Barratt Developments plc (LSE:BDEV) Annual Report 2021



The latest annual report of Barratt Developments plc (BDEV) was published on 30 Jun 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 - BDEV Annual Results

Amounts in GBP

Total Revenue
4.81B
Gross Profit
1.13B
EBIT
929.4M
Net Tangible Assets
4.55B
Net Income
659.8M
Capital Expenditures
-7.2M

BDEV Income Statement 2021 Annual Report

As per the latest Income Statement of BDEV, the Net revenue increased by £1.3925B (41%) compared to the previous period. The operating income in 2021 increased by £349.80M (60%). The net income as per the annual report was 659.8M which increased by £260.10M (65%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue4.81B3.42B
Gross Profit1.13B705.7M
Operating Income929.4M579.6M
Income Before Tax812.2M491.8M
Net Income659.8M399.7M

Balance Sheet - BDEV 2021 Annual Report

Read further: BDEV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Barratt Developments plc showed the company increased the cash on balance sheet by £898.80M (145%). The Net tangible assets of BDEV on the balance sheet were at 4.55B which is £613.20M (16%) more than previous annual report. The total stockholder equity also increased by £612.10M (13%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.52B619.8M
Total Assets7.47B 6.86B
Long Term Debt200M200M
Total Liabilities2.02B 2.02B
Total Shareholder Equity5.45B4.84B
Net Tangible Assets4.55B3.93B

Cash Flow Statement - BDEV 2021 Annual Report

The 2021 annual cash flow statement of Barratt Developments plc showed that the net income increased by £260.10M (65%) compared to previous reporting period. Also the capital expenditure of BDEV increased by £300000 (4%).

As of 2021, the total cash from investing activities was 13.5M and total cash from financing activities was -197M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income659.8M399.7M
Capital Expenditures-7.2M-7.5M
Dividends Paid-76.3M-197.8M
Total Cash From From Investing Activities13.5M61.2M
Total Cash From From Financing Activities-197M-456.4M

Barratt Developments plc Annual Report History

Income Statement

Income Statement history of Barratt Developments plc (LSE:BDEV)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue4.81B3.42B4.76B4.87B
Cost Of Revenue3.68B2.71B3.68B3.86B
Gross Profit1.13B705.7M1.09B1.02B
Research Development----
Selling General Administrative225.6M155.1M184.3M145.7M
Non Recurring----
Other Operating Expenses-24.5M-29M-29M-29M
Total Operating Expenses3.88B2.84B3.86B4B
Operating Income929.4M579.6M903.1M870.2M
Total Other Income Expense Net-117.2M-87.8M6.7M-34.7M
Ebit929.4M579.6M903.1M870.2M
Interest Expense-28M-35M-35.9M-48.6M
Income Before Tax812.2M491.8M909.8M835.5M
Income Tax Expense152.1M89.1M170.4M164M
Minority Interest1.1M1.4M6.9M7.5M
Net Income From Continuing Ops660.1M402.7M739.4M671.5M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income659.8M399.7M740M671.7M
Net Income Applicable To Common Shares659.8M399.7M740M671.7M

Balance Sheet Statement

Balance Sheet Statement history of Barratt Developments plc (LSE:BDEV)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash1.52B619.8M1.14B982.4M
Net Receivables165.2M70.3M208.8M217.8M
Inventory4.65B5.03B4.82B4.52B
Total Current Assets6.34B5.73B6.19B5.73B
Long Term Investments163.1M152.1M189M234.1M
Property Plant Equipment59.7M65.7M17.4M11.6M
Good Will805.9M805.9M805.9M792.2M
Intangible Assets100M101.1M102.3M100M
Other Assets1.2M5.8M65.5M64.9M
Total Assets7.47B6.86B7.37B6.93B
Accounts Payable289.6M186.8M353.6M361.1M
Other Current Liab585M675.3M786.5M661.4M
Long Term Debt200M200M200M191.1M
Other Liab305.7M322.1M431.1M592M
Minority Interest1.1M1.4M6.9M7.5M
Total Current Liabilities1.49B1.47B1.87B1.55B
Total Liab2.02B2.02B2.5B2.33B
Common Stock101.8M101.8M101.7M101.3M
Retained Earnings3.97B3.39B3.41B3.13B
Treasury Stock1.13B1.11B1.11B1.13B
Capital Surplus245.3M245.2M239.3M232.6M
Other Stockholder Equity1.14B1.13B1.13B1.13B
Total Stockholder Equity5.45B4.84B4.86B4.59B
Net Tangible Assets4.55B3.93B3.95B3.7B

Cash Flow Statement

Cash Flow Statement history of Barratt Developments plc (LSE:BDEV)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income659.8M399.7M740M671.7M
Depreciation20.7M20.3M4.3M5.4M
Change To Netincome-5.2M-112.5M-35.5M21.1M
Change To Account Receivables-93.1M128.9M-2.3M-39.4M
Change To Liabilities74.8M-373.8M-53.3M-102.3M
Change To Inventory385.9M-211.8M-291.9M-44.6M
Change To Operating Activities39.4M28.2M28.2M2.4M
Total Cash From Operating Activities1.08B-121M361.3M514.3M
Capital Expenditures-7.2M-7.5M-7.2M-7.5M
Investments-2.5M41M34.5M-46.9M
Other Cashflows From Investing Activities23.2M27.7M65.4M44.7M
Total Cashflows From Investing Activities13.5M61.2M81.5M-9.7M
Dividends Paid-76.3M-197.8M-277.7M-259.9M
Net Borrowings-127.2M-74.1M-16.1M130.4M
Other Cashflows From Financing Activities-1.6M-9.2M-9.2M-7.3M
Total Cash From Financing Activities-197M-456.4M-483M-306.6M
Change In Cash898.8M-516.2M-40.2M198M
Issuance Of Stock8.1M6M7.1M8.5M