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)

20212020
Total Revenue23.22B21.8B
Gross Profit777M3.22B
Operating Income-1.42B1.15B
Income Before Tax-430M1.27B
Net Income-837M798M

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)

20212020
Cash9.11B414M
Total Assets333.8B 334.32B
Long Term Debt3.76B4.34B
Total Liabilities327.03B 326.45B
Total Shareholder Equity6.31B7.53B
Net Tangible Assets6.07B7.3B

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)

20212020
Net Income-837M798M
Capital Expenditures--
Dividends Paid-511M-432M
Total Cash From From Investing Activities304M-979M
Total Cash From From Financing Activities-1.09B757M

Phoenix Group Holdings plc Annual Report History

Income Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue23.22B21.8B29.14B-6.89B
Cost Of Revenue22.44B18.59B26.54B-8.04B
Gross Profit777M3.22B2.6B1.15B
Research Development----
Selling General Administrative2.09B1.72B1.42B1.01B
Non Recurring----
Other Operating Expenses87M331M434M-199M
Total Operating Expenses24.64B20.65B28.41B-7.21B
Operating Income-1.42B1.15B727M321M
Total Other Income Expense Net993M117M-376M-62M
Ebit-1.42B1.15B727M321M
Interest Expense-242M-234M-162M-142M
Income Before Tax-430M1.27B351M259M
Income Tax Expense279M436M235M-151M
Minority Interest460M341M314M294M
Net Income From Continuing Ops-709M834M116M410M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-837M798M85M379M
Net Income Applicable To Common Shares-860M775M62M367M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash9.11B414M265M354M
Net Receivables1.23B1.29B775M877M
Other Current Assets29.54B30.43B21.01B20.87B
Total Current Assets44.82B39.36B26.76B26.13B
Long Term Investments278.17B278.25B202.24B190.25B
Property Plant Equipment130M119M109M48M
Good Will10M57M57M57M
Intangible Assets4.66B5.26B3.96B4.28B
Other Assets6.01B11.27B9.55B9.22B
Total Assets333.8B334.32B242.68B229.98B
Accounts Payable16.68B22.53B17.59B16.8B
Short Long Term Debt467M322M12M12M
Other Current Liab181.12B174.18B127.59B119.79B
Long Term Debt3.76B4.34B2.25B2.87B
Other Liab124.28B124.53B89.23B84.19B
Minority Interest460M341M314M294M
Total Current Liabilities198.9B197.5B145.53B136.97B
Total Liab327.03B326.45B237.08B224.03B
Common Stock100M100M72M72M
Retained Earnings3.77B4.97B4.65B1.92B
Treasury Stock2.43B2.46B554M583M
Capital Surplus6M4M2M3.08B
Other Stockholder Equity2.43B2.46B554M583M
Total Stockholder Equity6.31B7.53B5.28B5.66B
Net Tangible Assets6.07B7.3B5.03B5.39B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income-837M798M85M379M
Depreciation38M46M38M20M
Change To Netincome-10.2B-11.02B-18.57B12.69B
Change To Liabilities----
Change To Operating Activities9.4B16.46B18.14B-13.64B
Total Cash From Operating Activities-1.02B6.75B68M-353M
Total Cashflows From Investing Activities304M-979M-979M1.61B
Dividends Paid-511M-432M-367M-276M
Net Borrowings-339M1.37B-49M369M
Other Cashflows From Financing Activities-246M-185M-114M-96M
Total Cash From Financing Activities-1.09B757M-528M1.43B
Change In Cash-1.89B6.53B-460M2.68B
Issuance Of Stock2M2M2M1.43B
Capital Expenditures----