Harbour Energy plc (LSE:HBR) Annual Report 2021



The latest annual report of Harbour Energy plc (HBR) 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 - HBR Annual Results

Amounts in USD

Total Revenue
3.48B
Gross Profit
1.03B
EBIT
593.4M
Net Tangible Assets
-1.73B
Net Income
101.1M
Capital Expenditures
-643.9M

HBR Income Statement 2021 Annual Report

As per the latest Income Statement of HBR, the Net revenue increased by $1.0652B (44%) compared to the previous period. The operating income in 2021 increased by $943.70M (269%). The net income as per the annual report was 101.1M which increased by $879.50M (113%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue3.48B2.41B
Gross Profit1.03B566.4M
Operating Income593.4M-350.3M
Income Before Tax314.5M-977.7M
Net Income101.1M-778.4M

Balance Sheet - HBR 2021 Annual Report

Read further: HBR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Harbour Energy plc showed the company increased the cash on balance sheet by $253.30M (57%). The Net tangible assets of HBR on the balance sheet were at -1.73B which is $-1.3505B (-358%) less than previous annual report. The total stockholder equity also decreased by $-593.80M (-56%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash698.7M445.4M
Total Assets14.5B 9.48B
Long Term Debt2.82B2.16B
Total Liabilities14.03B 8.42B
Total Shareholder Equity473.5M1.07B
Net Tangible Assets-1.73B-376.8M

Cash Flow Statement - HBR 2021 Annual Report

The 2021 annual cash flow statement of Harbour Energy plc showed that the net income increased by $879.50M (113%) compared to previous reporting period. Also the capital expenditure of HBR decreased by $-45.80M (-8%).

As of 2021, the total cash from investing activities was -571M and total cash from financing activities was -787.2M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income101.1M-778.4M
Capital Expenditures-643.9M-598.1M
Dividends Paid--
Total Cash From From Investing Activities-571M-603.2M
Total Cash From From Financing Activities-787.2M-899.4M

Harbour Energy plc Annual Report History

Income Statement

Income Statement history of Harbour Energy plc (LSE:HBR)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue3.48B2.41B2.36B1.97B
Cost Of Revenue2.45B1.85B1.52B1.12B
Gross Profit1.03B566.4M841.29M844.74M
Research Development----
Selling General Administrative71.4M35.1M37.29M24.69M
Non Recurring----
Other Operating Expenses-61.2M63.6M48.63M44.43M
Total Operating Expenses2.89B2.76B1.62B1.21B
Operating Income593.4M-350.3M740.11M756.97M
Total Other Income Expense Net-278.9M-627.4M-284.56M-178.57M
Ebit593.4M-350.3M740.11M756.97M
Interest Expense-153.4M-137.7M-159.34M-187.75M
Income Before Tax314.5M-977.7M455.56M578.4M
Income Tax Expense213.4M-199.3M236.71M209.5M
Minority Interest----
Net Income From Continuing Ops101.1M-778.4M218.85M368.9M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income101.1M-778.4M218.85M368.9M
Net Income Applicable To Common Shares101.1M-778.4M218.85M368.9M

Balance Sheet Statement

Balance Sheet Statement history of Harbour Energy plc (LSE:HBR)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash698.7M445.4M573.18M316.31M
Net Receivables517.3M310.2M382.34M103.8M
Inventory211.4M160.5M146.88M89.79M
Other Current Assets186M312.7M225.25M314.69M
Total Current Assets2.29B1.29B1.39B936.68M
Long Term Investments8.3M6.72M9.1M-
Property Plant Equipment7.8B6.65B7.9B3.74B
Good Will1.33B990M1.4B493.08M
Intangible Assets873.7M454.1M430.53M58.93M
Other Assets2.2B94M204.83M191.51M
Deferred Long Term Asset Charges1.94B---
Total Assets14.5B9.48B11.33B5.42B
Accounts Payable120.9M108.5M116.22M22.39M
Short Long Term Debt62.3M21.5M617.36M95.57M
Other Current Liab3.27B577.5M355.88M116.91M
Long Term Debt2.82B2.16B2.21B1.71B
Other Liab6.62B5.13B5.47B2.32B
Total Current Liabilities4.1B1.04B1.6B458.51M
Total Liab14.03B8.42B9.42B4.49B
Common Stock171.1M100k71k22k
Retained Earnings74.6M-36.8M729.84M500.09M
Treasury Stock-1.28B194M269.02M201.33M
Capital Surplus1.5B910M910.02M234.8M
Other Stockholder Equity-1.28B194M269.02M201.33M
Total Stockholder Equity473.5M1.07B1.91B936.24M
Net Tangible Assets-1.73B-376.8M74.09M384.23M

Cash Flow Statement

Cash Flow Statement history of Harbour Energy plc (LSE:HBR)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income101.1M-778.4M218.85M368.9M
Depreciation1.74B2.03B917.24M639.88M
Change To Netincome376.8M170.9M393.31M369.78M
Change To Account Receivables-607.4M41.5M-6.09M32.58M
Change To Liabilities13.5M-76.3M-4.86M34.84M
Change To Inventory-13M-11.2M208k1.86M
Total Cash From Operating Activities1.61B1.37B1.52B1.45B
Capital Expenditures-643.9M-598.1M-530.28M-350.16M
Other Cashflows From Investing Activities21.5M7.4M9.45M8.62M
Total Cashflows From Investing Activities-571M-603.2M-2.78B-581.9M
Net Borrowings-530.7M-751.6M1.65B-714.6M
Other Cashflows From Financing Activities-253.4M-147.8M-143.91M-132.82M
Total Cash From Financing Activities-787.2M-899.4M1.51B-847.42M
Effect Of Exchange Rate-2.7M1.4M5.9M-1.75M
Change In Cash253.3M-127.8M256.87M16.77M
Repurchase Of Stock-3.1M-3.1M-3.1M-3.1M
Dividends Paid----