Taylor Wimpey plc (LSE:TW) Annual Report 2021



The latest annual report of Taylor Wimpey plc (TW) 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 - TW Annual Results

Amounts in GBP

Total Revenue
4.28B
Gross Profit
1.03B
EBIT
822.2M
Net Tangible Assets
4.31B
Net Income
555.5M
Capital Expenditures
-2.5M

TW Income Statement 2021 Annual Report

As per the latest Income Statement of TW, the Net revenue increased by £1.4947B (54%) compared to the previous period. The operating income in 2021 increased by £468.50M (132%). The net income as per the annual report was 555.5M which increased by £338.50M (156%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue4.28B2.79B
Gross Profit1.03B557M
Operating Income822.2M353.7M
Income Before Tax679.6M264.4M
Net Income555.5M217M

Balance Sheet - TW 2021 Annual Report

Read further: TW Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Taylor Wimpey plc showed the company increased the cash on balance sheet by £98.00M (12%). The Net tangible assets of TW on the balance sheet were at 4.31B which is £298.70M (7%) more than previous annual report. The total stockholder equity also increased by £297.20M (7%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash921M823M
Total Assets6.24B 5.75B
Long Term Debt84M90.1M
Total Liabilities1.93B 1.73B
Total Shareholder Equity4.31B4.02B
Net Tangible Assets4.31B4.01B

Cash Flow Statement - TW 2021 Annual Report

The 2021 annual cash flow statement of Taylor Wimpey plc showed that the net income increased by £338.50M (156%) compared to previous reporting period. Also the capital expenditure of TW increased by £600000 (19%).

As of 2021, the total cash from investing activities was -10.3M and total cash from financing activities was -321.7M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income555.5M217M
Capital Expenditures-2.5M-3.1M
Dividends Paid-301.5M-301.5M
Total Cash From From Investing Activities-10.3M-23.9M
Total Cash From From Financing Activities-321.7M516.4M

Taylor Wimpey plc Annual Report History

Income Statement

Income Statement history of Taylor Wimpey plc (LSE:TW)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue4.28B2.79B4.34B4.08B
Cost Of Revenue3.26B2.23B3.3B3.01B
Gross Profit1.03B557M1.04B1.07B
Research Development----
Selling General Administrative212M205.8M214.9M214M
Non Recurring----
Other Operating Expenses-7.2M-2.5M-10.1M-13.3M
Total Operating Expenses3.46B2.44B3.5B3.21B
Operating Income822.2M353.7M839.3M873.8M
Total Other Income Expense Net-142.6M-89.3M-3.4M-63.1M
Ebit822.2M353.7M839.3M873.8M
Interest Expense-5.4M-8.7M-6M-5.7M
Income Before Tax679.6M264.4M835.9M810.7M
Income Tax Expense124.1M47.4M162M154.1M
Minority Interest----
Net Income From Continuing Ops555.5M217M673.9M656.6M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income555.5M217M673.9M656.6M
Net Income Applicable To Common Shares555.5M217M673.9M656.6M

Balance Sheet Statement

Balance Sheet Statement history of Taylor Wimpey plc (LSE:TW)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash921M823M630.4M734.2M
Net Receivables169.2M189.1M161M135.2M
Inventory4.95B4.53B4.2B4.19B
Total Current Assets6.04B5.55B4.99B5.06B
Long Term Investments85.4M82.2M55.3M48.3M
Property Plant Equipment48.2M51.5M53M48.7M
Intangible Assets6.6M8.1M7M3.2M
Other Assets63.7M60M73.5M96.4M
Deferred Long Term Asset Charges26.2M33.7M29.8M40.7M
Total Assets6.24B5.75B5.18B5.25B
Accounts Payable588.5M622.9M709.1M854.5M
Other Current Liab338.5M281.6M317M337.1M
Long Term Debt84M90.1M84.7M90.1M
Other Liab786.3M609.2M640.4M718.3M
Total Current Liabilities1.04B1.01B1.12B1.2B
Total Liab1.93B1.73B1.87B2.03B
Common Stock292.2M292.2M288.6M288.5M
Retained Earnings2.72B2.42B2.23B2.15B
Treasury Stock527M532.2M26M22.3M
Capital Surplus777.5M773.1M762.9M762.9M
Other Stockholder Equity541.6M543.7M43.6M45M
Total Stockholder Equity4.31B4.02B3.31B3.23B
Net Tangible Assets4.31B4.01B3.3B3.22B

Cash Flow Statement

Cash Flow Statement history of Taylor Wimpey plc (LSE:TW)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income555.5M217M673.9M656.6M
Depreciation12M12.6M11.9M12.1M
Change To Netincome127.9M-77.6M-68.1M26.1M
Change To Account Receivables32.1M-19.5M-12.7M-10.9M
Change To Liabilities-6M-75.3M-74.9M-41.9M
Change To Inventory-293.2M-362.2M-21.7M-1.7M
Total Cash From Operating Activities431.9M-301.2M510M641.3M
Capital Expenditures-2.5M-3.1M-7.2M-2.1M
Investments-5.9M-19.8M-6.3M-6.4M
Other Cashflows From Investing Activities200k3.9M10.3M17.1M
Total Cashflows From Investing Activities-10.3M-23.9M-8.6M8.7M
Dividends Paid-301.5M-301.5M-249.8M-159.5M
Net Borrowings-19.6M5.5M-8.4M-8.3M
Total Cash From Financing Activities-321.7M516.4M-602.6M-516.2M
Effect Of Exchange Rate-1.9M1.3M-2.6M-100k
Change In Cash98M192.6M-103.8M133.7M
Repurchase Of Stock-4.2M-4.2M-4.2M-9.9M
Issuance Of Stock3.6M510.9M5.5M1.5M