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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

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£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

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

Geographic Segment

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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

Annual

GBP	FY, 2019	FY, 2020	FY, 2021
Revenue	23.4b	22.9b	21.3b
Revenue growth, %	(1%)	(2%)	(7%)
Cost of goods sold	5.4b	5.3b	5.2b
Gross profit	18.1b	17.6b	16.2b
Gross profit Margin, %	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
EBIT margin, %	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

Half Year

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
Gross profit Margin, %	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
EBIT margin, %	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

Annual

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

Half Year

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

Annual

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

Half Year

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

	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q4, 2020	FY, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q4, 2021	FY, 2021	Q1, 2022	Q2, 2022	Q3, 2022
Countries	180	180	180
Mobile Customers	28 m
Ethernet Circuits (Enterprise)	50.3 k	51.2 k	52 k	52.7 k		53 k	52.5 k	51.9 k	51.6 k		51.4 k	51.8 k	52.3 k	52.8 k
FTTP Network Deployment (Openreach)	1.25 m	1.51 m	1.81 m	2.16 m		2.58 m	2.98 m	3.5 m	4.05 m		4.61 m	5.17 m	5.78 m	6.44 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 m	2.17 m	2.42 m	2.73 m		2.81 m	2.83 m	2.83 m	2.83 m		2.83 m	2.83 m	2.83 m	2.83 m
Homes Passed	27.9 m
MVNO Customers (Enterprise)	3.78 m	3.7 m	3.73 m	3.85 m		3.88 m	3.92 m	3.99 m	4.08 m		4.11 m	3.4 m	3.17 m	2.94 m
Mobile Customers (Enterprise)	3.6 m	3.62 m	3.62 m	3.67 m		3.73 m	3.8 m	3.81 m	3.86 m		3.89 m	3.88 m	3.9 m	3.92 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 k	36.2 k	28.8 k	27.2 k		25.3 k	20.8 k	19.4 k	19.3 k		18.9 k	18 k
Retail Broadband Lines (Enterprise)	762 k	756 k	749 k	741 k		738 k	735 k	737 k	733 k		729 k	729 k	730 k	731 k
Retail Call Minutes (Enterprise)	3.55 b	827 m	803 m	779 m	799 m	3.21 b	676 m	787 m	769 m	714 m	2.95 b	703 m	677 m	654 m
Revenue Generating Units per Address	2.37	2.37	2.38	2.38	2.38	2.38	2.41	2.42	2.42	2.41	2.41	2.42	2.42	2.42
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 m	27.6 m	27.7 m	28.33 m		28.42 m	28.51 m	28.58 m	28.65 m		28.73 m	28.8 m	28.87 m	28.96 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 k	699 k	748 k	788 k		842 k	860 k	905 k	942 k		950 k	995 k	1.02 m	1.05 m
Voice Lines Served	2 m	1.94 m	1.88 m	1.81 m		1.76 m	1.72 m	1.67 m	1.61 m		1.55 m	1.51 m	1.46 m	1.42 m
WAN Circuits (Enterprise)	82.9 k	83.6 k	85.2 k	85.5 k		85.5 k	85.2 k	85 k	84.8 k		86.5 k	86.4 k	83.4 k	82.8 k
Wholesale Broadband Lines (Enterprise)	748 k	765 k	774 k	769 k		727 k	716 k	696 k	690 k		671 k	669 k	656 k	652 k
Wholesale Call Minutes (Enterprise)	3.69 b	841 m	830 m	718 m	756 m	3.15 b	709 m	701 m	672 m	623 m	2.71 b	551 m	504 m	481 m