Rightmove plc (LSE:RMV) Annual Report 2022

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

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

RMV Income Statement 2022 Annual Report

As per the latest Income Statement of RMV, the Net revenue increased by £27.74M (9%) compared to the previous period. The operating income in 2022 increased by £0 (0%). The net income as per the annual report was 195.68M which increased by £12.59M (7%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 332.62M 304.89M
Gross Profit 332.62M 304.89M
Operating Income 241.34M 241.34M
Income Before Tax 241.28M 225.65M
Net Income 195.68M 183.09M

Balance Sheet - RMV 2022 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 £-7.90M (-18%). The Net tangible assets of RMV on the balance sheet were at 46.09M which is £-3.30M (-7%) less than previous annual report. The total stockholder equity also decreased by £-2.37M (-3%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 35.09M 42.98M
Total Assets 101.76M 107.58M
Long Term Debt - -
Total Liabilities 33.6M 37.05M
Total Shareholder Equity 68.16M 70.53M
Net Tangible Assets 46.09M 49.39M

Cash Flow Statement - RMV 2022 Annual Report

The 2022 annual cash flow statement of Rightmove plc showed that the net income increased by £12.59M (7%) compared to previous reporting period. Also the capital expenditure of RMV decreased by £-135000 (-19%).

As of 2022, the total cash from investing activities was -2.59M and total cash from financing activities was -203.4M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 195.68M 183.09M
Capital Expenditures -835k -700k
Dividends Paid -67.68M -64.45M
Total Cash From From Investing Activities -2.59M -5.7M
Total Cash From From Financing Activities -203.4M -243.02M

Rightmove plc Annual Report History

Income Statement

Income Statement history of Rightmove plc (LSE:RMV)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 332.62M 304.89M 205.72M 289.32M
Cost Of Revenue - - - -
Gross Profit 332.62M 304.89M 205.72M 289.32M
Research Development - - - -
Selling General Administrative - - - 70.95M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 91.28M - - 75.29M
Operating Income 241.34M 241.34M 241.34M 214.03M
Total Other Income Expense Net -61k 1.96M -327k -471k
Ebit 241.34M - - 214.03M
Interest Expense -442k -471k -478k -486k
Income Before Tax 241.28M 225.65M 134.81M 213.56M
Income Tax Expense 45.6M 42.55M 25.04M 40.47M
Minority Interest - - - -
Net Income From Continuing Ops 195.68M 183.09M 109.78M 173.09M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 195.68M 183.09M 109.78M 173.09M
Net Income Applicable To Common Shares 195.68M 183.09M 109.78M 173.09M

Balance Sheet Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 35.09M 42.98M 96.69M 32.12M
Short Term Investments 5.05M 5M - 4.14M
Net Receivables 22.42M 19.26M 19M 20.49M
Total Current Assets 67.8M 72.28M 121.64M 60.67M
Property Plant Equipment 10.43M 11.99M 13.85M 12.8M
Other Assets 1.46M 2.17M 2.84M 2.72M
Deferred Long Term Asset Charges 1.46M 2.17M 2.84M 2.72M
Total Assets 101.76M 107.58M 160.44M 98.15M
Accounts Payable 1.16M 3.06M 2.74M 1.38M
Other Current Liab 3.61M 3.67M 1.98M 21.52M
Other Liab 829k 585k 3.83M 3.79M
Total Current Liabilities 25.53M 27.63M 23.18M 42.52M
Total Liab 33.6M 37.05M 37.3M 56.81M
Common Stock 838k 860k 887k 892k
Retained Earnings 80.63M 80.69M 133.26M 51.65M
Treasury Stock -13.3M -11.02M -11.01M -11.2M
Other Stockholder Equity -7.51M -5.09M -4.7M -4.86M
Total Stockholder Equity 68.16M 70.53M 123.14M 41.34M
Net Tangible Assets 46.09M 49.39M 101.03M 19.39M
Long Term Debt - - - -

Cash Flow Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 195.68M 183.09M 109.78M 173.09M
Change To Netincome 3.77M 5.03M -17.71M 8.37M
Change To Account Receivables -3.79M 552k 602k -453k
Change To Liabilities -2.19M 4.89M -1.11M -9k
Change To Operating Activities 39k -2.99M 465k -371k
Total Cash From Operating Activities 198.09M 195.02M 96.29M 184.22M
Capital Expenditures -835k -700k -2.31M -543k
Investments -44k -5M 4.14M 4.14M
Other Cashflows From Investing Activities 305k 23k 160k 259k
Total Cashflows From Investing Activities -2.59M -5.7M 824k -16.15M
Dividends Paid -67.68M -64.45M -64.45M -59.86M
Net Borrowings -2.39M -2.46M -2.16M -1.53M
Total Cash From Financing Activities -203.4M -243.02M -32.54M -151.81M
Change In Cash -7.9M -53.7M 64.57M 16.27M
Repurchase Of Stock -133.81M -133.81M -30.89M -90.69M
Issuance Of Stock 482k 766k 716k 898k