Hargreaves Lansdown plc (LSE:HL) Annual Report 2021



The latest annual report of Hargreaves Lansdown plc (HL) was published on 30 Jun 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 - HL Annual Results

Amounts in GBP

Total Revenue
631M
Gross Profit
511.2M
EBIT
366.1M
Net Tangible Assets
558.6M
Net Income
296.7M
Capital Expenditures
-5.4M

HL Income Statement 2021 Annual Report

As per the latest Income Statement of HL, the Net revenue increased by £80.10M (15%) compared to the previous period. The operating income in 2021 increased by £30.10M (9%). The net income as per the annual report was 296.7M which decreased by £-16.40M (-5%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue631M550.9M
Gross Profit511.2M449.7M
Operating Income366.1M336M
Income Before Tax366M378.3M
Net Income296.7M313.1M

Balance Sheet - HL 2021 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 £209.40M (89%). The Net tangible assets of HL on the balance sheet were at 558.6M which is £29.60M (6%) more than previous annual report. The total stockholder equity also increased by £35.20M (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash445.3M235.9M
Total Assets1.38B 1.28B
Long Term Debt--
Total Liabilities791.7M 718.5M
Total Shareholder Equity593.5M558.3M
Net Tangible Assets558.6M529M

Cash Flow Statement - HL 2021 Annual Report

The 2021 annual cash flow statement of Hargreaves Lansdown plc showed that the net income decreased by £-16.40M (-5%) compared to previous reporting period. Also the capital expenditure of HL increased by £400000 (7%).

As of 2021, the total cash from investing activities was 151.7M and total cash from financing activities was -270.9M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income296.7M313.1M
Capital Expenditures-5.4M-5.8M
Dividends Paid-181.1M-164M
Total Cash From From Investing Activities151.7M7.8M
Total Cash From From Financing Activities-270.9M-216.6M

Hargreaves Lansdown plc Annual Report History

Income Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue631M550.9M480.5M447.5M
Cost Of Revenue119.8M101.2M97.2M87.4M
Gross Profit511.2M449.7M383.3M360.1M
Research Development----
Selling General Administrative91.7M58.2M19.5M22.5M
Non Recurring----
Other Operating Expenses38.3M41.9M52.7M41M
Total Operating Expenses264.9M214.9M179.4M158.7M
Operating Income366.1M336M301.1M288.8M
Total Other Income Expense Net-100k42.3M4.7M3.6M
Ebit366.1M336M301.1M288.8M
Interest Expense-700k-700k-700k-700k
Income Before Tax366M378.3M305.8M292.4M
Income Tax Expense69.7M65.1M58.2M55.7M
Minority Interest-1.1M-700k1.4M1.2M
Net Income From Continuing Ops296.3M313.2M247.6M236.7M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income296.7M313.1M247.4M236.3M
Net Income Applicable To Common Shares296.7M313.1M247.4M236.3M

Balance Sheet Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash445.3M235.9M179.3M125.3M
Short Term Investments60M230M215M222M
Net Receivables796.8M731.7M525M398.5M
Total Current Assets1.32B1.21B929.1M754.2M
Property Plant Equipment28.6M33.2M16M13.8M
Good Will1.3M1.3M1.3M1.3M
Intangible Assets33.6M28M23M18.1M
Other Assets3.7M3.1M3.8M4.1M
Deferred Long Term Asset Charges3.7M3.1M3.8M4.1M
Total Assets1.38B1.28B973.2M791.5M
Accounts Payable712.5M637.1M433.9M327.4M
Other Current Liab29.3M26.8M48.2M35.9M
Other Liab2.7M1.8M700k700k
Minority Interest-1.1M-700k1.4M1.2M
Total Current Liabilities774M696.8M513.2M385.6M
Total Liab791.7M718.5M513.9M386.3M
Common Stock1.9M1.9M1.9M1.9M
Retained Earnings599.5M564.6M457.9M399.4M
Treasury Stock-7.9M-8.2M-1.9M2.7M
Other Stockholder Equity-7.9M-8.2M-1.9M2.7M
Total Stockholder Equity593.5M558.3M457.9M404M
Net Tangible Assets558.6M529M433.6M384.6M
Long Term Debt----

Cash Flow Statement

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

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income296.7M313.1M247.4M236.3M
Depreciation9.4M8.9M5.5M4.5M
Change To Netincome7M-60.7M11.5M3.9M
Change To Account Receivables-66M-209.6M-128.4M43.7M
Change To Liabilities75.8M208.9M121M-46.9M
Total Cash From Operating Activities328.6M265.4M261.5M244.8M
Capital Expenditures-5.4M-5.8M-7.6M-6.5M
Investments169.7M-14.5M7.4M-39.4M
Total Cashflows From Investing Activities151.7M7.8M-9.7M-55.5M
Dividends Paid-181.1M-164M-153.5M-144.5M
Net Borrowings-4M-4.3M-4.3M-4.3M
Total Cash From Financing Activities-270.9M-216.6M-197.8M-145.4M
Change In Cash209.4M56.6M54M43.9M
Repurchase Of Stock-7.7M-14.8M-15M-8.6M
Issuance Of Stock4.3M5.8M7.7M7.7M