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)

2021 2020
Total Revenue 13.2B 9.81B
Gross Profit 5.12B 3.75B
Operating Income 1.18B 857.09M
Income Before Tax 1.18B 861.25M
Net Income 1.1B 800.76M

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)

2021 2020
Cash 1.87B 1.53B
Total Assets 13.01B 9.39B
Long Term Debt 1.03B 940.22M
Total Liabilities 8.29B 5.49B
Total Shareholder Equity 4.72B 3.9B
Net Tangible Assets 3.87B 3.06B

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)

2021 2020
Net Income 1.1B 800.76M
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 Activities 1.47B -498.09M

Techtronic Industries Company Limited Annual Report History

Income Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 13.2B 9.81B 7.67B 7.02B
Cost Of Revenue 8.08B 6.06B 4.77B 4.41B
Gross Profit 5.12B 3.75B 2.89B 2.61B
Research Development 425.7M 316.61M 229.8M 202.56M
Selling General Administrative 3.52B 2.58B 2B 1.81B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 12.02B 8.95B 7B 6.42B
Operating Income 1.18B 857.09M 662.73M 600.44M
Total Other Income Expense Net 3.02M 4.16M -1.45M -5.83M
Ebit 1.18B 857.09M 662.73M 600.44M
Interest Expense -42.01M -44.22M -52.32M -38.05M
Income Before Tax 1.18B 861.25M 661.29M 594.61M
Income Tax Expense 82.72M 60.26M 46.29M 42.07M
Minority Interest - -98k -334k -430k
Net Income From Continuing Ops 1.1B 801M 615M 552.54M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.1B 800.76M 614.9M 552.46M
Net Income Applicable To Common Shares 1.1B 800.76M 614.9M 552.46M

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 1.87B 1.53B 1.41B 1.1B
Short Term Investments 151.44M 139.68M 169.08M 126.84M
Net Receivables 2.07B 1.41B 1.27B 1.15B
Inventory 4.85B 3.22B 2.11B 1.77B
Other Current Assets 103.25M 18.61M 40.41M 47.79M
Total Current Assets 9.06B 6.34B 5.02B 4.23B
Long Term Investments 6.99M 8.56M 9.04M 9.03M
Property Plant Equipment 2.41B 1.72B 1.33B 790.94M
Good Will 577.24M 578.46M 580.87M 581.22M
Intangible Assets 277.34M 269.53M 278.69M 282.57M
Other Assets 678.19M 477.14M 471.89M 460.09M
Deferred Long Term Asset Charges 97.44M 74.5M 74.95M 83.94M
Total Assets 13.01B 9.39B 7.7B 6.35B
Accounts Payable 2.08B 1.78B 1.18B 1.13B
Short Long Term Debt 2.18B 403.49M 666.11M 180.23M
Other Current Liab 2.22B 1.81B 1.23B 990.12M
Long Term Debt 1.03B 940.22M 754.63M 540.21M
Other Liab 138.7M 164.76M 156.91M 134.6M
Deferred Long Term Liab 572.45M 394.14M 388.02M 338.23M
Total Current Liabilities 6.68B 4.08B 3.22B 2.62B
Total Liab 8.29B 5.49B 4.3B 3.29B
Common Stock 683.39M 673.14M 662.38M 654.99M
Retained Earnings 4.15B 3.44B 2.92B 2.56B
Treasury Stock -107.99M -212.37M -186.83M -156.4M
Other Stockholder Equity -107.99M -212.37M -186.83M -156.4M
Total Stockholder Equity 4.72B 3.9B 3.39B 3.06B
Net Tangible Assets 3.87B 3.06B 2.54B 2.19B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 1.1B 800.76M 614.9M 552.46M
Depreciation 309.16M 253.23M 223.11M 138.44M
Change To Netincome 151.38M 131.3M 39.12M 29.78M
Change To Account Receivables -700.34M -116.78M -150.99M -30.6M
Change To Liabilities 734.3M 1.1B 257.99M 364.11M
Change To Inventory -1.73B -1.12B -383.72M -348.65M
Change To Operating Activities -79.52M -29.39M 21.69M -15.21M
Total Cash From Operating Activities -100.94M 1.16B 724.27M 793.64M
Capital Expenditures -746.54M -458.93M -456.61M -259.11M
Investments -1.74M -1.98M -301k -6.75M
Other Cashflows From Investing Activities 31.96M 36.75M 40.24M 25.2M
Total Cashflows From Investing Activities -1.02B -580.27M -568.49M -423.78M
Dividends Paid -394.12M -261.64M -223.59M -183.42M
Net Borrowings 1.86B -245.05M 393.06M 115.19M
Total Cash From Financing Activities 1.47B -498.09M 162.76M -105.97M
Effect Of Exchange Rate -5.71M 41.35M -10.61M -23.53M
Change In Cash 340.52M 122.06M 307.94M 240.37M
Issuance Of Stock 8.21M 8.59M 5.94M 868k