Pearson plc (LSE:PSON) Annual Report 2021

The latest annual report of Pearson plc (PSON) 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 - PSON Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

PSON Income Statement 2021 Annual Report

As per the latest Income Statement of PSON, the Net revenue increased by £31.00M (1%) compared to the previous period. The operating income in 2021 increased by £109.00M (47%). The net income as per the annual report was 159M which decreased by £-151.00M (-49%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 3.43B 3.4B
Gross Profit 1.68B 1.63B
Operating Income 341M 232M
Income Before Tax 157M 354M
Net Income 159M 310M

Balance Sheet - PSON 2021 Annual Report

Read further: PSON Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Pearson plc showed the company reduced the cash on balance sheet by £-160.00M (-15%). The Net tangible assets of PSON on the balance sheet were at 1.5B which is £118.00M (9%) more than previous annual report. The total stockholder equity also increased by £145.00M (4%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 937M 1.1B
Total Assets 7.34B 7.45B
Long Term Debt 710M 827M
Total Liabilities 3.06B 3.32B
Total Shareholder Equity 4.27B 4.12B
Net Tangible Assets 1.5B 1.38B

Cash Flow Statement - PSON 2021 Annual Report

The 2021 annual cash flow statement of Pearson plc showed that the net income decreased by £-151.00M (-49%) compared to previous reporting period. Also the capital expenditure of PSON decreased by £-11.00M (-21%).

As of 2021, the total cash from investing activities was -80M and total cash from financing activities was -414M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 159M 310M
Capital Expenditures -64M -53M
Dividends Paid -149M -146M
Total Cash From From Investing Activities -80M 591M
Total Cash From From Financing Activities -414M -299M

Pearson plc Annual Report History

Income Statement

Income Statement history of Pearson plc (LSE:PSON)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 3.43B 3.4B 3.87B 4.13B
Cost Of Revenue 1.75B 1.77B 1.86B 1.94B
Gross Profit 1.68B 1.63B 2.01B 2.19B
Research Development - - - -
Selling General Administrative 1.38B 1.44B 1.69B 1.88B
Non Recurring - - - -
Other Operating Expenses -41M -43M -54M -69M
Total Operating Expenses 3.09B 3.17B 3.49B 3.75B
Operating Income 341M 232M 375M 380M
Total Other Income Expense Net -184M 122M -143M 118M
Ebit 341M 232M 375M 380M
Interest Expense -68M -79M -67M -42M
Income Before Tax 157M 354M 232M 498M
Income Tax Expense -3M 44M -34M -92M
Minority Interest 10M 9M 10M 9M
Net Income From Continuing Ops 160M 310M 266M 590M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 159M 310M 264M 588M
Net Income Applicable To Common Shares 159M 310M 264M 588M

Balance Sheet Statement

Balance Sheet Statement history of Pearson plc (LSE:PSON)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 937M 1.1B 437M 568M
Net Receivables 1.08B 927M 1.13B 1.07B
Inventory 98M 129M 169M 164M
Other Current Assets 905M 998M 1.28B 1.47B
Total Current Assets 3.22B 3.34B 3.17B 3.38B
Long Term Investments 137M 144M 129M 501M
Property Plant Equipment 366M 515M 618M 237M
Good Will 2.15B 2.09B 2.14B 2.11B
Intangible Assets 624M 648M 761M 898M
Other Assets 850M 710M 830M 782M
Deferred Long Term Asset Charges 57M 32M 59M 60M
Total Assets 7.34B 7.45B 7.65B 7.91B
Accounts Payable 351M 340M 358M 311M
Short Long Term Debt 91M 193M 18M 55M
Other Current Liab 699M 702M 691M 1.31B
Long Term Debt 710M 827M 847M 708M
Other Liab 208M 235M 239M 536M
Minority Interest 10M 9M 10M 9M
Total Current Liabilities 1.58B 1.65B 1.49B 2.13B
Total Liab 3.06B 3.32B 3.33B 3.38B
Common Stock 189M 188M 195M 195M
Retained Earnings 1.03B 865M 911M 1.04B
Treasury Stock 425M 452M 593M 675M
Capital Surplus 2.63B 2.62B 2.61B 2.61B
Other Stockholder Equity 437M 459M 617M 708M
Total Stockholder Equity 4.27B 4.12B 4.31B 4.52B
Net Tangible Assets 1.5B 1.38B 1.41B 1.51B

Cash Flow Statement

Cash Flow Statement history of Pearson plc (LSE:PSON)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 159M 310M 264M 588M
Depreciation 145M 193M 209M 165M
Change To Netincome -99M -196M -155M -443M
Change To Account Receivables -71M -1M 59M -15M
Change To Liabilities 37M -26M -157M 35M
Change To Inventory 22M 35M -20M -10M
Change To Operating Activities 20M -38M 54M 54M
Total Cash From Operating Activities 326M 389M 369M 462M
Capital Expenditures -64M -53M -55M -70M
Investments 34M 525M -47M 22M
Other Cashflows From Investing Activities 13M 65M 34M 183M
Total Cashflows From Investing Activities -80M 591M -325M 211M
Dividends Paid -149M -146M -147M -136M
Net Borrowings -255M 24M 91M -445M
Total Cash From Financing Activities -414M -299M -102M -729M
Effect Of Exchange Rate -8M -2M -33M -49M
Change In Cash -176M 679M -91M -105M
Repurchase Of Stock -16M -182M -52M -153M
Issuance Of Stock 6M 6M 7M 6M