Glencore plc (LSE:GLEN) Annual Report 2021



The latest annual report of Glencore plc (GLEN) 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 - GLEN Annual Results

Amounts in USD

Total Revenue
203.75B
Gross Profit
12.38B
EBIT
9.8B
Net Tangible Assets
33.7B
Net Income
4.97B
Capital Expenditures
-3.62B

GLEN Income Statement 2021 Annual Report

As per the latest Income Statement of GLEN, the Net revenue increased by $61.413B (43%) compared to the previous period. The operating income in 2021 increased by $11.869B (574%). The net income as per the annual report was 4.97B which increased by $6.877B (361%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue203.75B142.34B
Gross Profit12.38B3.7B
Operating Income9.8B-2.07B
Income Before Tax7.38B-5.12B
Net Income4.97B-1.9B

Balance Sheet - GLEN 2021 Annual Report

Read further: GLEN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Glencore plc showed the company increased the cash on balance sheet by $1.743B (116%). The Net tangible assets of GLEN on the balance sheet were at 33.7B which is $2.526B (8%) more than previous annual report. The total stockholder equity also increased by $2.294B (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash3.24B1.5B
Total Assets127.51B 118B
Long Term Debt25.73B28.4B
Total Liabilities90.59B 83.6B
Total Shareholder Equity39.93B37.64B
Net Tangible Assets33.7B31.17B

Cash Flow Statement - GLEN 2021 Annual Report

The 2021 annual cash flow statement of Glencore plc showed that the net income increased by $6.877B (361%) compared to previous reporting period. Also the capital expenditure of GLEN decreased by $-49.00M (-1%).

As of 2021, the total cash from investing activities was -541M and total cash from financing activities was -6.52B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income4.97B-1.9B
Capital Expenditures-3.62B-3.57B
Dividends Paid-1.61B-1.61B
Total Cash From From Investing Activities-541M-2.71B
Total Cash From From Financing Activities-6.52B-320M

Glencore plc Annual Report History

Income Statement

Income Statement history of Glencore plc (LSE:GLEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue203.75B142.34B215.11B220.52B
Cost Of Revenue191.37B138.64B210.5B211.47B
Gross Profit12.38B3.7B4.61B9.06B
Research Development----
Selling General Administrative2.12B1.68B1.39B1.38B
Non Recurring----
Other Operating Expenses-67M232M232M232M
Total Operating Expenses193.95B144.41B212.66B213.88B
Operating Income9.8B-2.07B2.45B6.64B
Total Other Income Expense Net-2.43B-3.05B-3.34B-1.96B
Ebit9.8B-2.07B2.45B6.64B
Interest Expense-1.35B-1.57B-1.94B-1.74B
Income Before Tax7.38B-5.12B-888M4.68B
Income Tax Expense3.03B-1.17B618M2.06B
Minority Interest-3.01B-3.23B-1.04B-355M
Net Income From Continuing Ops4.35B-3.95B-1.51B2.62B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income4.97B-1.9B-404M3.41B
Net Income Applicable To Common Shares4.97B-1.9B-404M3.41B

Balance Sheet Statement

Balance Sheet Statement history of Glencore plc (LSE:GLEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash3.24B1.5B1.9B2.05B
Net Receivables12.89B10.85B13.31B14.54B
Inventory28.43B22.85B19.94B20.56B
Other Current Assets12.83B7.79B5.95B6.69B
Total Current Assets57.78B43.21B41.41B44.27B
Long Term Investments14.19B14.7B15.63B15.98B
Property Plant Equipment43.16B47.11B55.36B56.77B
Good Will5B5B5B5.05B
Intangible Assets1.24B1.47B2.01B1.92B
Other Assets6.15B6.51B4.68B4.69B
Deferred Long Term Asset Charges1.78B2.25B1.48B1.73B
Total Assets127.51B118B124.08B128.67B
Accounts Payable12.41B10.08B10.38B10.1B
Short Long Term Debt5.51B5.3B5.68B5.94B
Other Current Liab28.68B20.73B20.19B21.31B
Long Term Debt25.73B28.4B27.93B26.15B
Other Liab14.31B14.75B16.74B16.49B
Minority Interest-3.01B-3.23B-1.04B-355M
Total Current Liabilities49.46B39.44B39.01B40.37B
Total Liab90.59B83.6B84.84B83.29B
Common Stock146M146M146M146M
Retained Earnings7.91B2.85B4.74B5.34B
Treasury Stock-11.81B-11.15B-10.41B-8.26B
Capital Surplus43.68B45.79B45.79B48.5B
Other Stockholder Equity-5.93B-5.85B-4.97B-4.94B
Total Stockholder Equity39.93B37.64B40.27B45.74B
Net Tangible Assets33.7B31.17B33.27B38.77B

Cash Flow Statement

Cash Flow Statement history of Glencore plc (LSE:GLEN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income4.97B-1.9B-404M3.41B
Depreciation6.87B10.52B7.92B7.36B
Change To Netincome2.15B-1.95B-878M-533M
Change To Account Receivables-5.89B-385M1.21B2.73B
Change To Liabilities6.42B-436M199M-4.95B
Change To Inventory-5.66B-3.19B678M3.54B
Total Cash From Operating Activities8.86B2.66B8.73B11.56B
Capital Expenditures-3.62B-3.57B-4.71B-4.69B
Investments108M13M-6M-3M
Other Cashflows From Investing Activities2.38B1.01B942M95M
Total Cashflows From Investing Activities-541M-2.71B-3.72B-7.29B
Dividends Paid-1.61B-1.61B-2.71B-2.84B
Net Borrowings-2.49B-1.16B-300M1.49B
Other Cashflows From Financing Activities-1.17B837M175M-1.01B
Total Cash From Financing Activities-6.52B-320M-5.15B-4.33B
Effect Of Exchange Rate11M-36M-11M-33M
Change In Cash1.81B-403M-145M-101M
Repurchase Of Stock-746M-746M-2.32B-2B