DCC plc (LSE:DCC) Annual Report 2022



The latest annual report of DCC plc (DCC) was published on 31 Mar 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 - DCC Annual Results

Amounts in GBP

Total Revenue
17.73B
Gross Profit
2.04B
EBIT
497.65M
Net Tangible Assets
270.74M
Net Income
312.37M
Capital Expenditures
-194.35M

DCC Income Statement 2022 Annual Report

As per the latest Income Statement of DCC, the Net revenue increased by £4.31957B (32%) compared to the previous period. The operating income in 2022 increased by £38.66M (8%). The net income as per the annual report was 312.37M which increased by £19.75M (7%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue17.73B13.41B
Gross Profit2.04B1.82B
Operating Income497.65M458.98M
Income Before Tax405.74M365.08M
Net Income312.37M292.62M

Balance Sheet - DCC 2022 Annual Report

Read further: DCC Balance Sheet Detailed Analysis

The latest balance sheet from annual result of DCC plc showed the company reduced the cash on balance sheet by £-392.28M (-22%). The Net tangible assets of DCC on the balance sheet were at 270.74M which is £-169.96M (-39%) less than previous annual report. The total stockholder equity also increased by £257.75M (10%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash1.39B1.79B
Total Assets9.56B 8.03B
Long Term Debt1.94B1.55B
Total Liabilities6.59B 5.33B
Total Shareholder Equity2.91B2.65B
Net Tangible Assets270.74M440.7M

Cash Flow Statement - DCC 2022 Annual Report

The 2022 annual cash flow statement of DCC plc showed that the net income increased by £19.75M (7%) compared to previous reporting period. Also the capital expenditure of DCC decreased by £-31.47M (-19%).

As of 2022, the total cash from investing activities was -867.43M and total cash from financing activities was 21.49M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income312.37M292.62M
Capital Expenditures-194.35M-162.88M
Dividends Paid-160.6M-143.52M
Total Cash From From Investing Activities-867.43M-391.52M
Total Cash From From Financing Activities21.49M-256.62M

DCC plc Annual Report History

Income Statement

Income Statement history of DCC plc (LSE:DCC)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue17.73B13.41B14.76B15.23B
Cost Of Revenue15.69B11.59B13.02B13.59B
Gross Profit2.04B1.82B1.74B1.64B
Research Development----
Selling General Administrative1.48B1.31B1.27B1.2B
Non Recurring----
Other Operating Expenses-33.24M-26.86M-26M-30.27M
Total Operating Expenses17.23B12.95B14.33B14.83B
Operating Income497.65M458.98M426.67M394.94M
Total Other Income Expense Net-91.91M-93.9M-115.19M-67.51M
Ebit497.65M458.98M426.67M394.94M
Interest Expense-41.95M-46.67M-50.38M-44.65M
Income Before Tax405.74M365.08M311.49M327.43M
Income Tax Expense79.73M62.28M57.34M56.3M
Minority Interest65.38M58.21M54.77M42.82M
Net Income From Continuing Ops326M302.8M254.15M271.13M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income312.37M292.62M245.51M262.59M
Net Income Applicable To Common Shares312.37M292.62M245.51M262.59M

Balance Sheet Statement

Balance Sheet Statement history of DCC plc (LSE:DCC)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash1.39B1.79B1.79B1.55B
Net Receivables2.19B1.55B1.51B1.39B
Inventory1.13B685.95M631M678.01M
Other Current Assets107.36M23.26M22.23M5.5M
Total Current Assets5.14B4.2B4.11B3.82B
Long Term Investments139.31M148.1M260.45M167.75M
Property Plant Equipment1.58B1.45B1.39B996.54M
Good Will1.77B1.53B1.47B1.45B
Intangible Assets868.49M679.14M659.74M624.41M
Other Assets60.61M31.41M35.41M26.18M
Deferred Long Term Asset Charges54.49M30.71M35.36M26.14M
Total Assets9.56B8.03B7.92B7.08B
Accounts Payable2.4B1.85B1.67B1.66B
Short Long Term Debt96.3M159.84M94.08M252.07M
Other Current Liab1.04B742.52M638.91M552.01M
Long Term Debt1.94B1.55B1.86B1.44B
Other Liab609.25M517.61M514.56M516.36M
Minority Interest65.38M58.21M54.77M42.82M
Total Current Liabilities3.76B3B2.75B2.68B
Total Liab6.59B5.33B5.38B4.64B
Common Stock17.42M17.42M17.42M17.42M
Retained Earnings1.78B1.63B1.48B1.37B
Treasury Stock221.41M115.29M104.1M122.47M
Capital Surplus883.32M882.92M882.89M882.56M
Other Stockholder Equity221.41M115.29M104.1M122.47M
Total Stockholder Equity2.91B2.65B2.49B2.39B
Net Tangible Assets270.74M440.7M359.8M321.15M

Cash Flow Statement

Cash Flow Statement history of DCC plc (LSE:DCC)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income312.37M292.62M245.51M262.59M
Depreciation290.12M259.47M238.87M172.94M
Change To Netincome18M-1.99M-4.46M-12.64M
Change To Account Receivables-614.26M-49.6M-54.02M23.14M
Change To Liabilities623.43M285.09M16.5M60.17M
Change To Inventory-177.9M-57.81M86.71M-45.84M
Total Cash From Operating Activities451.77M727.77M529.11M460.36M
Capital Expenditures-194.35M-162.88M-181.01M-182.31M
Investments772k772k772k772k
Other Cashflows From Investing Activities-29.25M-8.31M3.85M4.94M
Total Cashflows From Investing Activities-867.43M-391.52M-319.5M-426.59M
Dividends Paid-160.6M-143.52M-139.21M-116.96M
Net Borrowings157.66M-176.89M104.85M-138k
Other Cashflows From Financing Activities24.03M63.75M18.57M18.57M
Total Cash From Financing Activities21.49M-256.62M-15.46M476.05M
Effect Of Exchange Rate3.88M-47.5M24.6M-8.07M
Change In Cash-390.29M32.12M218.75M501.74M
Issuance Of Stock397k37k326k593.15M