United Utilities Group PLC (LSE:UU) Annual Report 2021



The latest annual report of United Utilities Group PLC (UU) was published on 31 Mar 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 - UU Annual Results

Amounts in GBP

Total Revenue
1.81B
Gross Profit
1.64B
EBIT
625M
Net Tangible Assets
2.85B
Net Income
453.4M
Capital Expenditures
-610.4M

UU Income Statement 2021 Annual Report

As per the latest Income Statement of UU, the Net revenue decreased by £-51.30M (-3%) compared to the previous period. The operating income in 2021 decreased by £-132.50M (-17%). The net income as per the annual report was 453.4M which increased by £346.60M (325%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue1.81B1.86B
Gross Profit1.64B1.72B
Operating Income625M757.5M
Income Before Tax551M303.2M
Net Income453.4M106.8M

Balance Sheet - UU 2021 Annual Report

Read further: UU Balance Sheet Detailed Analysis

The latest balance sheet from annual result of United Utilities Group PLC showed the company increased the cash on balance sheet by £55.90M (169%). The Net tangible assets of UU on the balance sheet were at 2.85B which is £76.80M (3%) more than previous annual report. The total stockholder equity also increased by £68.90M (2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash88.9M33M
Total Assets14.18B 14.04B
Long Term Debt7.74B7.46B
Total Liabilities11.15B 11.08B
Total Shareholder Equity3.03B2.96B
Net Tangible Assets2.85B2.77B

Cash Flow Statement - UU 2021 Annual Report

The 2021 annual cash flow statement of United Utilities Group PLC showed that the net income increased by £346.60M (325%) compared to previous reporting period. Also the capital expenditure of UU increased by £42.40M (6%).

As of 2021, the total cash from investing activities was -549.3M and total cash from financing activities was -89.7M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income453.4M106.8M
Capital Expenditures-610.4M-652.8M
Dividends Paid-291.9M-284.5M
Total Cash From From Investing Activities-549.3M-593.9M
Total Cash From From Financing Activities-89.7M-27.8M

United Utilities Group PLC Annual Report History

Income Statement

Income Statement history of United Utilities Group PLC (LSE:UU)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Total Revenue1.81B1.86B1.82B1.74B
Cost Of Revenue164.8M143M165M147.1M
Gross Profit1.64B1.72B1.65B1.59B
Research Development----
Selling General Administrative134.7M125.8M130.3M128.9M
Non Recurring----
Other Operating Expenses434.8M408.8M415.2M431.1M
Total Operating Expenses1.18B1.1B1.13B1.08B
Operating Income625M757.5M688.3M651.9M
Total Other Income Expense Net-74M-454.3M-252.1M-219.8M
Ebit625M757.5M688.3M651.9M
Interest Expense-145.7M-284M-251.1M-178.5M
Income Before Tax551M303.2M436.2M432.1M
Income Tax Expense97.6M196.4M72.8M77.5M
Minority Interest----
Net Income From Continuing Ops453.4M106.8M363.4M354.6M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income453.4M106.8M363.4M354.6M
Net Income Applicable To Common Shares453.4M106.8M363.4M354.6M

Balance Sheet Statement

Balance Sheet Statement history of United Utilities Group PLC (LSE:UU)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Cash88.9M33M4.7M1M
Short Term Investments655.2M495.1M334.6M509M
Net Receivables236.1M283.6M265.9M285.4M
Inventory18.3M16.6M14.9M16.8M
Other Current Assets14.4M100k101.3M337.7M
Total Current Assets1.01B828.4M721.4M1.15B
Long Term Investments100k46.9M90.5M82.3M
Property Plant Equipment11.8B11.51B11.15B10.79B
Intangible Assets181.1M189M202.7M197.7M
Other Assets1.19B1.47B1.02B783.1M
Total Assets14.18B14.04B13.19B13B
Accounts Payable35.7M41.5M35M29.3M
Short Long Term Debt641M827.2M685.5M826.9M
Other Current Liab83.9M90.3M84.1M81M
Long Term Debt7.74B7.46B7.12B7.07B
Other Liab2.36B2.36B1.91B1.84B
Total Current Liabilities995.5M1.2B1.05B1.14B
Total Liab11.15B11.08B10.08B10.05B
Common Stock34.1M34.1M34.1M34.1M
Retained Earnings2.19B2.12B2.27B2.12B
Treasury Stock802M802.4M804M793.6M
Capital Surplus2.9M2.9M2.9M2.9M
Other Stockholder Equity802M802.4M804M793.6M
Total Stockholder Equity3.03B2.96B3.11B2.95B
Net Tangible Assets2.85B2.77B2.91B2.75B

Cash Flow Statement

Cash Flow Statement history of United Utilities Group PLC (LSE:UU)

31 Mar 202131 Mar 202031 Mar 201931 Mar 2018
Net Income453.4M106.8M363.4M354.6M
Depreciation420M400.5M393.2M376.8M
Change To Netincome-27.5M412.2M103.3M107.9M
Change To Account Receivables18.1M4.6M11.7M27.5M
Change To Liabilities2.5M-10.1M21.3M-13M
Change To Inventory-1.7M-1.7M1.9M5.6M
Change To Operating Activities-5.4M-102M-62.5M-43.8M
Total Cash From Operating Activities859.4M810.3M832.3M815.6M
Capital Expenditures-610.4M-652.8M-622.3M-698.6M
Investments85.3M12M1M1M
Other Cashflows From Investing Activities9.4M74.1M31.4M500k
Total Cashflows From Investing Activities-549.3M-593.9M-627.7M-723.2M
Dividends Paid-291.9M-284.5M-274.4M-267M
Net Borrowings206.2M259.5M-100.2M455.1M
Total Cash From Financing Activities-89.7M-27.8M-377.4M184.7M
Change In Cash220.4M188.6M-172.8M277.1M
Repurchase Of Stock-4M-2.8M-2.8M-3.4M