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
1.71B
Gross Profit
481.9M
EBIT
83.4M
Net Tangible Assets
3.96B
Net Income
42.5M
Capital Expenditures
-200.4M

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 £688.90M (114%). 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)

20222021
Total Revenue1.71B597.2M
Gross Profit481.9M-253.5M
Operating Income83.4M-605.5M
Income Before Tax58.2M-1.01B
Net Income42.5M-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)

20222021
Cash1.13B1.26B
Total Assets9.57B 8.8B
Long Term Debt991.9M990.5M
Total Liabilities5.45B 4.96B
Total Shareholder Equity4.12B3.83B
Net Tangible Assets3.96B3.67B

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)

20222021
Net Income42.5M-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-427.1M1.37B

Whitbread plc Annual Report History

Income Statement

Income Statement history of Whitbread plc (LSE:WTB)

03 Mar 202225 Feb 202127 Feb 202028 Feb 2019
Total Revenue1.71B597.2M2.08B2.05B
Cost Of Revenue1.23B850.7M1.26B1.37B
Gross Profit481.9M-253.5M818.7M681.7M
Research Development----
Selling General Administrative300k-600k2M2.5M
Non Recurring----
Other Operating Expenses71.3M52.4M58M-5.8M
Total Operating Expenses1.63B1.2B1.59B1.62B
Operating Income83.4M-605.5M489.9M426.7M
Total Other Income Expense Net-25.2M-385.3M-209.9M-208.6M
Ebit83.4M-605.5M489.9M426.7M
Interest Expense-169.7M-149.3M-141.9M-143.5M
Income Before Tax58.2M-1.01B280M218.1M
Income Tax Expense15.7M-100.9M62.1M41.3M
Minority Interest----
Net Income From Continuing Ops42.5M-906.5M217.9M176.8M
Discontinued Operations---3.55B
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income42.5M-906.5M217.9M3.73B
Net Income Applicable To Common Shares42.5M-906.5M217.9M3.73B

Balance Sheet Statement

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

03 Mar 202225 Feb 202127 Feb 202028 Feb 2019
Cash1.13B1.26B502.6M3.4B
Net Receivables92.2M56.6M307.7M88.5M
Inventory19.4M12.1M13.7M14.5M
Other Current Assets64.8M27.2M23.9M14.1M
Total Current Assets1.33B1.37B847.9M3.56B
Long Term Investments41.1M37.3M54.8M56.6M
Property Plant Equipment7.49B7.02B6.51B6.23B
Good Will110.5M110.5M110.5M110.5M
Intangible Assets48.8M48.6M62.3M65.1M
Other Assets538.4M216.2M244.3M14.5M
Total Assets9.57B8.8B7.83B10.03B
Accounts Payable570.7M316.5M55.5M78M
Other Current Liab19.6M32.3M226M589M
Long Term Debt991.9M990.5M743.7M823.6M
Other Liab163.5M79.2M145.4M205.1M
Total Current Liabilities719.6M775.3M646.9M949.9M
Total Liab5.45B4.96B4.08B4.38B
Common Stock164.8M164.7M112.9M150.6M
Retained Earnings5.23B4.94B5.86B7.94B
Treasury Stock-2.3B-2.3B-2.32B-2.52B
Capital Surplus1.02B1.02B90.8M81.5M
Other Stockholder Equity-2.3B-1.78B-1.79B-1.83B
Total Stockholder Equity4.12B3.83B3.75B5.65B
Net Tangible Assets3.96B3.67B3.58B5.48B

Cash Flow Statement

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

03 Mar 202225 Feb 202127 Feb 202028 Feb 2019
Net Income42.5M-906.5M217.9M3.73B
Depreciation326.9M276.6M249M306.6M
Change To Netincome-43.2M315M-188.5M-3.49B
Change To Account Receivables-45.4M27.8M-4.1M-57.6M
Change To Liabilities235.2M-129.1M-60.8M54.9M
Change To Inventory-7.3M1.5M900k-2.1M
Total Cash From Operating Activities508.7M-391.1M234.2M603.2M
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-2M3.81B
Total Cashflows From Investing Activities-204.6M-228M-575.8M3.26B
Net Borrowings-431M400M-73.1M-203.1M
Other Cashflows From Financing Activities2M-41M1M1M
Total Cash From Financing Activities-427.1M1.37B-2.55B-551.9M
Effect Of Exchange Rate-600k1.4M-8.1M-300k
Change In Cash-123.6M753.4M-2.9B3.31B
Issuance Of Stock1.9M1.01B9.5M8.5M
Dividends Paid---159.9M-187.4M