Appen Limited (ASX:APX) Annual Report 2020



The latest annual report of Appen Limited (APX) was published on 31 Dec 2020. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - APX Annual Results

Amounts in AUD

Total Revenue
599.53M
Gross Profit
148.07M
EBIT
60.84M
Net Tangible Assets
126.48M
Net Income
50.51M
Capital Expenditures
-2.43M

APX Income Statement 2020 Annual Report

As per the latest Income Statement of APX, the Net revenue increased by $64.03M (12%) compared to the previous period. The operating income in 2020 decreased by $-14.36M (-19%). The net income as per the annual report was 50.51M which increased by $8.90M (21%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue599.53M535.5M
Gross Profit148.07M149.38M
Operating Income60.84M75.2M
Income Before Tax63.53M55.05M
Net Income50.51M41.61M

Balance Sheet - APX 2020 Annual Report

Read further: APX Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Appen Limited showed the company increased the cash on balance sheet by $3.16M (4%). The Net tangible assets of APX on the balance sheet were at 126.48M which is $43.28M (52%) more than previous annual report. The total stockholder equity also increased by $4.09M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash78.44M75.27M
Total Assets600.37M 634.14M
Long Term Debt--
Total Liabilities114.49M 152.35M
Total Shareholder Equity485.87M481.78M
Net Tangible Assets126.48M83.21M

Cash Flow Statement - APX 2020 Annual Report

The 2020 annual cash flow statement of Appen Limited showed that the net income increased by $8.90M (21%) compared to previous reporting period. Also the capital expenditure of APX increased by $680000 (22%).

As of 2020, the total cash from investing activities was -67.44M and total cash from financing activities was -12.83M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income50.51M41.61M
Capital Expenditures-2.43M-3.11M
Dividends Paid-11.56M-9.1M
Total Cash From From Investing Activities-67.44M-256.04M
Total Cash From From Financing Activities-12.83M221.94M

Appen Limited Annual Report History

Income Statement

Income Statement history of Appen Limited (ASX:APX)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Total Revenue599.53M535.5M364.27M166.56M
Cost Of Revenue451.46M386.12M274.5M129.34M
Gross Profit148.07M149.38M89.77M37.22M
Research Development----
Selling General Administrative14.32M16.26M8.12M4.21M
Non Recurring----
Other Operating Expenses17.45M20.23M10.19M5.85M
Total Operating Expenses538.69M460.3M301.85M141.28M
Operating Income60.84M75.2M62.43M25.29M
Total Other Income Expense Net2.69M-20.14M-6.47M-4.91M
Ebit60.84M75.2M62.43M25.29M
Interest Expense-3.8M-7.49M-3.2M-13k
Income Before Tax63.53M55.05M55.95M20.38M
Income Tax Expense13.02M13.44M14.23M6.09M
Minority Interest----
Net Income From Continuing Ops50.51M41.61M41.73M14.28M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income50.51M41.61M41.73M14.28M
Net Income Applicable To Common Shares50.51M41.61M41.73M14.28M

Balance Sheet Statement

Balance Sheet Statement history of Appen Limited (ASX:APX)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Cash78.44M75.27M40.05M24.02M
Net Receivables117.28M124.22M71.41M42.91M
Other Current Assets1.92M314k-123k
Total Current Assets200.78M202.64M114.31M68.17M
Property Plant Equipment28.48M27.5M4.91M1.76M
Good Will262.8M288.77M81.06M71.61M
Intangible Assets96.59M109.8M38.09M44.64M
Other Assets11.72M5.42M1.62M1.87M
Deferred Long Term Asset Charges10.69M3.98M1.58M-
Total Assets600.37M634.14M239.99M188.05M
Accounts Payable28.28M24.97M20.71M9.24M
Other Current Liab38.78M92.65M18.19M14.62M
Other Liab17.96M5.51M3.93M1.84M
Total Current Liabilities77.83M128.8M40.33M24.91M
Total Liab114.49M152.35M100.59M94.64M
Common Stock362.14M362.14M69.6M69.57M
Retained Earnings124.39M85.43M52.93M18.63M
Treasury Stock-657k34.21M16.87M5.21M
Other Stockholder Equity-657k34.21M16.87M5.21M
Total Stockholder Equity485.87M481.78M139.4M93.41M
Net Tangible Assets126.48M83.21M20.26M-22.84M
Long Term Debt--56.33M67.88M

Cash Flow Statement

Cash Flow Statement history of Appen Limited (ASX:APX)

31 Dec 202031 Dec 201931 Dec 201831 Dec 2017
Net Income50.51M41.61M41.73M14.28M
Depreciation16.32M12.49M6.62M473k
Change To Netincome7.93M31.55M10.77M3.58M
Change To Account Receivables15.01M-48.51M-29.65M-9.17M
Change To Liabilities-10.93M4.04M13.12M-1.66M
Change To Operating Activities2.31M8.49M3.78M5.2M
Total Cash From Operating Activities93.57M67.3M46.8M13.38M
Capital Expenditures-2.43M-3.11M-2.83M-3.17M
Total Cashflows From Investing Activities-67.44M-256.04M-7.6M-97.59M
Dividends Paid-11.56M-9.1M-7.43M-5.86M
Net Borrowings-1.27M-61.49M-17.83M69.24M
Total Cash From Financing Activities-12.83M221.94M-25.23M92.81M
Effect Of Exchange Rate-10.14M2.02M2.06M-1.06M
Change In Cash3.16M35.23M16.03M7.54M