Hargreaves Lansdown plc (LSE:HL) Annual Report 2022



The latest annual report of Hargreaves Lansdown plc (HL) 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 - HL Annual Results

Amounts in GBP

Total Revenue
583M
Gross Profit
427.5M
EBIT
271M
Net Tangible Assets
536.5M
Net Income
216.3M
Capital Expenditures
-2.8M

HL Income Statement 2022 Annual Report

As per the latest Income Statement of HL, the Net revenue decreased by £-48.00M (-8%) compared to the previous period. The operating income in 2022 decreased by £-95.10M (-26%). The net income as per the annual report was 216.3M which decreased by £-80.40M (-27%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue583M631M
Gross Profit427.5M511.2M
Operating Income271M366.1M
Income Before Tax269.2M366M
Net Income216.3M296.7M

Balance Sheet - HL 2022 Annual Report

Read further: HL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Hargreaves Lansdown plc showed the company increased the cash on balance sheet by £44.50M (10%). The Net tangible assets of HL on the balance sheet were at 536.5M which is £-22.10M (-4%) less than previous annual report. The total stockholder equity also decreased by £-18.40M (-3%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash488M443.5M
Total Assets1.08B 1.38B
Long Term Debt--
Total Liabilities502.7M 791.7M
Total Shareholder Equity575.1M593.5M
Net Tangible Assets536.5M558.6M

Cash Flow Statement - HL 2022 Annual Report

The 2022 annual cash flow statement of Hargreaves Lansdown plc showed that the net income decreased by £-80.40M (-27%) compared to previous reporting period. Also the capital expenditure of HL increased by £2.60M (48%).

As of 2022, the total cash from investing activities was 26.4M and total cash from financing activities was -246.3M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income216.3M296.7M
Capital Expenditures-2.8M-5.4M
Dividends Paid-184.1M-181.1M
Total Cash From From Investing Activities26.4M151.7M
Total Cash From From Financing Activities-246.3M-270.9M

Hargreaves Lansdown plc Annual Report History

Income Statement

Income Statement history of Hargreaves Lansdown plc (LSE:HL)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Total Revenue583M631M550.9M480.5M
Cost Of Revenue155.5M119.8M101.2M97.2M
Gross Profit427.5M511.2M449.7M383.3M
Research Development----
Selling General Administrative118.1M108.4M58.2M19.5M
Non Recurring----
Other Operating Expenses23.3M21.6M41.9M52.7M
Total Operating Expenses312M264.9M214.9M179.4M
Operating Income271M366.1M336M301.1M
Total Other Income Expense Net-1.8M-100k42.3M4.7M
Ebit271M366.1M336M301.1M
Interest Expense-500k-700k-700k-700k
Income Before Tax269.2M366M378.3M305.8M
Income Tax Expense53.4M69.7M65.1M58.2M
Minority Interest-1.6M-1.1M-700k1.4M
Net Income From Continuing Ops215.8M296.3M313.2M247.6M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income216.3M296.7M313.1M247.4M
Net Income Applicable To Common Shares216.3M296.7M313.1M247.4M

Balance Sheet Statement

Balance Sheet Statement history of Hargreaves Lansdown plc (LSE:HL)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Cash488M443.5M232.8M179M
Short Term Investments20M60M230M215M
Net Receivables485.9M796.8M731.7M525M
Other Current Assets300k1.8M3.2M400k
Total Current Assets1.01B1.32B1.21B929.1M
Property Plant Equipment22.5M28.6M33.2M16M
Good Will1.3M1.3M1.3M1.3M
Intangible Assets37.3M33.6M28M23M
Other Assets1.9M3.7M3.1M3.8M
Deferred Long Term Asset Charges1.9M3.7M3.1M3.8M
Total Assets1.08B1.38B1.28B973.2M
Accounts Payable406.7M712.5M637.1M433.9M
Other Current Liab31.3M29.3M26.8M48.2M
Other Liab2.6M2.7M1.8M700k
Minority Interest-1.6M-1.1M-700k1.4M
Total Current Liabilities488.3M774M696.8M513.2M
Total Liab502.7M791.7M718.5M513.9M
Common Stock1.9M1.9M1.9M1.9M
Retained Earnings579.2M599.5M564.6M457.9M
Treasury Stock-6M-7.9M-8.2M-1.9M
Other Stockholder Equity-6M-7.9M-8.2M-1.9M
Total Stockholder Equity575.1M593.5M558.3M457.9M
Net Tangible Assets536.5M558.6M529M433.6M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Hargreaves Lansdown plc (LSE:HL)

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Net Income216.3M296.7M313.1M247.4M
Depreciation9.5M9.4M8.9M5.5M
Change To Netincome11.5M5M-60.7M11.5M
Change To Account Receivables305.8M-66M-209.6M-128.4M
Change To Liabilities-285.7M75.8M208.9M121M
Change To Operating Activities-100k2M100k100k
Total Cash From Operating Activities262.9M328.6M265.4M261.5M
Capital Expenditures-2.8M-5.4M-5.8M-7.6M
Investments40.1M169.7M-14.5M7.4M
Total Cashflows From Investing Activities26.4M151.7M7.8M-9.7M
Dividends Paid-184.1M-181.1M-164M-153.5M
Net Borrowings-3.9M-4M-4.3M-4.3M
Total Cash From Financing Activities-246.3M-270.9M-216.6M-197.8M
Change In Cash43M209.4M56.6M54M
Repurchase Of Stock-4.2M-7.7M-14.8M-15M
Issuance Of Stock2.8M4.3M5.8M7.7M