WPP plc (LSE:WPP) Annual Report 2021



The latest annual report of WPP plc (WPP) 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 - WPP Annual Results

Amounts in GBP

Total Revenue
12.8B
Gross Profit
2.2B
EBIT
1.22B
Net Tangible Assets
-5.36B
Net Income
637.7M
Capital Expenditures
-263.2M

WPP Income Statement 2021 Annual Report

As per the latest Income Statement of WPP, the Net revenue increased by £798.30M (7%) compared to the previous period. The operating income in 2021 increased by £3.5089B (154%). The net income as per the annual report was 637.7M which increased by £3.6028B (122%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue12.8B12B
Gross Profit2.2B2.01B
Operating Income1.22B-2.28B
Income Before Tax950.8M-2.79B
Net Income637.7M-2.97B

Balance Sheet - WPP 2021 Annual Report

Read further: WPP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of WPP plc showed the company reduced the cash on balance sheet by £-7.2984B (-72%). The Net tangible assets of WPP on the balance sheet were at -5.36B which is £-1.3093B (-32%) less than previous annual report. The total stockholder equity also decreased by £-1.1156B (-24%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash2.78B10.07B
Total Assets27.87B 36.17B
Long Term Debt4.22B4.98B
Total Liabilities23.8B 31.12B
Total Shareholder Equity3.62B4.73B
Net Tangible Assets-5.36B-4.05B

Cash Flow Statement - WPP 2021 Annual Report

The 2021 annual cash flow statement of WPP plc showed that the net income increased by £3.6028B (122%) compared to previous reporting period. Also the capital expenditure of WPP decreased by £-44.90M (-21%).

As of 2021, the total cash from investing activities was -642.2M and total cash from financing activities was -2.06B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income637.7M-2.97B
Capital Expenditures-263.2M-218.3M
Dividends Paid-314.7M-122M
Total Cash From From Investing Activities-642.2M-167.6M
Total Cash From From Financing Activities-2.06B-250.5M

WPP plc Annual Report History

Income Statement

Income Statement history of WPP plc (LSE:WPP)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue12.8B12B13.23B13.05B
Cost Of Revenue10.6B9.99B10.83B10.56B
Gross Profit2.2B2.01B2.41B2.49B
Research Development----
Selling General Administrative978.8M4.3B1.12B1.25B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses11.58B14.29B11.95B11.81B
Operating Income1.22B-2.28B1.29B1.24B
Total Other Income Expense Net-274M-506.5M-74.2M-218.9M
Ebit1.22B-2.28B1.29B1.24B
Interest Expense-279.4M-306M-351.7M-272M
Income Before Tax950.8M-2.79B1.21B1.02B
Income Tax Expense230.1M127.1M287.2M256M
Minority Interest452.6M318.1M371.4M424.4M
Net Income From Continuing Ops720.7M-2.92B927.1M763.3M
Discontinued Operations-6.5M-3.8M126.4M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income637.7M-2.97B844.1M824.6M
Net Income Applicable To Common Shares637.7M-2.97B844.1M824.6M

Balance Sheet Statement

Balance Sheet Statement history of WPP plc (LSE:WPP)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash2.78B10.07B10.44B10.43B
Short Term Investments1.11B2.82B863.6M632.4M
Net Receivables11.23B10.83B11.96B13.3B
Other Current Assets2.5M200k485.3M-
Total Current Assets15.34B23.98B23.76B24.37B
Long Term Investments731.2M718M1.31B1.46B
Property Plant Equipment2.29B2.3B2.61B1.08B
Good Will7.61B7.39B10.11B13.13B
Intangible Assets1.36B1.39B1.47B1.84B
Other Assets540.7M393.9M325.5M333M
Deferred Long Term Asset Charges341.5M212.9M187.9M153M
Total Assets27.87B36.17B39.58B42.22B
Accounts Payable10.6B10.21B14.19B15.02B
Short Long Term Debt224.9M57.2M225.6M583.1M
Other Current Liab5.04B4.08B766M545.9M
Long Term Debt4.22B4.98B4.05B5.63B
Other Liab1.34B1.08B1.24B1.79B
Minority Interest452.6M318.1M371.4M424.4M
Total Current Liabilities16.49B23.23B24.05B25.02B
Total Liab23.8B31.12B31.29B32.44B
Common Stock122.4M129.6M132.8M133.3M
Retained Earnings4.37B4.96B8.58B8.95B
Treasury Stock-1.45B-927.1M-1.35B-293.3M
Capital Surplus574.7M570.3M570.3M569.7M
Other Stockholder Equity-335.9M191.2M-174.7M962.4M
Total Stockholder Equity3.62B4.73B7.93B9.36B
Net Tangible Assets-5.36B-4.05B-3.65B-5.61B

Cash Flow Statement

Cash Flow Statement history of WPP plc (LSE:WPP)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income637.7M-2.97B844.1M824.6M
Depreciation493.9M609.4M637.3M454.7M
Change To Netincome199.2M3.57B18.8M248.8M
Change To Account Receivables-458.9M585.2M159M-298.9M
Change To Liabilities777.8M195M394.7M500.9M
Change To Operating Activities383.1M58M-203.4M-36.3M
Total Cash From Operating Activities2.03B2.05B1.85B1.69B
Capital Expenditures-263.2M-218.3M-339.3M-314.8M
Investments-47.3M289.6M2.44B800.9M
Total Cashflows From Investing Activities-642.2M-167.6M1.76B184.5M
Dividends Paid-314.7M-122M-750.5M-747.4M
Net Borrowings-717.8M332.7M-1.96B-440.6M
Other Cashflows From Financing Activities-210.4M-171M-165.3M-219.9M
Total Cash From Financing Activities-2.06B-250.5M-2.92B-1.61B
Effect Of Exchange Rate-130.1M-99.2M-89.7M-61.5M
Change In Cash-796.5M1.54B532.1M203M
Repurchase Of Stock-818.5M-290.2M-43.8M-207.1M
Issuance Of Stock4.4M4.4M600k1.2M