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
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

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)

2021 2020
Total Revenue 304.89M 205.72M
Gross Profit 304.89M 205.72M
Operating Income 223.67M 135.12M
Income Before Tax 225.65M 134.81M
Net Income 183.09M 109.78M

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)

2021 2020
Cash 42.98M 96.69M
Total Assets 107.58M 160.44M
Long Term Debt - -
Total Liabilities 37.05M 37.3M
Total Shareholder Equity 70.53M 123.14M
Net Tangible Assets 49.39M 101.03M

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)

2021 2020
Net Income 183.09M 109.78M
Capital Expenditures -700k -2.31M
Dividends Paid -64.45M -64.45M
Total Cash From From Investing Activities -5.7M 824k
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 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 304.89M 205.72M 289.32M 267.82M
Cost Of Revenue - - - -
Gross Profit 304.89M 205.72M 289.32M 267.82M
Research Development - - - -
Selling General Administrative 76.52M 65.62M 70.95M 64.56M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 81.22M 70.59M 75.29M 69.23M
Operating Income 223.67M 135.12M 214.03M 198.59M
Total Other Income Expense Net 1.98M -308k -471k -320k
Ebit 223.67M 135.12M 214.03M 198.59M
Interest Expense -471k -478k -486k -491k
Income Before Tax 225.65M 134.81M 213.56M 198.27M
Income Tax Expense 42.55M 25.04M 40.47M 37.81M
Minority Interest - - - -
Net Income From Continuing Ops 183.09M 109.78M 173.09M 160.46M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 183.09M 109.78M 173.09M 160.46M
Net Income Applicable To Common Shares 183.09M 109.78M 173.09M 160.46M

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 42.98M 96.69M 32.12M 15.85M
Short Term Investments 5M - 4.14M 4.09M
Net Receivables 19.26M 19M 20.49M 17.46M
Total Current Assets 72.28M 121.64M 60.67M 42.84M
Property Plant Equipment 11.99M 13.85M 12.8M 15.2M
Good Will 16.52M 16.52M 16.52M 2.46M
Intangible Assets 4.62M 5.6M 5.44M 408k
Other Assets 2.17M 2.84M 2.72M 2.8M
Deferred Long Term Asset Charges 2.17M 2.84M 2.72M 2.8M
Total Assets 107.58M 160.44M 98.15M 63.72M
Accounts Payable 3.06M 2.74M 1.38M 2.65M
Other Current Liab 3.67M 1.98M 21.52M 19.27M
Other Liab 585k 3.83M 3.79M 424k
Total Current Liabilities 27.63M 23.18M 42.52M 38.86M
Total Liab 37.05M 37.3M 56.81M 51.13M
Common Stock 860k 887k 892k 908k
Retained Earnings 80.69M 133.26M 51.65M 22.29M
Treasury Stock -11.02M -11.01M -11.2M -10.61M
Other Stockholder Equity -5.09M -4.7M -4.86M -3.57M
Total Stockholder Equity 70.53M 123.14M 41.34M 12.58M
Net Tangible Assets 49.39M 101.03M 19.39M 9.71M
Long Term Debt - - - -

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 183.09M 109.78M 173.09M 160.46M
Depreciation 3.9M 3.71M 3.23M 3.45M
Change To Netincome 5.03M -17.71M 8.37M 9.47M
Change To Account Receivables 552k 602k -453k -5.61M
Change To Liabilities 4.89M -1.11M -9k -782k
Change To Operating Activities -2.99M 465k -371k 46k
Total Cash From Operating Activities 195.02M 96.29M 184.22M 167.44M
Capital Expenditures -700k -2.31M -543k -1.61M
Investments -5M 4.14M 4.14M 4.14M
Other Cashflows From Investing Activities 23k 160k 259k 118k
Total Cashflows From Investing Activities -5.7M 824k -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 -53.7M 64.57M 16.27M -5.08M
Repurchase Of Stock -175.65M -30.89M -90.69M -114.21M
Issuance Of Stock 766k 716k 898k 601k