BAE Systems PLC
F:BSP
Income Statement
Earnings Waterfall
BAE Systems PLC
Income Statement
BAE Systems PLC
| Dec-2000 | Jun-2001 | Dec-2001 | Jun-2002 | Dec-2002 | Jun-2003 | Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
220
|
0
|
241
|
0
|
245
|
0
|
226
|
0
|
1 428
|
0
|
325
|
0
|
241
|
0
|
260
|
0
|
228
|
0
|
203
|
0
|
217
|
0
|
187
|
0
|
197
|
0
|
177
|
0
|
175
|
0
|
208
|
0
|
202
|
0
|
204
|
0
|
235
|
0
|
240
|
0
|
249
|
0
|
269
|
0
|
339
|
264
|
555
|
553
|
|
| Revenue |
9 646
N/A
|
9 545
-1%
|
9 041
-5%
|
8 455
-6%
|
8 076
-4%
|
8 102
+0%
|
8 387
+4%
|
8 453
+1%
|
8 817
+4%
|
9 524
+8%
|
11 019
+16%
|
12 146
+10%
|
12 333
+2%
|
12 919
+5%
|
14 309
+11%
|
15 057
+5%
|
16 671
+11%
|
18 669
+12%
|
20 374
+9%
|
21 385
+5%
|
20 980
-2%
|
19 557
-7%
|
17 770
-9%
|
16 927
-5%
|
16 691
-1%
|
16 845
+1%
|
16 864
+0%
|
16 034
-5%
|
15 430
-4%
|
16 309
+6%
|
16 787
+3%
|
17 064
+2%
|
17 790
+4%
|
18 427
+4%
|
17 224
-7%
|
16 470
-4%
|
16 821
+2%
|
17 334
+3%
|
18 305
+6%
|
18 811
+3%
|
19 277
+2%
|
19 436
+1%
|
19 521
+0%
|
19 921
+2%
|
21 258
+7%
|
22 516
+6%
|
23 078
+2%
|
24 558
+6%
|
26 312
+7%
|
27 406
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
(2 698)
|
0
|
(2 218)
|
0
|
(2 470)
|
0
|
(2 793)
|
0
|
(4 158)
|
0
|
(4 322)
|
0
|
(5 570)
|
0
|
(6 414)
|
0
|
(8 792)
|
0
|
(9 457)
|
0
|
(7 145)
|
0
|
(6 211)
|
0
|
(6 480)
|
0
|
(6 122)
|
0
|
(7 057)
|
0
|
(7 157)
|
0
|
(6 015)
|
0
|
(5 849)
|
0
|
(6 417)
|
0
|
(6 757)
|
0
|
(6 944)
|
0
|
(7 064)
|
0
|
(7 845)
|
0
|
(9 054)
|
0
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
6 343
N/A
|
0
N/A
|
5 858
N/A
|
0
N/A
|
5 917
N/A
|
0
N/A
|
6 024
N/A
|
0
N/A
|
6 861
N/A
|
0
N/A
|
8 011
N/A
|
0
N/A
|
8 739
N/A
|
0
N/A
|
10 257
N/A
|
0
N/A
|
11 582
N/A
|
0
N/A
|
11 523
N/A
|
0
N/A
|
10 625
N/A
|
0
N/A
|
10 480
N/A
|
0
N/A
|
10 384
N/A
|
0
N/A
|
9 308
N/A
|
0
N/A
|
9 730
N/A
|
0
N/A
|
10 633
N/A
|
0
N/A
|
11 209
N/A
|
0
N/A
|
10 972
N/A
|
0
N/A
|
11 888
N/A
|
0
N/A
|
12 520
N/A
|
0
N/A
|
12 577
N/A
|
0
N/A
|
14 194
N/A
|
0
N/A
|
15 233
N/A
|
0
N/A
|
17 258
N/A
|
0
N/A
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(9 212)
|
(9 281)
|
(5 882)
|
(8 066)
|
(5 663)
|
(7 894)
|
(5 765)
|
(8 074)
|
(5 462)
|
(8 840)
|
(5 969)
|
(11 259)
|
(6 981)
|
(11 850)
|
(7 637)
|
(13 742)
|
(8 870)
|
(17 429)
|
(10 896)
|
(20 243)
|
(9 787)
|
(18 162)
|
(9 178)
|
(15 456)
|
(9 006)
|
(15 368)
|
(8 810)
|
(15 370)
|
(7 940)
|
(15 095)
|
(8 271)
|
(15 578)
|
(8 987)
|
(16 665)
|
(9 508)
|
(15 280)
|
(9 342)
|
(15 787)
|
(10 119)
|
(17 115)
|
(10 735)
|
(17 109)
|
(10 684)
|
(17 957)
|
(12 078)
|
(20 127)
|
(12 915)
|
(22 148)
|
(14 806)
|
(24 926)
|
|
| Selling, General & Administrative |
0
|
0
|
(2 878)
|
0
|
(2 867)
|
0
|
(3 068)
|
0
|
(3 040)
|
0
|
(3 637)
|
0
|
(3 953)
|
0
|
(4 036)
|
0
|
(4 806)
|
0
|
(5 797)
|
0
|
(5 784)
|
0
|
(5 534)
|
0
|
(5 489)
|
0
|
(5 239)
|
0
|
(5 069)
|
0
|
(5 309)
|
0
|
(5 724)
|
0
|
(6 125)
|
0
|
(6 163)
|
0
|
(6 417)
|
0
|
(6 687)
|
0
|
(6 667)
|
0
|
(7 495)
|
0
|
(8 091)
|
0
|
(9 252)
|
0
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 449)
|
0
|
(162)
|
0
|
(176)
|
0
|
(211)
|
0
|
(278)
|
0
|
(270)
|
0
|
(222)
|
0
|
(150)
|
0
|
(171)
|
0
|
(137)
|
0
|
(168)
|
0
|
(206)
|
0
|
(238)
|
0
|
(212)
|
0
|
(224)
|
0
|
(228)
|
0
|
(251)
|
0
|
(276)
|
0
|
(274)
|
0
|
(357)
|
0
|
|
| Depreciation & Amortization |
(373)
|
(436)
|
(636)
|
(528)
|
(614)
|
(610)
|
(625)
|
(246)
|
(261)
|
(30)
|
(322)
|
(111)
|
(331)
|
(102)
|
(610)
|
(201)
|
(634)
|
0
|
(1 600)
|
0
|
(851)
|
0
|
(695)
|
0
|
(545)
|
0
|
(493)
|
0
|
(427)
|
0
|
(347)
|
0
|
(334)
|
0
|
(342)
|
0
|
(347)
|
0
|
(604)
|
0
|
(661)
|
0
|
(698)
|
0
|
(759)
|
0
|
(776)
|
0
|
(1 085)
|
0
|
|
| Other Operating Expenses |
(8 839)
|
(8 845)
|
(2 368)
|
(7 538)
|
(2 182)
|
(7 284)
|
(2 072)
|
(7 828)
|
(2 161)
|
(8 810)
|
(561)
|
(11 148)
|
(2 535)
|
(11 748)
|
(2 815)
|
(13 541)
|
(3 219)
|
(17 429)
|
(3 221)
|
(20 243)
|
(2 882)
|
(18 162)
|
(2 727)
|
(15 456)
|
(2 822)
|
(15 368)
|
(2 907)
|
(15 370)
|
(2 307)
|
(15 095)
|
(2 447)
|
(15 578)
|
(2 723)
|
(16 665)
|
(2 803)
|
(15 280)
|
(2 620)
|
(15 787)
|
(2 874)
|
(17 115)
|
(3 159)
|
(17 109)
|
(3 068)
|
(17 957)
|
(3 548)
|
(20 127)
|
(3 774)
|
(22 148)
|
(4 112)
|
(24 926)
|
|
| Operating Income |
434
N/A
|
264
-39%
|
461
+75%
|
389
-16%
|
195
-50%
|
208
+7%
|
152
-27%
|
379
+149%
|
562
+48%
|
684
+22%
|
892
+30%
|
887
-1%
|
1 030
+16%
|
1 069
+4%
|
1 102
+3%
|
1 315
+19%
|
1 387
+5%
|
1 240
-11%
|
686
-45%
|
1 142
+66%
|
1 736
+52%
|
1 395
-20%
|
1 447
+4%
|
1 471
+2%
|
1 474
+0%
|
1 477
+0%
|
1 574
+7%
|
664
-58%
|
1 368
+106%
|
1 214
-11%
|
1 459
+20%
|
1 486
+2%
|
1 646
+11%
|
1 762
+7%
|
1 701
-3%
|
1 190
-30%
|
1 630
+37%
|
1 547
-5%
|
1 769
+14%
|
1 696
-4%
|
1 785
+5%
|
2 327
+30%
|
1 893
-19%
|
1 964
+4%
|
2 116
+8%
|
2 389
+13%
|
2 318
-3%
|
2 410
+4%
|
2 452
+2%
|
2 480
+1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
52
|
177
|
127
|
43
|
(14)
|
(48)
|
90
|
187
|
152
|
251
|
(130)
|
(110)
|
(131)
|
103
|
157
|
202
|
814
|
130
|
(326)
|
(58)
|
49
|
(76)
|
54
|
(121)
|
(51)
|
(319)
|
(44)
|
(230)
|
(128)
|
(365)
|
(35)
|
(376)
|
(275)
|
(405)
|
(17)
|
(280)
|
(97)
|
(118)
|
43
|
(157)
|
(176)
|
(269)
|
117
|
(226)
|
(176)
|
7
|
(52)
|
(113)
|
(129)
|
(100)
|
|
| Non-Reccuring Items |
(307)
|
(305)
|
(518)
|
(492)
|
(827)
|
(791)
|
(9)
|
(22)
|
(109)
|
(81)
|
(205)
|
(45)
|
(89)
|
(34)
|
(111)
|
(148)
|
150
|
173
|
68
|
0
|
(266)
|
0
|
(19)
|
0
|
29
|
0
|
(891)
|
0
|
(159)
|
0
|
(109)
|
0
|
(4)
|
0
|
(398)
|
0
|
(171)
|
0
|
(40)
|
0
|
67
|
0
|
166
|
0
|
82
|
0
|
42
|
0
|
8
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
30
|
30
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
(5)
|
0
|
(1)
|
0
|
(10)
|
0
|
(52)
|
20
|
(119)
|
0
|
(84)
|
49
|
0
|
87
|
0
|
20
|
0
|
(162)
|
0
|
(110)
|
0
|
(16)
|
0
|
(250)
|
0
|
(217)
|
0
|
(199)
|
0
|
(225)
|
0
|
(216)
|
0
|
(213)
|
0
|
(138)
|
0
|
(146)
|
0
|
(80)
|
0
|
(66)
|
0
|
(33)
|
12
|
18
|
(6)
|
1
|
(22)
|
|
| Pre-Tax Income |
179
N/A
|
131
-27%
|
70
-47%
|
(61)
N/A
|
(616)
-910%
|
(611)
+1%
|
233
N/A
|
492
+111%
|
625
+27%
|
735
+18%
|
557
-24%
|
648
+16%
|
859
+33%
|
1 138
+32%
|
1 235
+9%
|
1 369
+11%
|
2 371
+73%
|
1 543
-35%
|
266
-83%
|
1 084
+308%
|
1 409
+30%
|
1 319
-6%
|
1 466
+11%
|
1 350
-8%
|
1 202
-11%
|
1 158
-4%
|
422
-64%
|
434
+3%
|
882
+103%
|
849
-4%
|
1 090
+28%
|
1 110
+2%
|
1 151
+4%
|
1 357
+18%
|
1 073
-21%
|
910
-15%
|
1 224
+35%
|
1 429
+17%
|
1 626
+14%
|
1 539
-5%
|
1 596
+4%
|
2 058
+29%
|
2 110
+3%
|
1 738
-18%
|
1 989
+14%
|
2 408
+21%
|
2 326
-3%
|
2 291
-2%
|
2 332
+2%
|
2 358
+1%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(198)
|
(207)
|
(198)
|
(159)
|
(70)
|
(58)
|
(225)
|
(201)
|
(168)
|
(171)
|
(113)
|
(116)
|
(213)
|
(284)
|
(335)
|
(371)
|
(603)
|
(437)
|
(327)
|
(530)
|
(418)
|
(380)
|
(206)
|
(167)
|
(243)
|
(207)
|
(246)
|
(237)
|
(130)
|
(133)
|
(147)
|
(147)
|
(213)
|
(264)
|
(274)
|
(199)
|
(196)
|
(69)
|
(94)
|
(265)
|
(225)
|
(144)
|
(198)
|
(281)
|
(315)
|
(376)
|
(386)
|
(368)
|
(291)
|
(294)
|
|
| Income from Continuing Operations |
(19)
|
(76)
|
(128)
|
(220)
|
(686)
|
(669)
|
8
|
291
|
457
|
564
|
444
|
532
|
646
|
854
|
900
|
998
|
1 768
|
1 106
|
(61)
|
554
|
991
|
939
|
1 260
|
1 183
|
959
|
951
|
176
|
197
|
752
|
716
|
943
|
963
|
938
|
1 093
|
799
|
711
|
1 028
|
1 360
|
1 532
|
1 274
|
1 371
|
1 914
|
1 912
|
1 457
|
1 674
|
2 032
|
1 940
|
1 923
|
2 041
|
2 064
|
|
| Income to Minority Interest |
(6)
|
(7)
|
(6)
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(21)
|
(31)
|
(23)
|
(22)
|
(22)
|
(17)
|
(29)
|
(28)
|
(16)
|
(18)
|
(11)
|
(7)
|
(8)
|
(9)
|
(12)
|
(15)
|
(25)
|
(27)
|
(25)
|
(19)
|
(30)
|
(40)
|
(33)
|
(41)
|
(56)
|
(61)
|
(72)
|
(147)
|
(154)
|
(84)
|
(83)
|
(91)
|
(83)
|
(83)
|
(85)
|
(87)
|
|
| Net Income (Common) |
(46)
N/A
|
(103)
-124%
|
(155)
-50%
|
(241)
-55%
|
(707)
-193%
|
(691)
+2%
|
(15)
+98%
|
111
N/A
|
2
-98%
|
250
+12 400%
|
553
+121%
|
641
+16%
|
1 636
+155%
|
1 746
+7%
|
901
-48%
|
972
+8%
|
1 745
+80%
|
1 077
-38%
|
(67)
N/A
|
633
N/A
|
1 052
+66%
|
912
-13%
|
1 240
+36%
|
1 181
-5%
|
948
-20%
|
940
-1%
|
168
-82%
|
186
+11%
|
740
+298%
|
701
-5%
|
918
+31%
|
936
+2%
|
913
-2%
|
1 074
+18%
|
827
-23%
|
729
-12%
|
1 000
+37%
|
1 324
+32%
|
1 476
+11%
|
1 213
-18%
|
1 299
+7%
|
1 767
+36%
|
1 758
-1%
|
1 373
-22%
|
1 591
+16%
|
1 941
+22%
|
1 857
-4%
|
1 840
-1%
|
1 956
+6%
|
1 977
+1%
|
|
| EPS (Diluted) |
-0.02
N/A
|
-0.04
-100%
|
-0.05
-25%
|
-0.08
-60%
|
-0.23
-188%
|
-0.23
N/A
|
0
N/A
|
0.03
N/A
|
0
N/A
|
0.07
N/A
|
0.16
+129%
|
0.18
+12%
|
0.48
+167%
|
0.51
+6%
|
0.25
-51%
|
0.28
+12%
|
0.49
+75%
|
0.31
-37%
|
-0.02
N/A
|
0.18
N/A
|
0.3
+67%
|
0.26
-13%
|
0.37
+42%
|
0.35
-5%
|
0.29
-17%
|
0.29
N/A
|
0.05
-83%
|
0.06
+20%
|
0.23
+283%
|
0.22
-4%
|
0.29
+32%
|
0.3
+3%
|
0.29
-3%
|
0.34
+17%
|
0.24
-29%
|
0.21
-13%
|
0.31
+48%
|
0.41
+32%
|
0.46
+12%
|
0.38
-17%
|
0.4
+5%
|
0.55
+38%
|
0.55
N/A
|
0.43
-22%
|
0.5
+16%
|
0.62
+24%
|
0.6
-3%
|
0.6
N/A
|
0.64
+7%
|
0.65
+2%
|
|