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)

2021 2020
Total Revenue 203.75B 142.34B
Gross Profit 12.38B 3.7B
Operating Income 9.8B -2.07B
Income Before Tax 7.38B -5.12B
Net Income 4.97B -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)

2021 2020
Cash 3.24B 1.5B
Total Assets 127.51B 118B
Long Term Debt 25.73B 28.4B
Total Liabilities 90.59B 83.6B
Total Shareholder Equity 39.93B 37.64B
Net Tangible Assets 33.7B 31.17B

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)

2021 2020
Net Income 4.97B -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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 203.75B 142.34B 215.11B 220.52B
Cost Of Revenue 191.37B 138.64B 210.5B 211.47B
Gross Profit 12.38B 3.7B 4.61B 9.06B
Research Development - - - -
Selling General Administrative 2.12B 1.68B 1.39B 1.38B
Non Recurring - - - -
Other Operating Expenses -67M 232M 232M 232M
Total Operating Expenses 193.95B 144.41B 212.66B 213.88B
Operating Income 9.8B -2.07B 2.45B 6.64B
Total Other Income Expense Net -2.43B -3.05B -3.34B -1.96B
Ebit 9.8B -2.07B 2.45B 6.64B
Interest Expense -1.35B -1.57B -1.94B -1.74B
Income Before Tax 7.38B -5.12B -888M 4.68B
Income Tax Expense 3.03B -1.17B 618M 2.06B
Minority Interest -3.01B -3.23B -1.04B -355M
Net Income From Continuing Ops 4.35B -3.95B -1.51B 2.62B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 4.97B -1.9B -404M 3.41B
Net Income Applicable To Common Shares 4.97B -1.9B -404M 3.41B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 3.24B 1.5B 1.9B 2.05B
Net Receivables 12.89B 10.85B 13.31B 14.54B
Inventory 28.43B 22.85B 19.94B 20.56B
Other Current Assets 12.83B 7.79B 5.95B 6.69B
Total Current Assets 57.78B 43.21B 41.41B 44.27B
Long Term Investments 14.19B 14.7B 15.63B 15.98B
Property Plant Equipment 43.16B 47.11B 55.36B 56.77B
Good Will 5B 5B 5B 5.05B
Intangible Assets 1.24B 1.47B 2.01B 1.92B
Other Assets 6.15B 6.51B 4.68B 4.69B
Deferred Long Term Asset Charges 1.78B 2.25B 1.48B 1.73B
Total Assets 127.51B 118B 124.08B 128.67B
Accounts Payable 12.41B 10.08B 10.38B 10.1B
Short Long Term Debt 5.51B 5.3B 5.68B 5.94B
Other Current Liab 28.68B 20.73B 20.19B 21.31B
Long Term Debt 25.73B 28.4B 27.93B 26.15B
Other Liab 14.31B 14.75B 16.74B 16.49B
Minority Interest -3.01B -3.23B -1.04B -355M
Total Current Liabilities 49.46B 39.44B 39.01B 40.37B
Total Liab 90.59B 83.6B 84.84B 83.29B
Common Stock 146M 146M 146M 146M
Retained Earnings 7.91B 2.85B 4.74B 5.34B
Treasury Stock -11.81B -11.15B -10.41B -8.26B
Capital Surplus 43.68B 45.79B 45.79B 48.5B
Other Stockholder Equity -5.93B -5.85B -4.97B -4.94B
Total Stockholder Equity 39.93B 37.64B 40.27B 45.74B
Net Tangible Assets 33.7B 31.17B 33.27B 38.77B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 4.97B -1.9B -404M 3.41B
Depreciation 6.87B 10.52B 7.92B 7.36B
Change To Netincome 2.15B -1.95B -878M -533M
Change To Account Receivables -5.89B -385M 1.21B 2.73B
Change To Liabilities 6.42B -436M 199M -4.95B
Change To Inventory -5.66B -3.19B 678M 3.54B
Total Cash From Operating Activities 8.86B 2.66B 8.73B 11.56B
Capital Expenditures -3.62B -3.57B -4.71B -4.69B
Investments 108M 13M -6M -3M
Other Cashflows From Investing Activities 2.38B 1.01B 942M 95M
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 -300M 1.49B
Other Cashflows From Financing Activities -1.17B 837M 175M -1.01B
Total Cash From Financing Activities -6.52B -320M -5.15B -4.33B
Effect Of Exchange Rate 11M -36M -11M -33M
Change In Cash 1.81B -403M -145M -101M
Repurchase Of Stock -746M -746M -2.32B -2B