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
3.43B
Gross Profit
1.68B
EBIT
341M
Net Tangible Assets
1.5B
Net Income
159M
Capital Expenditures
-64M

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)

20212020
Total Revenue3.43B3.4B
Gross Profit1.68B1.63B
Operating Income341M232M
Income Before Tax157M354M
Net Income159M310M

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)

20212020
Cash937M1.1B
Total Assets7.34B 7.45B
Long Term Debt710M827M
Total Liabilities3.06B 3.32B
Total Shareholder Equity4.27B4.12B
Net Tangible Assets1.5B1.38B

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)

20212020
Net Income159M310M
Capital Expenditures-64M-53M
Dividends Paid-149M-146M
Total Cash From From Investing Activities-80M591M
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 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue3.43B3.4B3.87B4.13B
Cost Of Revenue1.75B1.77B1.86B1.94B
Gross Profit1.68B1.63B2.01B2.19B
Research Development----
Selling General Administrative1.38B1.44B1.69B1.88B
Non Recurring----
Other Operating Expenses-41M-43M-54M-69M
Total Operating Expenses3.09B3.17B3.49B3.75B
Operating Income341M232M375M380M
Total Other Income Expense Net-184M122M-143M118M
Ebit341M232M375M380M
Interest Expense-68M-79M-67M-42M
Income Before Tax157M354M232M498M
Income Tax Expense-3M44M-34M-92M
Minority Interest10M9M10M9M
Net Income From Continuing Ops160M310M266M590M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income159M310M264M588M
Net Income Applicable To Common Shares159M310M264M588M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash937M1.1B437M568M
Net Receivables1.08B927M1.13B1.07B
Inventory98M129M169M164M
Other Current Assets905M998M1.28B1.47B
Total Current Assets3.22B3.34B3.17B3.38B
Long Term Investments137M144M129M501M
Property Plant Equipment366M515M618M237M
Good Will2.15B2.09B2.14B2.11B
Intangible Assets624M648M761M898M
Other Assets850M710M830M782M
Deferred Long Term Asset Charges57M32M59M60M
Total Assets7.34B7.45B7.65B7.91B
Accounts Payable351M340M358M311M
Short Long Term Debt91M193M18M55M
Other Current Liab699M702M691M1.31B
Long Term Debt710M827M847M708M
Other Liab208M235M239M536M
Minority Interest10M9M10M9M
Total Current Liabilities1.58B1.65B1.49B2.13B
Total Liab3.06B3.32B3.33B3.38B
Common Stock189M188M195M195M
Retained Earnings1.03B865M911M1.04B
Treasury Stock425M452M593M675M
Capital Surplus2.63B2.62B2.61B2.61B
Other Stockholder Equity437M459M617M708M
Total Stockholder Equity4.27B4.12B4.31B4.52B
Net Tangible Assets1.5B1.38B1.41B1.51B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income159M310M264M588M
Depreciation145M193M209M165M
Change To Netincome-99M-196M-155M-443M
Change To Account Receivables-71M-1M59M-15M
Change To Liabilities37M-26M-157M35M
Change To Inventory22M35M-20M-10M
Change To Operating Activities20M-38M54M54M
Total Cash From Operating Activities326M389M369M462M
Capital Expenditures-64M-53M-55M-70M
Investments34M525M-47M22M
Other Cashflows From Investing Activities13M65M34M183M
Total Cashflows From Investing Activities-80M591M-325M211M
Dividends Paid-149M-146M-147M-136M
Net Borrowings-255M24M91M-445M
Total Cash From Financing Activities-414M-299M-102M-729M
Effect Of Exchange Rate-8M-2M-33M-49M
Change In Cash-176M679M-91M-105M
Repurchase Of Stock-16M-182M-52M-153M
Issuance Of Stock6M6M7M6M