Diageo plc (LSE:DGE) Annual Report 2022



The latest annual report of Diageo plc (DGE) was published on 30 Jun 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 - DGE Annual Results

Amounts in GBP

Total Revenue
15.45B
Gross Profit
9.48B
EBIT
4.81B
Net Tangible Assets
-4.1B
Net Income
3.25B
Capital Expenditures
-1.1B

DGE Income Statement 2022 Annual Report

As per the latest Income Statement of DGE, the Net revenue increased by £2.719B (21%) compared to the previous period. The operating income in 2022 increased by £1.061B (28%). The net income as per the annual report was 3.25B which increased by £589.00M (22%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 15.45B 12.73B
Gross Profit 9.48B 7.69B
Operating Income 4.81B 3.75B
Income Before Tax 4.39B 3.71B
Net Income 3.25B 2.66B

Balance Sheet - DGE 2022 Annual Report

Read further: DGE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Diageo plc showed the company reduced the cash on balance sheet by £-464.00M (-17%). The Net tangible assets of DGE on the balance sheet were at -4.1B which is £-237.00M (-6%) less than previous annual report. The total stockholder equity also increased by £901.00M (13%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 2.29B 2.75B
Total Assets 36.52B 31.95B
Long Term Debt 14.78B 12.96B
Total Liabilities 27B 23.52B
Total Shareholder Equity 7.8B 6.9B
Net Tangible Assets -4.1B -3.87B

Cash Flow Statement - DGE 2022 Annual Report

The 2022 annual cash flow statement of Diageo plc showed that the net income increased by £589.00M (22%) compared to previous reporting period. Also the capital expenditure of DGE decreased by £-471.00M (-75%).

As of 2022, the total cash from investing activities was -1.34B and total cash from financing activities was -3.26B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 3.25B 2.66B
Capital Expenditures -1.1B -626M
Dividends Paid -1.72B -1.65B
Total Cash From From Investing Activities -1.34B -1.09B
Total Cash From From Financing Activities -3.26B -2.79B

Diageo plc Annual Report History

Income Statement

Income Statement history of Diageo plc (LSE:DGE)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 15.45B 12.73B 11.75B 12.87B
Cost Of Revenue 5.97B 5.04B 4.65B 4.87B
Gross Profit 9.48B 7.69B 7.1B 8B
Research Development - - - -
Selling General Administrative 2.71B 2.16B 1.83B 2.04B
Non Recurring - - - -
Other Operating Expenses 1.96B 1.79B 1.76B 1.84B
Total Operating Expenses 10.64B 8.99B 8.25B 8.74B
Operating Income 4.81B 3.75B 3.5B 4.12B
Total Other Income Expense Net -420M -40M -1.46B 112M
Ebit 4.81B 3.75B 3.5B 4.12B
Interest Expense -837M -602M -670M -646M
Income Before Tax 4.39B 3.71B 2.04B 4.24B
Income Tax Expense 1.05B 907M 589M 898M
Minority Interest 1.72B 1.53B 1.67B 1.79B
Net Income From Continuing Ops 3.34B 2.8B 1.45B 3.34B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 3.25B 2.66B 1.41B 3.16B
Net Income Applicable To Common Shares 3.25B 2.66B 1.41B 3.16B

Balance Sheet Statement

Balance Sheet Statement history of Diageo plc (LSE:DGE)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 2.29B 2.75B 3.32B 932M
Short Term Investments 136M 46M 73M 124M
Net Receivables 2.79B 2.38B 2.14B 2.58B
Inventory 7.09B 6.04B 5.77B 5.47B
Other Current Assets 337M 71M 2M 66M
Total Current Assets 12.93B 11.45B 11.47B 9.37B
Long Term Investments 3.69B 3.46B 3.81B 3.34B
Property Plant Equipment 5.85B 4.85B 4.93B 4.46B
Good Will 2.29B 1.96B 1.91B 2.68B
Intangible Assets 9.62B 8.81B 9.39B 9.88B
Other Assets 2.14B 1.44B 1.81B 1.57B
Deferred Long Term Asset Charges 114M 100M 119M 138M
Total Assets 36.52B 31.95B 33.31B 31.3B
Accounts Payable 2.71B 2.01B 1.33B 1.69B
Short Long Term Debt 1.47B 1.65B 1.65B 979M
Other Current Liab 1.66B 1.25B 1.24B 1.44B
Long Term Debt 14.78B 12.96B 14.8B 10.61B
Other Liab 3.39B 3.14B 3.2B 3.44B
Minority Interest 1.72B 1.53B 1.67B 1.79B
Total Current Liabilities 8.44B 7.14B 6.5B 7B
Total Liab 27B 23.52B 24.87B 21.14B
Common Stock 723M 741M 742M 753M
Retained Earnings 5.39B 5.06B 4.34B 5.91B
Treasury Stock 336M -256M 336M 346M
Capital Surplus 1.35B 1.35B 1.35B 1.35B
Other Stockholder Equity 2.17B 1.62B 2.27B 2.37B
Total Stockholder Equity 7.8B 6.9B 6.77B 8.36B
Net Tangible Assets -4.1B -3.87B -4.53B -4.2B

Cash Flow Statement

Cash Flow Statement history of Diageo plc (LSE:DGE)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 3.25B 2.66B 1.41B 3.16B
Depreciation 454M 403M 1.84B 374M
Change To Netincome 373M 216M -600M -64M
Change To Account Receivables -378M -446M 523M 11M
Change To Liabilities 939M 1.22B -485M 201M
Change To Inventory -740M -443M -366M -434M
Total Cash From Operating Activities 3.94B 3.65B 2.32B 3.25B
Capital Expenditures -1.1B -626M -700M -671M
Total Cashflows From Investing Activities -1.34B -1.09B -805M -270M
Dividends Paid -1.72B -1.65B -1.65B -1.62B
Net Borrowings 821M -969M 4.08B 2.32B
Other Cashflows From Financing Activities -96M -119M -173M -896M
Total Cash From Financing Activities -3.26B -2.79B 1.04B -2.92B
Effect Of Exchange Rate 239M -285M -120M -26M
Change In Cash -426M -516M 2.43B 28M
Repurchase Of Stock -2.28B -109M -1.28B -2.77B
Issuance Of Stock 18M 49M 55M 51M