Bunzl plc (LSE:BNZL) Annual Report 2022

The latest annual report of Bunzl plc (BNZL) was published on 31 Dec 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 - BNZL Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

BNZL Income Statement 2022 Annual Report

As per the latest Income Statement of BNZL, the Net revenue increased by £1.7544B (17%) compared to the previous period. The operating income in 2022 increased by £112.80M (17%). The net income as per the annual report was 474.4M which increased by £31.60M (7%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 12.04B 10.29B
Gross Profit 3.02B 2.52B
Operating Income 757.5M 644.7M
Income Before Tax 634.6M 568.7M
Net Income 474.4M 442.8M

Balance Sheet - BNZL 2022 Annual Report

Read further: BNZL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Bunzl plc showed the company increased the cash on balance sheet by £727.10M (94%). The Net tangible assets of BNZL on the balance sheet were at -373M which is £189.90M (34%) more than previous annual report. The total stockholder equity also increased by £517.00M (23%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.5B 776.9M
Total Assets 8.67B 7.11B
Long Term Debt 1.67B 1.46B
Total Liabilities 5.95B 4.91B
Total Shareholder Equity 2.72B 2.2B
Net Tangible Assets -373M -562.9M

Cash Flow Statement - BNZL 2022 Annual Report

The 2022 annual cash flow statement of Bunzl plc showed that the net income increased by £31.60M (7%) compared to previous reporting period. Also the capital expenditure of BNZL decreased by £-9.90M (-40%).

As of 2022, the total cash from investing activities was -223.2M and total cash from financing activities was -331M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 474.4M 442.8M
Capital Expenditures -34.7M -24.8M
Dividends Paid -190.5M -180.4M
Total Cash From From Investing Activities -223.2M -458M
Total Cash From From Financing Activities -331M -458.7M

Bunzl plc Annual Report History

Income Statement

Income Statement history of Bunzl plc (LSE:BNZL)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 12.04B 10.29B 10.11B 9.33B
Cost Of Revenue 9.02B 7.76B 7.53B 7.03B
Gross Profit 3.02B 2.52B 2.58B 2.29B
Research Development - - - -
Selling General Administrative 1.09B 941.7M 943.8M 882M
Non Recurring - - - -
Other Operating Expenses 855.5M 663.2M 674.9M 598M
Total Operating Expenses 11.28B 9.64B 9.43B 8.79B
Operating Income 757.5M 644.7M 678.1M 540.2M
Total Other Income Expense Net -122.9M -76M -122.4M -86.9M
Ebit 757.5M 644.7M 678.1M 540.2M
Interest Expense -77.8M -62.8M -70M -85.2M
Income Before Tax 634.6M 568.7M 555.7M 453.3M
Income Tax Expense 160.2M 125.9M 125.7M 104.1M
Minority Interest - - - -
Net Income From Continuing Ops 474.4M 442.8M 430M 349.2M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 474.4M 442.8M 430M 349.2M
Net Income Applicable To Common Shares 474.4M 442.8M 430M 349.2M

Balance Sheet Statement

Balance Sheet Statement history of Bunzl plc (LSE:BNZL)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 1.5B 776.9M 944.3M 610.5M
Net Receivables 1.48B 1.35B 1.31B 1.19B
Inventory 1.75B 1.47B 1.43B 1.18B
Other Current Assets 19M 14.9M - 3.4M
Total Current Assets 4.84B 3.7B 3.79B 3.05B
Property Plant Equipment 666.8M 569.2M 576.1M 551.2M
Good Will 1.93B 1.7B 1.49B 1.4B
Intangible Assets 1.16B 1.07B 947.3M 887.3M
Other Assets 64.5M 73.3M 19.9M 14.5M
Deferred Long Term Asset Charges 4M 2.8M 2.5M 3.7M
Total Assets 8.67B 7.11B 6.83B 5.92B
Accounts Payable 1.44B 1.22B 1.08B 1.07B
Short Long Term Debt 161M 111.9M 79.9M 83.7M
Other Current Liab 328.4M 283.4M 343.6M 246.4M
Long Term Debt 1.67B 1.46B 1.62B 1.31B
Other Liab 382.1M 314.1M 258.2M 230.1M
Total Current Liabilities 3.47B 2.77B 2.67B 2.27B
Total Liab 5.95B 4.91B 4.91B 4.18B
Common Stock 108.5M 108.4M 108.3M 108.3M
Retained Earnings 2.53B 2.2B 1.87B 1.62B
Treasury Stock -119.9M -303.1M -250M -165.5M
Capital Surplus 199.4M 194.2M 187.7M 184M
Other Stockholder Equity -56.5M -250.2M -176.6M -95.6M
Total Stockholder Equity 2.72B 2.2B 1.92B 1.74B
Net Tangible Assets -373M -562.9M -522.8M -546.6M

Cash Flow Statement

Cash Flow Statement history of Bunzl plc (LSE:BNZL)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 474.4M 442.8M 430M 349.2M
Depreciation 309.1M 269.3M 261.8M 259.9M
Change To Netincome 104.8M 10.5M 83.1M 48.5M
Change To Account Receivables -13M -10.7M -81M 38.9M
Change To Liabilities 186.2M 45.7M 278.5M -49.8M
Change To Inventory -118.7M -32.9M -192.5M 15.2M
Total Cash From Operating Activities 951.6M 733.1M 790.2M 669.3M
Capital Expenditures -34.7M -24.8M -24.4M -27.1M
Other Cashflows From Investing Activities 16.2M 8.7M 15.1M 9.8M
Total Cashflows From Investing Activities -223.2M -458M -380M -162.6M
Dividends Paid -190.5M -180.4M -171.5M -167.3M
Net Borrowings 61.5M -259M 173.9M -226.5M
Other Cashflows From Financing Activities -170.1M -38.8M -116.2M -70.7M
Total Cash From Financing Activities -331M -458.7M -122.2M -492.2M
Effect Of Exchange Rate 55.4M -20.8M 900k -17.9M
Change In Cash 452.8M -204.4M 288.9M -3.4M
Repurchase Of Stock -74M -34.2M -49.1M -49.2M
Issuance Of Stock 42.1M 53.7M 40.7M 21.5M