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)

20212020
Total Revenue6.88B7.13B
Gross Profit1.01B802M
Operating Income-170M-423M
Income Before Tax-618M-679M
Net Income833M-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)

20212020
Cash473M311M
Total Assets14.02B 16.68B
Long Term Debt910M3.09B
Total Liabilities6.48B 9.57B
Total Shareholder Equity7.51B7.08B
Net Tangible Assets444M-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)

20212020
Net Income833M-536M
Capital Expenditures-220M-253M
Dividends Paid-69M-69M
Total Cash From From Investing Activities2.51B-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 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue6.88B7.13B10.97B8.15B
Cost Of Revenue5.87B6.33B8.73B6.47B
Gross Profit1.01B802M2.23B1.68B
Research Development----
Selling General Administrative1.18B1.23B1.78B1.35B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses7.05B7.55B10.51B7.82B
Operating Income-170M-423M454M329M
Total Other Income Expense Net-448M-256M-348M-871M
Ebit-170M-423M454M329M
Interest Expense-162M-164M-184M-114M
Income Before Tax-618M-679M106M-542M
Income Tax Expense-172M-114M51M-75M
Minority Interest33M29M26M24M
Net Income From Continuing Ops-446M-565M55M-467M
Discontinued Operations1.28B32M-106M-8M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income833M-536M-60M-475M
Net Income Applicable To Common Shares833M-536M-60M-475M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash473M311M512M415M
Net Receivables1.16B1.63B1.92B2.37B
Inventory893M1.13B1.33B1.49B
Other Current Assets23M47M84M9M
Total Current Assets2.58B3.17B3.92B4.32B
Long Term Investments516M464M485M494M
Property Plant Equipment2.53B3.13B3.43B3.17B
Good Will2.85B3.64B3.65B4.06B
Intangible Assets4.21B5.18B5.71B6.59B
Other Assets1.33B1.1B1.04B1.11B
Deferred Long Term Asset Charges250M180M160M132M
Total Assets14.02B16.68B18.24B19.74B
Accounts Payable1.02B1.15B1.22B1.31B
Short Long Term Debt525M16M108M28M
Other Current Liab1.13B1.5B1.4B1.51B
Long Term Debt910M3.09B3.58B3.39B
Other Liab2.13B2.64B3.11B4.34B
Deferred Long Term Liab327M380M417M449M
Minority Interest33M29M26M24M
Total Current Liabilities3.12B3.36B3.49B3.7B
Total Liab6.48B9.57B10.69B11.48B
Common Stock333M333M333M333M
Retained Earnings5.32B861M1.2B1.49B
Treasury Stock-1.42B-2.25B-2.14B-1.73B
Capital Surplus3.27B8.14B8.14B8.14B
Other Stockholder Equity-1.42B-2.25B-2.14B-1.73B
Total Stockholder Equity7.51B7.08B7.53B8.24B
Net Tangible Assets444M-1.74B-1.84B-2.41B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income833M-536M-60M-475M
Depreciation826M863M968M620M
Change To Netincome-1.51B15M-281M280M
Change To Account Receivables79M269M72M172M
Change To Liabilities14M-71M-2M-160M
Change To Inventory-31M173M-12M-108M
Total Cash From Operating Activities263M764M749M373M
Capital Expenditures-220M-253M-465M-328M
Investments-10M-2M-50M-3M
Other Cashflows From Investing Activities43M28M-39M57M
Total Cashflows From Investing Activities2.51B-248M-415M-1.3B
Dividends Paid-69M-69M-231M-129M
Net Borrowings-1.61B-661M-176M1.74B
Other Cashflows From Financing Activities-59M-15M-8M-277M
Total Cash From Financing Activities-2.47B-676M-415M1.33B
Change In Cash308M-157M-98M399M