Techtronic Industries Company Limited (HKEX:0669) Annual Report 2021



The latest annual report of Techtronic Industries Company Limited (0669) was published on 31 Dec 2021. 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 - 0669 Annual Results

Amounts in USD

Total Revenue
13.2B
Gross Profit
5.12B
EBIT
1.18B
Net Tangible Assets
3.87B
Net Income
1.1B
Capital Expenditures
-746.54M

0669 Income Statement 2021 Annual Report

As per the latest Income Statement of 0669, the Net revenue increased by $3.39122B (35%) compared to the previous period. The operating income in 2021 increased by $321.71M (38%). The net income as per the annual report was 1.1B which increased by $298.24M (37%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue13.2B9.81B
Gross Profit5.12B3.75B
Operating Income1.18B857.09M
Income Before Tax1.18B861.25M
Net Income1.1B800.76M

Balance Sheet - 0669 2021 Annual Report

Read further: 0669 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Techtronic Industries Company Limited showed the company increased the cash on balance sheet by $340.52M (22%). The Net tangible assets of 0669 on the balance sheet were at 3.87B which is $812.93M (27%) more than previous annual report. The total stockholder equity also increased by $819.51M (21%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.87B1.53B
Total Assets13.01B 9.39B
Long Term Debt1.03B940.22M
Total Liabilities8.29B 5.49B
Total Shareholder Equity4.72B3.9B
Net Tangible Assets3.87B3.06B

Cash Flow Statement - 0669 2021 Annual Report

The 2021 annual cash flow statement of Techtronic Industries Company Limited showed that the net income increased by $298.24M (37%) compared to previous reporting period. Also the capital expenditure of 0669 decreased by $-287.61M (-63%).

As of 2021, the total cash from investing activities was -1.02B and total cash from financing activities was 1.47B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.1B800.76M
Capital Expenditures-746.54M-458.93M
Dividends Paid-394.12M-261.64M
Total Cash From From Investing Activities-1.02B-580.27M
Total Cash From From Financing Activities1.47B-498.09M

Techtronic Industries Company Limited Annual Report History

Income Statement

Income Statement history of Techtronic Industries Company Limited (HKEX:0669)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue13.2B9.81B7.67B7.02B
Cost Of Revenue8.08B6.06B4.77B4.41B
Gross Profit5.12B3.75B2.89B2.61B
Research Development425.7M316.61M229.8M202.56M
Selling General Administrative3.52B2.58B2B1.81B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses12.02B8.95B7B6.42B
Operating Income1.18B857.09M662.73M600.44M
Total Other Income Expense Net3.02M4.16M-1.45M-5.83M
Ebit1.18B857.09M662.73M600.44M
Interest Expense-42.01M-44.22M-52.32M-38.05M
Income Before Tax1.18B861.25M661.29M594.61M
Income Tax Expense82.72M60.26M46.29M42.07M
Minority Interest--98k-334k-430k
Net Income From Continuing Ops1.1B801M615M552.54M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.1B800.76M614.9M552.46M
Net Income Applicable To Common Shares1.1B800.76M614.9M552.46M

Balance Sheet Statement

Balance Sheet Statement history of Techtronic Industries Company Limited (HKEX:0669)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.87B1.53B1.41B1.1B
Short Term Investments151.44M139.68M169.08M126.84M
Net Receivables2.07B1.41B1.27B1.15B
Inventory4.85B3.22B2.11B1.77B
Other Current Assets103.25M18.61M40.41M47.79M
Total Current Assets9.06B6.34B5.02B4.23B
Long Term Investments6.99M8.56M9.04M9.03M
Property Plant Equipment2.41B1.72B1.33B790.94M
Good Will577.24M578.46M580.87M581.22M
Intangible Assets277.34M269.53M278.69M282.57M
Other Assets678.19M477.14M471.89M460.09M
Deferred Long Term Asset Charges97.44M74.5M74.95M83.94M
Total Assets13.01B9.39B7.7B6.35B
Accounts Payable2.08B1.78B1.18B1.13B
Short Long Term Debt2.18B403.49M666.11M180.23M
Other Current Liab2.22B1.81B1.23B990.12M
Long Term Debt1.03B940.22M754.63M540.21M
Other Liab138.7M164.76M156.91M134.6M
Deferred Long Term Liab572.45M394.14M388.02M338.23M
Total Current Liabilities6.68B4.08B3.22B2.62B
Total Liab8.29B5.49B4.3B3.29B
Common Stock683.39M673.14M662.38M654.99M
Retained Earnings4.15B3.44B2.92B2.56B
Treasury Stock-107.99M-212.37M-186.83M-156.4M
Other Stockholder Equity-107.99M-212.37M-186.83M-156.4M
Total Stockholder Equity4.72B3.9B3.39B3.06B
Net Tangible Assets3.87B3.06B2.54B2.19B

Cash Flow Statement

Cash Flow Statement history of Techtronic Industries Company Limited (HKEX:0669)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income1.1B800.76M614.9M552.46M
Depreciation309.16M253.23M223.11M138.44M
Change To Netincome151.38M131.3M39.12M29.78M
Change To Account Receivables-700.34M-116.78M-150.99M-30.6M
Change To Liabilities734.3M1.1B257.99M364.11M
Change To Inventory-1.73B-1.12B-383.72M-348.65M
Change To Operating Activities-79.52M-29.39M21.69M-15.21M
Total Cash From Operating Activities-100.94M1.16B724.27M793.64M
Capital Expenditures-746.54M-458.93M-456.61M-259.11M
Investments-1.74M-1.98M-301k-6.75M
Other Cashflows From Investing Activities31.96M36.75M40.24M25.2M
Total Cashflows From Investing Activities-1.02B-580.27M-568.49M-423.78M
Dividends Paid-394.12M-261.64M-223.59M-183.42M
Net Borrowings1.86B-245.05M393.06M115.19M
Total Cash From Financing Activities1.47B-498.09M162.76M-105.97M
Effect Of Exchange Rate-5.71M41.35M-10.61M-23.53M
Change In Cash340.52M122.06M307.94M240.37M
Issuance Of Stock8.21M8.59M5.94M868k