Howden Joinery Group Plc (LSE:HWDN) Annual Report 2021



The latest annual report of Howden Joinery Group Plc (HWDN) was published on 25 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 - HWDN Annual Results

Amounts in GBP

Total Revenue
2.09B
Gross Profit
1.29B
EBIT
401.3M
Net Tangible Assets
968.9M
Net Income
314.5M
Capital Expenditures
-85.9M

HWDN Income Statement 2021 Annual Report

As per the latest Income Statement of HWDN, the Net revenue increased by £546.20M (35%) compared to the previous period. The operating income in 2021 increased by £206.20M (106%). The net income as per the annual report was 314.5M which increased by £166.90M (113%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.09B1.55B
Gross Profit1.29B930M
Operating Income401.3M195.1M
Income Before Tax390.3M185.3M
Net Income314.5M147.6M

Balance Sheet - HWDN 2021 Annual Report

Read further: HWDN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Howden Joinery Group Plc showed the company increased the cash on balance sheet by £84.60M (20%). The Net tangible assets of HWDN on the balance sheet were at 968.9M which is £272.40M (39%) more than previous annual report. The total stockholder equity also increased by £270.70M (38%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash515.3M430.7M
Total Assets2.05B 1.69B
Long Term Debt--
Total Liabilities1.06B 966.4M
Total Shareholder Equity991.5M720.8M
Net Tangible Assets968.9M696.5M

Cash Flow Statement - HWDN 2021 Annual Report

The 2021 annual cash flow statement of Howden Joinery Group Plc showed that the net income increased by £166.90M (113%) compared to previous reporting period. Also the capital expenditure of HWDN decreased by £-16.20M (-23%).

As of 2021, the total cash from investing activities was -85.8M and total cash from financing activities was -267M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income314.5M147.6M
Capital Expenditures-85.9M-69.7M
Dividends Paid-79.5M-79.5M
Total Cash From From Investing Activities-85.8M-69.1M
Total Cash From From Financing Activities-267M-97.1M

Howden Joinery Group Plc Annual Report History

Income Statement

Income Statement history of Howden Joinery Group Plc (LSE:HWDN)

25 Dec 202126 Dec 202028 Dec 201929 Dec 2018
Total Revenue2.09B1.55B1.58B1.51B
Cost Of Revenue804.7M617.5M597.4M579.1M
Gross Profit1.29B930M986.2M932.2M
Research Development----
Selling General Administrative887.7M734.9M726.6M694.4M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses1.69B1.35B1.32B1.27B
Operating Income401.3M195.1M259.6M237.8M
Total Other Income Expense Net-11M-9.8M1.1M1.4M
Ebit401.3M195.1M259.6M237.8M
Interest Expense-11M-10.4M-10.4M-10.4M
Income Before Tax390.3M185.3M260.7M238.5M
Income Tax Expense75.8M37.7M51.7M48.1M
Minority Interest----
Net Income From Continuing Ops314.5M147.6M209M190.4M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income314.5M147.6M209M190.4M
Net Income Applicable To Common Shares314.5M147.6M209M190.4M

Balance Sheet Statement

Balance Sheet Statement history of Howden Joinery Group Plc (LSE:HWDN)

25 Dec 202126 Dec 202028 Dec 201929 Dec 2018
Cash515.3M430.7M267.4M231.3M
Net Receivables171.5M137.6M151M148.6M
Inventory301.6M255M231.8M226.3M
Total Current Assets1.02B852.3M692.3M643.6M
Property Plant Equipment851.6M793M212.4M187.1M
Intangible Assets22.6M24.3M24.9M23.1M
Other Assets154.5M17.6M14.4M11.2M
Deferred Long Term Asset Charges13.4M17M13.5M11.2M
Total Assets2.05B1.69B944M865M
Accounts Payable178.8M161M96.4M95.6M
Other Current Liab52.2M39.3M31.6M32.1M
Other Liab58.1M63.3M67.1M44.8M
Total Current Liabilities468.1M392.6M261.7M253.1M
Total Liab1.06B966.4M328.8M297.9M
Common Stock59.8M60.3M60.5M61.5M
Retained Earnings860M599.8M498.1M459.8M
Treasury Stock-15.8M-26.8M-30.9M-41.7M
Capital Surplus87.5M87.5M87.5M87.5M
Other Stockholder Equity11.3M1.4M-1.6M-8.8M
Total Stockholder Equity991.5M720.8M615.2M567.1M
Net Tangible Assets968.9M696.5M590.3M544M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Howden Joinery Group Plc (LSE:HWDN)

25 Dec 202126 Dec 202028 Dec 201929 Dec 2018
Net Income314.5M147.6M209M190.4M
Depreciation106.3M108.2M28M25.8M
Change To Netincome27.7M19.8M11.1M8.6M
Change To Account Receivables-39.2M2.3M-7.1M-48.2M
Change To Liabilities84.1M91.2M6.3M16.5M
Change To Inventory-46.6M-23.2M-5.5M-18M
Change To Operating Activities-18.5M-22.2M-26.9M-16.3M
Total Cash From Operating Activities437.4M329.5M221.4M163.2M
Capital Expenditures-85.9M-69.7M-61.1M-44.3M
Total Cashflows From Investing Activities-85.8M-69.1M-59.7M-43.5M
Dividends Paid-79.5M-79.5M-70.6M-68.3M
Net Borrowings-74.8M-77.2M-77.2M-77.2M
Other Cashflows From Financing Activities-10.8M-10.4M-900k100k
Total Cash From Financing Activities-267M-97.1M-125.6M-129.5M
Change In Cash84.6M163.3M36.1M-9.8M
Repurchase Of Stock-50M-9.8M-55.2M-62.2M
Issuance Of Stock2.2M300k1.1M900k