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

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

GBP | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Revenue | 23.4b | 22.9b | 21.3b |

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

## Cost of goods sold | 5.4b | 5.3b | 5.2b |

## Gross profit | 18.1b | 17.6b | 16.2b |

| 77% | 77% | 76% |

## Operating expense total | 14.6b | 14.3b | 13.6b |

## Depreciation and amortization | 3.5b | 4.3b | 4.3b |

## EBIT | 3.4b | 3.3b | 2.6b |

| 15% | 14% | 12% |

## Interest expense | 734.0m | 941.0m | 803.0m |

## Interest income | 34.0m | 44.0m | 12.0m |

## Pre tax profit | 2.7b | 2.4b | 1.8b |

## Income tax expense | 507.0m | 619.0m | 332.0m |

## Net Income | 2.2b | 1.7b | 1.5b |

## EPS | 0.2 | 0.2 | 0.1 |

GBP | H1, 2020 | H1, 2021 | H1, 2022 |
---|---|---|---|

## Revenue | 11.5b | 10.6b | 10.3b |

## Cost of goods sold | 2.6b | 2.6b | 2.5b |

## Gross profit | 8.8b | 8.0b | 7.8b |

| 77% | 76% | 76% |

## Operating expense total | 7.1b | 6.6b | 6.4b |

## Depreciation and amortization | 2.1b | 2.2b | 2.2b |

## EBIT | 1.8b | 1.5b | 1.4b |

| 15% | 14% | 14% |

## Interest expense | 451.0m | 402.0m | 432.0m |

## Interest income | 20.0m | 9.0m | 3.0m |

## Pre tax profit | 1.3b | 1.1b | 1.0b |

## Income tax expense | 265.0m | 206.0m | 578.0m |

## Net Income | 1.1b | 856.0m | 431.0m |

## EPS | 0.1 | 0.1 | 0.0 |

GBP | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Cash | 1.7b | 1.5b | 1.0b |

## Accounts Receivable | 1.7b | 1.4b | 1.2b |

## Prepaid Expenses | 698.0m | 607.0m | 1.4b |

## Inventories | 369.0m | 300.0m | 297.0m |

## Current Assets | 10.4b | 12.0b | 10.4b |

## PP&E | 17.8b | 18.5b | 19.4b |

## Goodwill | 8.0b | 7.9b | 7.8b |

## Total Assets | 46.3b | 53.1b | 50.9b |

## Accounts Payable | 4.1b | 3.9b | 4.0b |

## Short-term debt | 2.1b | 3.7b | 1.6b |

## Current Liabilities | 9.6b | 11.0b | 9.0b |

## Long-term debt | 14.8b | 22.2b | 21.2b |

## Non-Current Liabilities | 26.5b | 27.3b | 30.2b |

## Total Debt | 16.9b | 25.9b | 22.8b |

## Total Liabilities | 36.1b | 38.3b | 39.2b |

## Common Stock | 499.0m | 499.0m | 499.0m |

## Additional Paid-in Capital | 1.1b | 1.1b | 1.1b |

## Retained Earnings | 3.9b | 9.8b | 8.8b |

## Total Equity | 10.2b | 14.8b | 11.7b |

## Debt to Equity Ratio | 1.7 x | 1.8 x | 2 x |

## Debt to Assets Ratio | 0.4 x | 0.5 x | 0.4 x |

## Financial Leverage | 4.6 x | 3.6 x | 4.4 x |

GBP | H1, 2020 | H1, 2021 | H1, 2022 |
---|---|---|---|

## Cash | 499.0m | 801.0m | 393.0m |

## Inventories | 315.0m | 235.0m | 264.0m |

## Current Assets | 10.2b | 12.3b | 9.8b |

## PP&E | 18.1b | 18.8b | 19.7b |

## Total Assets | 51.4b | 53.5b | 51.6b |

## Short-term debt | 2.3b | 3.5b | 2.2b |

## Current Liabilities | 9.8b | 10.8b | 9.4b |

## Long-term debt | 21.5b | 21.9b | 20.7b |

## Non-Current Liabilities | 31.4b | 30.6b | 30.1b |

## Total Debt | 23.8b | 25.4b | 22.8b |

## Total Liabilities | 41.1b | 41.4b | 39.5b |

## Common Stock | 499.0m | 499.0m | 499.0m |

## Additional Paid-in Capital | 1.1b | 1.1b | 1.1b |

## Retained Earnings | 5.4b | 8.8b | 9.0b |

## Total Equity | 10.3b | 12.1b | 12.1b |

## Debt to Equity Ratio | 2.3 x | 2.1 x | 1.9 x |

## Debt to Assets Ratio | 0.5 x | 0.5 x | 0.4 x |

## Financial Leverage | 5 x | 4.4 x | 4.3 x |

GBP | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|

## Net Income | 2.2b | 1.7b | 1.5b |

## Depreciation and Amortization | 3.5b | 4.3b | 4.3b |

## Accounts Receivable | (58.0m) | 163.0m | 327.0m |

## Inventories | (138.0m) | 69.0m | 2.0m |

## Accounts Payable | 57.0m | 144.0m | (43.0m) |

## Cash From Operating Activities | 4.3b | 6.3b | 6.0b |

## 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 | 531.0m | 736.0m | 770.0m |

## Income Taxes Paid | 431.0m | 210.0m | 288.0m |

GBP | H1, 2020 | H1, 2021 | H1, 2022 |
---|---|---|---|

## Net Income | 1.1b | 856.0m | 431.0m |

## Depreciation and Amortization | 2.1b | 2.2b | 2.2b |

## Accounts Receivable | (25.0m) | (108.0m) | (158.0m) |

## Inventories | 53.0m | 65.0m | 33.0m |

## Accounts Payable | (541.0m) | (267.0m) | (406.0m) |

## Cash From Operating Activities | 2.2b | 2.7b | 2.4b |

## 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 | 300.0m | 409.0m | 396.0m |

## Income Taxes Paid | 83.0m | 77.0m | 20.0m |

GBP | FY, 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 |