Pearson plc (LSE:PSON) Annual Report 2022

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

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

PSON Income Statement 2022 Annual Report

As per the latest Income Statement of PSON, the Net revenue increased by £413.00M (12%) compared to the previous period. The operating income in 2022 increased by £69.00M (21%). The net income as per the annual report was 242M which increased by £65.00M (37%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 3.84B 3.43B
Gross Profit 1.79B 1.68B
Operating Income 404M 335M
Income Before Tax 323M 177M
Net Income 242M 177M

Balance Sheet - PSON 2022 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 £-379.00M (-40%). The Net tangible assets of PSON on the balance sheet were at 1.23B which is £-276.00M (-18%) less than previous annual report. The total stockholder equity also increased by £132.00M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 558M 937M
Total Assets 7.32B 7.34B
Long Term Debt 664M 710M
Total Liabilities 2.91B 3.06B
Total Shareholder Equity 4.4B 4.27B
Net Tangible Assets 1.23B 1.5B

Cash Flow Statement - PSON 2022 Annual Report

The 2022 annual cash flow statement of Pearson plc showed that the net income increased by £65.00M (37%) compared to previous reporting period. Also the capital expenditure of PSON increased by £7.00M (11%).

As of 2022, the total cash from investing activities was 13M and total cash from financing activities was -804M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 242M 177M
Capital Expenditures -57M -64M
Dividends Paid -156M -149M
Total Cash From From Investing Activities 13M -80M
Total Cash From From Financing Activities -804M -414M

Pearson plc Annual Report History

Income Statement

Income Statement history of Pearson plc (LSE:PSON)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 3.84B 3.43B 3.4B 3.87B
Cost Of Revenue 2.05B 1.75B 1.77B 1.86B
Gross Profit 1.79B 1.68B 1.63B 2.01B
Research Development - - - -
Selling General Administrative 1.44B 1.38B 1.44B 1.69B
Non Recurring - - - -
Other Operating Expenses -48M -35M -43M -54M
Total Operating Expenses 3.44B 3.09B 3.17B 3.49B
Operating Income 404M 335M 232M 375M
Total Other Income Expense Net -81M -158M 148M -143M
Ebit 404M 335M 232M 375M
Interest Expense -69M -68M -79M -67M
Income Before Tax 323M 177M 380M 232M
Income Tax Expense 79M -1M 50M -34M
Minority Interest 13M 10M 9M 10M
Net Income From Continuing Ops 244M 178M 330M 266M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 242M 177M 330M 264M
Net Income Applicable To Common Shares 242M 177M 330M 264M

Balance Sheet Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 558M 937M 1.1B 437M
Net Receivables 947M 1.08B 927M 1.13B
Inventory 105M 98M 129M 169M
Other Current Assets 1.01B 905M 998M 1.28B
Total Current Assets 2.82B 3.22B 3.34B 3.17B
Long Term Investments 158M 137M 144M 129M
Property Plant Equipment 250M 366M 515M 618M
Good Will 2.48B 2.15B 2.09B 2.14B
Intangible Assets 697M 624M 648M 761M
Other Assets 921M 850M 710M 830M
Deferred Long Term Asset Charges 57M 57M 32M 59M
Total Assets 7.32B 7.34B 7.45B 7.65B
Accounts Payable 348M 351M 340M 358M
Short Long Term Debt 11M 91M 193M 18M
Other Current Liab 521M 578M 702M 691M
Long Term Debt 664M 710M 827M 847M
Other Liab 232M 208M 235M 239M
Minority Interest 13M 10M 9M 10M
Total Current Liabilities 1.48B 1.58B 1.65B 1.49B
Total Liab 2.91B 3.06B 3.32B 3.33B
Common Stock 179M 189M 188M 195M
Retained Earnings 881M 1.07B 865M 911M
Treasury Stock 709M 388M 452M 593M
Capital Surplus 2.63B 2.63B 2.62B 2.61B
Other Stockholder Equity 724M 400M 459M 617M
Total Stockholder Equity 4.4B 4.27B 4.12B 4.31B
Net Tangible Assets 1.23B 1.5B 1.38B 1.41B

Cash Flow Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 242M 177M 330M 264M
Depreciation 144M 145M 205M 209M
Change To Netincome -418M -390M -509M -155M
Change To Account Receivables 33M -71M -1M 59M
Change To Liabilities -84M 37M -26M -157M
Change To Inventory -34M 22M 35M -20M
Change To Operating Activities 50M 14M -37M 54M
Total Cash From Operating Activities 361M 326M 389M 369M
Capital Expenditures -57M -64M -53M -55M
Other Cashflows From Investing Activities 23M 13M 65M 34M
Total Cashflows From Investing Activities 13M -80M 591M -325M
Dividends Paid -156M -149M -146M -147M
Net Borrowings -264M -255M 24M 91M
Other Cashflows From Financing Activities -1M -1M -1M -1M
Total Cash From Financing Activities -804M -414M -299M -102M
Effect Of Exchange Rate 36M -8M -2M -33M
Change In Cash -394M -176M 679M -91M
Repurchase Of Stock -390M -16M -182M -52M
Issuance Of Stock 7M 6M 6M 7M