Intermediate Capital Group plc (LSE:ICP) Annual Report 2022

The latest annual report of Intermediate Capital Group plc (ICP) was published on 31 Mar 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 - ICP Annual Results

^{Amounts in GBP}

Total Revenue

934.7M

Gross Profit

934.7M

EBIT

Net Tangible Assets

1.93B

Net Income

526.8M

Capital Expenditures

-3.5M

ICP Income Statement 2022 Annual Report

As per the latest Income Statement of ICP, the Net revenue increased by £159.00M (20%) compared to the previous period. The operating income in 2022 increased by £56.60M (11%). The net income as per the annual report was 526.8M which increased by £69.70M (15%) compared to previous year.

Income Statement Report (2022/2021)

	2022	2021
Total Revenue	934.7M	775.7M
Gross Profit	934.7M	775.7M
Operating Income	565.9M	509.3M
Income Before Tax	556.2M	509.5M
Net Income	526.8M	457.1M

Balance Sheet - ICP 2022 Annual Report

Read further: ICP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Intermediate Capital Group plc showed the company increased the cash on balance sheet by £410.60M (71%). The Net tangible assets of ICP on the balance sheet were at 1.93B which is £333.90M (21%) more than previous annual report. The total stockholder equity also increased by £329.50M (20%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

	2022	2021
Cash	991.8M	581.2M
Total Assets	8.87B	7.46B
Long Term Debt	1.46B	1.24B
Total Liabilities	6.87B	5.84B
Total Shareholder Equity	1.95B	1.62B
Net Tangible Assets	1.93B	1.6B

Cash Flow Statement - ICP 2022 Annual Report

The 2022 annual cash flow statement of Intermediate Capital Group plc showed that the net income increased by £69.70M (15%) compared to previous reporting period. Also the capital expenditure of ICP increased by £3.40M (49%).

As of 2022, the total cash from investing activities was 45.5M and total cash from financing activities was 111.3M.

Cash Flow Statement Report (2022/2021)

	2022	2021
Net Income	526.8M	457.1M
Capital Expenditures	-3.5M	-6.9M
Dividends Paid	-165.7M	-150.9M
Total Cash From From Investing Activities	45.5M	64.7M
Total Cash From From Financing Activities	111.3M	-653.3M

Intermediate Capital Group plc Annual Report History

Income Statement

Income Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Total Revenue	934.7M	775.7M	360M	414.3M
Cost Of Revenue	-	-	-	-
Gross Profit	934.7M	775.7M	360M	414.3M
Research Development	-	-	-	-
Selling General Administrative	345M	247.6M	231.1M	227.9M
Non Recurring	-	-	-	-
Other Operating Expenses	5.7M	3.3M	40.7M	17.7M
Total Operating Expenses	368.8M	266.4M	282.1M	245.6M
Operating Income	565.9M	509.3M	77.9M	168.7M
Total Other Income Expense Net	-9.7M	200k	36.6M	14.2M
Ebit	-	-	-	-
Interest Expense	-	-	-	-
Income Before Tax	556.2M	509.5M	114.5M	182.9M
Income Tax Expense	31.1M	48.5M	3.9M	-1.6M
Minority Interest	55.1M	5M	1.5M	10.9M
Net Income From Continuing Ops	525.1M	461M	110.6M	184.5M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	526.8M	457.1M	108.9M	180.1M
Net Income Applicable To Common Shares	526.8M	457.1M	108.9M	180.1M

Balance Sheet Statement

Balance Sheet Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Cash	991.8M	581.2M	1.09B	354M
Net Receivables	312.2M	211M	195.6M	230.6M
Other Current Assets	259.5M	66M	12.4M	112M
Total Current Assets	1.7B	967.7M	1.42B	748.2M
Long Term Investments	6.98B	6.33B	5.52B	5.73B
Property Plant Equipment	60.4M	67M	13.4M	12.6M
Good Will	4.3M	4.3M	4.3M	4.3M
Intangible Assets	12.8M	17.2M	22.4M	11.1M
Other Assets	117.6M	73.4M	35.8M	12.8M
Deferred Long Term Asset Charges	25M	8.8M	3.2M	12.8M
Total Assets	8.87B	7.46B	7.02B	6.52B
Accounts Payable	432.1M	426M	284.8M	2.3M
Short Long Term Debt	354.5M	180.7M	318.5M	14.1M
Other Current Liab	111.7M	8.8M	7.3M	281.2M
Long Term Debt	1.46B	1.24B	1.71B	1.23B
Other Liab	4.46B	3.93B	3.38B	3.45B
Minority Interest	55.1M	5M	1.5M	10.9M
Total Current Liabilities	907.1M	620.5M	615M	444.6M
Total Liab	6.87B	5.84B	5.71B	5.12B
Common Stock	77.3M	77.2M	77.2M	77.2M
Retained Earnings	1.69B	1.36B	1.08B	1.13B
Treasury Stock	200k	-2.9M	-28.3M	-3.5M
Capital Surplus	180.3M	180.2M	179.9M	179.5M
Other Stockholder Equity	93.2M	79.3M	86.1M	89.3M
Total Stockholder Equity	1.95B	1.62B	1.31B	1.38B
Net Tangible Assets	1.93B	1.6B	1.28B	1.37B

Cash Flow Statement

Cash Flow Statement history of Intermediate Capital Group plc (LSE:ICP)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Net Income	526.8M	457.1M	108.9M	180.1M
Depreciation	12M	10.1M	6.5M	5.9M
Change To Netincome	-241.6M	-413.5M	158.4M	-214.1M
Change To Liabilities	-27.4M	87.2M	-8.4M	-
Change To Operating Activities	-32.5M	-35.4M	-35.4M	-35.4M
Total Cash From Operating Activities	243.4M	111M	300.9M	-28.1M
Capital Expenditures	-3.5M	-6.9M	-4M	-5.2M
Other Cashflows From Investing Activities	22.4M	40.6M	-26.9M	-26.9M
Total Cashflows From Investing Activities	45.5M	64.7M	-74M	7.7M
Dividends Paid	-165.7M	-150.9M	-142.8M	-88.3M
Net Borrowings	297.9M	-502.4M	654.3M	185.9M
Total Cash From Financing Activities	111.3M	-653.3M	471.2M	-133.1M
Effect Of Exchange Rate	10.4M	-28.1M	34.8M	-13.2M
Change In Cash	410.6M	-505.7M	732.9M	-166.7M
Repurchase Of Stock	-20.9M	-20.9M	-40.3M	-49.3M