Tesco PLC (LSE:TSCO) Annual Report 2022

The latest annual report of Tesco PLC (TSCO) was published on 26 Feb 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 - TSCO Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

TSCO Income Statement 2022 Annual Report

As per the latest Income Statement of TSCO, the Net revenue increased by £3.457B (6%) compared to the previous period. The operating income in 2022 increased by £888.00M (50%). The net income as per the annual report was 1.48B which decreased by £-4.473B (-75%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 61.34B 57.89B
Gross Profit 4.24B 3.6B
Operating Income 2.68B 1.79B
Income Before Tax 2.03B 636M
Net Income 1.48B 5.95B

Balance Sheet - TSCO 2022 Annual Report

Read further: TSCO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Tesco PLC showed the company reduced the cash on balance sheet by £-165.00M (-7%). The Net tangible assets of TSCO on the balance sheet were at 10.3B which is £3.616B (54%) more than previous annual report. The total stockholder equity also increased by £3.583B (30%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 2.35B 2.51B
Total Assets 49.35B 45.51B
Long Term Debt 6.67B 6.19B
Total Liabilities 33.71B 33.45B
Total Shareholder Equity 15.66B 12.08B
Net Tangible Assets 10.3B 6.68B

Cash Flow Statement - TSCO 2022 Annual Report

The 2022 annual cash flow statement of Tesco PLC showed that the net income decreased by £-4.473B (-75%) compared to previous reporting period. Also the capital expenditure of TSCO increased by £222.00M (19%).

As of 2022, the total cash from investing activities was -1.74B and total cash from financing activities was -2.23B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 1.48B 5.95B
Capital Expenditures -949M -1.17B
Dividends Paid -704M -910M
Total Cash From From Investing Activities -1.74B 6.17B
Total Cash From From Financing Activities -2.23B -7.84B

Tesco PLC Annual Report History

Income Statement

Income Statement history of Tesco PLC (LSE:TSCO)

26 Feb 2022 27 Feb 2021 29 Feb 2020 23 Feb 2019
Total Revenue 61.34B 57.89B 58.09B 63.91B
Cost Of Revenue 57.11B 54.28B 54.25B 59.93B
Gross Profit 4.24B 3.6B 3.84B 3.98B
Research Development - - - -
Selling General Administrative 1.38B 1.43B 1.21B 1.43B
Non Recurring - - - -
Other Operating Expenses -39M 384M 384M 384M
Total Operating Expenses 58.67B 56.1B 55.46B 61.37B
Operating Income 2.68B 1.79B 2.63B 2.54B
Total Other Income Expense Net -644M -1.15B -1.6B -927M
Ebit 2.68B 1.79B 2.63B 2.54B
Interest Expense -685M -701M -722M -847M
Income Before Tax 2.03B 636M 1.03B 1.62B
Income Tax Expense 510M 104M 290M 347M
Minority Interest -16M -18M -22M -24M
Net Income From Continuing Ops 1.52B 532M 738M 1.27B
Discontinued Operations -40M 5.43B 235M 235M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.48B 5.95B 971M 1.27B
Net Income Applicable To Common Shares 1.48B 5.95B 971M 1.27B

Balance Sheet Statement

Balance Sheet Statement history of Tesco PLC (LSE:TSCO)

26 Feb 2022 27 Feb 2021 29 Feb 2020 23 Feb 2019
Cash 2.35B 2.51B 4.14B 1.87B
Short Term Investments 2.08B 1.01B 1.08B 390M
Net Receivables 1.36B 1.3B 1.42B 1.56B
Inventory 2.34B 2.07B 2.43B 2.62B
Other Current Assets 437M 642M 303M 150M
Total Current Assets 12.19B 10.81B 13.89B 12.58B
Long Term Investments 98M 94M 78M 519M
Property Plant Equipment 22.77B 22.88B 25.34B 26.88B
Intangible Assets 4.73B 4.78B 4.88B 5.24B
Other Assets 4.29B 2.1B 2.84B 1.65B
Deferred Long Term Asset Charges 21M 485M 319M 191M
Total Assets 49.35B 45.51B 53.15B 56.9B
Accounts Payable 9.18B 8.4B 8.92B 9.13B
Short Long Term Debt 120M 521M 1.08B 1.18B
Other Current Liab 334M 622M 540M 801M
Long Term Debt 6.67B 6.19B 6B 5.58B
Other Liab 1.83B 2.42B 4.32B 3.76B
Minority Interest -16M -18M -22M -24M
Total Current Liabilities 16.14B 16B 18.66B 20.97B
Total Liab 33.71B 33.45B 39.78B 43.47B
Common Stock 484M 490M 490M 490M
Retained Earnings 6.93B 3.24B 4.08B 4.03B
Treasury Stock 3.08B 3.18B 3.66B 3.77B
Capital Surplus 5.17B 5.17B 5.17B 5.17B
Other Stockholder Equity 3.44B 3.37B 3.91B 3.95B
Total Stockholder Equity 15.66B 12.08B 13.39B 13.46B
Net Tangible Assets 10.3B 6.68B 7.6B 7.19B

Cash Flow Statement

Cash Flow Statement history of Tesco PLC (LSE:TSCO)

26 Feb 2022 27 Feb 2021 29 Feb 2020 23 Feb 2019
Net Income 1.48B 5.95B 971M 1.27B
Depreciation 1.72B 1.55B 1.81B 1.84B
Change To Netincome 196M -7.34B 811M -122M
Change To Account Receivables 35M 125M 485M 112M
Change To Liabilities 790M -1.57B -4.25B 1.04B
Change To Inventory -281M -50M 179M 9M
Change To Operating Activities -182M 1.74B 45M -1.81B
Total Cash From Operating Activities 3.76B 602M 48M 2.55B
Capital Expenditures -949M -1.17B -1B -1.1B
Investments -1.01B 167M -425M 506M
Other Cashflows From Investing Activities 192M -677M 68M 67M
Total Cashflows From Investing Activities -1.74B 6.17B 2.4B -1.14B
Dividends Paid -704M -910M -656M -357M
Net Borrowings -958M -1.34B -1.12B -2.1B
Other Cashflows From Financing Activities -123M -580M -17M 35M
Total Cash From Financing Activities -2.23B -7.84B -1.94B -2.57B
Effect Of Exchange Rate 12M 8M -42M 15M
Change In Cash -200M -1.05B 464M -1.14B
Repurchase Of Stock -422M -66M -149M -206M