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	3.76B	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	181.12B	174.18B	127.59B	119.79B
Long Term Debt	3.76B	4.34B	2.25B	2.87B
Other Liab	124.28B	124.53B	89.23B	84.19B
Minority Interest	460M	341M	314M	294M
Total Current Liabilities	198.9B	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	-	-	-	-