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	525M	16M	108M	28M
Other Current Liab	1.13B	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