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