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)

20212020
Total Revenue5.21B4.56B
Gross Profit3.7B3.18B
Operating Income712M433M
Income Before Tax586M246M
Net Income524M448M

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)

20212020
Cash1.29B1.76B
Total Assets10.92B 11.01B
Long Term Debt2.71B3.21B
Total Liabilities5.35B 5.73B
Total Shareholder Equity5.57B5.28B
Net Tangible Assets1.18B865M

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)

20212020
Net Income524M448M
Capital Expenditures-408M-443M
Dividends Paid-329M-328M
Total Cash From From Investing Activities-691M-606M
Total Cash From From Financing Activities-645M1.16B

Smith & Nephew plc Annual Report History

Income Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue5.21B4.56B5.14B4.9B
Cost Of Revenue1.51B1.38B1.33B1.3B
Gross Profit3.7B3.18B3.81B3.61B
Research Development349M307M292M246M
Selling General Administrative2.64B2.44B2.53B2.38B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses4.5B4.13B4.16B3.93B
Operating Income712M433M981M976M
Total Other Income Expense Net-126M-187M-238M-195M
Ebit712M433M981M976M
Interest Expense-80M-62M-65M-59M
Income Before Tax586M246M743M781M
Income Tax Expense62M-202M143M118M
Minority Interest----
Net Income From Continuing Ops524M448M600M663M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income524M448M600M663M
Net Income Applicable To Common Shares524M448M600M663M

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash1.29B1.76B277M365M
Net Receivables1.17B1.11B1.23B1.21B
Inventory1.84B1.69B1.61B1.4B
Other Current Assets39M24M26M37M
Total Current Assets4.42B4.66B3.22B3.08B
Long Term Investments198M117M110M139M
Property Plant Equipment1.51B1.45B1.32B1.06B
Good Will2.99B2.93B2.79B2.34B
Intangible Assets1.4B1.49B1.57B1.21B
Other Assets398M368M291M234M
Deferred Long Term Asset Charges201M202M150M126M
Total Assets10.92B11.01B9.3B8.06B
Accounts Payable1.04B891M941M854M
Short Long Term Debt430M268M6M135M
Other Current Liab597M460M551M444M
Long Term Debt2.71B3.21B1.85B1.3B
Other Liab373M692M619M419M
Total Current Liabilities2.13B1.69B1.56B1.47B
Total Liab5.35B5.73B4.16B3.19B
Common Stock177M177M177M177M
Retained Earnings5.22B4.96B4.85B4.62B
Treasury Stock-448M-468M-495M-536M
Capital Surplus614M612M610M608M
Other Stockholder Equity-328M-311M-306M-322M
Total Stockholder Equity5.57B5.28B5.14B4.87B
Net Tangible Assets1.18B865M785M1.33B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income524M448M600M663M
Depreciation522M501M496M427M
Change To Netincome-61M-120M49M65M
Change To Account Receivables-81M209M30M-108M
Change To Liabilities82M-103M201M71M
Change To Inventory-151M-45M-204M-152M
Total Cash From Operating Activities877M935M1.17B931M
Capital Expenditures-408M-443M-408M-347M
Investments2M7M26M-2M
Total Cashflows From Investing Activities-691M-606M-1.25B-378M
Dividends Paid-329M-328M-318M-321M
Net Borrowings-326M1.49B379M-7M
Other Cashflows From Financing Activities-4M7M-2M-8M
Total Cash From Financing Activities-645M1.16B7M-371M
Effect Of Exchange Rate-7M1M1M-4M
Change In Cash-466M1.49B-76M178M
Issuance Of Stock14M11M11M13M