Smith & Nephew plc (LSE:SN) Annual Report 2021



The latest annual report of Smith & Nephew plc (SN) 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 - SN Annual Results

Amounts in USD

Total Revenue
5.21B
Gross Profit
3.7B
EBIT
712M
Net Tangible Assets
1.18B
Net Income
524M
Capital Expenditures
-408M

SN Income Statement 2021 Annual Report

As per the latest Income Statement of SN, the Net revenue increased by $652.00M (14%) compared to the previous period. The operating income in 2021 increased by $279.00M (64%). The net income as per the annual report was 524M which increased by $76.00M (17%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 5.21B 4.56B
Gross Profit 3.7B 3.18B
Operating Income 712M 433M
Income Before Tax 586M 246M
Net Income 524M 448M

Balance Sheet - SN 2021 Annual Report

Read further: SN Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Smith & Nephew plc showed the company reduced the cash on balance sheet by $-472.00M (-27%). The Net tangible assets of SN on the balance sheet were at 1.18B which is $316.00M (37%) more than previous annual report. The total stockholder equity also increased by $289.00M (5%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 1.29B 1.76B
Total Assets 10.92B 11.01B
Long Term Debt 2.71B 3.21B
Total Liabilities 5.35B 5.73B
Total Shareholder Equity 5.57B 5.28B
Net Tangible Assets 1.18B 865M

Cash Flow Statement - SN 2021 Annual Report

The 2021 annual cash flow statement of Smith & Nephew plc showed that the net income increased by $76.00M (17%) compared to previous reporting period. Also the capital expenditure of SN increased by $35.00M (8%).

As of 2021, the total cash from investing activities was -691M and total cash from financing activities was -645M.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 524M 448M
Capital Expenditures -408M -443M
Dividends Paid -329M -328M
Total Cash From From Investing Activities -691M -606M
Total Cash From From Financing Activities -645M 1.16B

Smith & Nephew plc Annual Report History

Income Statement

Income Statement history of Smith & Nephew plc (LSE:SN)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 5.21B 4.56B 5.14B 4.9B
Cost Of Revenue 1.51B 1.38B 1.33B 1.3B
Gross Profit 3.7B 3.18B 3.81B 3.61B
Research Development 349M 307M 292M 246M
Selling General Administrative 2.64B 2.44B 2.53B 2.38B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 4.5B 4.13B 4.16B 3.93B
Operating Income 712M 433M 981M 976M
Total Other Income Expense Net -126M -187M -238M -195M
Ebit 712M 433M 981M 976M
Interest Expense -80M -62M -65M -59M
Income Before Tax 586M 246M 743M 781M
Income Tax Expense 62M -202M 143M 118M
Minority Interest - - - -
Net Income From Continuing Ops 524M 448M 600M 663M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 524M 448M 600M 663M
Net Income Applicable To Common Shares 524M 448M 600M 663M

Balance Sheet Statement

Balance Sheet Statement history of Smith & Nephew plc (LSE:SN)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 1.29B 1.76B 277M 365M
Net Receivables 1.17B 1.11B 1.23B 1.21B
Inventory 1.84B 1.69B 1.61B 1.4B
Other Current Assets 39M 24M 26M 37M
Total Current Assets 4.42B 4.66B 3.22B 3.08B
Long Term Investments 198M 117M 110M 139M
Property Plant Equipment 1.51B 1.45B 1.32B 1.06B
Good Will 2.99B 2.93B 2.79B 2.34B
Intangible Assets 1.4B 1.49B 1.57B 1.21B
Other Assets 398M 368M 291M 234M
Deferred Long Term Asset Charges 201M 202M 150M 126M
Total Assets 10.92B 11.01B 9.3B 8.06B
Accounts Payable 1.04B 891M 941M 854M
Short Long Term Debt 430M 268M 6M 135M
Other Current Liab 597M 460M 551M 444M
Long Term Debt 2.71B 3.21B 1.85B 1.3B
Other Liab 373M 692M 619M 419M
Total Current Liabilities 2.13B 1.69B 1.56B 1.47B
Total Liab 5.35B 5.73B 4.16B 3.19B
Common Stock 177M 177M 177M 177M
Retained Earnings 5.22B 4.96B 4.85B 4.62B
Treasury Stock -448M -468M -495M -536M
Capital Surplus 614M 612M 610M 608M
Other Stockholder Equity -328M -311M -306M -322M
Total Stockholder Equity 5.57B 5.28B 5.14B 4.87B
Net Tangible Assets 1.18B 865M 785M 1.33B

Cash Flow Statement

Cash Flow Statement history of Smith & Nephew plc (LSE:SN)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 524M 448M 600M 663M
Depreciation 522M 501M 496M 427M
Change To Netincome -61M -120M 49M 65M
Change To Account Receivables -81M 209M 30M -108M
Change To Liabilities 82M -103M 201M 71M
Change To Inventory -151M -45M -204M -152M
Total Cash From Operating Activities 877M 935M 1.17B 931M
Capital Expenditures -408M -443M -408M -347M
Investments 2M 7M 26M -2M
Total Cashflows From Investing Activities -691M -606M -1.25B -378M
Dividends Paid -329M -328M -318M -321M
Net Borrowings -326M 1.49B 379M -7M
Other Cashflows From Financing Activities -4M 7M -2M -8M
Total Cash From Financing Activities -645M 1.16B 7M -371M
Effect Of Exchange Rate -7M 1M 1M -4M
Change In Cash -466M 1.49B -76M 178M
Issuance Of Stock 14M 11M 11M 13M