JD Sports Fashion plc (LSE:JD) Annual Report 2021

The latest annual report of JD Sports Fashion plc (JD) was published on 30 Jan 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 - JD Annual Results

^{Amounts in GBP}

Total Revenue

6.17B

Gross Profit

2.96B

EBIT

486.3M

Net Tangible Assets

419M

Net Income

224.3M

Capital Expenditures

-101.1M

JD Income Statement 2021 Annual Report

As per the latest Income Statement of JD, the Net revenue increased by £56.50M (1%) compared to the previous period. The operating income in 2021 decreased by £-38.00M (-7%). The net income as per the annual report was 224.3M which decreased by £-21.80M (-9%) compared to previous year.

Income Statement Report (2021/2020)

	2021	2020
Total Revenue	6.17B	6.11B
Gross Profit	2.96B	2.87B
Operating Income	486.3M	524.3M
Income Before Tax	324M	348.5M
Net Income	224.3M	246.1M

Balance Sheet - JD 2021 Annual Report

Read further: JD Balance Sheet Detailed Analysis

The latest balance sheet from annual result of JD Sports Fashion plc showed the company increased the cash on balance sheet by £498.50M (107%). The Net tangible assets of JD on the balance sheet were at 419M which is £-386.50M (-48%) less than previous annual report. The total stockholder equity also increased by £19.50M (2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

	2021	2020
Cash	964.4M	465.9M
Total Assets	5.16B	4.35B
Long Term Debt	48.1M	15.6M
Total Liabilities	3.67B	3.06B
Total Shareholder Equity	1.24B	1.22B
Net Tangible Assets	419M	805.5M

Cash Flow Statement - JD 2021 Annual Report

The 2021 annual cash flow statement of JD Sports Fashion plc showed that the net income decreased by £-21.80M (-9%) compared to previous reporting period. Also the capital expenditure of JD increased by £45.50M (31%).

As of 2021, the total cash from investing activities was -334.7M and total cash from financing activities was -239.7M.

Cash Flow Statement Report (2021/2020)

	2021	2020
Net Income	224.3M	246.1M
Capital Expenditures	-101.1M	-146.6M
Dividends Paid	-	-16.7M
Total Cash From From Investing Activities	-334.7M	-261.7M
Total Cash From From Financing Activities	-239.7M	-371.4M

JD Sports Fashion plc Annual Report History

Income Statement

Income Statement history of JD Sports Fashion plc (LSE:JD)

	30 Jan 2021	01 Feb 2020	02 Feb 2019	03 Feb 2018
Total Revenue	6.17B	6.11B	4.72B	3.16B
Cost Of Revenue	3.21B	3.24B	2.47B	1.63B
Gross Profit	2.96B	2.87B	2.24B	1.53B
Research Development	-	-	-	-
Selling General Administrative	2.49B	2.36B	1.89B	1.23B
Non Recurring	-	-	-	-
Other Operating Expenses	-13.1M	-5.2M	-4.7M	-2.4M
Total Operating Expenses	5.68B	5.59B	4.36B	2.85B
Operating Income	486.3M	524.3M	361.5M	308.8M
Total Other Income Expense Net	-162.3M	-175.8M	-21.6M	-14.3M
Ebit	486.3M	524.3M	361.5M	308.8M
Interest Expense	-62.5M	-79.8M	-7.5M	-2M
Income Before Tax	324M	348.5M	339.9M	294.5M
Income Tax Expense	94.8M	97.8M	75.7M	58.1M
Minority Interest	257.7M	70M	68M	63.9M
Net Income From Continuing Ops	229.2M	250.7M	264.2M	236.4M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	224.3M	246.1M	261.8M	231.9M
Net Income Applicable To Common Shares	224.3M	246.1M	261.8M	231.9M

Balance Sheet Statement

Balance Sheet Statement history of JD Sports Fashion plc (LSE:JD)

	30 Jan 2021	01 Feb 2020	02 Feb 2019	03 Feb 2018
Cash	964.4M	465.9M	251.2M	347.5M
Net Receivables	72.2M	81.6M	82.3M	87.6M
Inventory	813.7M	811.8M	763.8M	478M
Total Current Assets	1.92B	1.46B	1.19B	971.8M
Long Term Investments	2.7M	2.6M	100k	-
Property Plant Equipment	2.32B	2.42B	539.8M	376.9M
Good Will	578.3M	209.4M	214.3M	114.6M
Intangible Assets	241.4M	204.3M	180M	96.4M
Other Assets	103.8M	47.9M	79.1M	66.5M
Deferred Long Term Asset Charges	40.6M	-	-	-
Total Assets	5.16B	4.35B	2.21B	1.63B
Accounts Payable	514.2M	426.6M	366.9M	224.2M
Short Long Term Debt	105.2M	14.8M	18.1M	12.7M
Other Current Liab	493.2M	413.8M	396.6M	369.7M
Long Term Debt	48.1M	15.6M	56.3M	8.4M
Other Liab	434.5M	93M	166M	98.6M
Minority Interest	257.7M	70M	68M	63.9M
Total Current Liabilities	1.55B	1.24B	900.5M	682.3M
Total Liab	3.67B	3.06B	1.13B	791.9M
Common Stock	2.4M	2.4M	2.4M	2.4M
Retained Earnings	1.56B	1.25B	1.02B	773.6M
Treasury Stock	-336.2M	-40.6M	-21.6M	-17.3M
Capital Surplus	11.7M	11.7M	11.7M	11.7M
Other Stockholder Equity	-336.2M	-40.6M	-21.6M	-17.3M
Total Stockholder Equity	1.24B	1.22B	1.01B	770.4M
Net Tangible Assets	419M	805.5M	614.5M	559.4M

Cash Flow Statement

Cash Flow Statement history of JD Sports Fashion plc (LSE:JD)

	30 Jan 2021	01 Feb 2020	02 Feb 2019	03 Feb 2018
Net Income	224.3M	246.1M	261.8M	231.9M
Depreciation	461.8M	427.5M	100.4M	62.3M
Change To Netincome	93.6M	121.6M	32.9M	29.2M
Change To Account Receivables	46.2M	-13M	-22.5M	-22.1M
Change To Liabilities	150.8M	58.1M	21.2M	110.7M
Change To Inventory	63.5M	-9.5M	-26.2M	-79M
Total Cash From Operating Activities	1.06B	854M	377.6M	338.8M
Capital Expenditures	-101.1M	-146.6M	-172.6M	-145.5M
Other Cashflows From Investing Activities	-4.1M	-2M	-2.9M	-5.5M
Total Cashflows From Investing Activities	-334.7M	-261.7M	-550.8M	-204.2M
Net Borrowings	-233.6M	-353.4M	86.4M	-8.6M
Other Cashflows From Financing Activities	-6.1M	-1.3M	5.7M	-8.8M
Total Cash From Financing Activities	-239.7M	-371.4M	76.2M	-32.6M
Effect Of Exchange Rate	200k	1.7M	100k	-1.8M
Change In Cash	488.4M	222.6M	-96.9M	100.2M
Dividends Paid	-	-16.7M	-15.9M	-15.2M