ITV plc (LSE:ITV) Annual Report 2021



The latest annual report of ITV plc (ITV) 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 - ITV Annual Results

Amounts in GBP

Total Revenue
3.45B
Gross Profit
855M
EBIT
715M
Net Tangible Assets
-8M
Net Income
378M
Capital Expenditures
-22M

ITV Income Statement 2021 Annual Report

As per the latest Income Statement of ITV, the Net revenue increased by £672.00M (24%) compared to the previous period. The operating income in 2021 increased by £243.00M (51%). The net income as per the annual report was 378M which increased by £93.00M (33%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue3.45B2.78B
Gross Profit855M622M
Operating Income715M472M
Income Before Tax480M325M
Net Income378M285M

Balance Sheet - ITV 2021 Annual Report

Read further: ITV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of ITV plc showed the company increased the cash on balance sheet by £68.00M (11%). The Net tangible assets of ITV on the balance sheet were at -8M which is £421.00M (98%) more than previous annual report. The total stockholder equity also increased by £358.00M (32%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash686M618M
Total Assets4.24B 3.95B
Long Term Debt768M1.1B
Total Liabilities2.72B 2.8B
Total Shareholder Equity1.48B1.12B
Net Tangible Assets-8M-429M

Cash Flow Statement - ITV 2021 Annual Report

The 2021 annual cash flow statement of ITV plc showed that the net income increased by £93.00M (33%) compared to previous reporting period. Also the capital expenditure of ITV increased by £13.00M (37%).

As of 2021, the total cash from investing activities was -65M and total cash from financing activities was -35M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income378M285M
Capital Expenditures-22M-35M
Dividends Paid--
Total Cash From From Investing Activities-65M-72M
Total Cash From From Financing Activities-35M-28M

ITV plc Annual Report History

Income Statement

Income Statement history of ITV plc (LSE:ITV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue3.45B2.78B3.31B3.21B
Cost Of Revenue2.6B2.16B2.56B2.4B
Gross Profit855M622M749.8M812.5M
Research Development----
Selling General Administrative12M6M1.8M1.5M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses2.74B2.31B2.69B2.52B
Operating Income715M472M618M691M
Total Other Income Expense Net-235M-147M-88M-124M
Ebit715M472M618M691M
Interest Expense-26M-27M-31M-30M
Income Before Tax480M325M530M567M
Income Tax Expense92M44M52M97M
Minority Interest38M29M30M34M
Net Income From Continuing Ops388M281M478M470M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income378M285M473M466M
Net Income Applicable To Common Shares378M285M473M466M

Balance Sheet Statement

Balance Sheet Statement history of ITV plc (LSE:ITV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash686M618M246M95M
Net Receivables1.16B870M884M865M
Other Current Assets366M364M329M385M
Total Current Assets2.26B1.9B1.51B1.39B
Long Term Investments98M77M52M77M
Property Plant Equipment254M285M269M191M
Good Will1.24B1.24B1.24B1.25B
Intangible Assets249M310M359M379M
Other Assets142M139M137M120M
Deferred Long Term Asset Charges37M34M47M38M
Total Assets4.24B3.95B3.57B3.41B
Accounts Payable109M108M127M111M
Short Long Term Debt281M---
Other Current Liab651M672M696M671M
Long Term Debt768M1.1B1.05B993M
Other Liab201M214M251M305M
Minority Interest38M29M30M34M
Total Current Liabilities1.68B1.4B1.32B1.26B
Total Liab2.72B2.8B2.69B2.56B
Common Stock403M403M403M403M
Retained Earnings634M296M1M-33M
Treasury Stock269M249M270M271M
Capital Surplus174M174M174M174M
Other Stockholder Equity269M249M270M271M
Total Stockholder Equity1.48B1.12B848M815M
Net Tangible Assets-8M-429M-754M-814M

Cash Flow Statement

Cash Flow Statement history of ITV plc (LSE:ITV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income378M285M473M466M
Depreciation115M123M115M109M
Change To Netincome-202M-41M-72M-69M
Change To Account Receivables-270M2M-37M-103M
Change To Liabilities135M119M-8M-4M
Change To Operating Activities-6M16M-18M14M
Total Cash From Operating Activities171M525M468M424M
Capital Expenditures-22M-35M-30M-56M
Investments-19M-18M-18M-13M
Other Cashflows From Investing Activities-1M3M-3M-15M
Total Cashflows From Investing Activities-65M-72M46M-93M
Net Borrowings-23M-24M6M-22M
Other Cashflows From Financing Activities-12M-3M-43M-18M
Total Cash From Financing Activities-35M-28M-361M-360M
Effect Of Exchange Rate-3M-3M-2M-2M
Change In Cash68M422M151M-31M
Dividends Paid---320M-315M