DS Smith Plc (LSE:SMDS) Annual Report 2021



The latest annual report of DS Smith Plc (SMDS) was published on 30 Apr 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 - SMDS Annual Results

Amounts in GBP

Total Revenue
5.98B
Gross Profit
499.3M
EBIT
354.3M
Net Tangible Assets
538M
Net Income
194M
Capital Expenditures
-331M

SMDS Income Statement 2021 Annual Report

As per the latest Income Statement of SMDS, the Net revenue decreased by £-67.00M (-1%) compared to the previous period. The operating income in 2021 decreased by £-159.70M (-31%). The net income as per the annual report was 194M which decreased by £-333.00M (-63%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue5.98B6.04B
Gross Profit499.3M660M
Operating Income354.3M514M
Income Before Tax231M368M
Net Income194M527M

Balance Sheet - SMDS 2021 Annual Report

Read further: SMDS Balance Sheet Detailed Analysis

The latest balance sheet from annual result of DS Smith Plc showed the company increased the cash on balance sheet by £218.00M (37%). The Net tangible assets of SMDS on the balance sheet were at 538M which is £385.00M (252%) more than previous annual report. The total stockholder equity also increased by £183.00M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash813M595M
Total Assets8.7B 8.62B
Long Term Debt2.08B2.3B
Total Liabilities5.17B 5.27B
Total Shareholder Equity3.53B3.35B
Net Tangible Assets538M153M

Cash Flow Statement - SMDS 2021 Annual Report

The 2021 annual cash flow statement of DS Smith Plc showed that the net income decreased by £-333.00M (-63%) compared to previous reporting period. Also the capital expenditure of SMDS increased by £45.00M (12%).

As of 2021, the total cash from investing activities was -391M and total cash from financing activities was -142M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income194M527M
Capital Expenditures-331M-376M
Dividends Paid--222M
Total Cash From From Investing Activities-391M178M
Total Cash From From Financing Activities-142M-562M

DS Smith Plc Annual Report History

Income Statement

Income Statement history of DS Smith Plc (LSE:SMDS)

30 Apr 202130 Apr 202030 Apr 201930 Apr 2018
Total Revenue5.98B6.04B6.17B5.52B
Cost Of Revenue5.48B5.38B5.54B5.03B
Gross Profit499.3M660M631M492M
Research Development----
Selling General Administrative3M3M2M4M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses5.62B5.53B5.66B5.12B
Operating Income354.3M514M515M398M
Total Other Income Expense Net-123.3M-146M-165M-138M
Ebit354.3M514M515M398M
Interest Expense-67M-74M-62M-54M
Income Before Tax231M368M350M260M
Income Tax Expense49M78M88M23M
Minority Interest2M1M1M1M
Net Income From Continuing Ops182M290M262M237M
Discontinued Operations12M237M12M22M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income194M527M274M259M
Net Income Applicable To Common Shares194M527M274M259M

Balance Sheet Statement

Balance Sheet Statement history of DS Smith Plc (LSE:SMDS)

30 Apr 202130 Apr 202030 Apr 201930 Apr 2018
Cash813M595M382M297M
Net Receivables765M690M932M769M
Inventory543M524M590M547M
Other Current Assets110M70M272M89M
Total Current Assets2.3B1.95B2.18B1.77B
Long Term Investments48M44M42M32M
Property Plant Equipment3.28B3.3B2.93B2.4B
Good Will2.18B2.25B-1.38B
Intangible Assets813M951M3.26B662M
Other Assets85M135M97M92M
Deferred Long Term Asset Charges37M77M64M64M
Total Assets8.7B8.62B8.51B6.33B
Accounts Payable1.27B1.04B1.85B1.17B
Short Long Term Debt160M12M82M158M
Other Current Liab759M878M259M693M
Long Term Debt2.08B2.3B2.38B1.8B
Other Liab469M570M531M354M
Minority Interest2M1M1M1M
Total Current Liabilities2.46B2.22B2.48B2.05B
Total Liab5.17B5.27B5.4B4.22B
Common Stock137M137M137M107M
Retained Earnings1.19B1B729M701M
Treasury Stock-34M-28M9M41M
Capital Surplus2.24B2.24B2.24B1.26B
Other Stockholder Equity-31M-25M10M42M
Total Stockholder Equity3.53B3.35B3.11B2.11B
Net Tangible Assets538M153M-151M66M

Cash Flow Statement

Cash Flow Statement history of DS Smith Plc (LSE:SMDS)

30 Apr 202130 Apr 202030 Apr 201930 Apr 2018
Net Income194M527M274M259M
Depreciation423M417M303M241M
Change To Netincome-62M-300M-33M-55M
Change To Account Receivables-75M86M3M-18M
Change To Liabilities276M-161M-8M81M
Change To Inventory-28M45M-7M-81M
Total Cash From Operating Activities751M636M532M436M
Capital Expenditures-331M-376M-303M-328M
Other Cashflows From Investing Activities6M484M-4M-6M
Total Cashflows From Investing Activities-391M178M-1.79B-933M
Net Borrowings-129M-333M471M514M
Other Cashflows From Financing Activities-16M-9M-42M-2M
Total Cash From Financing Activities-142M-562M1.25B638M
Effect Of Exchange Rate-4M-4M-4M4M
Change In Cash214M252M-15M145M
Issuance Of Stock3M2M1.01B283M
Dividends Paid--222M-187M-157M