Rio Tinto Group (LSE:RIO) Annual Report 2021



The latest annual report of Rio Tinto Group (RIO) 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 - RIO Annual Results

Amounts in USD

Total Revenue
63.49B
Gross Profit
31.34B
EBIT
29.43B
Net Tangible Assets
47.72B
Net Income
21.09B
Capital Expenditures
-7.38B

RIO Income Statement 2021 Annual Report

As per the latest Income Statement of RIO, the Net revenue increased by $18.884B (42%) compared to the previous period. The operating income in 2021 increased by $12.523B (74%). The net income as per the annual report was 21.09B which increased by $11.325B (116%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue63.49B44.61B
Gross Profit31.34B18.7B
Operating Income29.43B16.91B
Income Before Tax30.83B15.39B
Net Income21.09B9.77B

Balance Sheet - RIO 2021 Annual Report

Read further: RIO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Rio Tinto Group showed the company increased the cash on balance sheet by $2.426B (23%). The Net tangible assets of RIO on the balance sheet were at 47.72B which is $4.368B (10%) more than previous annual report. The total stockholder equity also increased by $4.378B (9%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash12.81B10.38B
Total Assets102.9B 97.39B
Long Term Debt11.36B12.3B
Total Liabilities46.31B 45.49B
Total Shareholder Equity51.43B47.05B
Net Tangible Assets47.72B43.35B

Cash Flow Statement - RIO 2021 Annual Report

The 2021 annual cash flow statement of Rio Tinto Group showed that the net income increased by $11.325B (116%) compared to previous reporting period. Also the capital expenditure of RIO decreased by $-1.195B (-19%).

As of 2021, the total cash from investing activities was -7.16B and total cash from financing activities was -15.86B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income21.09B9.77B
Capital Expenditures-7.38B-6.19B
Dividends Paid-10.95B-6.13B
Total Cash From From Investing Activities-7.16B-6.56B
Total Cash From From Financing Activities-15.86B-7.13B

Rio Tinto Group Annual Report History

Income Statement

Income Statement history of Rio Tinto Group (LSE:RIO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue63.49B44.61B43.16B40.52B
Cost Of Revenue32.15B25.91B26.96B26.33B
Gross Profit31.34B18.7B16.2B14.19B
Research Development----
Selling General Administrative538M345M342M787M
Non Recurring----
Other Operating Expenses649M500M452M434M
Total Operating Expenses34.07B27.71B28.38B28.04B
Operating Income29.43B16.91B14.78B12.48B
Total Other Income Expense Net1.41B-1.51B-3.66B5.68B
Ebit29.43B16.91B14.78B12.48B
Interest Expense-178M-271M-550M-481M
Income Before Tax30.83B15.39B11.12B18.17B
Income Tax Expense8.26B4.99B4.15B4.24B
Minority Interest5.16B4.85B4.71B6.14B
Net Income From Continuing Ops22.57B10.4B6.97B13.93B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income21.09B9.77B8.01B13.64B
Net Income Applicable To Common Shares21.09B9.77B8.01B13.64B

Balance Sheet Statement

Balance Sheet Statement history of Rio Tinto Group (LSE:RIO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash12.81B10.38B8.03B10.77B
Short Term Investments80M139M28M82M
Net Receivables3.12B3.44B2.92B3.07B
Inventory5.44B3.92B3.46B3.45B
Other Current Assets62M134M58M822M
Total Current Assets24.43B20.86B17.3B20.9B
Long Term Investments3.82B4.06B4.26B4.61B
Property Plant Equipment64.93B62.88B57.37B56.36B
Good Will879M946M922M912M
Intangible Assets2.83B2.75B2.64B2.78B
Other Assets6B5.89B5.31B5.39B
Deferred Long Term Asset Charges3.38B3.38B3.1B3.14B
Total Assets102.9B97.39B87.8B90.95B
Accounts Payable3.45B3.17B2.96B3.25B
Short Long Term Debt810M351M720M306M
Other Current Liab4.8B4.93B4.59B4.96B
Long Term Debt11.36B12.3B12.09B12.4B
Other Liab21.28B20.63B18.34B17.82B
Minority Interest5.16B4.85B4.71B6.14B
Total Current Liabilities12.63B11.61B11.12B10.87B
Total Liab46.31B45.49B42.56B41.13B
Common Stock3.78B3.99B3.65B3.69B
Retained Earnings33.34B26.79B23.39B27.02B
Treasury Stock10B11.96B9.18B8.66B
Capital Surplus4.32B4.31B4.31B4.31B
Other Stockholder Equity10B11.96B9.18B8.66B
Total Stockholder Equity51.43B47.05B40.53B43.69B
Net Tangible Assets47.72B43.35B36.97B39.99B

Cash Flow Statement

Cash Flow Statement history of Rio Tinto Group (LSE:RIO)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income21.09B9.77B8.01B13.64B
Depreciation4.5B4.46B4.25B3.88B
Change To Netincome1.11B1.81B2.45B-5.3B
Change To Account Receivables-367M-562M163M-421M
Change To Liabilities685M558M-191M476M
Change To Inventory-1.4B-281M28M-587M
Change To Operating Activities-480M-25M68M68M
Total Cash From Operating Activities25.34B15.88B14.91B11.82B
Capital Expenditures-7.38B-6.19B-5.49B-5.43B
Investments75M15M7M-1.56B
Other Cashflows From Investing Activities85M-437M11M-1M
Total Cashflows From Investing Activities-7.16B-6.56B-5.5B1.32B
Dividends Paid-10.95B-6.13B-5.4B-5.36B
Net Borrowings-577M-920M-438M-2.25B
Other Cashflows From Financing Activities100M130M105M37M
Total Cash From Financing Activities-15.86B-7.13B-12.22B-12.95B
Effect Of Exchange Rate100M165M-54M151M
Change In Cash2.42B2.35B-2.86B342M