Ocado Group plc (LSE:OCDO) Annual Report 2022
The latest annual report of Ocado Group plc (OCDO) was published on 27 Nov 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 - OCDO Annual Results
Amounts in GBP
OCDO Income Statement 2022 Annual Report
As per the latest Income Statement of OCDO, the Net revenue increased by £15.50M (1%) compared to the previous period. The operating income in 2022 decreased by £-245.60M (-140%). The net income as per the annual report was -455.5M which decreased by £-232.30M (-104%) compared to previous year.
Income Statement Report (2022/2021)
| 2022 | 2021 | |
|---|---|---|
| Total Revenue | 2.51B | 2.5B |
| Gross Profit | 964.3M | 935.4M |
| Operating Income | -421.3M | -175.7M |
| Income Before Tax | -500.8M | -176.9M |
| Net Income | -455.5M | -223.2M |
Balance Sheet - OCDO 2022 Annual Report
Read further: OCDO Balance Sheet Detailed Analysis
The latest balance sheet from annual result of Ocado Group plc showed the company reduced the cash on balance sheet by £-140.60M (-10%). The Net tangible assets of OCDO on the balance sheet were at 1.3B which is £197.80M (18%) more than previous annual report. The total stockholder equity also increased by £249.70M (16%) compared to previous reporting period.
Balance Sheet Statement Report (2022/2021)
| 2022 | 2021 | |
|---|---|---|
| Cash | 1.33B | 1.47B |
| Total Assets | 4.81B | 4.38B |
| Long Term Debt | 1.36B | 1.3B |
| Total Liabilities | 2.88B | 2.67B |
| Total Shareholder Equity | 1.84B | 1.59B |
| Net Tangible Assets | 1.3B | 1.1B |
Cash Flow Statement - OCDO 2022 Annual Report
The 2022 annual cash flow statement of Ocado Group plc showed that the net income decreased by £-232.30M (-104%) compared to previous reporting period. Also the capital expenditure of OCDO decreased by £-89.90M (-16%).
As of 2022, the total cash from investing activities was -717.4M and total cash from financing activities was 547.1M.
Cash Flow Statement Report (2022/2021)
| 2022 | 2021 | |
|---|---|---|
| Net Income | -455.5M | -223.2M |
| Capital Expenditures | -648.8M | -558.9M |
| Dividends Paid | - | - |
| Total Cash From From Investing Activities | -717.4M | -524M |
| Total Cash From From Financing Activities | 547.1M | 282.5M |
Ocado Group plc Annual Report History
Income Statement
Income Statement history of Ocado Group plc (LSE:OCDO)
| 27 Nov 2022 | 28 Nov 2021 | 29 Nov 2020 | 01 Dec 2019 | |
|---|---|---|---|---|
| Total Revenue | 2.51B | 2.5B | 2.33B | 1.76B |
| Cost Of Revenue | 1.55B | 1.56B | 1.53B | 1.16B |
| Gross Profit | 964.3M | 935.4M | 800M | 597.3M |
| Research Development | - | - | - | - |
| Selling General Administrative | 1.49B | 1.22B | 979M | 886M |
| Non Recurring | - | - | - | - |
| Other Operating Expenses | -100.7M | -104M | -87.6M | -83.9M |
| Total Operating Expenses | 2.94B | 2.67B | 2.42B | 1.96B |
| Operating Income | -421.3M | -175.7M | -91.4M | -204.8M |
| Total Other Income Expense Net | -79.5M | -1.2M | 39.1M | -9.7M |
| Ebit | -421.3M | -175.7M | -91.4M | -204.8M |
| Interest Expense | -90M | -71.6M | -55.9M | -30.9M |
| Income Before Tax | -500.8M | -176.9M | -52.3M | -214.5M |
| Income Tax Expense | -19.5M | 8.8M | 25.6M | -2.7M |
| Minority Interest | 96.4M | 121.2M | 71.4M | 9.4M |
| Net Income From Continuing Ops | -481.3M | -185.7M | -77.9M | -211.8M |
| Discontinued Operations | - | - | - | - |
| Extraordinary Items | - | - | - | - |
| Effect Of Accounting Charges | - | - | - | - |
| Other Items | - | - | - | - |
| Net Income | -455.5M | -223.2M | -134.3M | -213.1M |
| Net Income Applicable To Common Shares | -455.5M | -223.2M | -134.3M | -213.1M |
Balance Sheet Statement
Balance Sheet Statement history of Ocado Group plc (LSE:OCDO)
| 27 Nov 2022 | 28 Nov 2021 | 29 Nov 2020 | 01 Dec 2019 | |
|---|---|---|---|---|
| Cash | 1.33B | 1.47B | 1.71B | 640.6M |
| Net Receivables | 252.8M | 324.2M | 170.8M | 124.1M |
| Inventory | 106.8M | 86.7M | 61.6M | 52.3M |
| Other Current Assets | 9M | 5.8M | 412M | 166.2M |
| Total Current Assets | 1.77B | 1.89B | 2.39B | 1.01B |
| Long Term Investments | 15.6M | 26.5M | 41.5M | 50.5M |
| Property Plant Equipment | 2.27B | 1.75B | 1.17B | 837.4M |
| Good Will | 164.7M | 144.8M | 4.7M | 4.7M |
| Intangible Assets | 377.2M | 345.2M | 231.2M | 185.8M |
| Other Assets | 210.9M | 229.4M | 172.1M | 205.6M |
| Deferred Long Term Asset Charges | 1.9M | 7.2M | 4.3M | 27.2M |
| Total Assets | 4.81B | 4.38B | 4B | 2.29B |
| Accounts Payable | 506.3M | 93.6M | 139.4M | 122.4M |
| Other Current Liab | 31M | 46.9M | 59.8M | 101.7M |
| Long Term Debt | 1.36B | 1.3B | 997.4M | 219.7M |
| Other Liab | 435.8M | 429.8M | 320.5M | 217.5M |
| Minority Interest | 96.4M | 121.2M | 71.4M | 9.4M |
| Total Current Liabilities | 606.8M | 467M | 494.1M | 460.3M |
| Total Liab | 2.88B | 2.67B | 2.17B | 1.24B |
| Common Stock | 16.5M | 15M | 15M | 14.2M |
| Retained Earnings | -169M | 244.3M | 421.4M | 554.2M |
| Treasury Stock | 51.1M | -43.1M | -36.3M | -225.8M |
| Capital Surplus | 1.94B | 1.37B | 1.36B | 705.3M |
| Other Stockholder Equity | 164M | 69.9M | 76.9M | -112.2M |
| Total Stockholder Equity | 1.84B | 1.59B | 1.76B | 1.05B |
| Net Tangible Assets | 1.3B | 1.1B | 1.53B | 857.4M |
Cash Flow Statement
Cash Flow Statement history of Ocado Group plc (LSE:OCDO)
| 27 Nov 2022 | 28 Nov 2021 | 29 Nov 2020 | 01 Dec 2019 | |
|---|---|---|---|---|
| Net Income | -455.5M | -223.2M | -134.3M | -213.1M |
| Depreciation | 335.1M | 228M | 122.8M | 101.1M |
| Change To Netincome | 17.6M | 6.7M | 66.6M | 80.6M |
| Change To Account Receivables | -50.4M | -77.5M | -59.2M | -29.4M |
| Change To Liabilities | 172M | 105.2M | 150.3M | 87.5M |
| Change To Inventory | -10.9M | -55.2M | 38.5M | -7.6M |
| Total Cash From Operating Activities | 7.9M | -16M | 225.4M | 51.7M |
| Capital Expenditures | -648.8M | -558.9M | -344.6M | -175.5M |
| Other Cashflows From Investing Activities | 74M | -1.8M | 26.7M | 18.9M |
| Total Cashflows From Investing Activities | -717.4M | -524M | -682.8M | -220.5M |
| Net Borrowings | -16.8M | 226.4M | 896.6M | -65.2M |
| Other Cashflows From Financing Activities | -2.6M | 54M | -17.3M | 560.2M |
| Total Cash From Financing Activities | 547.1M | 282.5M | 1.53B | 552.1M |
| Effect Of Exchange Rate | 21.8M | 19.3M | -2.4M | -2.4M |
| Change In Cash | -140.6M | -238.2M | 1.07B | 383.3M |
| Issuance Of Stock | 566.5M | 2.1M | 646.7M | 57.1M |
| Dividends Paid | - | - | - | - |