National Grid plc (LSE:NG) Annual Report 2022



The latest annual report of National Grid plc (NG) was published on 31 Mar 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 - NG Annual Results

Amounts in GBP

Total Revenue
18.45B
Gross Profit
18.45B
EBIT
4.21B
Net Tangible Assets
11.03B
Net Income
2.35B
Capital Expenditures
-5.1B

NG Income Statement 2022 Annual Report

As per the latest Income Statement of NG, the Net revenue increased by £4.784B (35%) compared to the previous period. The operating income in 2022 increased by £1.795B (74%). The net income as per the annual report was 2.35B which increased by £713.00M (43%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 18.45B 13.66B
Gross Profit 18.45B 13.66B
Operating Income 4.21B 2.41B
Income Before Tax 3.44B 1.66B
Net Income 2.35B 1.64B

Balance Sheet - NG 2022 Annual Report

Read further: NG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of National Grid plc showed the company increased the cash on balance sheet by £47.00M (30%). The Net tangible assets of NG on the balance sheet were at 11.03B which is £-2.779B (-20%) less than previous annual report. The total stockholder equity also increased by £3.994B (20%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 204M 157M
Total Assets 94.86B 67.22B
Long Term Debt 33.75B 27.59B
Total Liabilities 71B 47.36B
Total Shareholder Equity 23.83B 19.84B
Net Tangible Assets 11.03B 13.81B

Cash Flow Statement - NG 2022 Annual Report

The 2022 annual cash flow statement of National Grid plc showed that the net income increased by £713.00M (43%) compared to previous reporting period. Also the capital expenditure of NG decreased by £-889.00M (-21%).

As of 2022, the total cash from investing activities was -14.01B and total cash from financing activities was 7.77B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 2.35B 1.64B
Capital Expenditures -5.1B -4.21B
Dividends Paid -922M -1.41B
Total Cash From From Investing Activities -14.01B -5.12B
Total Cash From From Financing Activities 7.77B 750M

National Grid plc Annual Report History

Income Statement

Income Statement history of National Grid plc (LSE:NG)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 18.45B 13.66B 13.36B 14.93B
Cost Of Revenue - - - -
Gross Profit 18.45B 13.66B 13.36B 14.93B
Research Development - - - -
Selling General Administrative - 51M 34M 22M
Non Recurring - - - -
Other Operating Expenses 14.08B 10.88B 10.45B 11.17B
Total Operating Expenses 14.24B 11.26B 10.71B 11.38B
Operating Income 4.21B 2.41B 2.65B 3.56B
Total Other Income Expense Net -764M -746M -1.25B -1.72B
Ebit 4.21B 2.41B 2.65B 3.56B
Interest Expense -1.08B -772M -890M -970M
Income Before Tax 3.44B 1.66B 1.4B 1.84B
Income Tax Expense 1.26B 360M 370M 339M
Minority Interest 23M 21M 22M 20M
Net Income From Continuing Ops 2.18B 1.3B 1.03B 1.5B
Discontinued Operations 171M 337M 235M 12M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 2.35B 1.64B 1.26B 1.51B
Net Income Applicable To Common Shares 2.35B 1.64B 1.26B 1.51B

Balance Sheet Statement

Balance Sheet Statement history of National Grid plc (LSE:NG)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 204M 157M 73M 252M
Short Term Investments 853M 574M 720M 1.98B
Net Receivables 3.39B 2.6B 2.68B 3.28B
Inventory 393M 347M 416M 370M
Other Current Assets 10.4B 4.11B 226M 2.06B
Total Current Assets 17.96B 9.94B 5.8B 7.95B
Long Term Investments 2.07B 1.62B 1.54B 1.27B
Property Plant Equipment 57.53B 47.04B 49.76B 44.86B
Good Will 9.53B 4.59B 5.71B 5.37B
Intangible Assets 3.27B 1.44B 1.29B 1.08B
Other Assets 4.49B 2.58B 3.45B 2.88B
Total Assets 94.86B 67.22B 67.56B 63.41B
Accounts Payable 3.11B 2.17B 2.21B 3.77B
Short Long Term Debt 10.85B 3.08B 2.94B 4.47B
Other Current Liab 9.12B 3.26B 1.83B 888M
Long Term Debt 33.75B 27.59B 26.98B 24.26B
Other Liab 12.04B 9.81B 11.6B 10.46B
Minority Interest 23M 21M 22M 20M
Total Current Liabilities 24.77B 9.37B 8.56B 9.13B
Total Liab 71B 47.36B 47.77B 43.84B
Common Stock 485M 474M 470M 458M
Retained Earnings 26.61B 23.16B 21.89B 22B
Treasury Stock -4.56B -5.09B -3.9B -4.22B
Capital Surplus 1.3B 1.3B 1.3B 1.31B
Other Stockholder Equity -4.56B -5.09B -3.9B -4.22B
Total Stockholder Equity 23.83B 19.84B 19.77B 19.55B
Net Tangible Assets 11.03B 13.81B 12.76B 13.09B

Cash Flow Statement

Cash Flow Statement history of National Grid plc (LSE:NG)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 2.35B 1.64B 1.26B 1.51B
Depreciation 1.52B 1.29B 1.29B 1.55B
Change To Netincome 2.26B 1.26B 1.41B 1.24B
Change To Liabilities - - - -
Change To Operating Activities -158M 80M 510M -158M
Total Cash From Operating Activities 6.27B 4.46B 4.62B 4.32B
Capital Expenditures -5.1B -4.21B -4.29B -3.63B
Investments -615M -552M -115M 608M
Other Cashflows From Investing Activities -24M 63M 1.58B -151M
Total Cashflows From Investing Activities -14.01B -5.12B -3.19B -3.45B
Dividends Paid -922M -1.41B -892M -1.16B
Net Borrowings 10.96B 2.77B 207M 1.07B
Other Cashflows From Financing Activities -2.3B -621M -931M -879M
Total Cash From Financing Activities 7.77B 750M -1.61B -952M
Effect Of Exchange Rate 5M -7M 4M 3M
Change In Cash 25M 84M -179M -77M
Repurchase Of Stock -3M -2M -6M -2M
Issuance Of Stock 33M 16M 16M 17M