Persimmon Plc (LSE:PSN) Annual Report 2022

The latest annual report of Persimmon Plc (PSN) was published on 31 Dec 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 - PSN Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

PSN Income Statement 2022 Annual Report

As per the latest Income Statement of PSN, the Net revenue increased by £205.30M (6%) compared to the previous period. The operating income in 2022 decreased by £-236.60M (-25%). The net income as per the annual report was 561M which decreased by £-226.20M (-29%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 3.82B 3.61B
Gross Profit 867.5M 1.08B
Operating Income 722.4M 959M
Income Before Tax 730.7M 966.8M
Net Income 561M 787.2M

Balance Sheet - PSN 2022 Annual Report

Read further: PSN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Persimmon Plc showed the company reduced the cash on balance sheet by £-385.00M (-31%). The Net tangible assets of PSN on the balance sheet were at 3.27B which is £-183.30M (-5%) less than previous annual report. The total stockholder equity also decreased by £-185.90M (-5%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 861.6M 1.25B
Total Assets 5.03B 4.79B
Long Term Debt - -
Total Liabilities 1.59B 1.17B
Total Shareholder Equity 3.44B 3.63B
Net Tangible Assets 3.27B 3.45B

Cash Flow Statement - PSN 2022 Annual Report

The 2022 annual cash flow statement of Persimmon Plc showed that the net income decreased by £-226.20M (-29%) compared to previous reporting period. Also the capital expenditure of PSN decreased by £-9.60M (-46%).

As of 2022, the total cash from investing activities was -29.8M and total cash from financing activities was -757.5M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 561M 787.2M
Capital Expenditures -30.5M -20.9M
Dividends Paid -750.1M -749.6M
Total Cash From From Investing Activities -29.8M -18.2M
Total Cash From From Financing Activities -757.5M -754.1M

Persimmon Plc Annual Report History

Income Statement

Income Statement history of Persimmon Plc (LSE:PSN)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 3.82B 3.61B 3.33B 3.65B
Cost Of Revenue 2.95B 2.53B 2.43B 2.52B
Gross Profit 867.5M 1.08B 894.4M 1.13B
Research Development - - - -
Selling General Administrative 150.1M 129M 114.6M 107.4M
Non Recurring - - - -
Other Operating Expenses -5M -4.2M -5.4M -6.8M
Total Operating Expenses 3.09B 2.65B 2.54B 2.62B
Operating Income 722.4M 959M 785.2M 1.03B
Total Other Income Expense Net 8.3M 7.8M -1.4M 10.7M
Ebit 722.4M 959M 785.2M 1.03B
Interest Expense -4.1M -3.6M -8.6M -9.1M
Income Before Tax 730.7M 966.8M 783.8M 1.04B
Income Tax Expense 169.7M 179.6M 145.4M 192M
Minority Interest - - - -
Net Income From Continuing Ops 561M 787.2M 638.4M 848.8M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 561M 787.2M 638.4M 848.8M
Net Income Applicable To Common Shares 561M 787.2M 638.4M 848.8M

Balance Sheet Statement

Balance Sheet Statement history of Persimmon Plc (LSE:PSN)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 861.6M 1.25B 1.23B 843.9M
Net Receivables 200.3M 145.2M 102.8M 61.9M
Inventory 3.46B 2.92B 2.9B 3.16B
Total Current Assets 4.55B 4.32B 4.24B 4.07B
Long Term Investments 300k 300k 2.1M 2.1M
Property Plant Equipment 118.6M 99M 90.4M 82M
Good Will 113M 115.6M 121.8M 126.1M
Intangible Assets 60M 60M 60M 60M
Other Assets 195.8M 194.8M 104M 150.5M
Deferred Long Term Asset Charges 10.5M 9.7M 7.7M 6.6M
Total Assets 5.03B 4.79B 4.62B 4.49B
Accounts Payable 368.6M 227.2M 206.5M 224.1M
Other Current Liab 466.9M 370M 337.5M 400.5M
Other Liab 492.4M 273M 220.4M 225.9M
Total Current Liabilities 1.09B 885.2M 874.7M 996.2M
Total Liab 1.59B 1.17B 1.1B 1.23B
Common Stock 31.9M 31.9M 31.9M 31.9M
Retained Earnings 2.87B 3.06B 2.95B 2.69B
Treasury Stock 513.3M 513.3M 513.3M 513.3M
Capital Surplus 25.6M 24.9M 22.3M 19.2M
Other Stockholder Equity 513.3M 513.3M 513.3M 513.3M
Total Stockholder Equity 3.44B 3.63B 3.52B 3.26B
Net Tangible Assets 3.27B 3.45B 3.34B 3.07B
Long Term Debt - - - -

Cash Flow Statement

Cash Flow Statement history of Persimmon Plc (LSE:PSN)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 561M 787.2M 638.4M 848.8M
Depreciation 15.8M 14.5M 14.1M 13.3M
Change To Netincome 284.7M -3.9M -5.7M 33.5M
Change To Account Receivables -81.1M -59.5M -45.8M 6.3M
Change To Liabilities 141.1M 37.4M -116.9M -225.6M
Change To Inventory -532.5M -9.8M 265M -87.7M
Change To Operating Activities 13.3M 18.9M 16.4M 31.4M
Total Cash From Operating Activities 402.3M 784.8M 765.5M 620M
Capital Expenditures -30.5M -20.9M -18.9M -27.5M
Total Cashflows From Investing Activities -29.8M -18.2M -18.1M -25.9M
Dividends Paid -750.1M -749.6M -350.7M -747.8M
Net Borrowings -3.3M -3.3M -3.6M -3.8M
Other Cashflows From Financing Activities -4.1M -3.8M -6M -50.6M
Total Cash From Financing Activities -757.5M -754.1M -357.2M -798.3M
Change In Cash -385M 12.5M 390.2M -204.2M
Repurchase Of Stock -700k -700k -700k -700k
Issuance Of Stock 700k 2.6M 3.1M 3.9M