Smiths Group plc (LSE:SMIN) Annual Report 2021



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

Amounts in GBP

Total Revenue
2.41B
Gross Profit
915M
EBIT
341M
Net Tangible Assets
946M
Net Income
284M
Capital Expenditures
-78M

SMIN Income Statement 2021 Annual Report

As per the latest Income Statement of SMIN, the Net revenue decreased by £-142.00M (-6%) compared to the previous period. The operating income in 2021 increased by £93.00M (38%). The net income as per the annual report was 284M which increased by £19.00M (7%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.41B2.55B
Gross Profit915M950M
Operating Income341M248M
Income Before Tax240M133M
Net Income284M265M

Balance Sheet - SMIN 2021 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 £39.00M (11%). The Net tangible assets of SMIN on the balance sheet were at 946M which is £94.00M (11%) more than previous annual report. The total stockholder equity also increased by £29.00M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash405M366M
Total Assets5.34B 5.41B
Long Term Debt1.37B1.46B
Total Liabilities2.91B 3.02B
Total Shareholder Equity2.4B2.37B
Net Tangible Assets946M852M

Cash Flow Statement - SMIN 2021 Annual Report

The 2021 annual cash flow statement of Smiths Group plc showed that the net income increased by £19.00M (7%) compared to previous reporting period. Also the capital expenditure of SMIN decreased by £-17.00M (-28%).

As of 2021, the total cash from investing activities was -205M and total cash from financing activities was -239M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income284M265M
Capital Expenditures-78M-61M
Dividends Paid-185M-126M
Total Cash From From Investing Activities-205M-144M
Total Cash From From Financing Activities-239M-188M

Smiths Group plc Annual Report History

Income Statement

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

31 Jul 202131 Jul 202031 Jul 201931 Jul 2018
Total Revenue2.41B2.55B2.5B2.33B
Cost Of Revenue1.49B1.6B1.43B1.33B
Gross Profit915M950M1.07B1B
Research Development----
Selling General Administrative574M702M673M632M
Non Recurring----
Other Operating Expenses--8M8M
Total Operating Expenses2.06B2.3B2.1B1.96B
Operating Income341M248M396M369M
Total Other Income Expense Net-101M-115M-92M-82M
Ebit341M248M396M369M
Interest Expense-49M-55M-62M-65M
Income Before Tax240M133M304M287M
Income Tax Expense83M66M162M168M
Minority Interest21M21M21M16M
Net Income From Continuing Ops157M67M142M119M
Discontinued Operations128M200M85M160M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income284M265M225M277M
Net Income Applicable To Common Shares284M265M225M277M

Balance Sheet Statement

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

31 Jul 202131 Jul 202031 Jul 201931 Jul 2018
Cash405M366M289M717M
Net Receivables679M650M750M740M
Inventory381M446M417M466M
Other Current Assets1.25B1.28B1.22B7M
Total Current Assets2.74B2.77B2.7B1.96B
Long Term Investments7M8M6M5M
Property Plant Equipment320M312M232M320M
Good Will1.15B1.19B1.25B1.62B
Intangible Assets308M329M393M290M
Other Assets818M806M741M981M
Deferred Long Term Asset Charges92M102M115M180M
Total Assets5.34B5.41B5.32B5.17B
Accounts Payable188M178M221M244M
Short Long Term Debt9M10M9M203M
Other Current Liab547M563M468M307M
Long Term Debt1.37B1.46B1.5B1.41B
Other Liab461M498M516M515M
Deferred Long Term Liab42M43M45M155M
Minority Interest21M21M21M16M
Total Current Liabilities987M1B918M961M
Total Liab2.91B3.02B2.94B2.88B
Common Stock149M149M148M148M
Retained Earnings1.37B1.26B1.11B1.83B
Treasury Stock523M604M737M-60M
Capital Surplus363M361M360M358M
Other Stockholder Equity523M604M737M-60M
Total Stockholder Equity2.4B2.37B2.36B2.27B
Net Tangible Assets946M852M721M366M

Cash Flow Statement

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

31 Jul 202131 Jul 202031 Jul 201931 Jul 2018
Net Income284M265M225M277M
Depreciation125M131M79M64M
Change To Netincome8M-11M137M89M
Change To Account Receivables-10M80M-105M-17M
Change To Liabilities36M47M66M21M
Change To Inventory66M-73M-48M-17M
Change To Operating Activities-30M1M-26M-36M
Total Cash From Operating Activities535M429M346M405M
Capital Expenditures-78M-61M-79M-68M
Investments7M7M2M-1M
Other Cashflows From Investing Activities-14M-11M22M22M
Total Cashflows From Investing Activities-205M-144M-367M-145M
Dividends Paid-185M-126M-178M-172M
Net Borrowings-44M-47M-194M-135M
Other Cashflows From Financing Activities4M1M-2M3M
Total Cash From Financing Activities-239M-188M-391M-316M
Effect Of Exchange Rate-24M-26M10M-8M
Change In Cash39M77M-428M-64M
Repurchase Of Stock-16M-18M-19M-15M
Issuance Of Stock2M2M2M3M