← British American Tobacco p.l.c.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — $6.7b ($14.4b) $3.1b $7.8b
Net Income From Continuing Operations — — — — — — $6.8b ($14.2b) $3.2b $7.8b
Other Adjustments To Reconcile Profit Loss — — $294.0m $874.0m — — — — — —
Adjustments For Depreciation And Amortisation Expense And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss $607.0m $902.0m $1.0b $1.5b $1.4b $1.1b $1.3b $28.6b $3.1b $2.5b
Amortization Cash Flow — — — — — — $459.0m $23.4b $2.4b $1.7b
Depreciation — — — — — — $846.0m $643.0m $635.0m $544.0m
– depreciation, amortisation and impairment costs $607.0m $902.0m $1.0b $1.5b $1.4b $1.1b $1.3b $28.6b $3.1b $2.5b
Deferred Tax — — — — — — $2.5b ($2.9b) $357.0m $2.1b
Adjustments For Income Tax Expense $128.0m $454.0m — — — — — — — —
Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method $22.0m $160.0m $167.0m $339.0m $184.0m $141.0m $128.0m $405.0m $299.0m $848.0m
Additional Financial Items
Adjustments For Current Tax Of Prior Period $13.0m $2.0m ($11.0m) ($60.0m) $18.0m ($43.0m) $41.0m ($13.0m) $117.0m ($294.0m)
Beginning Cash Position — — — — — — $2.5b $3.3b $4.5b $5.1b
Capital element of lease liabilities — ($7.0m) ($10.0m) ($154.0m) ($164.0m) ($154.0m) ($161.0m) ($162.0m) ($165.0m) ($177.0m)
Change In Inventory — — — — — — ($246.0m) $265.0m $35.0m $112.0m
Change In Payable — — — — — — ($142.0m) $353.0m ($236.0m) ($286.0m)
Change In Receivables — — — — — — ($42.0m) ($487.0m) ($269.0m) ($295.0m)
Change In Working Capital — — — — — — $103.0m ($469.0m) $5.8b ($3.9b)
Changes In Cash — — — — — — $811.0m $1.1b $868.0m ($1.0b)
Coupon paid on perpetual hybrid bonds — — — — $0 ($6.0m) ($60.0m) ($59.0m) ($56.0m) ($54.0m)
Differences on exchange $180.0m ($391.0m) ($138.0m) ($57.0m) ($253.0m) ($253.0m) $431.0m ($292.0m) ($281.0m) ($76.0m)
Disposal of subsidiary, net of cash disposed of — — $17.0m $0 $0 ($98.0m) $0 $159.0m $0 $4.0m
End Cash Position — — — — — — $3.3b $4.5b $5.1b $3.8b
Financing Cash Flow — — — — — — ($8.9b) ($9.3b) ($10.6b) ($8.8b)
Free Cash Flow — — — — — — $9.7b $10.1b $9.5b $5.6b
Gain Loss On Investment Securities — — — — — — ($475.0m) $595.0m $109.0m $525.0m
Goodwill $11.0b $44.1b $46.2b $44.3b $43.3b $43.2b $48.0b $41.1b $41.1b $38.9b
Interest Received CFI — — — — — — $85.0m $145.0m $187.0m $201.0m
Interest element of lease liabilities — ($1.0m) ($2.0m) ($32.0m) ($26.0m) ($23.0m) ($25.0m) ($30.0m) ($37.0m) ($40.0m)
Interest received $62.0m $83.0m $52.0m $80.0m $48.0m $33.0m $85.0m $145.0m $187.0m $201.0m
Investing Cash Flow — — — — — — ($705.0m) ($296.0m) $1.4b $1.4b
Investments in relation to non-controlling interests ($70.0m) ($1.0m) ($11.0m) — — — — $0 $0 ($19.0m)
Net Business Purchase And Sale — — — — — — ($39.0m) $122.0m $1.5b $1.0b
Net Foreign Currency Exchange Gain Loss — — — — — — $524.0m ($449.0m) ($9.0m) ($373.0m)
Net Intangibles Purchase And Sale — — — — — — ($130.0m) ($114.0m) ($83.0m) ($122.0m)
Net PPE Purchase And Sale — — — — — — ($492.0m) ($406.0m) ($341.0m) ($514.0m)
Net finance costs — — — $1.6b $1.7b $1.5b $1.6b $1.9b $1.1b $1.8b
Other ($7.0m) $6.0m $4.0m $3.0m $2.0m $3.0m $6.0m $4.0m $5.0m $1.0m
Other Cash Adjustment Outside Changein Cash — — — — — — ($368.0m) $368.0m — ($208.0m)
Other Non Cash Items — — — — — — $2.2b $2.2b $958.0m $1.9b
Outflows relating to derivative financial instruments — — — — — — ($117.0m) ($480.0m) ($128.0m) ($380.0m)
Payments To Acquire Or Redeem Entitys Shares — — — — $18.0m $82.0m $2.0b $0 $698.0m $1.1b
Proceeds From Borrowings Classified As Financing Activities $3.5b $40.9b $2.1b $4.2b $9.8b $978.0m $3.3b $5.1b $2.4b $3.8b
Proceeds from disposal of shares in associate, net of tax — — — — — — $0 $0 $1.6b $1.1b
Proceeds from increases in and new borrowings $3.5b $40.9b $2.1b $4.2b $9.8b $978.0m $3.3b $5.1b $2.4b $3.8b
Proceeds from the issue of perpetual hybrid bonds, net of issuance costs — — — $0 $0 $1.7b $0 $0 $0 $1.1b
Proceeds on disposals of intangibles — — — — $0 $0 $3.0m $27.0m $39.0m $31.0m
Proceeds on disposals of investments $22.0m $160.0m $167.0m $339.0m $184.0m $141.0m $128.0m $405.0m $299.0m $848.0m
Profit from operations $4.7b $6.5b $9.3b $9.0b $10.0b $10.2b $10.5b ($15.8b) $2.7b $10.0b
Profit/(loss) for the year — — — $5.8b $6.6b $7.0b $6.8b ($14.2b) $3.2b $7.8b
Purchase Of Business — — — — — — ($39.0m) ($37.0m) ($48.0m) ($29.0m)
Purchase Of Intangible Assets Classified As Investing Activities $88.0m $187.0m $185.0m $151.0m $244.0m $218.0m $133.0m $141.0m $122.0m $153.0m
Purchase Of Intangibles — — — — — — ($133.0m) ($141.0m) ($122.0m) ($153.0m)
Purchase Of PPE — $791.0m $758.0m $664.0m $511.0m $527.0m ($523.0m) ($460.0m) ($486.0m) ($551.0m)
Purchases of intangibles ($88.0m) ($187.0m) ($185.0m) ($151.0m) ($244.0m) ($218.0m) ($133.0m) ($141.0m) ($122.0m) ($153.0m)
Purchases of own shares - share buy-back programme — — ($139.0m) ($117.0m) ($18.0m) ($82.0m) ($2.0b) $0 ($698.0m) ($1.1b)
Purchases of own shares held in employee share ownership trusts ($64.0m) ($205.0m) ($139.0m) ($117.0m) ($18.0m) ($82.0m) ($80.0m) ($110.0m) ($94.0m) ($61.0m)
Redemption of perpetual hybrid bonds, net of costs — — — $0 $0 ($6.0m) — $0 $0 ($883.0m)
Reductions in and repayments of borrowings ($3.8b) ($20.8b) ($5.6b) ($5.6b) ($10.6b) ($4.8b) ($3.0b) ($6.8b) ($4.8b) ($3.9b)
Repayments Of Borrowings Classified As Financing Activities $3.8b $20.8b $5.6b $5.6b $10.6b $4.8b $3.0b $6.8b $4.8b $3.9b
Repurchase Of Capital Stock — — — — — — ($2.1b) ($110.0m) ($792.0m) ($1.2b)
Sale Of Business — — — — — — $0 $159.0m $1.6b $1.1b
Sale Of Intangibles — — — — — — $3.0m $27.0m $39.0m $31.0m
Sale Of PPE — — — — — — $31.0m $54.0m $145.0m $37.0m
Share of post-tax results of associates and joint ventures — — — ($498.0m) ($455.0m) ($415.0m) ($442.0m) ($585.0m) ($1.9b) ($1.7b)
Taxation on ordinary activities — — — $2.1b $2.1b $2.2b $2.5b ($2.9b) $357.0m $2.1b
Transferred from/(to) held-for-sale — — — — $0 $0 ($368.0m) $368.0m $0 ($208.0m)
– (decrease)/increase in other provisions for liabilities $141.0m ($78.0m) ($107.0m) $382.0m — ($145.0m) $643.0m ($489.0m) $6.3b ($3.4b)
– (decrease)/increase in trade and other payables $428.0m ($749.0m) $123.0m $730.0m ($320.0m) $183.0m $3.0m $640.0m $58.0m ($207.0m)
– decrease in Master Settlement Agreement payable — — — — — ($36.0m) ($145.0m) ($287.0m) ($294.0m) ($79.0m)
– decrease in inventories ($638.0m) $1.4b ($192.0m) ($371.0m) ($144.0m) $433.0m ($246.0m) $265.0m $35.0m $112.0m
– decrease in net retirement benefit liabilities ($145.0m) ($131.0m) ($100.0m) ($40.0m) ($96.0m) ($104.0m) ($110.0m) ($111.0m) ($76.0m) ($31.0m)
– increase in trade and other receivables $87.0m ($732.0m) $502.0m ($699.0m) $300.0m ($393.0m) ($42.0m) ($487.0m) ($269.0m) ($295.0m)
– other non-cash items — $86.0m $31.0m $106.0m $46.0m $430.0m $606.0m $436.0m ($40.0m) $264.0m
Profit or Loss $4.8b $37.7b $6.2b $5.8b $6.6b $7.0b $6.8b ($14.2b) $3.2b $7.8b
Net cash flows (used in)/generated from operating, investing and financing activities ($259.0m) $1.6b ($356.0m) ($236.0m) $1.1b ($172.0m) $811.0m $1.1b $868.0m ($1.0b)
Capital Expenditure — — — — — — ($656.0m) ($601.0m) ($608.0m) ($704.0m)
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $93.0m $95.0m $38.0m $34.0m $44.0m $31.0m $31.0m $54.0m $145.0m $37.0m
Purchases of property, plant and equipment ($586.0m) ($791.0m) ($758.0m) ($664.0m) ($511.0m) ($527.0m) ($523.0m) ($460.0m) ($486.0m) ($551.0m)
Investment in associates and acquisitions of other subsidiaries net of cash acquired ($57.0m) ($77.0m) ($32.0m) ($86.0m) $39.0m ($133.0m) ($39.0m) ($37.0m) ($48.0m) ($29.0m)
Net Investment Purchase And Sale — — — — — — ($129.0m) ($43.0m) $83.0m $794.0m
Purchase Of Investment — — — — — — ($257.0m) ($448.0m) ($216.0m) ($54.0m)
Purchases of investments ($109.0m) ($170.0m) ($320.0m) ($191.0m) ($343.0m) ($369.0m) ($257.0m) ($448.0m) ($216.0m) ($54.0m)
Sale Of Investment — — — — — — $128.0m $405.0m $299.0m $848.0m
Net cash generated from/(used in) investing activities ($640.0m) ($18.5b) ($1.0b) ($639.0m) ($783.0m) ($1.1b) ($705.0m) ($296.0m) $1.4b $1.4b
Cash flows from financing activities
Issuance Of Debt — — — — — — $3.3b $5.1b $2.4b $3.8b
Long Term Debt Issuance — — — — — — $3.3b $5.1b $2.4b $3.8b
Net Issuance Payments Of Debt — — — — — — $223.0m ($1.6b) ($2.4b) ($118.0m)
Net Long Term Debt Issuance — — — — — — $223.0m ($1.6b) ($2.4b) ($118.0m)
Long Term Debt Payments — — — — — — ($3.0b) ($6.8b) ($4.8b) ($3.9b)
Repayment Of Debt — — — — — — ($3.0b) ($6.8b) ($4.8b) ($3.9b)
Net Common Stock Issuance — — — — — — ($2.1b) ($110.0m) ($792.0m) ($1.2b)
Common Stock Payments — — — — — — ($2.1b) ($110.0m) ($792.0m) ($1.2b)
Cash Dividends Paid — — — — — — ($4.9b) ($5.1b) ($5.2b) ($5.2b)
Common Stock Dividend Paid — — — — — — ($4.9b) ($5.1b) ($5.2b) ($5.2b)
Dividend Received CFO — — — — — — $394.0m $506.0m $406.0m $369.0m
Dividends Paid Classified As Financing Activities ($641.0m) ($1.1b) ($1.6b) ($1.6b) $4.9b $5.0b ($1.6b) ($1.7b) ($1.7b) ($1.6b)
Dividends Paid Ordinary Shares Per Share $155.90 $218.20 $190.00 — — — — — — —
Dividends Received CFI — — — — — — — $0 $0 $1.0m
Dividends paid to owners of the parent ($3k) ($3k) ($4k) ($5k) ($5k) ($5k) ($5k) ($5k) ($5k) ($5k)
Dividends received — — — — — — — $0 $0 $1.0m
Dividends received from associates $962 $903 $214 $252 $351 $353 $394 $506 $406 $369
Net Other Financing Charges — — — — — — ($112.0m) ($476.0m) ($123.0m) ($231.0m)
Effect Of Exchange Rate Changes — — — — — — $431.0m ($292.0m) ($281.0m) ($76.0m)
(Decrease)/increase in net cash and cash equivalents in the year ($79.0m) $1.2b ($494.0m) ($293.0m) $853.0m ($425.0m) $874.0m $1.2b $587.0m ($1.3b)
Net cash and cash equivalents at 1 January $1.7b $2.8b $2.3b $2.0b $2.9b $2.5b $3.3b $4.5b $5.1b $3.8b
Change In Cash Supplemental As Reported — — — — — — $811.0m $1.1b $868.0m ($1.0b)
Interest Paid Classified As Financing Activities $641.0m $1.1b $1.6b $1.6b $1.7b $1.5b $1.6b $1.7b $1.7b $1.6b
Income Taxes Paid Refund Classified As Operating Activities ($1.2b) ($1.7b) ($1.9b) $86.0m ($2.1b) ($2.3b) ($2.5b) ($2.6b) ($1.9b) ($2.9b)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.