Rightmove plc (LSE:RMV) Annual Report 2021



The latest annual report of Rightmove plc (RMV) 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 - RMV Annual Results

Amounts in GBP

Total Revenue
304.89M
Gross Profit
304.89M
EBIT
223.67M
Net Tangible Assets
49.39M
Net Income
183.09M
Capital Expenditures
-700k

RMV Income Statement 2021 Annual Report

As per the latest Income Statement of RMV, the Net revenue increased by £99.17M (48%) compared to the previous period. The operating income in 2021 increased by £88.55M (66%). The net income as per the annual report was 183.09M which increased by £73.32M (67%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue304.89M205.72M
Gross Profit304.89M205.72M
Operating Income223.67M135.12M
Income Before Tax225.65M134.81M
Net Income183.09M109.78M

Balance Sheet - RMV 2021 Annual Report

Read further: RMV Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Rightmove plc showed the company reduced the cash on balance sheet by £-53.70M (-56%). The Net tangible assets of RMV on the balance sheet were at 49.39M which is £-51.64M (-51%) less than previous annual report. The total stockholder equity also decreased by £-52.61M (-43%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash42.98M96.69M
Total Assets107.58M 160.44M
Long Term Debt--
Total Liabilities37.05M 37.3M
Total Shareholder Equity70.53M123.14M
Net Tangible Assets49.39M101.03M

Cash Flow Statement - RMV 2021 Annual Report

The 2021 annual cash flow statement of Rightmove plc showed that the net income increased by £73.32M (67%) compared to previous reporting period. Also the capital expenditure of RMV increased by £1.61M (70%).

As of 2021, the total cash from investing activities was -5.7M and total cash from financing activities was -243.02M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income183.09M109.78M
Capital Expenditures-700k-2.31M
Dividends Paid-64.45M-64.45M
Total Cash From From Investing Activities-5.7M824k
Total Cash From From Financing Activities-243.02M-32.54M

Rightmove plc Annual Report History

Income Statement

Income Statement history of Rightmove plc (LSE:RMV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue304.89M205.72M289.32M267.82M
Cost Of Revenue----
Gross Profit304.89M205.72M289.32M267.82M
Research Development----
Selling General Administrative76.52M65.62M70.95M64.56M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses81.22M70.59M75.29M69.23M
Operating Income223.67M135.12M214.03M198.59M
Total Other Income Expense Net1.98M-308k-471k-320k
Ebit223.67M135.12M214.03M198.59M
Interest Expense-471k-478k-486k-491k
Income Before Tax225.65M134.81M213.56M198.27M
Income Tax Expense42.55M25.04M40.47M37.81M
Minority Interest----
Net Income From Continuing Ops183.09M109.78M173.09M160.46M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income183.09M109.78M173.09M160.46M
Net Income Applicable To Common Shares183.09M109.78M173.09M160.46M

Balance Sheet Statement

Balance Sheet Statement history of Rightmove plc (LSE:RMV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash42.98M96.69M32.12M15.85M
Short Term Investments5M-4.14M4.09M
Net Receivables19.26M19M20.49M17.46M
Total Current Assets72.28M121.64M60.67M42.84M
Property Plant Equipment11.99M13.85M12.8M15.2M
Good Will16.52M16.52M16.52M2.46M
Intangible Assets4.62M5.6M5.44M408k
Other Assets2.17M2.84M2.72M2.8M
Deferred Long Term Asset Charges2.17M2.84M2.72M2.8M
Total Assets107.58M160.44M98.15M63.72M
Accounts Payable3.06M2.74M1.38M2.65M
Other Current Liab3.67M1.98M21.52M19.27M
Other Liab585k3.83M3.79M424k
Total Current Liabilities27.63M23.18M42.52M38.86M
Total Liab37.05M37.3M56.81M51.13M
Common Stock860k887k892k908k
Retained Earnings80.69M133.26M51.65M22.29M
Treasury Stock-11.02M-11.01M-11.2M-10.61M
Other Stockholder Equity-5.09M-4.7M-4.86M-3.57M
Total Stockholder Equity70.53M123.14M41.34M12.58M
Net Tangible Assets49.39M101.03M19.39M9.71M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of Rightmove plc (LSE:RMV)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income183.09M109.78M173.09M160.46M
Depreciation3.9M3.71M3.23M3.45M
Change To Netincome5.03M-17.71M8.37M9.47M
Change To Account Receivables552k602k-453k-5.61M
Change To Liabilities4.89M-1.11M-9k-782k
Change To Operating Activities-2.99M465k-371k46k
Total Cash From Operating Activities195.02M96.29M184.22M167.44M
Capital Expenditures-700k-2.31M-543k-1.61M
Investments-5M4.14M4.14M4.14M
Other Cashflows From Investing Activities23k160k259k118k
Total Cashflows From Investing Activities-5.7M824k-16.15M-1.62M
Dividends Paid-64.45M-64.45M-59.86M-54.98M
Net Borrowings-2.46M-2.16M-1.53M-1.53M
Other Cashflows From Financing Activities-1.22M-209k-619k-778k
Total Cash From Financing Activities-243.02M-32.54M-151.81M-170.9M
Change In Cash-53.7M64.57M16.27M-5.08M
Repurchase Of Stock-175.65M-30.89M-90.69M-114.21M
Issuance Of Stock766k716k898k601k