Meggitt PLC (LSE:MGGT) Annual Report 2021



The latest annual report of Meggitt PLC (MGGT) 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 - MGGT Annual Results

Amounts in GBP

Total Revenue
1.49B
Gross Profit
481.6M
EBIT
102.5M
Net Tangible Assets
323.6M
Net Income
31.2M
Capital Expenditures
-66.4M

MGGT Income Statement 2021 Annual Report

As per the latest Income Statement of MGGT, the Net revenue decreased by £-194.90M (-12%) compared to the previous period. The operating income in 2021 increased by £406.50M (134%). The net income as per the annual report was 31.2M which increased by £345.40M (110%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.49B1.68B
Gross Profit481.6M482.5M
Operating Income102.5M-304M
Income Before Tax31.3M-334M
Net Income31.2M-314.2M

Balance Sheet - MGGT 2021 Annual Report

Read further: MGGT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Meggitt PLC showed the company increased the cash on balance sheet by £12.20M (7%). The Net tangible assets of MGGT on the balance sheet were at 323.6M which is £211.60M (189%) more than previous annual report. The total stockholder equity also increased by £129.40M (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash190.8M178.6M
Total Assets3.97B 4B
Long Term Debt696M796.8M
Total Liabilities1.81B 1.97B
Total Shareholder Equity2.16B2.03B
Net Tangible Assets323.6M112M

Cash Flow Statement - MGGT 2021 Annual Report

The 2021 annual cash flow statement of Meggitt PLC showed that the net income increased by £345.40M (110%) compared to previous reporting period. Also the capital expenditure of MGGT increased by £14.40M (18%).

As of 2021, the total cash from investing activities was -47.8M and total cash from financing activities was -44.8M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income31.2M-314.2M
Capital Expenditures-66.4M-80.8M
Dividends Paid--
Total Cash From From Investing Activities-47.8M-22M
Total Cash From From Financing Activities-44.8M-101.2M

Meggitt PLC Annual Report History

Income Statement

Income Statement history of Meggitt PLC (LSE:MGGT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue1.49B1.68B2.28B2.08B
Cost Of Revenue1.01B1.2B1.45B1.32B
Gross Profit481.6M482.5M826.3M756.5M
Research Development64.2M68.3M68.7M70M
Selling General Administrative314.9M718.2M412.2M313.4M
Non Recurring----
Other Operating Expenses---3M
Total Operating Expenses1.39B1.99B1.93B1.82B
Operating Income102.5M-304M345.4M260.8M
Total Other Income Expense Net-71.2M-30M-58.7M-44.7M
Ebit102.5M-304M345.4M260.8M
Interest Expense-27.9M-30.8M-33.5M-31.8M
Income Before Tax31.3M-334M286.7M216.1M
Income Tax Expense100k-19.8M64.1M37.1M
Minority Interest----
Net Income From Continuing Ops31.2M-314.2M222.6M179M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income31.2M-314.2M222.6M179M
Net Income Applicable To Common Shares31.2M-314.2M222.6M179M

Balance Sheet Statement

Balance Sheet Statement history of Meggitt PLC (LSE:MGGT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash190.8M178.6M155.3M181.9M
Net Receivables341.8M298.9M457.3M444.8M
Inventory455.4M426.9M489.8M441.2M
Other Current Assets3.1M20.1M3.8M19.6M
Total Current Assets1.01B937M1.11B1.11B
Long Term Investments18.7M25.9M14.1M19.5M
Property Plant Equipment478.6M458.8M449.4M404M
Good Will1.53B1.52B1.97B2.04B
Intangible Assets306.6M401.1M503.6M610.4M
Other Assets628.3M655.8M704M677.6M
Total Assets3.97B4B4.74B4.86B
Accounts Payable132.4M131.4M464.5M195M
Short Long Term Debt105.3M10.5M219.4M10.2M
Other Current Liab264.7M261.5M184.8M314.9M
Long Term Debt696M796.8M694.5M1.15B
Other Liab365.2M551.8M571.3M517.3M
Deferred Long Term Liab543.7M550.6M593.9M575.3M
Total Current Liabilities594.7M487.3M885.1M618M
Total Liab1.81B1.97B2.29B2.37B
Common Stock39.1M39M38.8M38.8M
Retained Earnings535.5M402.4M750.4M720.2M
Treasury Stock359.6M364.6M441.1M509.5M
Capital Surplus1.23B1.23B1.23B1.22B
Other Stockholder Equity359.6M364.6M441.1M509.5M
Total Stockholder Equity2.16B2.03B2.46B2.49B
Net Tangible Assets323.6M112M-13.4M-153.3M

Cash Flow Statement

Cash Flow Statement history of Meggitt PLC (LSE:MGGT)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income31.2M-314.2M222.6M179M
Depreciation134.8M141.1M164.5M145.1M
Change To Netincome-85.4M254.1M-23.6M-37.3M
Change To Account Receivables-46.2M110.7M110.7M-800k
Change To Liabilities29M-144.5M-39M
Change To Inventory-32.8M39.8M39.8M-33.5M
Change To Operating Activities18.8M14M-27.1M-37.7M
Total Cash From Operating Activities105.3M154.2M366.9M295.3M
Capital Expenditures-66.4M-80.8M-77.2M-52.6M
Investments-900k-7.6M-7.6M-7.6M
Other Cashflows From Investing Activities7.4M2.1M2.1M2.1M
Total Cashflows From Investing Activities-47.8M-22M-49.7M-96M
Net Borrowings-44.2M-102.6M-228.8M4.4M
Other Cashflows From Financing Activities-1.9M1.1M18.9M18.9M
Total Cash From Financing Activities-44.8M-101.2M-340.3M-142.4M
Effect Of Exchange Rate-500k-7.7M-3.5M6.5M
Change In Cash12.2M23.3M-26.6M63.4M
Issuance Of Stock1.3M300k300k300k
Dividends Paid---130.4M-124.2M