Croda International Plc (LSE:CRDA) Annual Report 2021



The latest annual report of Croda International Plc (CRDA) 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 - CRDA Annual Results

Amounts in GBP

Total Revenue
1.89B
Gross Profit
938.9M
EBIT
439.4M
Net Tangible Assets
480.4M
Net Income
320.8M
Capital Expenditures
-153M

CRDA Income Statement 2021 Annual Report

As per the latest Income Statement of CRDA, the Net revenue increased by £499.30M (36%) compared to the previous period. The operating income in 2021 increased by £138.90M (46%). The net income as per the annual report was 320.8M which increased by £119.20M (59%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 1.89B 1.39B
Gross Profit 938.9M 632.1M
Operating Income 439.4M 300.5M
Income Before Tax 411.5M 269.5M
Net Income 320.8M 201.6M

Balance Sheet - CRDA 2021 Annual Report

Read further: CRDA Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Croda International Plc showed the company increased the cash on balance sheet by £6.30M (6%). The Net tangible assets of CRDA on the balance sheet were at 480.4M which is £207.40M (76%) more than previous annual report. The total stockholder equity also increased by £167.30M (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 112.8M 106.5M
Total Assets 3.29B 3.03B
Long Term Debt 794.6M 776.2M
Total Liabilities 1.53B 1.43B
Total Shareholder Equity 1.75B 1.58B
Net Tangible Assets 480.4M 273M

Cash Flow Statement - CRDA 2021 Annual Report

The 2021 annual cash flow statement of Croda International Plc showed that the net income increased by £119.20M (59%) compared to previous reporting period. Also the capital expenditure of CRDA decreased by £-38.00M (-33%).

As of 2021, the total cash from investing activities was -216.2M and total cash from financing activities was -112.6M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 320.8M 201.6M
Capital Expenditures -153M -115M
Dividends Paid -132.5M -115.9M
Total Cash From From Investing Activities -216.2M -991.9M
Total Cash From From Financing Activities -112.6M 722.4M

Croda International Plc Annual Report History

Income Statement

Income Statement history of Croda International Plc (LSE:CRDA)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 1.89B 1.39B 1.38B 1.39B
Cost Of Revenue 950.7M 758.2M 746.5M 864.6M
Gross Profit 938.9M 632.1M 631.2M 522.3M
Research Development - - - -
Selling General Administrative 499.5M 331.6M 311.3M 191.4M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 1.45B 1.09B 1.06B 1.06B
Operating Income 439.4M 300.5M 319.9M 330.9M
Total Other Income Expense Net -27.9M -31M -17.6M -13.1M
Ebit 439.4M 300.5M 319.9M 330.9M
Interest Expense -22.1M -18.3M -18.2M -11.5M
Income Before Tax 411.5M 269.5M 302.3M 317.8M
Income Tax Expense 88.7M 67.9M 78.5M 79.5M
Minority Interest 12.8M 9.3M 7M 7.5M
Net Income From Continuing Ops 322.8M 201.6M 223.8M 238.3M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 320.8M 201.6M 223.9M 238.5M
Net Income Applicable To Common Shares 320.8M 201.6M 223.9M 238.5M

Balance Sheet Statement

Balance Sheet Statement history of Croda International Plc (LSE:CRDA)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 112.8M 106.5M 81.9M 71.2M
Net Receivables 323.3M 280.1M 207.8M 224.2M
Inventory 443M 302.6M 268.9M 287.2M
Total Current Assets 893.7M 699M 567.6M 592M
Long Term Investments 3.3M 5.2M 4.7M 4.8M
Property Plant Equipment 1.08B 980.9M 851.4M 780.3M
Good Will 852M 866.7M 348.5M 354M
Intangible Assets 419.6M 445M 96.8M 100.9M
Other Assets 48.8M 32.1M 22M 80.8M
Deferred Long Term Asset Charges 13.5M 14.5M 11.8M 56.2M
Total Assets 3.29B 3.03B 1.89B 1.91B
Accounts Payable 133.2M 97.8M 63.8M 68.2M
Short Long Term Debt 32.4M 20.4M 90.7M 17.9M
Other Current Liab 131.1M 104M 95.2M 101.5M
Long Term Debt 794.6M 776.2M 476.6M 446.9M
Other Liab 194.7M 241.2M 173.7M 175.7M
Minority Interest 12.8M 9.3M 7M 7.5M
Total Current Liabilities 459.9M 345.4M 336.4M 291.6M
Total Liab 1.53B 1.43B 1.02B 914.8M
Common Stock 15.1M 15.1M 14M 14M
Retained Earnings 1.07B 842.6M 718.8M 813.4M
Treasury Stock -43.8M 19.3M 34.4M 68.7M
Capital Surplus 707.7M 707.7M 93.3M 93.3M
Other Stockholder Equity -43.8M 19.3M 34.4M 68.7M
Total Stockholder Equity 1.75B 1.58B 860.5M 989.4M
Net Tangible Assets 480.4M 273M 415.2M 534.5M

Cash Flow Statement

Cash Flow Statement history of Croda International Plc (LSE:CRDA)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 320.8M 201.6M 223.9M 238.5M
Depreciation 76.3M 66.2M 64.5M 54.4M
Change To Netincome 50.4M 24.5M 12M 36.6M
Change To Account Receivables -53.2M -15.6M 8.3M -26.3M
Change To Liabilities 91.6M 15.3M -18.9M -20.8M
Change To Inventory -140.9M -7M 12.2M -22.2M
Total Cash From Operating Activities 347.7M 287M 303.9M 262M
Capital Expenditures -153M -115M -105.2M -100.2M
Other Cashflows From Investing Activities 400k -1.2M -200k 100k
Total Cashflows From Investing Activities -216.2M -991.9M -112M -185.1M
Dividends Paid -132.5M -115.9M -115.4M -110.5M
Net Borrowings 23.2M 229.7M 106.6M 14.7M
Other Cashflows From Financing Activities -900k -900k -900k -900k
Total Cash From Financing Activities -112.6M 722.4M -164.6M -95.4M
Effect Of Exchange Rate -2.4M -2.8M -4.5M 3.9M
Change In Cash 16.5M 14.7M 22.8M -14.6M
Repurchase Of Stock -2.4M -6.9M -4.3M -4.3M