Melrose Industries PLC (LSE:MRO) Annual Report 2021



The latest annual report of Melrose Industries PLC (MRO) 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 - MRO Annual Results

Amounts in GBP

Total Revenue
6.88B
Gross Profit
1.01B
EBIT
-170M
Net Tangible Assets
444M
Net Income
833M
Capital Expenditures
-220M

MRO Income Statement 2021 Annual Report

As per the latest Income Statement of MRO, the Net revenue decreased by £-249.00M (-3%) compared to the previous period. The operating income in 2021 increased by £253.00M (60%). The net income as per the annual report was 833M which increased by £1.369B (255%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 6.88B 7.13B
Gross Profit 1.01B 802M
Operating Income -170M -423M
Income Before Tax -618M -679M
Net Income 833M -536M

Balance Sheet - MRO 2021 Annual Report

Read further: MRO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Melrose Industries PLC showed the company increased the cash on balance sheet by £162.00M (52%). The Net tangible assets of MRO on the balance sheet were at 444M which is £2.181B (126%) more than previous annual report. The total stockholder equity also increased by £426.00M (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 473M 311M
Total Assets 14.02B 16.68B
Long Term Debt 910M 3.09B
Total Liabilities 6.48B 9.57B
Total Shareholder Equity 7.51B 7.08B
Net Tangible Assets 444M -1.74B

Cash Flow Statement - MRO 2021 Annual Report

The 2021 annual cash flow statement of Melrose Industries PLC showed that the net income increased by £1.369B (255%) compared to previous reporting period. Also the capital expenditure of MRO increased by £33.00M (13%).

As of 2021, the total cash from investing activities was 2.51B and total cash from financing activities was -2.47B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 833M -536M
Capital Expenditures -220M -253M
Dividends Paid -69M -69M
Total Cash From From Investing Activities 2.51B -248M
Total Cash From From Financing Activities -2.47B -676M

Melrose Industries PLC Annual Report History

Income Statement

Income Statement history of Melrose Industries PLC (LSE:MRO)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 6.88B 7.13B 10.97B 8.15B
Cost Of Revenue 5.87B 6.33B 8.73B 6.47B
Gross Profit 1.01B 802M 2.23B 1.68B
Research Development - - - -
Selling General Administrative 1.18B 1.23B 1.78B 1.35B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 7.05B 7.55B 10.51B 7.82B
Operating Income -170M -423M 454M 329M
Total Other Income Expense Net -448M -256M -348M -871M
Ebit -170M -423M 454M 329M
Interest Expense -162M -164M -184M -114M
Income Before Tax -618M -679M 106M -542M
Income Tax Expense -172M -114M 51M -75M
Minority Interest 33M 29M 26M 24M
Net Income From Continuing Ops -446M -565M 55M -467M
Discontinued Operations 1.28B 32M -106M -8M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 833M -536M -60M -475M
Net Income Applicable To Common Shares 833M -536M -60M -475M

Balance Sheet Statement

Balance Sheet Statement history of Melrose Industries PLC (LSE:MRO)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 473M 311M 512M 415M
Net Receivables 1.16B 1.63B 1.92B 2.37B
Inventory 893M 1.13B 1.33B 1.49B
Other Current Assets 23M 47M 84M 9M
Total Current Assets 2.58B 3.17B 3.92B 4.32B
Long Term Investments 516M 464M 485M 494M
Property Plant Equipment 2.53B 3.13B 3.43B 3.17B
Good Will 2.85B 3.64B 3.65B 4.06B
Intangible Assets 4.21B 5.18B 5.71B 6.59B
Other Assets 1.33B 1.1B 1.04B 1.11B
Deferred Long Term Asset Charges 250M 180M 160M 132M
Total Assets 14.02B 16.68B 18.24B 19.74B
Accounts Payable 1.02B 1.15B 1.22B 1.31B
Short Long Term Debt 457M 16M 108M 28M
Other Current Liab 1.2B 1.5B 1.4B 1.51B
Long Term Debt 910M 3.09B 3.58B 3.39B
Other Liab 2.13B 2.64B 3.11B 4.34B
Deferred Long Term Liab 327M 380M 417M 449M
Minority Interest 33M 29M 26M 24M
Total Current Liabilities 3.12B 3.36B 3.49B 3.7B
Total Liab 6.48B 9.57B 10.69B 11.48B
Common Stock 333M 333M 333M 333M
Retained Earnings 5.32B 861M 1.2B 1.49B
Treasury Stock -1.42B -2.25B -2.14B -1.73B
Capital Surplus 3.27B 8.14B 8.14B 8.14B
Other Stockholder Equity -1.42B -2.25B -2.14B -1.73B
Total Stockholder Equity 7.51B 7.08B 7.53B 8.24B
Net Tangible Assets 444M -1.74B -1.84B -2.41B

Cash Flow Statement

Cash Flow Statement history of Melrose Industries PLC (LSE:MRO)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 833M -536M -60M -475M
Depreciation 826M 863M 968M 620M
Change To Netincome -1.51B 15M -281M 280M
Change To Account Receivables 79M 269M 72M 172M
Change To Liabilities 14M -71M -2M -160M
Change To Inventory -31M 173M -12M -108M
Total Cash From Operating Activities 263M 764M 749M 373M
Capital Expenditures -220M -253M -465M -328M
Investments -10M -2M -50M -3M
Other Cashflows From Investing Activities 43M 28M -39M 57M
Total Cashflows From Investing Activities 2.51B -248M -415M -1.3B
Dividends Paid -69M -69M -231M -129M
Net Borrowings -1.61B -661M -176M 1.74B
Other Cashflows From Financing Activities -59M -15M -8M -277M
Total Cash From Financing Activities -2.47B -676M -415M 1.33B
Change In Cash 308M -157M -98M 399M