Smiths Group plc (LSE:SMIN) Annual Report 2022



The latest annual report of Smiths Group plc (SMIN) was published on 31 Jul 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 - SMIN Annual Results

Amounts in GBP

Total Revenue
2.57B
Gross Profit
961M
EBIT
338M
Net Tangible Assets
1.16B
Net Income
1.03B
Capital Expenditures
-58M

SMIN Income Statement 2022 Annual Report

As per the latest Income Statement of SMIN, the Net revenue increased by £160.00M (7%) compared to the previous period. The operating income in 2022 decreased by £-3.00M (-1%). The net income as per the annual report was 1.03B which increased by £749.00M (264%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.57B 2.41B
Gross Profit 961M 915M
Operating Income 338M 341M
Income Before Tax 103M 240M
Net Income 1.03B 284M

Balance Sheet - SMIN 2022 Annual Report

Read further: SMIN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Smiths Group plc showed the company increased the cash on balance sheet by £651.00M (161%). The Net tangible assets of SMIN on the balance sheet were at 1.16B which is £216.00M (23%) more than previous annual report. The total stockholder equity also increased by £297.00M (12%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.06B 405M
Total Assets 5.22B 5.34B
Long Term Debt 538M 1.37B
Total Liabilities 2.5B 2.91B
Total Shareholder Equity 2.7B 2.4B
Net Tangible Assets 1.16B 946M

Cash Flow Statement - SMIN 2022 Annual Report

The 2022 annual cash flow statement of Smiths Group plc showed that the net income increased by £749.00M (264%) compared to previous reporting period. Also the capital expenditure of SMIN increased by £20.00M (26%).

As of 2022, the total cash from investing activities was 1.25B and total cash from financing activities was -985M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.03B 284M
Capital Expenditures -58M -78M
Dividends Paid -150M -185M
Total Cash From From Investing Activities 1.25B -205M
Total Cash From From Financing Activities -985M -239M

Smiths Group plc Annual Report History

Income Statement

Income Statement history of Smiths Group plc (LSE:SMIN)

31 Jul 2022 31 Jul 2021 31 Jul 2020 31 Jul 2019
Total Revenue 2.57B 2.41B 2.55B 2.5B
Cost Of Revenue 1.6B 1.49B 1.6B 1.43B
Gross Profit 961M 915M 950M 1.07B
Research Development - - - -
Selling General Administrative 623M 574M 702M 673M
Non Recurring - - - -
Other Operating Expenses - - - 8M
Total Operating Expenses 2.23B 2.06B 2.3B 2.1B
Operating Income 338M 341M 248M 396M
Total Other Income Expense Net -235M -101M -115M -92M
Ebit 338M 341M 248M 396M
Interest Expense -55M -49M -55M -62M
Income Before Tax 103M 240M 133M 304M
Income Tax Expense 90M 83M 66M 162M
Minority Interest 22M 21M 21M 21M
Net Income From Continuing Ops 13M 157M 67M 142M
Discontinued Operations 1.02B 128M 200M 85M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.03B 284M 265M 225M
Net Income Applicable To Common Shares 1.03B 284M 265M 225M

Balance Sheet Statement

Balance Sheet Statement history of Smiths Group plc (LSE:SMIN)

31 Jul 2022 31 Jul 2021 31 Jul 2020 31 Jul 2019
Cash 1.06B 405M 366M 289M
Net Receivables 755M 679M 650M 750M
Inventory 570M 381M 446M 417M
Other Current Assets 4M 1.25B 1.28B 1.22B
Total Current Assets 2.42B 2.74B 2.77B 2.7B
Long Term Investments 391M 7M 8M 6M
Property Plant Equipment 349M 320M 312M 232M
Good Will 1.24B 1.15B 1.19B 1.25B
Intangible Assets 293M 308M 329M 393M
Other Assets 528M 818M 806M 741M
Deferred Long Term Asset Charges 95M 92M 102M 115M
Total Assets 5.22B 5.34B 5.41B 5.32B
Accounts Payable 282M 188M 178M 221M
Short Long Term Debt 508M 9M 10M 9M
Other Current Liab 366M 547M 563M 468M
Long Term Debt 538M 1.37B 1.46B 1.5B
Other Liab 475M 461M 498M 516M
Deferred Long Term Liab 51M 42M 43M 45M
Minority Interest 22M 21M 21M 21M
Total Current Liabilities 1.4B 987M 1B 918M
Total Liab 2.5B 2.91B 3.02B 2.94B
Common Stock 136M 149M 149M 148M
Retained Earnings 1.66B 1.37B 1.26B 1.11B
Treasury Stock 539M 523M 604M 737M
Capital Surplus 365M 363M 361M 360M
Other Stockholder Equity 539M 523M 604M 737M
Total Stockholder Equity 2.7B 2.4B 2.37B 2.36B
Net Tangible Assets 1.16B 946M 852M 721M

Cash Flow Statement

Cash Flow Statement history of Smiths Group plc (LSE:SMIN)

31 Jul 2022 31 Jul 2021 31 Jul 2020 31 Jul 2019
Net Income 1.03B 284M 265M 225M
Depreciation 119M 125M 131M 79M
Change To Netincome 135M 8M -11M 137M
Change To Account Receivables -83M -10M 80M -105M
Change To Liabilities 129M 36M 47M 66M
Change To Inventory -169M 66M -73M -48M
Change To Operating Activities 21M -30M 1M -26M
Total Cash From Operating Activities 279M 535M 429M 346M
Capital Expenditures -58M -78M -61M -79M
Total Cashflows From Investing Activities 1.25B -205M -144M -367M
Dividends Paid -150M -185M -126M -178M
Net Borrowings -333M -44M -47M -194M
Other Cashflows From Financing Activities 22M 4M 1M -2M
Total Cash From Financing Activities -985M -239M -188M -391M
Effect Of Exchange Rate 62M -24M -26M 10M
Change In Cash 650M 39M 77M -428M
Repurchase Of Stock -527M -16M -18M -19M
Issuance Of Stock 3M 2M 2M 2M