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
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

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)

2021 2020
Total Revenue 3.61B 3.33B
Gross Profit 1.08B 894.4M
Operating Income 959M 785.2M
Income Before Tax 966.8M 783.8M
Net Income 787.2M 638.4M

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)

2021 2020
Cash 1.25B 1.23B
Total Assets 4.79B 4.62B
Long Term Debt - -
Total Liabilities 1.17B 1.1B
Total Shareholder Equity 3.63B 3.52B
Net Tangible Assets 3.45B 3.34B

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)

2021 2020
Net Income 787.2M 638.4M
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 3.61B 3.33B 3.65B 3.74B
Cost Of Revenue 2.53B 2.43B 2.52B 2.56B
Gross Profit 1.08B 894.4M 1.13B 1.18B
Research Development - - - -
Selling General Administrative 129M 114.6M 107.4M 101.1M
Non Recurring - - - -
Other Operating Expenses -4.2M -5.4M -6.8M -4.3M
Total Operating Expenses 2.65B 2.54B 2.62B 2.65B
Operating Income 959M 785.2M 1.03B 1.08B
Total Other Income Expense Net 7.8M -1.4M 10.7M 7.7M
Ebit 959M 785.2M 1.03B 1.08B
Interest Expense -3.6M -8.6M -9.1M -12.3M
Income Before Tax 966.8M 783.8M 1.04B 1.09B
Income Tax Expense 179.6M 145.4M 192M 204.4M
Minority Interest - - - -
Net Income From Continuing Ops 787.2M 638.4M 848.8M 886.4M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 787.2M 638.4M 848.8M 886.4M
Net Income Applicable To Common Shares 787.2M 638.4M 848.8M 886.4M

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 1.25B 1.23B 843.9M 1.05B
Net Receivables 145.2M 102.8M 61.9M 105.9M
Inventory 2.92B 2.9B 3.16B 3.06B
Total Current Assets 4.32B 4.24B 4.07B 4.22B
Long Term Investments 300k 2.1M 2.1M 3M
Property Plant Equipment 99M 90.4M 82M 58M
Good Will 115.6M 121.8M 126.1M 133.4M
Intangible Assets 60M 60M 60M 60M
Other Assets 194.8M 104M 150.5M 181.6M
Deferred Long Term Asset Charges 9.7M 7.7M 6.6M 13.4M
Total Assets 4.79B 4.62B 4.49B 4.65B
Accounts Payable 227.2M 206.5M 224.1M 238.7M
Other Current Liab 370M 337.5M 400.5M 480.9M
Other Liab 273M 220.4M 225.9M 333.3M
Total Current Liabilities 885.2M 874.7M 996.2M 1.12B
Total Liab 1.17B 1.1B 1.23B 1.46B
Common Stock 31.9M 31.9M 31.9M 31.7M
Retained Earnings 3.06B 2.95B 2.69B 2.63B
Treasury Stock 513.3M 513.3M 513.3M 513.3M
Capital Surplus 24.9M 22.3M 19.2M 15.5M
Other Stockholder Equity 513.3M 513.3M 513.3M 513.3M
Total Stockholder Equity 3.63B 3.52B 3.26B 3.19B
Net Tangible Assets 3.45B 3.34B 3.07B 3B
Long Term Debt - - - -

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 787.2M 638.4M 848.8M 886.4M
Depreciation 14.5M 14.1M 13.3M 10M
Change To Netincome -3.9M -5.7M 33.5M 51.2M
Change To Account Receivables -59.5M -45.8M 6.3M -26.7M
Change To Liabilities 37.4M -116.9M -225.6M -82.7M
Change To Inventory -9.8M 265M -87.7M -225.5M
Change To Operating Activities 18.9M 16.4M 31.4M 41.6M
Total Cash From Operating Activities 784.8M 765.5M 620M 654.3M
Capital Expenditures -20.9M -18.9M -27.5M -15.5M
Investments 1.8M 1.8M 900k 900k
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 Cash 12.5M 390.2M -204.2M -254.6M
Issuance Of Stock 2.6M 3.1M 3.9M 2.8M