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)

2022 2021
Total Revenue 17.73B 13.41B
Gross Profit 2.04B 1.82B
Operating Income 497.65M 458.98M
Income Before Tax 405.74M 365.08M
Net Income 312.37M 292.62M

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)

2022 2021
Cash 1.39B 1.79B
Total Assets 9.56B 8.03B
Long Term Debt 1.94B 1.55B
Total Liabilities 6.59B 5.33B
Total Shareholder Equity 2.91B 2.65B
Net Tangible Assets 270.74M 440.7M

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)

2022 2021
Net Income 312.37M 292.62M
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 Activities 21.49M -256.62M

DCC plc Annual Report History

Income Statement

Income Statement history of DCC plc (LSE:DCC)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 17.73B 13.41B 14.76B 15.23B
Cost Of Revenue 15.69B 11.59B 13.02B 13.59B
Gross Profit 2.04B 1.82B 1.74B 1.64B
Research Development - - - -
Selling General Administrative 1.48B 1.31B 1.27B 1.2B
Non Recurring - - - -
Other Operating Expenses -33.24M -26.86M -26M -30.27M
Total Operating Expenses 17.23B 12.95B 14.33B 14.83B
Operating Income 497.65M 458.98M 426.67M 394.94M
Total Other Income Expense Net -91.91M -93.9M -115.19M -67.51M
Ebit 497.65M 458.98M 426.67M 394.94M
Interest Expense -41.95M -46.67M -50.38M -44.65M
Income Before Tax 405.74M 365.08M 311.49M 327.43M
Income Tax Expense 79.73M 62.28M 57.34M 56.3M
Minority Interest 65.38M 58.21M 54.77M 42.82M
Net Income From Continuing Ops 326M 302.8M 254.15M 271.13M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 312.37M 292.62M 245.51M 262.59M
Net Income Applicable To Common Shares 312.37M 292.62M 245.51M 262.59M

Balance Sheet Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 1.39B 1.79B 1.79B 1.55B
Net Receivables 2.19B 1.55B 1.51B 1.39B
Inventory 1.13B 685.95M 631M 678.01M
Other Current Assets 107.36M 23.26M 22.23M 5.5M
Total Current Assets 5.14B 4.2B 4.11B 3.82B
Long Term Investments 139.31M 148.1M 260.45M 167.75M
Property Plant Equipment 1.58B 1.45B 1.39B 996.54M
Good Will 1.77B 1.53B 1.47B 1.45B
Intangible Assets 868.49M 679.14M 659.74M 624.41M
Other Assets 60.61M 31.41M 35.41M 26.18M
Deferred Long Term Asset Charges 54.49M 30.71M 35.36M 26.14M
Total Assets 9.56B 8.03B 7.92B 7.08B
Accounts Payable 2.4B 1.85B 1.67B 1.66B
Short Long Term Debt 96.3M 159.84M 94.08M 252.07M
Other Current Liab 1.04B 742.52M 638.91M 552.01M
Long Term Debt 1.94B 1.55B 1.86B 1.44B
Other Liab 609.25M 517.61M 514.56M 516.36M
Minority Interest 65.38M 58.21M 54.77M 42.82M
Total Current Liabilities 3.76B 3B 2.75B 2.68B
Total Liab 6.59B 5.33B 5.38B 4.64B
Common Stock 17.42M 17.42M 17.42M 17.42M
Retained Earnings 1.78B 1.63B 1.48B 1.37B
Treasury Stock 221.41M 115.29M 104.1M 122.47M
Capital Surplus 883.32M 882.92M 882.89M 882.56M
Other Stockholder Equity 221.41M 115.29M 104.1M 122.47M
Total Stockholder Equity 2.91B 2.65B 2.49B 2.39B
Net Tangible Assets 270.74M 440.7M 359.8M 321.15M

Cash Flow Statement

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 312.37M 292.62M 245.51M 262.59M
Depreciation 290.12M 259.47M 238.87M 172.94M
Change To Netincome 18M -1.99M -4.46M -12.64M
Change To Account Receivables -614.26M -49.6M -54.02M 23.14M
Change To Liabilities 623.43M 285.09M 16.5M 60.17M
Change To Inventory -177.9M -57.81M 86.71M -45.84M
Total Cash From Operating Activities 451.77M 727.77M 529.11M 460.36M
Capital Expenditures -194.35M -162.88M -181.01M -182.31M
Investments 772k 772k 772k 772k
Other Cashflows From Investing Activities -29.25M -8.31M 3.85M 4.94M
Total Cashflows From Investing Activities -867.43M -391.52M -319.5M -426.59M
Dividends Paid -160.6M -143.52M -139.21M -116.96M
Net Borrowings 157.66M -176.89M 104.85M -138k
Other Cashflows From Financing Activities 24.03M 63.75M 18.57M 18.57M
Total Cash From Financing Activities 21.49M -256.62M -15.46M 476.05M
Effect Of Exchange Rate 3.88M -47.5M 24.6M -8.07M
Change In Cash -390.29M 32.12M 218.75M 501.74M
Issuance Of Stock 397k 37k 326k 593.15M