British American Tobacco p.l.c. (BTAFF) cash flow statement

BTAFFOTCCigarettesAlso trades as BTI

Financials through fiscal 2025, year ended Dec 31, 2025Score 6/30

$57.90−0.48 (-0.82%)

Close on Oct 19, 2026Market cap $133.90BP/E 12.4Yield 5.66%

British American Tobacco p.l.c. cash flow statement

AnnualQuarterlyTTM

GBP USD

Millions of GBP, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Change in Inventory	112	35	265	-246	433	-144	-371	-192	1,409	-638	-520	–	–
Operating Cash Flow	6,342	10,125	10,714	10,394	9,717	9,786	8,996	10,295	5,347	4,610	4,720	–	–
Capital Expenditures	-551	-486	-460	-523	-527	-511	-664	-758	-791	-586	-483	–	–
Acquisitions	–	–	–	–	–	39	-86	-32	-17,657	–	–	–	–
Sale of Property, Plant & Equipment	37	145	54	31	31	44	34	38	95	93	108	–	–
Investing Cash Flow	1,387	1,375	-296	-705	-1,140	-783	-639	-1,021	-18,544	-640	-3,991	–	–
Dividends Paid	–	–	–	–	-5,003	-4,946	–	–	–	–	–	-114	-375
Share Repurchases	-1,112	-698	0	-2,012	0	0	-117	-139	–	–	–	–	–
Debt Issued	3,814	2,404	5,134	3,267	978	9,826	4,247	2,111	40,937	3,476	6,931	–	–
Debt Repaid	-3,932	-4,826	-6,769	-3,044	-4,843	-10,633	-5,640	-5,586	-20,827	-3,840	-2,028	–	–
Financing Cash Flow	-8,762	-10,632	-9,314	-8,878	-8,749	-7,897	-8,593	-9,630	14,759	-4,229	-219	–	–
Foreign Exchange Rate Adjustments	-76	-281	-292	431	-253	-253	-57	-138	-391	180	-272	–	–
Net Change in Cash	-1,317	587	1,180	874	-425	853	-293	-494	1,171	-79	238	–	–
Free Cash Flow	5,791	9,639	10,254	9,871	9,190	9,275	8,332	9,537	4,556	4,024	4,237	–	–
Income Taxes Paid	–	–	–	–	–	–	86	1,891	-1,675	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: –
Operating margin: 39.0%
Net margin: 30.3%
Return on equity, FY2025: 16.5%

Financial strength

Current ratio: 0.84
Debt to equity: 0.75
Debt to assets: 32.3%
Cash to current liabilities: 17.6%

Valuation

P/E ratio: 12.4
Price to sales: 3.91
Price to book: 2.15
Dividend yield: 5.66%