Avast plc (LSE:AVST) Annual Report 2021



The latest annual report of Avast plc (AVST) 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 - AVST Annual Results

Amounts in USD

Total Revenue
941.1M
Gross Profit
791.6M
EBIT
405.2M
Net Tangible Assets
-691.3M
Net Income
348.4M
Capital Expenditures
-9M

AVST Income Statement 2021 Annual Report

As per the latest Income Statement of AVST, the Net revenue increased by $48.20M (5%) compared to the previous period. The operating income in 2021 increased by $61.90M (18%). The net income as per the annual report was 348.4M which increased by $178.80M (105%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue941.1M892.9M
Gross Profit791.6M702.6M
Operating Income405.2M343.3M
Income Before Tax450.3M236.3M
Net Income348.4M169.6M

Balance Sheet - AVST 2021 Annual Report

Read further: AVST Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Avast plc showed the company increased the cash on balance sheet by $253.60M (145%). The Net tangible assets of AVST on the balance sheet were at -691.3M which is $232.40M (25%) more than previous annual report. The total stockholder equity also increased by $239.00M (20%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash429M175.4M
Total Assets2.9B 2.68B
Long Term Debt744.9M769.4M
Total Liabilities1.46B 1.49B
Total Shareholder Equity1.43B1.2B
Net Tangible Assets-691.3M-923.7M

Cash Flow Statement - AVST 2021 Annual Report

The 2021 annual cash flow statement of Avast plc showed that the net income increased by $178.80M (105%) compared to previous reporting period. Also the capital expenditure of AVST increased by $3.40M (27%).

As of 2021, the total cash from investing activities was -900k and total cash from financing activities was -204.6M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income348.4M169.6M
Capital Expenditures-9M-12.4M
Dividends Paid-165M-154.7M
Total Cash From From Investing Activities-900k-16.4M
Total Cash From From Financing Activities-204.6M-484.2M

Avast plc Annual Report History

Income Statement

Income Statement history of Avast plc (LSE:AVST)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue941.1M892.9M871.1M808.3M
Cost Of Revenue149.5M190.3M210.6M240.8M
Gross Profit791.6M702.6M660.5M567.5M
Research Development79.8M86.1M82.5M68.9M
Selling General Administrative306.6M273.2M232.9M249.7M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses535.9M549.6M526M559.4M
Operating Income405.2M343.3M345.1M248.9M
Total Other Income Expense Net45.1M-107M-30.5M-66.4M
Ebit405.2M343.3M345.1M248.9M
Interest Expense-26.8M-35.5M-58.7M-85.8M
Income Before Tax450.3M236.3M314.6M182.5M
Income Tax Expense101.9M66.7M65.7M-58.7M
Minority Interest--7.5M1M
Net Income From Continuing Ops348.4M169.6M248.9M241.2M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income348.4M169.6M248.7M241.2M
Net Income Applicable To Common Shares348.4M169.6M248.7M241.2M

Balance Sheet Statement

Balance Sheet Statement history of Avast plc (LSE:AVST)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash429M175.4M216.6M272.3M
Net Receivables58.7M68.2M100.9M90.2M
Other Current Assets39.9M35.3M34.5M31.6M
Total Current Assets537.5M289.2M366M403.1M
Property Plant Equipment80.4M97.6M105.5M29.3M
Good Will2B1.99B1.99B1.99B
Intangible Assets122M127.7M193.3M267.3M
Other Assets152.5M178.7M209.8M211.4M
Deferred Long Term Asset Charges141.7M174.6M203.8M204.1M
Total Assets2.9B2.68B2.87B2.9B
Accounts Payable8M5.4M2.6M8.5M
Short Long Term Debt41M65M58.2M73.4M
Other Current Liab509.4M491.6M440.7M436.6M
Long Term Debt744.9M769.4M971.6M1.32B
Other Liab36.7M39.3M149.4M113.7M
Deferred Long Term Liab2.4M2.8M4.4M4.6M
Total Current Liabilities634.6M623M563M571.6M
Total Liab1.46B1.49B1.74B2B
Common Stock139.8M138.6M136M129M
Retained Earnings875.5M678.7M698.9M494.8M
Treasury Stock321.2M290.4M226.4M260.2M
Capital Surplus97.8M87.6M55.6M15.4M
Other Stockholder Equity321.2M290.4M226.4M260.2M
Total Stockholder Equity1.43B1.2B1.12B899.4M
Net Tangible Assets-691.3M-923.7M-1.07B-1.36B

Cash Flow Statement

Cash Flow Statement history of Avast plc (LSE:AVST)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income348.4M169.6M248.7M241.2M
Depreciation39.3M77.6M88.3M84.1M
Change To Netincome41.9M152.2M12.1M-70.9M
Change To Account Receivables7.6M14.7M-9.3M4.1M
Change To Liabilities27.2M31.6M38.7M57.9M
Change To Inventory100k800k-1.1M-1.1M
Total Cash From Operating Activities469.4M456.5M399.1M376M
Capital Expenditures-9M-12.4M-26.3M-13.5M
Other Cashflows From Investing Activities200k400k1.5M300k
Total Cashflows From Investing Activities-900k-16.4M-16.7M-28.8M
Dividends Paid-165M-154.7M-127M-127M
Net Borrowings-31.5M-269.1M-367.1M-380M
Other Cashflows From Financing Activities-18.8M-94.4M6M-74.7M
Total Cash From Financing Activities-204.6M-484.2M-440.9M-254M
Effect Of Exchange Rate-10.4M3M2.8M2.8M
Change In Cash253.6M-41.2M-55.7M96M
Issuance Of Stock10.7M34M47.2M200.7M