NEXT plc (LSE:NXT) Annual Report 2022



The latest annual report of NEXT plc (NXT) was published on 29 Jan 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 - NXT Annual Results

Amounts in GBP

Total Revenue
4.63B
Gross Profit
1.98B
EBIT
881.9M
Net Tangible Assets
930.7M
Net Income
677.5M
Capital Expenditures
-243.6M

NXT Income Statement 2022 Annual Report

As per the latest Income Statement of NXT, the Net revenue increased by £1.0915B (31%) compared to the previous period. The operating income in 2022 increased by £531.70M (152%). The net income as per the annual report was 677.5M which increased by £390.80M (136%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue4.63B3.53B
Gross Profit1.98B1.24B
Operating Income881.9M350.2M
Income Before Tax823.1M342.4M
Net Income677.5M286.7M

Balance Sheet - NXT 2022 Annual Report

Read further: NXT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of NEXT plc showed the company increased the cash on balance sheet by £92.00M (32%). The Net tangible assets of NXT on the balance sheet were at 930.7M which is £330.30M (55%) more than previous annual report. The total stockholder equity also increased by £349.10M (53%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash383M291M
Total Assets3.98B 3.76B
Long Term Debt815.7M837M
Total Liabilities2.97B 3.1B
Total Shareholder Equity1.01B660.9M
Net Tangible Assets930.7M600.4M

Cash Flow Statement - NXT 2022 Annual Report

The 2022 annual cash flow statement of NEXT plc showed that the net income increased by £390.80M (136%) compared to previous reporting period. Also the capital expenditure of NXT decreased by £-99.00M (-68%).

As of 2022, the total cash from investing activities was -292.5M and total cash from financing activities was -993.4M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income677.5M286.7M
Capital Expenditures-243.6M-144.6M
Dividends Paid--
Total Cash From From Investing Activities-292.5M-130.9M
Total Cash From From Financing Activities-993.4M-231.7M

NEXT plc Annual Report History

Income Statement

Income Statement history of NEXT plc (LSE:NXT)

29 Jan 202230 Jan 202125 Jan 202026 Jan 2019
Total Revenue4.63B3.53B4.27B4.17B
Cost Of Revenue2.64B2.29B2.58B2.56B
Gross Profit1.98B1.24B1.68B1.61B
Research Development----
Selling General Administrative1.07B834.4M784.7M712.9M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses3.74B3.18B3.41B3.33B
Operating Income881.9M350.2M855.8M839.6M
Total Other Income Expense Net-58.8M-7.8M-107.3M-106M
Ebit881.9M350.2M855.8M839.6M
Interest Expense-86.5M-102.8M-105.4M-107.9M
Income Before Tax823.1M342.4M748.5M733.6M
Income Tax Expense145.6M55.7M138.3M134.5M
Minority Interest----
Net Income From Continuing Ops677.5M286.7M610.2M599.1M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income677.5M286.7M610.2M599.1M
Net Income Applicable To Common Shares677.5M286.7M610.2M599.1M

Balance Sheet Statement

Balance Sheet Statement history of NEXT plc (LSE:NXT)

29 Jan 202230 Jan 202125 Jan 202026 Jan 2019
Cash383M291M86.6M156.3M
Short Term Investments50M317.2M1.7M-
Net Receivables1.23B1.08B1.28B1.25B
Inventory633M536.9M527.6M502.8M
Other Current Assets60.3M29.3M25.9M33.3M
Total Current Assets2.41B2.29B1.96B1.98B
Long Term Investments64.2M44.4M53.4M46.6M
Property Plant Equipment1.24B1.19B1.43B1.51B
Good Will43.9M44.1M43.9M42.6M
Intangible Assets35.4M16.4M300k-
Other Assets190.9M169.6M189.1M166.9M
Deferred Long Term Asset Charges34M70.4M55.7M41.9M
Total Assets3.98B3.76B3.67B3.74B
Accounts Payable275.4M172.6M212.8M209.4M
Other Current Liab460M370.6M417.4M412.9M
Long Term Debt815.7M837M1.17B914.4M
Other Liab53.1M47.5M31.8M27.6M
Total Current Liabilities1.21B1.2B949.8M1.24B
Total Liab2.97B3.1B3.23B3.38B
Common Stock13.3M13.3M13.3M13.9M
Retained Earnings2.73B2.37B2.16B2.05B
Treasury Stock-1.74B-1.72B-1.74B-1.7B
Capital Surplus900k900k900k900k
Other Stockholder Equity-1.74B-1.72B-1.74B-1.7B
Total Stockholder Equity1.01B660.9M441.5M366.2M
Net Tangible Assets930.7M600.4M397.3M323.6M

Cash Flow Statement

Cash Flow Statement history of NEXT plc (LSE:NXT)

29 Jan 202230 Jan 202125 Jan 202026 Jan 2019
Net Income677.5M286.7M610.2M599.1M
Depreciation218M255.3M259.5M258.4M
Change To Netincome99.5M116.2M120.4M109.5M
Change To Account Receivables-165.4M205.4M-34M-97.6M
Change To Liabilities235.2M-29.5M-3.3M35.8M
Change To Inventory-96.5M-9.6M-25.6M-36.2M
Total Cash From Operating Activities971.4M824.8M927.2M868.8M
Capital Expenditures-243.6M-144.6M-136.4M-123.2M
Investments-34.3M-2.4M-2.4M-3M
Other Cashflows From Investing Activities4.7M28.4M28.4M28.4M
Total Cashflows From Investing Activities-292.5M-130.9M-139.1M-125.9M
Net Borrowings-483M-85M-127.4M-26.1M
Other Cashflows From Financing Activities-78.4M-101.1M-100.7M-105.5M
Total Cash From Financing Activities-993.4M-231.7M-769.2M-718.4M
Effect Of Exchange Rate-400k-300k-300k1M
Change In Cash-314.9M461.9M18.9M25.5M
Repurchase Of Stock-160M-208.3M-394.4M-386.9M
Issuance Of Stock72.5M162.7M66.9M15.8M
Dividends Paid---213.6M-215.7M