Melrose Industries PLC (LSE:MRO) Annual Report 2022



The latest annual report of Melrose Industries PLC (MRO) was published on 31 Dec 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 - MRO Annual Results

Amounts in GBP

Total Revenue
7.54B
Gross Profit
1.08B
EBIT
-290M
Net Tangible Assets
283M
Net Income
-308M
Capital Expenditures
-271M

MRO Income Statement 2022 Annual Report

As per the latest Income Statement of MRO, the Net revenue increased by £654.00M (10%) compared to the previous period. The operating income in 2022 decreased by £-120.00M (-71%). The net income as per the annual report was -308M which decreased by £-1.141B (-137%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 7.54B 6.88B
Gross Profit 1.08B 1.01B
Operating Income -290M -170M
Income Before Tax -307M -618M
Net Income -308M 833M

Balance Sheet - MRO 2022 Annual Report

Read further: MRO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Melrose Industries PLC showed the company reduced the cash on balance sheet by £-118.00M (-25%). The Net tangible assets of MRO on the balance sheet were at 283M which is £-161.00M (-36%) less than previous annual report. The total stockholder equity also decreased by £-378.00M (-5%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 355M 473M
Total Assets 13.99B 14.02B
Long Term Debt 1.43B 910M
Total Liabilities 6.82B 6.48B
Total Shareholder Equity 7.13B 7.51B
Net Tangible Assets 283M 444M

Cash Flow Statement - MRO 2022 Annual Report

The 2022 annual cash flow statement of Melrose Industries PLC showed that the net income decreased by £-1.141B (-137%) compared to previous reporting period. Also the capital expenditure of MRO decreased by £-51.00M (-23%).

As of 2022, the total cash from investing activities was 192M and total cash from financing activities was -599M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -308M 833M
Capital Expenditures -271M -220M
Dividends Paid -77M -69M
Total Cash From From Investing Activities 192M 2.51B
Total Cash From From Financing Activities -599M -2.47B

Melrose Industries PLC Annual Report History

Income Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 7.54B 6.88B 7.13B 10.97B
Cost Of Revenue 6.46B 5.87B 6.33B 8.73B
Gross Profit 1.08B 1.01B 802M 2.23B
Research Development - - - -
Selling General Administrative 1.37B 1.18B 1.23B 1.78B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 7.83B 7.05B 7.55B 10.51B
Operating Income -290M -170M -423M 454M
Total Other Income Expense Net -17M -448M -256M -348M
Ebit -290M -170M -423M 454M
Interest Expense -91M -162M -164M -184M
Income Before Tax -307M -618M -679M 106M
Income Tax Expense -84M -172M -114M 51M
Minority Interest 39M 33M 29M 26M
Net Income From Continuing Ops -223M -446M -565M 55M
Discontinued Operations -80M 1.28B 32M -106M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -308M 833M -536M -60M
Net Income Applicable To Common Shares -308M 833M -536M -60M

Balance Sheet Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 355M 473M 311M 512M
Net Receivables 1.46B 1.16B 1.63B 1.92B
Inventory 1.02B 893M 1.13B 1.33B
Other Current Assets 38M 23M 47M 84M
Total Current Assets 2.87B 2.58B 3.17B 3.92B
Long Term Investments 497M 516M 464M 485M
Property Plant Equipment 2.6B 2.53B 3.13B 3.43B
Intangible Assets 6.85B 4.21B 5.18B 5.71B
Other Assets 1.17B 1.33B 1.1B 1.04B
Deferred Long Term Asset Charges 373M 250M 180M 160M
Total Assets 13.99B 14.02B 16.68B 18.24B
Accounts Payable 2.35B 1.02B 1.15B 1.22B
Other Current Liab 447M 1.2B 1.5B 1.4B
Long Term Debt 1.43B 910M 3.09B 3.58B
Other Liab 2.1B 2.13B 2.64B 3.11B
Minority Interest 39M 33M 29M 26M
Total Current Liabilities 2.98B 3.12B 3.36B 3.49B
Total Liab 6.82B 6.48B 9.57B 10.69B
Common Stock 309M 333M 333M 333M
Retained Earnings 4.38B 5.32B 861M 1.2B
Treasury Stock -830M -1.42B -2.25B -2.14B
Capital Surplus 3.27B 3.27B 8.14B 8.14B
Other Stockholder Equity -830M -1.42B -2.25B -2.14B
Total Stockholder Equity 7.13B 7.51B 7.08B 7.53B
Net Tangible Assets 283M 444M -1.74B -1.84B

Cash Flow Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income -308M 833M -536M -60M
Depreciation 814M 826M 863M 968M
Change To Netincome -174M -1.51B 15M -281M
Change To Account Receivables -268M 79M 269M 72M
Change To Liabilities 209M 14M -71M -2M
Change To Inventory -119M -31M 173M -12M
Total Cash From Operating Activities 204M 263M 764M 749M
Capital Expenditures -271M -220M -253M -465M
Investments -3M -10M -2M -50M
Other Cashflows From Investing Activities -47M 43M 28M -39M
Total Cashflows From Investing Activities 192M 2.51B -248M -415M
Dividends Paid -77M -69M -69M -231M
Net Borrowings -17M -1.61B -661M -176M
Other Cashflows From Financing Activities -1M -59M -15M -8M
Total Cash From Financing Activities -599M -2.47B -676M -415M
Effect Of Exchange Rate 27M 27M 3M -17M
Change In Cash -176M 308M -157M -98M
Repurchase Of Stock -504M -504M -504M -504M