ConvaTec Group Plc (LSE:CTEC) Annual Report 2021



The latest annual report of ConvaTec Group Plc (CTEC) 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 - CTEC Annual Results

Amounts in USD

Total Revenue
2.04B
Gross Profit
1.12B
EBIT
231.3M
Net Tangible Assets
-361.8M
Net Income
117.6M
Capital Expenditures
-94.1M

CTEC Income Statement 2021 Annual Report

As per the latest Income Statement of CTEC, the Net revenue increased by $144.00M (8%) compared to the previous period. The operating income in 2021 increased by $6.40M (3%). The net income as per the annual report was 117.6M which increased by $5.10M (5%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.04B1.89B
Gross Profit1.12B1.02B
Operating Income231.3M224.9M
Income Before Tax151.3M174.7M
Net Income117.6M112.5M

Balance Sheet - CTEC 2021 Annual Report

Read further: CTEC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of ConvaTec Group Plc showed the company reduced the cash on balance sheet by $-102.00M (-18%). The Net tangible assets of CTEC on the balance sheet were at -361.8M which is $53.60M (13%) more than previous annual report. The total stockholder equity also increased by $24.10M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash463.4M565.4M
Total Assets3.67B 3.77B
Long Term Debt1.2B1.38B
Total Liabilities1.98B 2.1B
Total Shareholder Equity1.69B1.67B
Net Tangible Assets-361.8M-415.4M

Cash Flow Statement - CTEC 2021 Annual Report

The 2021 annual cash flow statement of ConvaTec Group Plc showed that the net income increased by $5.10M (5%) compared to previous reporting period. Also the capital expenditure of CTEC decreased by $-7.90M (-9%).

As of 2021, the total cash from investing activities was -206.5M and total cash from financing activities was -199.9M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income117.6M112.5M
Capital Expenditures-94.1M-86.2M
Dividends Paid-85.8M-62.9M
Total Cash From From Investing Activities-206.5M-56.3M
Total Cash From From Financing Activities-199.9M-162.1M

ConvaTec Group Plc Annual Report History

Income Statement

Income Statement history of ConvaTec Group Plc (LSE:CTEC)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue2.04B1.89B1.83B1.83B
Cost Of Revenue914.5M874.2M871.6M855M
Gross Profit1.12B1.02B955.6M977.1M
Research Development94.6M81.2M53.8M49.3M
Selling General Administrative797.9M714M687.4M647M
Non Recurring----
Other Operating Expenses--105.5M105.5M
Total Operating Expenses1.81B1.67B1.61B1.55B
Operating Income231.3M224.9M214.4M280.8M
Total Other Income Expense Net-80M-50.2M-195.5M-79.6M
Ebit231.3M224.9M214.4M280.8M
Interest Expense-36.2M-44.1M-63.7M-63.9M
Income Before Tax151.3M174.7M18.9M201.2M
Income Tax Expense33.7M62.2M9.1M-20.4M
Minority Interest----
Net Income From Continuing Ops117.6M112.5M9.8M221.6M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income117.6M112.5M9.8M221.6M
Net Income Applicable To Common Shares117.6M112.5M9.8M221.6M

Balance Sheet Statement

Balance Sheet Statement history of ConvaTec Group Plc (LSE:CTEC)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash463.4M565.4M385.8M315.6M
Net Receivables301.5M289.5M283.8M253.7M
Inventory308.8M297.1M281.8M303.3M
Other Current Assets15.1M8.1M1M-
Total Current Assets1.11B1.18B968.3M903.2M
Property Plant Equipment450.3M438M406.1M330.7M
Good Will1.16B1.1B1.07B1.04B
Intangible Assets900.3M988.9M1.1B1.33B
Other Assets56.3M63.9M71.9M41.2M
Deferred Long Term Asset Charges28.9M41.4M55M22.9M
Total Assets3.67B3.77B3.61B3.66B
Accounts Payable116.7M98.2M90.5M89.1M
Short Long Term Debt144.8M86.6M40.8M62M
Other Current Liab62.2M72.7M51M46.4M
Long Term Debt1.2B1.38B1.45B1.56B
Other Liab136.5M132.8M136.1M130.8M
Deferred Long Term Liab1.9M3.5M4.4M3.5M
Total Current Liabilities569.2M513.2M397.3M330.9M
Total Liab1.98B2.1B2.05B2.04B
Common Stock247M245.5M242.9M240.7M
Retained Earnings-842M-845.3M-847.7M-744.5M
Treasury Stock2.15B2.16B2.1B2.08B
Capital Surplus142.3M115.3M70.7M39.8M
Other Stockholder Equity2.15B2.16B2.11B2.09B
Total Stockholder Equity1.69B1.67B1.56B1.62B
Net Tangible Assets-361.8M-415.4M-601.5M-756.8M

Cash Flow Statement

Cash Flow Statement history of ConvaTec Group Plc (LSE:CTEC)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income117.6M112.5M9.8M221.6M
Depreciation196.9M188.2M199.4M180.7M
Change To Netincome9.3M41.5M119.4M-36.4M
Change To Account Receivables-29.4M6.5M-13.9M6.7M
Change To Liabilities10.7M47.5M43.8M2.3M
Change To Inventory-19.6M-5.3M20.4M-33.1M
Change To Operating Activities6.7M-900k1.3M900k
Total Cash From Operating Activities305.9M399.5M401.8M352M
Capital Expenditures-94.1M-86.2M-61.4M-72.1M
Total Cashflows From Investing Activities-206.5M-56.3M-72.8M-80.9M
Dividends Paid-85.8M-62.9M-79.9M-74.9M
Net Borrowings-114.1M-93.6M-158.6M-154.5M
Total Cash From Financing Activities-199.9M-162.1M-252.5M-229.4M
Effect Of Exchange Rate-1.5M-1.5M-6.3M-15.4M
Change In Cash-102M179.6M70.2M26.3M