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
61.34B
Gross Profit
4.77B
EBIT
2.68B
Net Tangible Assets
10.3B
Net Income
1.48B
Capital Expenditures
-949M

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 £571.00M (27%). The net income as per the annual report was 1.48B which decreased by £-4.662B (-76%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue61.34B57.89B
Gross Profit4.77B3.17B
Operating Income2.68B2.11B
Income Before Tax2.03B825M
Net Income1.48B6.14B

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 £3.35B (48%) more than previous annual report. The total stockholder equity also increased by £3.317B (27%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash2.35B2.51B
Total Assets49.35B 45.78B
Long Term Debt6.67B6.19B
Total Liabilities33.71B 33.45B
Total Shareholder Equity15.66B12.34B
Net Tangible Assets10.3B6.95B

Cash Flow Statement - TSCO 2022 Annual Report

The 2022 annual cash flow statement of Tesco PLC showed that the net income decreased by £-4.662B (-76%) 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)

20222021
Net Income1.48B6.14B
Capital Expenditures-949M-1.17B
Dividends Paid-704M-910M
Total Cash From From Investing Activities-1.74B6.17B
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 202227 Feb 202129 Feb 202023 Feb 2019
Total Revenue61.34B57.89B58.09B63.91B
Cost Of Revenue56.57B54.71B54.25B59.93B
Gross Profit4.77B3.17B3.84B3.98B
Research Development----
Selling General Administrative2.13B1.07B1.21B1.43B
Non Recurring----
Other Operating Expenses-39M-39M-39M-39M
Total Operating Expenses58.67B55.78B55.46B61.37B
Operating Income2.68B2.11B2.63B2.54B
Total Other Income Expense Net-644M-1.28B-1.6B-927M
Ebit2.68B2.11B2.63B2.54B
Interest Expense-652M-695M-722M-847M
Income Before Tax2.03B825M1.03B1.62B
Income Tax Expense510M104M290M347M
Minority Interest-16M-18M-22M-24M
Net Income From Continuing Ops1.52B721M738M1.27B
Discontinued Operations-40M5.43B235M235M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.48B6.14B971M1.27B
Net Income Applicable To Common Shares1.48B6.14B971M1.27B

Balance Sheet Statement

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

26 Feb 202227 Feb 202129 Feb 202023 Feb 2019
Cash2.35B2.51B4.14B1.87B
Short Term Investments2.08B1.01B1.08B390M
Net Receivables1.36B1.3B1.42B1.56B
Inventory2.34B2.07B2.43B2.62B
Other Current Assets437M642M303M150M
Total Current Assets12.19B10.81B13.89B12.58B
Long Term Investments98M94M78M519M
Property Plant Equipment22.77B23.15B25.34B26.88B
Intangible Assets4.73B4.78B4.88B5.24B
Other Assets4.29B2.1B2.84B1.65B
Deferred Long Term Asset Charges21M485M319M191M
Total Assets49.35B45.78B53.15B56.9B
Accounts Payable9.18B8.4B8.92B9.13B
Short Long Term Debt120M521M1.08B1.18B
Other Current Liab334M622M540M801M
Long Term Debt6.67B6.19B6B5.58B
Other Liab1.83B2.42B4.32B3.76B
Minority Interest-16M-18M-22M-24M
Total Current Liabilities16.14B16B18.66B20.97B
Total Liab33.71B33.45B39.78B43.47B
Common Stock484M490M490M490M
Retained Earnings6.93B3.5B4.08B4.03B
Treasury Stock3.08B3.18B3.66B3.77B
Capital Surplus5.17B5.17B5.17B5.17B
Other Stockholder Equity3.44B3.37B3.91B3.95B
Total Stockholder Equity15.66B12.34B13.39B13.46B
Net Tangible Assets10.3B6.95B7.6B7.19B

Cash Flow Statement

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

26 Feb 202227 Feb 202129 Feb 202023 Feb 2019
Net Income1.48B6.14B971M1.27B
Depreciation1.72B1.55B1.81B1.84B
Change To Netincome196M-7.53B811M-122M
Change To Account Receivables35M125M485M112M
Change To Liabilities790M-1.57B-4.25B1.04B
Change To Inventory-281M-50M179M9M
Change To Operating Activities-182M1.74B45M-1.81B
Total Cash From Operating Activities3.76B602M48M2.55B
Capital Expenditures-949M-1.17B-1B-1.1B
Investments-1.01B167M-425M506M
Other Cashflows From Investing Activities192M7.13B62M67M
Total Cashflows From Investing Activities-1.74B6.17B2.4B-1.14B
Dividends Paid-704M-910M-656M-357M
Net Borrowings-958M-1.34B-1.12B-2.1B
Other Cashflows From Financing Activities-123M-580M-17M35M
Total Cash From Financing Activities-2.23B-7.84B-1.94B-2.57B
Effect Of Exchange Rate12M8M-42M15M
Change In Cash-200M-1.05B464M-1.14B
Repurchase Of Stock-422M-66M-149M-206M