Ocado Group plc (LSE:OCDO) Annual Report 2021



The latest annual report of Ocado Group plc (OCDO) was published on 28 Nov 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 - OCDO Annual Results

Amounts in GBP

Total Revenue
2.5B
Gross Profit
935.4M
EBIT
-174.2M
Net Tangible Assets
1.1B
Net Income
-223.2M
Capital Expenditures
-558.9M

OCDO Income Statement 2021 Annual Report

As per the latest Income Statement of OCDO, the Net revenue increased by £166.50M (7%) compared to the previous period. The operating income in 2021 decreased by £-82.80M (-91%). The net income as per the annual report was -223.2M which decreased by £-88.90M (-66%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 2.5B 2.33B
Gross Profit 935.4M 800M
Operating Income -174.2M -91.4M
Income Before Tax -176.9M -52.3M
Net Income -223.2M -134.3M

Balance Sheet - OCDO 2021 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 £-238.20M (-14%). The Net tangible assets of OCDO on the balance sheet were at 1.1B which is £-427.60M (-28%) less than previous annual report. The total stockholder equity also decreased by £-173.50M (-10%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 1.47B 1.71B
Total Assets 4.38B 4B
Long Term Debt 1.3B 997.4M
Total Liabilities 2.67B 2.17B
Total Shareholder Equity 1.59B 1.76B
Net Tangible Assets 1.1B 1.53B

Cash Flow Statement - OCDO 2021 Annual Report

The 2021 annual cash flow statement of Ocado Group plc showed that the net income decreased by £-88.90M (-66%) compared to previous reporting period. Also the capital expenditure of OCDO decreased by £-214.30M (-62%).

As of 2021, the total cash from investing activities was -524M and total cash from financing activities was 282.5M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -223.2M -134.3M
Capital Expenditures -558.9M -344.6M
Dividends Paid - -
Total Cash From From Investing Activities -524M -682.8M
Total Cash From From Financing Activities 282.5M 1.53B

Ocado Group plc Annual Report History

Income Statement

Income Statement history of Ocado Group plc (LSE:OCDO)

28 Nov 2021 29 Nov 2020 01 Dec 2019 02 Dec 2018
Total Revenue 2.5B 2.33B 1.76B 1.6B
Cost Of Revenue 1.56B 1.53B 1.16B 1.05B
Gross Profit 935.4M 800M 597.3M 547.5M
Research Development - - - -
Selling General Administrative 1.21B 979M 886M 651.5M
Non Recurring - - - -
Other Operating Expenses -104M -87.6M -83.9M -71.9M
Total Operating Expenses 2.67B 2.42B 1.96B 1.63B
Operating Income -174.2M -91.4M -204.8M -32.1M
Total Other Income Expense Net -2.7M 39.1M -9.7M -12.3M
Ebit -174.2M -91.4M -204.8M -32.1M
Interest Expense -71.6M -55.9M -30.9M -14.7M
Income Before Tax -176.9M -52.3M -214.5M -44.4M
Income Tax Expense 8.8M 25.6M -2.7M 500k
Minority Interest 121.2M 71.4M 9.4M 9.4M
Net Income From Continuing Ops -185.7M -77.9M -211.8M -44.9M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -223.2M -134.3M -213.1M -44.9M
Net Income Applicable To Common Shares -223.2M -134.3M -213.1M -44.9M

Balance Sheet Statement

Balance Sheet Statement history of Ocado Group plc (LSE:OCDO)

28 Nov 2021 29 Nov 2020 01 Dec 2019 02 Dec 2018
Cash 1.47B 1.71B 640.6M 410.8M
Net Receivables 324.2M 170.8M 124.1M 91.8M
Inventory 86.7M 61.6M 52.3M 56.5M
Other Current Assets 5.8M 412M 166.2M 4.3M
Total Current Assets 1.89B 2.39B 1.01B 576.3M
Long Term Investments 26.5M 41.5M 50.5M 52.6M
Property Plant Equipment 1.75B 1.17B 837.4M 556.7M
Good Will 144.8M 4.7M 4.7M -
Intangible Assets 345.2M 231.2M 185.8M 143.2M
Other Assets 229.4M 172.1M 205.6M 21.1M
Deferred Long Term Asset Charges 7.2M 4.3M 27.2M 16.6M
Total Assets 4.38B 4B 2.29B 1.35B
Accounts Payable 93.6M 139.4M 122.4M 133.4M
Other Current Liab 46.9M 59.8M 101.7M 30.1M
Long Term Debt 1.3B 997.4M 219.7M 244.3M
Other Liab 429.8M 320.5M 217.5M 126.3M
Deferred Long Term Liab 700k 700k 800k 800k
Minority Interest 121.2M 71.4M 9.4M -
Total Current Liabilities 467M 494.1M 460.3M 329.3M
Total Liab 2.67B 2.17B 1.24B 793.3M
Common Stock 15M 15M 14.2M 14M
Retained Earnings 244.3M 421.4M 554.2M 76.7M
Treasury Stock -43.1M -36.3M -225.8M -124M
Capital Surplus 1.37B 1.36B 705.3M 589.9M
Other Stockholder Equity 69.9M 76.9M -112.2M -114.8M
Total Stockholder Equity 1.59B 1.76B 1.05B 556.6M
Net Tangible Assets 1.1B 1.53B 857.4M 413.4M

Cash Flow Statement

Cash Flow Statement history of Ocado Group plc (LSE:OCDO)

28 Nov 2021 29 Nov 2020 01 Dec 2019 02 Dec 2018
Net Income -223.2M -134.3M -213.1M -44.9M
Depreciation 164.6M 122.8M 101.1M 66.8M
Change To Netincome 6.7M 66.6M 80.6M 10.5M
Change To Account Receivables -77.5M -59.2M -29.4M -36.1M
Change To Liabilities 105.2M 150.3M 87.5M 120.5M
Change To Inventory -55.2M 38.5M -7.6M -13.6M
Total Cash From Operating Activities -16M 225.4M 51.7M 128.4M
Capital Expenditures -558.9M -344.6M -175.5M -112.8M
Investments 358.6M -260.7M 28.3M 28.3M
Other Cashflows From Investing Activities -1.8M 26.7M 18.9M 2.2M
Total Cashflows From Investing Activities -524M -682.8M -220.5M -167.9M
Net Borrowings 226.4M 896.6M -65.2M -32M
Other Cashflows From Financing Activities 54M -17.3M 560.2M -800k
Total Cash From Financing Activities 282.5M 1.53B 552.1M 300.3M
Effect Of Exchange Rate 19.3M -2.4M -2.4M -2.4M
Change In Cash -238.2M 1.07B 383.3M 260.8M
Issuance Of Stock 2.1M 646.7M 57.1M 333.1M
Dividends Paid - - - -