Ashtead Group plc (LSE:AHT) Annual Report 2022



The latest annual report of Ashtead Group plc (AHT) was published on 30 Apr 2022. 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 - AHT Annual Results

Amounts in USD

Total Revenue
7.96B
Gross Profit
7.7B
EBIT
1.95B
Net Tangible Assets
2.26B
Net Income
1.25B
Capital Expenditures
-398.4M

AHT Income Statement 2022 Annual Report

As per the latest Income Statement of AHT, the Net revenue increased by $1.3237B (20%) compared to the previous period. The operating income in 2022 increased by $443.80M (29%). The net income as per the annual report was 1.25B which increased by $331.00M (36%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 7.96B 6.64B
Gross Profit 7.7B 6.27B
Operating Income 1.95B 1.51B
Income Before Tax 1.67B 1.24B
Net Income 1.25B 920.1M

Balance Sheet - AHT 2022 Annual Report

Read further: AHT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Ashtead Group plc showed the company reduced the cash on balance sheet by $-11.30M (-42%). The Net tangible assets of AHT on the balance sheet were at 2.26B which is $-83.70M (-4%) less than previous annual report. The total stockholder equity also increased by $508.20M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 15.3M 26.6M
Total Assets 15.29B 12.84B
Long Term Debt 5.18B 4.19B
Total Liabilities 10.26B 8.31B
Total Shareholder Equity 5.03B 4.53B
Net Tangible Assets 2.26B 2.34B

Cash Flow Statement - AHT 2022 Annual Report

The 2022 annual cash flow statement of Ashtead Group plc showed that the net income increased by $331.00M (36%) compared to previous reporting period. Also the capital expenditure of AHT decreased by $-260.10M (-188%).

As of 2022, the total cash from investing activities was -1.69B and total cash from financing activities was 181.5M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.25B 920.1M
Capital Expenditures -398.4M -138.3M
Dividends Paid -271.5M -239.1M
Total Cash From From Investing Activities -1.69B -315.1M
Total Cash From From Financing Activities 181.5M -1.91B

Ashtead Group plc Annual Report History

Income Statement

Income Statement history of Ashtead Group plc (LSE:AHT)

30 Apr 2022 30 Apr 2021 30 Apr 2020 30 Apr 2019
Total Revenue 7.96B 6.64B 5.05B 4.5B
Cost Of Revenue 261.5M 364.4M 229.9M 159.7M
Gross Profit 7.7B 6.27B 4.82B 4.34B
Research Development - - - -
Selling General Administrative 1.91B 1.57B 1.22B 1.15B
Non Recurring - - - -
Other Operating Expenses 2.19B 1.67B 1.23B 1.09B
Total Operating Expenses 6.01B 5.13B 3.82B 3.28B
Operating Income 1.95B 1.51B 1.23B 1.22B
Total Other Income Expense Net -285.7M -274.9M -248.8M -156.4M
Ebit 1.95B 1.51B 1.23B 1.22B
Interest Expense -279.8M -262.9M -240.8M -153.5M
Income Before Tax 1.67B 1.24B 982.8M 1.06B
Income Tax Expense 417M 315M 243.1M 262.6M
Minority Interest - - - -
Net Income From Continuing Ops 1.25B 920.1M 739.7M 796.9M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.25B 920.1M 739.7M 796.9M
Net Income Applicable To Common Shares 1.25B 920.1M 739.7M 796.9M

Balance Sheet Statement

Balance Sheet Statement history of Ashtead Group plc (LSE:AHT)

30 Apr 2022 30 Apr 2021 30 Apr 2020 30 Apr 2019
Cash 15.3M 26.6M 241.4M 12.8M
Net Receivables 1.4B 1.1B 854.4M 868.9M
Inventory 168.5M 102.2M 83.3M 83.5M
Total Current Assets 1.58B 1.23B 1.18B 965.2M
Long Term Investments 40M - - -
Property Plant Equipment 2.94B 2.41B 1.8B 573.7M
Good Will 2.3B 1.8B 1.34B 1.14B
Intangible Assets 475.3M 387.3M 326.1M 260.6M
Other Assets 7.95B 7.01B 5.89B 5.41B
Total Assets 15.29B 12.84B 10.53B 8.36B
Accounts Payable 399.2M 216.2M 153.1M 217M
Other Current Liab 89M 59.7M 56M 58.9M
Long Term Debt 5.18B 4.19B 4.49B 3.75B
Other Liab 1.79B 1.61B 1.33B 1.11B
Total Current Liabilities 1.47B 1.05B 736.7M 693.6M
Total Liab 10.26B 8.31B 7.56B 5.56B
Common Stock 81.8M 81.8M 45.4M 49.9M
Retained Earnings 5.68B 4.65B 2.75B 3.15B
Treasury Stock -731.7M -217M 172.9M -406.2M
Capital Surplus 6.5M 6.5M 3.6M 3.6M
Other Stockholder Equity -206.7M -114M 316.5M 241M
Total Stockholder Equity 5.03B 4.53B 2.97B 2.8B
Net Tangible Assets 2.26B 2.34B 1.31B 1.4B

Cash Flow Statement

Cash Flow Statement history of Ashtead Group plc (LSE:AHT)

30 Apr 2022 30 Apr 2021 30 Apr 2020 30 Apr 2019
Net Income 1.25B 920.1M 739.7M 796.9M
Depreciation 1.65B 1.53B 1.14B 889.7M
Change To Netincome -1.24B -500.8M -975M -1.12B
Change To Account Receivables -164.1M -127.8M 94.1M -84.7M
Change To Liabilities 68.8M 118.6M -13.2M 60.7M
Change To Inventory -67.2M 5.3M -500k -14.9M
Total Cash From Operating Activities 1.5B 1.94B 988.3M 526.7M
Capital Expenditures -398.4M -138.3M -208.2M -168.7M
Investments -40M -40M -40M -40M
Total Cashflows From Investing Activities -1.69B -315.1M -649.3M -749.8M
Dividends Paid -271.5M -239.1M -186.7M -164.2M
Net Borrowings 884.2M -1.66B 541.8M 855.3M
Other Cashflows From Financing Activities 2.2M 3.6M 3.6M 3.6M
Total Cash From Financing Activities 181.5M -1.91B -111.1M 216.5M
Effect Of Exchange Rate -800k 5M 700k 300k
Change In Cash -11.3M -277.8M 228.6M -6.3M
Repurchase Of Stock -433.4M -15.5M -466.2M -474.6M