Whitbread plc (LSE:WTB) Annual Report 2022

The latest annual report of Whitbread plc (WTB) was published on 03 Mar 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 - WTB Annual Results

Amounts in GBP

Total Revenue
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

WTB Income Statement 2022 Annual Report

As per the latest Income Statement of WTB, the Net revenue increased by £1.1141B (187%) compared to the previous period. The operating income in 2022 increased by £684.70M (112%). The net income as per the annual report was 42.5M which increased by £949.00M (105%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 1.71B 597.2M
Gross Profit 481.9M -253.5M
Operating Income 74.7M -610M
Income Before Tax 58.2M -1.01B
Net Income 42.5M -906.5M

Balance Sheet - WTB 2022 Annual Report

Read further: WTB Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Whitbread plc showed the company reduced the cash on balance sheet by £-123.60M (-10%). The Net tangible assets of WTB on the balance sheet were at 3.96B which is £284.70M (8%) more than previous annual report. The total stockholder equity also increased by £284.90M (7%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 1.13B 1.26B
Total Assets 9.57B 8.8B
Long Term Debt 991.9M 990.5M
Total Liabilities 5.45B 4.96B
Total Shareholder Equity 4.12B 3.83B
Net Tangible Assets 3.96B 3.67B

Cash Flow Statement - WTB 2022 Annual Report

The 2022 annual cash flow statement of Whitbread plc showed that the net income increased by £949.00M (105%) compared to previous reporting period. Also the capital expenditure of WTB increased by £17.00M (8%).

As of 2022, the total cash from investing activities was -204.6M and total cash from financing activities was -427.1M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 42.5M -906.5M
Capital Expenditures -200.4M -217.4M
Dividends Paid - -
Total Cash From From Investing Activities -204.6M -228M
Total Cash From From Financing Activities -427.1M 1.37B

Whitbread plc Annual Report History

Income Statement

Income Statement history of Whitbread plc (LSE:WTB)

03 Mar 2022 25 Feb 2021 27 Feb 2020 28 Feb 2019
Total Revenue 1.71B 597.2M 2.08B 2.05B
Cost Of Revenue 1.23B 850.7M 1.26B 1.37B
Gross Profit 481.9M -253.5M 818.7M 681.7M
Research Development - - - -
Selling General Administrative 300k -600k 2M 2.5M
Non Recurring - - - -
Other Operating Expenses 80M 56.9M 58M -5.8M
Total Operating Expenses 1.64B 1.21B 1.59B 1.62B
Operating Income 74.7M -610M 489.9M 426.7M
Total Other Income Expense Net -19M -380.8M -209.9M -208.6M
Ebit 74.7M -610M 489.9M 426.7M
Interest Expense -169.7M -149.3M -141.9M -143.5M
Income Before Tax 58.2M -1.01B 280M 218.1M
Income Tax Expense 15.7M -100.9M 62.1M 41.3M
Minority Interest - - - -
Net Income From Continuing Ops 42.5M -906.5M 217.9M 176.8M
Discontinued Operations - - - 3.55B
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 42.5M -906.5M 217.9M 3.73B
Net Income Applicable To Common Shares 42.5M -906.5M 217.9M 3.73B

Balance Sheet Statement

Balance Sheet Statement history of Whitbread plc (LSE:WTB)

03 Mar 2022 25 Feb 2021 27 Feb 2020 28 Feb 2019
Cash 1.13B 1.26B 502.6M 3.4B
Net Receivables 92.2M 56.6M 307.7M 88.5M
Inventory 19.4M 12.1M 13.7M 14.5M
Other Current Assets 64.8M 27.2M 23.9M 14.1M
Total Current Assets 1.33B 1.37B 847.9M 3.56B
Long Term Investments 41.1M 37.3M 54.8M 56.6M
Property Plant Equipment 7.49B 7.02B 6.51B 6.23B
Good Will 110.5M 110.5M 110.5M 110.5M
Intangible Assets 48.8M 48.6M 62.3M 65.1M
Other Assets 538.4M 216.2M 244.3M 14.5M
Total Assets 9.57B 8.8B 7.83B 10.03B
Accounts Payable 570.7M 316.5M 55.5M 78M
Other Current Liab 19.6M 32.3M 226M 589M
Long Term Debt 991.9M 990.5M 743.7M 823.6M
Other Liab 163.5M 79.2M 145.4M 205.1M
Total Current Liabilities 719.6M 775.3M 646.9M 949.9M
Total Liab 5.45B 4.96B 4.08B 4.38B
Common Stock 164.8M 164.7M 112.9M 150.6M
Retained Earnings 5.23B 4.94B 5.86B 7.94B
Treasury Stock -2.3B -2.3B -2.32B -2.52B
Capital Surplus 1.02B 1.02B 90.8M 81.5M
Other Stockholder Equity -2.3B -1.78B -1.79B -1.83B
Total Stockholder Equity 4.12B 3.83B 3.75B 5.65B
Net Tangible Assets 3.96B 3.67B 3.58B 5.48B

Cash Flow Statement

Cash Flow Statement history of Whitbread plc (LSE:WTB)

03 Mar 2022 25 Feb 2021 27 Feb 2020 28 Feb 2019
Net Income 42.5M -906.5M 217.9M 3.73B
Depreciation 326.9M 276.6M 249M 306.6M
Change To Netincome -43.2M 315M -188.5M -3.49B
Change To Account Receivables -45.4M 27.8M -4.1M -57.6M
Change To Liabilities 235.2M -129.1M -60.8M 54.9M
Change To Inventory -7.3M 1.5M 900k -2.1M
Total Cash From Operating Activities 508.7M -391.1M 234.2M 603.2M
Capital Expenditures -200.4M -217.4M -372.7M -479.6M
Investments -1.4M -1.3M -1.3M -6.9M
Other Cashflows From Investing Activities -1.8M -1.8M -2M 3.81B
Total Cashflows From Investing Activities -204.6M -228M -575.8M 3.26B
Net Borrowings -431M 400M -73.1M -203.1M
Other Cashflows From Financing Activities 2M -41M 1M 1M
Total Cash From Financing Activities -427.1M 1.37B -2.55B -551.9M
Effect Of Exchange Rate -600k 1.4M -8.1M -300k
Change In Cash -123.6M 753.4M -2.9B 3.31B
Issuance Of Stock 1.9M 1.01B 9.5M 8.5M
Dividends Paid - - -159.9M -187.4M