Fresnillo plc (LSE:FRES) Annual Report 2022

The latest annual report of Fresnillo plc (FRES) was published on 31 Dec 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 - FRES Annual Results

Amounts in USD

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

FRES Income Statement 2022 Annual Report

As per the latest Income Statement of FRES, the Net revenue decreased by $-270.11M (-10%) compared to the previous period. The operating income in 2022 decreased by $-355.44M (-54%). The net income as per the annual report was 271.9M which decreased by $-149.31M (-35%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.43B 2.7B
Gross Profit 538.72M 941.62M
Operating Income 305.4M 660.84M
Income Before Tax 248.57M 611.53M
Net Income 271.9M 421.21M

Balance Sheet - FRES 2022 Annual Report

Read further: FRES Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Fresnillo plc showed the company reduced the cash on balance sheet by $-266.22M (-22%). The Net tangible assets of FRES on the balance sheet were at 3.69B which is $67.61M (2%) more than previous annual report. The total stockholder equity also increased by $67.61M (2%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 969.06M 1.24B
Total Assets 5.91B 5.77B
Long Term Debt 936.53M 1.16B
Total Liabilities 2B 1.96B
Total Shareholder Equity 3.69B 3.62B
Net Tangible Assets 3.69B 3.62B

Cash Flow Statement - FRES 2022 Annual Report

The 2022 annual cash flow statement of Fresnillo plc showed that the net income decreased by $-149.31M (-35%) compared to previous reporting period. Also the capital expenditure of FRES decreased by $-77000 (0%).

As of 2022, the total cash from investing activities was -514.18M and total cash from financing activities was -254.11M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 271.9M 421.21M
Capital Expenditures -592.13M -592.05M
Dividends Paid -201.95M -245.56M
Total Cash From From Investing Activities -514.18M -501.56M
Total Cash From From Financing Activities -254.11M -227.32M

Fresnillo plc Annual Report History

Income Statement

Income Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 2.43B 2.7B 2.43B 2.12B
Cost Of Revenue 1.89B 1.76B 1.53B 1.66B
Gross Profit 538.72M 941.62M 903.27M 461.71M
Research Development - - - -
Selling General Administrative 120.34M 129.04M 117.97M 120.42M
Non Recurring - - - -
Other Operating Expenses -52.21M 21.93M -55.89M -38.9M
Total Operating Expenses 2.13B 2.04B 1.7B 1.9B
Operating Income 305.4M 660.84M 734.32M 223.41M
Total Other Income Expense Net -56.83M -49.3M -183.06M -44.66M
Ebit 305.4M 660.84M 734.32M 223.41M
Interest Expense -63.63M -49.39M -69.08M -58.13M
Income Before Tax 248.57M 611.53M 551.25M 178.75M
Income Tax Expense -59.72M 173.04M 175.67M -27.06M
Minority Interest 231.21M 184.55M 135.56M 134.06M
Net Income From Continuing Ops 308.29M 438.5M 375.58M 205.81M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 271.9M 421.21M 374.12M 204M
Net Income Applicable To Common Shares 271.9M 421.21M 374.12M 204M

Balance Sheet Statement

Balance Sheet Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 969.06M 1.24B 1.07B 336.58M
Net Receivables 404.5M 401.42M 512.93M 494.77M
Inventory 495.74M 396.18M 351.59M 272.12M
Other Current Assets 36.45M 35.25M 47.73M 43.52M
Total Current Assets 1.94B 2.09B 2B 1.15B
Long Term Investments 158.81M 164.53M 212.58M 123.02M
Property Plant Equipment 2.86B 2.8B 2.71B 2.81B
Other Assets 952.72M 715.45M 750.42M 747.72M
Deferred Long Term Asset Charges 343.69M 67.3M 120.68M 110.77M
Total Assets 5.91B 5.77B 5.67B 4.83B
Accounts Payable 140.72M 130.49M 87.01M 107.63M
Short Long Term Debt 317.88M - - -
Other Current Liab 90.77M 141.68M 92.03M 12.06M
Long Term Debt 936.53M 1.16B 1.16B 801.24M
Other Liab 362.96M 332.21M 552.38M 563.11M
Minority Interest 231.21M 184.55M 135.56M 134.06M
Total Current Liabilities 687.93M 468.9M 340.71M 180.08M
Total Liab 2B 1.96B 2.06B 1.55B
Common Stock 368.55M 368.55M 368.55M 368.55M
Retained Earnings 2.61B 2.54B 2.36B 2.09B
Treasury Stock -449.1M -447.33M -406.59M -471.37M
Capital Surplus 1.15B 1.15B 1.15B 1.15B
Other Stockholder Equity -449.1M -447.33M -406.59M -471.37M
Total Stockholder Equity 3.69B 3.62B 3.48B 3.14B
Net Tangible Assets 3.69B 3.62B 3.48B 3.14B

Cash Flow Statement

Cash Flow Statement history of Fresnillo plc (LSE:FRES)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 271.9M 421.21M 374.12M 204M
Depreciation 501.77M 529.39M 515.91M 490.68M
Change To Netincome -205.34M -113.46M 157.42M -202.14M
Change To Account Receivables 7.2M 85.58M -61.56M -39.26M
Change To Liabilities 40.28M 19.25M 10.93M 14.63M
Change To Inventory -99.56M -44.6M -79.47M -28.72M
Change To Operating Activities -14.06M -2.23M 331k -3.28M
Total Cash From Operating Activities 502.19M 895.14M 917.68M 435.91M
Capital Expenditures -592.13M -592.05M -412.33M -559.26M
Other Cashflows From Investing Activities 76.59M 84.44M 45.96M 48.48M
Total Cashflows From Investing Activities -514.18M -501.56M -366.1M -509.48M
Dividends Paid -201.95M -245.56M -104.69M -142.18M
Net Borrowings -6.99M 35.69M 343.26M -4.68M
Other Cashflows From Financing Activities -45.16M -17.45M -59.84M -3.81M
Total Cash From Financing Activities -254.11M -227.32M 178.73M -150.67M
Effect Of Exchange Rate -117k -1.39M 3.52M 31k
Change In Cash -266.22M 164.87M 733.84M -224.21M