Persimmon Plc (LSE:PSN) Annual Report 2021



The latest annual report of Persimmon Plc (PSN) 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 - PSN Annual Results

Amounts in GBP

Total Revenue
3.61B
Gross Profit
1.08B
EBIT
959M
Net Tangible Assets
3.45B
Net Income
787.2M
Capital Expenditures
-20.9M

PSN Income Statement 2021 Annual Report

As per the latest Income Statement of PSN, the Net revenue increased by £282.20M (8%) compared to the previous period. The operating income in 2021 increased by £173.80M (22%). The net income as per the annual report was 787.2M which increased by £148.80M (23%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue3.61B3.33B
Gross Profit1.08B894.4M
Operating Income959M785.2M
Income Before Tax966.8M783.8M
Net Income787.2M638.4M

Balance Sheet - PSN 2021 Annual Report

Read further: PSN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Persimmon Plc showed the company increased the cash on balance sheet by £12.50M (1%). The Net tangible assets of PSN on the balance sheet were at 3.45B which is £113.00M (3%) more than previous annual report. The total stockholder equity also increased by £106.80M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash1.25B1.23B
Total Assets4.79B 4.62B
Long Term Debt--
Total Liabilities1.17B 1.1B
Total Shareholder Equity3.63B3.52B
Net Tangible Assets3.45B3.34B

Cash Flow Statement - PSN 2021 Annual Report

The 2021 annual cash flow statement of Persimmon Plc showed that the net income increased by £148.80M (23%) compared to previous reporting period. Also the capital expenditure of PSN decreased by £-2.00M (-11%).

As of 2021, the total cash from investing activities was -18.2M and total cash from financing activities was -754.1M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income787.2M638.4M
Capital Expenditures-20.9M-18.9M
Dividends Paid-749.6M-350.7M
Total Cash From From Investing Activities-18.2M-18.1M
Total Cash From From Financing Activities-754.1M-357.2M

Persimmon Plc Annual Report History

Income Statement

Income Statement history of Persimmon Plc (LSE:PSN)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue3.61B3.33B3.65B3.74B
Cost Of Revenue2.53B2.43B2.52B2.56B
Gross Profit1.08B894.4M1.13B1.18B
Research Development----
Selling General Administrative129M114.6M107.4M101.1M
Non Recurring----
Other Operating Expenses-4.2M-5.4M-6.8M-4.3M
Total Operating Expenses2.65B2.54B2.62B2.65B
Operating Income959M785.2M1.03B1.08B
Total Other Income Expense Net7.8M-1.4M10.7M7.7M
Ebit959M785.2M1.03B1.08B
Interest Expense-3.6M-8.6M-9.1M-12.3M
Income Before Tax966.8M783.8M1.04B1.09B
Income Tax Expense179.6M145.4M192M204.4M
Minority Interest----
Net Income From Continuing Ops787.2M638.4M848.8M886.4M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income787.2M638.4M848.8M886.4M
Net Income Applicable To Common Shares787.2M638.4M848.8M886.4M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.25B1.23B843.9M1.05B
Net Receivables145.2M102.8M61.9M105.9M
Inventory2.92B2.9B3.16B3.06B
Total Current Assets4.32B4.24B4.07B4.22B
Long Term Investments300k2.1M2.1M3M
Property Plant Equipment99M90.4M82M58M
Good Will115.6M121.8M126.1M133.4M
Intangible Assets60M60M60M60M
Other Assets194.8M104M150.5M181.6M
Deferred Long Term Asset Charges9.7M7.7M6.6M13.4M
Total Assets4.79B4.62B4.49B4.65B
Accounts Payable227.2M206.5M224.1M238.7M
Other Current Liab370M337.5M400.5M480.9M
Other Liab273M220.4M225.9M333.3M
Total Current Liabilities885.2M874.7M996.2M1.12B
Total Liab1.17B1.1B1.23B1.46B
Common Stock31.9M31.9M31.9M31.7M
Retained Earnings3.06B2.95B2.69B2.63B
Treasury Stock513.3M513.3M513.3M513.3M
Capital Surplus24.9M22.3M19.2M15.5M
Other Stockholder Equity513.3M513.3M513.3M513.3M
Total Stockholder Equity3.63B3.52B3.26B3.19B
Net Tangible Assets3.45B3.34B3.07B3B
Long Term Debt----

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income787.2M638.4M848.8M886.4M
Depreciation14.5M14.1M13.3M10M
Change To Netincome-3.9M-5.7M33.5M51.2M
Change To Account Receivables-59.5M-45.8M6.3M-26.7M
Change To Liabilities37.4M-116.9M-225.6M-82.7M
Change To Inventory-9.8M265M-87.7M-225.5M
Change To Operating Activities18.9M16.4M31.4M41.6M
Total Cash From Operating Activities784.8M765.5M620M654.3M
Capital Expenditures-20.9M-18.9M-27.5M-15.5M
Investments1.8M1.8M900k900k
Total Cashflows From Investing Activities-18.2M-18.1M-25.9M-15M
Dividends Paid-749.6M-350.7M-747.8M-732.3M
Net Borrowings-3.3M-3.6M-3.8M-3.8M
Other Cashflows From Financing Activities-3.8M-6M-50.6M-163.1M
Total Cash From Financing Activities-754.1M-357.2M-798.3M-893.9M
Change In Cash12.5M390.2M-204.2M-254.6M
Issuance Of Stock2.6M3.1M3.9M2.8M