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)

2021 2020
Total Revenue 2.04B 1.89B
Gross Profit 1.12B 1.02B
Operating Income 231.3M 224.9M
Income Before Tax 151.3M 174.7M
Net Income 117.6M 112.5M

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)

2021 2020
Cash 463.4M 565.4M
Total Assets 3.67B 3.77B
Long Term Debt 1.2B 1.38B
Total Liabilities 1.98B 2.1B
Total Shareholder Equity 1.69B 1.67B
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)

2021 2020
Net Income 117.6M 112.5M
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 2.04B 1.89B 1.83B 1.83B
Cost Of Revenue 914.5M 874.2M 871.6M 855M
Gross Profit 1.12B 1.02B 955.6M 977.1M
Research Development 94.6M 81.2M 53.8M 49.3M
Selling General Administrative 797.9M 714M 687.4M 647M
Non Recurring - - - -
Other Operating Expenses - - 105.5M 105.5M
Total Operating Expenses 1.81B 1.67B 1.61B 1.55B
Operating Income 231.3M 224.9M 214.4M 280.8M
Total Other Income Expense Net -80M -50.2M -195.5M -79.6M
Ebit 231.3M 224.9M 214.4M 280.8M
Interest Expense -36.2M -44.1M -63.7M -63.9M
Income Before Tax 151.3M 174.7M 18.9M 201.2M
Income Tax Expense 33.7M 62.2M 9.1M -20.4M
Minority Interest - - - -
Net Income From Continuing Ops 117.6M 112.5M 9.8M 221.6M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 117.6M 112.5M 9.8M 221.6M
Net Income Applicable To Common Shares 117.6M 112.5M 9.8M 221.6M

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 463.4M 565.4M 385.8M 315.6M
Net Receivables 301.5M 289.5M 283.8M 253.7M
Inventory 308.8M 297.1M 281.8M 303.3M
Other Current Assets 15.1M 8.1M 1M -
Total Current Assets 1.11B 1.18B 968.3M 903.2M
Property Plant Equipment 450.3M 438M 406.1M 330.7M
Good Will 1.16B 1.1B 1.07B 1.04B
Intangible Assets 900.3M 988.9M 1.1B 1.33B
Other Assets 56.3M 63.9M 71.9M 41.2M
Deferred Long Term Asset Charges 28.9M 41.4M 55M 22.9M
Total Assets 3.67B 3.77B 3.61B 3.66B
Accounts Payable 116.7M 98.2M 90.5M 89.1M
Short Long Term Debt 144.8M 86.6M 40.8M 62M
Other Current Liab 62.2M 72.7M 51M 46.4M
Long Term Debt 1.2B 1.38B 1.45B 1.56B
Other Liab 136.5M 132.8M 136.1M 130.8M
Deferred Long Term Liab 1.9M 3.5M 4.4M 3.5M
Total Current Liabilities 569.2M 513.2M 397.3M 330.9M
Total Liab 1.98B 2.1B 2.05B 2.04B
Common Stock 247M 245.5M 242.9M 240.7M
Retained Earnings -842M -845.3M -847.7M -744.5M
Treasury Stock 2.15B 2.16B 2.1B 2.08B
Capital Surplus 142.3M 115.3M 70.7M 39.8M
Other Stockholder Equity 2.15B 2.16B 2.11B 2.09B
Total Stockholder Equity 1.69B 1.67B 1.56B 1.62B
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 117.6M 112.5M 9.8M 221.6M
Depreciation 196.9M 188.2M 199.4M 180.7M
Change To Netincome 9.3M 41.5M 119.4M -36.4M
Change To Account Receivables -29.4M 6.5M -13.9M 6.7M
Change To Liabilities 10.7M 47.5M 43.8M 2.3M
Change To Inventory -19.6M -5.3M 20.4M -33.1M
Change To Operating Activities 6.7M -900k 1.3M 900k
Total Cash From Operating Activities 305.9M 399.5M 401.8M 352M
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 -102M 179.6M 70.2M 26.3M