JD Sports Fashion plc (LSE:JD) Annual Report 2022



The latest annual report of JD Sports Fashion plc (JD) was published on 29 Jan 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 - JD Annual Results

Amounts in GBP

Total Revenue
8.56B
Gross Profit
4.21B
EBIT
1.02B
Net Tangible Assets
452.4M
Net Income
369.7M
Capital Expenditures
-217.5M

JD Income Statement 2022 Annual Report

As per the latest Income Statement of JD, the Net revenue increased by £2.3957B (39%) compared to the previous period. The operating income in 2022 increased by £535.30M (110%). The net income as per the annual report was 369.7M which increased by £145.40M (65%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 8.56B 6.17B
Gross Profit 4.21B 2.96B
Operating Income 1.02B 486.3M
Income Before Tax 654.7M 324M
Net Income 369.7M 224.3M

Balance Sheet - JD 2022 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 £349.60M (36%). The Net tangible assets of JD on the balance sheet were at 452.4M which is £33.40M (8%) more than previous annual report. The total stockholder equity also increased by £687.30M (55%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.31B 964.4M
Total Assets 7.07B 5.16B
Long Term Debt 55.5M 48.1M
Total Liabilities 4.73B 3.67B
Total Shareholder Equity 1.93B 1.24B
Net Tangible Assets 452.4M 419M

Cash Flow Statement - JD 2022 Annual Report

The 2022 annual cash flow statement of JD Sports Fashion plc showed that the net income increased by £145.40M (65%) compared to previous reporting period. Also the capital expenditure of JD decreased by £-116.40M (-115%).

As of 2022, the total cash from investing activities was -848.1M and total cash from financing activities was -83.6M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 369.7M 224.3M
Capital Expenditures -217.5M -101.1M
Dividends Paid -14.9M -14.9M
Total Cash From From Investing Activities -848.1M -330M
Total Cash From From Financing Activities -83.6M -243.1M

JD Sports Fashion plc Annual Report History

Income Statement

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

29 Jan 2022 30 Jan 2021 01 Feb 2020 02 Feb 2019
Total Revenue 8.56B 6.17B 6.11B 4.72B
Cost Of Revenue 4.36B 3.21B 3.24B 2.47B
Gross Profit 4.21B 2.96B 2.87B 2.24B
Research Development - - - -
Selling General Administrative 3.2B 2.49B 2.36B 1.89B
Non Recurring - - - -
Other Operating Expenses -16.6M -13.1M -5.2M -4.7M
Total Operating Expenses 7.54B 5.68B 5.59B 4.36B
Operating Income 1.02B 486.3M 524.3M 361.5M
Total Other Income Expense Net -366.9M -162.3M -175.8M -21.6M
Ebit 1.02B 486.3M 524.3M 361.5M
Interest Expense -67.9M -62.5M -79.8M -7.5M
Income Before Tax 654.7M 324M 348.5M 339.9M
Income Tax Expense 195.1M 94.8M 97.8M 75.7M
Minority Interest 413.6M 257.7M 70M 68M
Net Income From Continuing Ops 459.6M 229.2M 250.7M 264.2M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 369.7M 224.3M 246.1M 261.8M
Net Income Applicable To Common Shares 369.7M 224.3M 246.1M 261.8M

Balance Sheet Statement

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

29 Jan 2022 30 Jan 2021 01 Feb 2020 02 Feb 2019
Cash 1.31B 964.4M 465.9M 251.2M
Net Receivables 90.9M 72.2M 81.6M 82.3M
Inventory 989.4M 813.7M 811.8M 763.8M
Other Current Assets 169.6M - - -
Total Current Assets 2.68B 1.92B 1.46B 1.19B
Long Term Investments 56.2M 2.7M 2.6M 100k
Property Plant Equipment 2.72B 2.32B 2.42B 539.8M
Good Will 1.06B 578.3M 209.4M 214.3M
Intangible Assets 410.3M 241.4M 204.3M 180M
Other Assets 141.2M 103.8M 47.9M 79.1M
Deferred Long Term Asset Charges 81.7M 40.6M - -
Total Assets 7.07B 5.16B 4.35B 2.21B
Accounts Payable 526.6M 514.2M 426.6M 366.9M
Short Long Term Debt 39M 105.2M 14.8M 18.1M
Other Current Liab 777.8M 493.2M 413.8M 396.6M
Long Term Debt 55.5M 48.1M 15.6M 56.3M
Other Liab 922.7M 434.5M 93M 166M
Minority Interest 413.6M 257.7M 70M 68M
Total Current Liabilities 1.89B 1.55B 1.24B 900.5M
Total Liab 4.73B 3.67B 3.06B 1.13B
Common Stock 2.5M 2.4M 2.4M 2.4M
Retained Earnings 1.91B 1.56B 1.25B 1.02B
Treasury Stock -454.6M -336.2M -40.6M -21.6M
Capital Surplus 467.5M 11.7M 11.7M 11.7M
Other Stockholder Equity -454.6M -336.2M -40.6M -21.6M
Total Stockholder Equity 1.93B 1.24B 1.22B 1.01B
Net Tangible Assets 452.4M 419M 805.5M 614.5M

Cash Flow Statement

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

29 Jan 2022 30 Jan 2021 01 Feb 2020 02 Feb 2019
Net Income 369.7M 224.3M 246.1M 261.8M
Depreciation 550.7M 461.8M 427.5M 100.4M
Change To Netincome 352.1M 97.6M 121.6M 32.9M
Change To Account Receivables -69.3M 46.2M -13M -22.5M
Change To Liabilities 75M 149.5M 58.1M 21.2M
Change To Inventory -31.8M 63.5M -9.5M -26.2M
Total Cash From Operating Activities 1.27B 1.06B 854M 377.6M
Capital Expenditures -217.5M -101.1M -146.6M -172.6M
Other Cashflows From Investing Activities 15.8M 4.4M -2M -2.9M
Total Cashflows From Investing Activities -848.1M -330M -261.7M -550.8M
Dividends Paid -14.9M -14.9M -16.7M -15.9M
Net Borrowings -565.8M -237M -353.4M 86.4M
Other Cashflows From Financing Activities 41.2M -6.1M -1.3M 5.7M
Total Cash From Financing Activities -83.6M -243.1M -371.4M 76.2M
Effect Of Exchange Rate -3.5M 200k 1.7M 100k
Change In Cash 331.7M 488.4M 222.6M -96.9M
Issuance Of Stock 455.9M 455.9M 455.9M 455.9M