Smurfit Kappa Group Plc (LSE:SKG) Annual Report 2021



The latest annual report of Smurfit Kappa Group Plc (SKG) 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 - SKG Annual Results

Amounts in EUR

Total Revenue
10.11B
Gross Profit
3.09B
EBIT
1.07B
Net Tangible Assets
1.66B
Net Income
679M
Capital Expenditures
-594M

SKG Income Statement 2021 Annual Report

As per the latest Income Statement of SKG, the Net revenue increased by €1.577B (18%) compared to the previous period. The operating income in 2021 increased by €157.00M (17%). The net income as per the annual report was 679M which increased by €134.00M (25%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue10.11B8.53B
Gross Profit3.09B2.87B
Operating Income1.07B910M
Income Before Tax913M748M
Net Income679M545M

Balance Sheet - SKG 2021 Annual Report

Read further: SKG Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Smurfit Kappa Group Plc showed the company reduced the cash on balance sheet by €-36.00M (-4%). The Net tangible assets of SKG on the balance sheet were at 1.66B which is €439.00M (36%) more than previous annual report. The total stockholder equity also increased by €609.00M (16%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash855M891M
Total Assets11.71B 10.29B
Long Term Debt3.3B2.86B
Total Liabilities7.32B 6.51B
Total Shareholder Equity4.38B3.77B
Net Tangible Assets1.66B1.22B

Cash Flow Statement - SKG 2021 Annual Report

The 2021 annual cash flow statement of Smurfit Kappa Group Plc showed that the net income increased by €134.00M (25%) compared to previous reporting period. Also the capital expenditure of SKG decreased by €-101.00M (-20%).

As of 2021, the total cash from investing activities was -1.01B and total cash from financing activities was -14M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income679M545M
Capital Expenditures-594M-493M
Dividends Paid-302M-260M
Total Cash From From Investing Activities-1.01B-498M
Total Cash From From Financing Activities-14M-64M

Smurfit Kappa Group Plc Annual Report History

Income Statement

Income Statement history of Smurfit Kappa Group Plc (LSE:SKG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue10.11B8.53B9.05B8.95B
Cost Of Revenue7.01B5.66B6.04B5.99B
Gross Profit3.09B2.87B3B2.96B
Research Development----
Selling General Administrative2.02B1.96B1.96B1.87B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses9.04B7.62B8B7.86B
Operating Income1.07B910M1.04B1.09B
Total Other Income Expense Net-154M-162M-368M-1.49B
Ebit1.07B910M1.04B1.09B
Interest Expense-121M-128M-170M-163M
Income Before Tax913M748M677M-404M
Income Tax Expense234M201M193M235M
Minority Interest13M13M41M131M
Net Income From Continuing Ops679M547M484M-639M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income679M545M476M-646M
Net Income Applicable To Common Shares679M545M476M-646M

Balance Sheet Statement

Balance Sheet Statement history of Smurfit Kappa Group Plc (LSE:SKG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash855M891M189M407M
Net Receivables2.04B1.46B1.57B1.6B
Inventory1.05B773M819M847M
Other Current Assets32M59M38M34M
Total Current Assets4.07B3.26B2.68B2.96B
Long Term Investments24M23M26M34M
Property Plant Equipment4.71B4.26B4.37B3.71B
Good Will2.51B2.34B2.38B2.36B
Intangible Assets211M208M233M229M
Other Assets177M200M231M201M
Deferred Long Term Asset Charges149M172M185M153M
Total Assets11.71B10.29B9.93B9.49B
Accounts Payable1.42B978M1.02B1.06B
Short Long Term Debt46M56M93M151M
Other Current Liab306M370M313M221M
Long Term Debt3.3B2.86B3.2B3.36B
Other Liab899M1.16B1.22B1.11B
Minority Interest13M13M41M131M
Total Current Liabilities2.83B2.23B2.21B2.12B
Total Liab7.32B6.51B6.93B6.6B
Retained Earnings1.47B917M615M420M
Treasury Stock260M207M351M355M
Capital Surplus2.65B2.65B1.99B1.98B
Other Stockholder Equity319M256M393M383M
Total Stockholder Equity4.38B3.77B2.95B2.76B
Net Tangible Assets1.66B1.22B336M169M

Cash Flow Statement

Cash Flow Statement history of Smurfit Kappa Group Plc (LSE:SKG)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income679M545M476M-646M
Depreciation538M542M528M406M
Change To Netincome66M63M41M1.38B
Change To Account Receivables-492M22M52M-99M
Change To Liabilities624M59M-44M90M
Change To Inventory-246M14M40M-84M
Change To Operating Activities-198M-13M57M-29M
Total Cash From Operating Activities986M1.25B1.16B1.03B
Capital Expenditures-594M-493M-612M-528M
Other Cashflows From Investing Activities5M13M3M5M
Total Cashflows From Investing Activities-1.01B-498M-735M-1.05B
Dividends Paid-302M-260M-238M-213M
Net Borrowings313M-420M-263M167M
Other Cashflows From Financing Activities-3M-16M-107M-14M
Total Cash From Financing Activities-14M-64M-629M-70M
Effect Of Exchange Rate-12M19M-17M-27M
Change In Cash-49M704M-218M-113M
Repurchase Of Stock-22M-16M-23M-10M