Phoenix Group Holdings plc (LSE:PHNX) Annual Report 2021



The latest annual report of Phoenix Group Holdings plc (PHNX) was published on 31 Dec 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 - PHNX Annual Results

Amounts in GBP

Total Revenue
23.22B
Gross Profit
777M
EBIT
-1.42B
Net Tangible Assets
6.07B
Net Income
-837M
Capital Expenditures
-

PHNX Income Statement 2021 Annual Report

As per the latest Income Statement of PHNX, the Net revenue increased by £1.415B (6%) compared to the previous period. The operating income in 2021 decreased by £-2.576B (-223%). The net income as per the annual report was -837M which decreased by £-1.635B (-205%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 23.22B 21.8B
Gross Profit 777M 3.22B
Operating Income -1.42B 1.15B
Income Before Tax -430M 1.27B
Net Income -837M 798M

Balance Sheet - PHNX 2021 Annual Report

Read further: PHNX Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Phoenix Group Holdings plc showed the company increased the cash on balance sheet by £8.698B (2101%). The Net tangible assets of PHNX on the balance sheet were at 6.07B which is £-1.236B (-17%) less than previous annual report. The total stockholder equity also decreased by £-1.222B (-16%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 9.11B 414M
Total Assets 333.8B 334.32B
Long Term Debt 4.26B 4.34B
Total Liabilities 327.03B 326.45B
Total Shareholder Equity 6.31B 7.53B
Net Tangible Assets 6.07B 7.3B

Cash Flow Statement - PHNX 2021 Annual Report

The 2021 annual cash flow statement of Phoenix Group Holdings plc showed that the net income decreased by £-1.635B (-205%) compared to previous reporting period. Also the capital expenditure of PHNX increased by £NaN (NaN%).

As of 2021, the total cash from investing activities was 304M and total cash from financing activities was -1.09B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income -837M 798M
Capital Expenditures - -
Dividends Paid -511M -432M
Total Cash From From Investing Activities 304M -979M
Total Cash From From Financing Activities -1.09B 757M

Phoenix Group Holdings plc Annual Report History

Income Statement

Income Statement history of Phoenix Group Holdings plc (LSE:PHNX)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 23.22B 21.8B 29.14B -6.89B
Cost Of Revenue 22.44B 18.59B 26.54B -8.04B
Gross Profit 777M 3.22B 2.6B 1.15B
Research Development - - - -
Selling General Administrative 2.09B 1.72B 1.42B 1.01B
Non Recurring - - - -
Other Operating Expenses 87M 331M 434M -199M
Total Operating Expenses 24.64B 20.65B 28.41B -7.21B
Operating Income -1.42B 1.15B 727M 321M
Total Other Income Expense Net 993M 117M -376M -62M
Ebit -1.42B 1.15B 727M 321M
Interest Expense -242M -234M -162M -142M
Income Before Tax -430M 1.27B 351M 259M
Income Tax Expense 279M 436M 235M -151M
Minority Interest 460M 341M 314M 294M
Net Income From Continuing Ops -709M 834M 116M 410M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -837M 798M 85M 379M
Net Income Applicable To Common Shares -860M 775M 62M 367M

Balance Sheet Statement

Balance Sheet Statement history of Phoenix Group Holdings plc (LSE:PHNX)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 9.11B 414M 265M 354M
Net Receivables 1.23B 1.29B 775M 877M
Other Current Assets 29.54B 30.43B 21.01B 20.87B
Total Current Assets 44.82B 39.36B 26.76B 26.13B
Long Term Investments 278.17B 278.25B 202.24B 190.25B
Property Plant Equipment 130M 119M 109M 48M
Good Will 10M 57M 57M 57M
Intangible Assets 4.66B 5.26B 3.96B 4.28B
Other Assets 6.01B 11.27B 9.55B 9.22B
Total Assets 333.8B 334.32B 242.68B 229.98B
Accounts Payable 16.68B 22.53B 17.59B 16.8B
Short Long Term Debt 467M 322M 12M 12M
Other Current Liab 179.96B 174.18B 127.59B 119.79B
Long Term Debt 4.26B 4.34B 2.25B 2.87B
Other Liab 124.94B 124.53B 89.23B 84.19B
Minority Interest 460M 341M 314M 294M
Total Current Liabilities 197.74B 197.5B 145.53B 136.97B
Total Liab 327.03B 326.45B 237.08B 224.03B
Common Stock 100M 100M 72M 72M
Retained Earnings 3.77B 4.97B 4.65B 1.92B
Treasury Stock 2.43B 2.46B 554M 583M
Capital Surplus 6M 4M 2M 3.08B
Other Stockholder Equity 2.43B 2.46B 554M 583M
Total Stockholder Equity 6.31B 7.53B 5.28B 5.66B
Net Tangible Assets 6.07B 7.3B 5.03B 5.39B

Cash Flow Statement

Cash Flow Statement history of Phoenix Group Holdings plc (LSE:PHNX)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income -837M 798M 85M 379M
Depreciation 38M 46M 38M 20M
Change To Netincome -10.2B -11.02B -18.57B 12.69B
Change To Liabilities - - - -
Change To Operating Activities 9.4B 16.46B 18.14B -13.64B
Total Cash From Operating Activities -1.02B 6.75B 68M -353M
Total Cashflows From Investing Activities 304M -979M -979M 1.61B
Dividends Paid -511M -432M -367M -276M
Net Borrowings -339M 1.37B -49M 369M
Other Cashflows From Financing Activities -246M -185M -114M -96M
Total Cash From Financing Activities -1.09B 757M -528M 1.43B
Change In Cash -1.89B 6.53B -460M 2.68B
Issuance Of Stock 2M 2M 2M 1.43B
Capital Expenditures - - - -