Austal Limited (ASX:ASB) Annual Report 2020



The latest annual report of Austal Limited (ASB) was published on 30 Jun 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 - ASB Annual Results

Amounts in AUD

Total Revenue
2.09B
Gross Profit
239.29M
EBIT
120.62M
Net Tangible Assets
726.55M
Net Income
88.98M
Capital Expenditures
-16.7M

ASB Income Statement 2020 Annual Report

As per the latest Income Statement of ASB, the Net revenue increased by $234.98M (13%) compared to the previous period. The operating income in 2020 increased by $41.13M (52%). The net income as per the annual report was 88.98M which increased by $27.59M (45%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue2.09B1.85B
Gross Profit239.29M189.91M
Operating Income120.62M79.49M
Income Before Tax123.51M85.56M
Net Income88.98M61.38M

Balance Sheet - ASB 2020 Annual Report

Read further: ASB Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Austal Limited showed the company increased the cash on balance sheet by $121.00M (44%). The Net tangible assets of ASB on the balance sheet were at 726.55M which is $116.51M (19%) more than previous annual report. The total stockholder equity also increased by $117.96M (19%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash396.67M275.67M
Total Assets1.37B 1.33B
Long Term Debt156.46M122.29M
Total Liabilities619.37M 696.52M
Total Shareholder Equity748.74M630.78M
Net Tangible Assets726.55M610.04M

Cash Flow Statement - ASB 2020 Annual Report

The 2020 annual cash flow statement of Austal Limited showed that the net income increased by $27.59M (45%) compared to previous reporting period. Also the capital expenditure of ASB increased by $24.84M (60%).

As of 2020, the total cash from investing activities was -18.18M and total cash from financing activities was -27.24M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income88.98M61.38M
Capital Expenditures-16.7M-41.54M
Dividends Paid-20.59M-19.21M
Total Cash From From Investing Activities-18.18M-37.75M
Total Cash From From Financing Activities-27.24M-21.31M

Austal Limited Annual Report History

Income Statement

Income Statement history of Austal Limited (ASX:ASB)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue2.09B1.85B1.39B1.31B
Cost Of Revenue1.85B1.66B1.26B1.19B
Gross Profit239.29M189.91M130.28M117.16M
Research Development----
Selling General Administrative118.67M110.41M79.92M72.34M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses1.97B1.77B1.34B1.27B
Operating Income120.62M79.49M50.36M44.82M
Total Other Income Expense Net2.89M6.07M4.9M-4.95M
Ebit120.62M79.49M50.36M44.82M
Interest Expense-8.27M-8.28M-8.53M-7.2M
Income Before Tax123.51M85.56M55.26M39.87M
Income Tax Expense34.53M24.18M17.73M24.52M
Minority Interest----
Net Income From Continuing Ops88.98M61.38M37.53M15.35M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income88.98M61.38M37.53M15.35M
Net Income Applicable To Common Shares88.98M61.38M37.53M15.35M

Balance Sheet Statement

Balance Sheet Statement history of Austal Limited (ASX:ASB)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash396.67M275.67M162.02M150.47M
Net Receivables144.22M226.97M101.87M91.85M
Inventory143.8M167.04M241.9M170.42M
Other Current Assets1.22M1.93M1.61M3.58M
Total Current Assets697.35M681.09M514.96M422.4M
Long Term Investments1.73M1.73M1.8M1.85M
Property Plant Equipment619.93M588.38M565.78M500.3M
Good Will12.9M12.8M12.54M6.46M
Intangible Assets9.29M7.95M8.27M2.45M
Other Assets26.91M35.36M40.83M26.54M
Deferred Long Term Asset Charges4.76M8.4M7.84M5.63M
Total Assets1.37B1.33B1.14B960M
Accounts Payable156.91M202.31M178.14M141.47M
Short Long Term Debt8.72M48.8M70.06M7.34M
Other Current Liab123.08M161.74M86.71M45.7M
Long Term Debt156.46M122.29M109.69M181.16M
Other Liab105.72M99.31M97.16M77.69M
Total Current Liabilities349.73M474.66M388.92M238.91M
Total Liab619.37M696.52M598.61M503.09M
Common Stock136.7M131.84M130.16M128.28M
Retained Earnings378.28M310.69M270.53M248.89M
Treasury Stock233.77M188.25M144.88M79.75M
Other Stockholder Equity235.12M189.52M156.72M91.64M
Total Stockholder Equity748.74M630.78M545.58M456.91M
Net Tangible Assets726.55M610.04M524.77M448M

Cash Flow Statement

Cash Flow Statement history of Austal Limited (ASX:ASB)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income88.98M61.38M37.53M15.35M
Depreciation43.22M40.22M35.76M30.38M
Change To Netincome-16.42M-3.16M-5.09M-6.28M
Change To Account Receivables86.01M-115.18M-4.27M24.59M
Change To Liabilities-81.94M78.78M65.08M-93.81M
Change To Inventory28.7M75.6M-74.56M-61.45M
Change To Operating Activities-8.28M12.09M6.68M11.87M
Total Cash From Operating Activities164.47M164.52M65.68M-37.89M
Capital Expenditures-16.7M-41.54M-22.93M-51.97M
Total Cashflows From Investing Activities-18.18M-37.75M-33.91M-53.51M
Dividends Paid-20.59M-19.21M-12.79M-12.26M
Net Borrowings-6.01M-10.74M-9.23M24.62M
Other Cashflows From Financing Activities-642k7.67M7.67M7.67M
Total Cash From Financing Activities-27.24M-21.31M-22.02M12.36M
Effect Of Exchange Rate1.94M8.19M1.8M5.19M
Change In Cash121M113.64M11.55M-73.85M