Fletcher Building Limited (NZX:FBU) Annual Report 2022



The latest annual report of Fletcher Building Limited (FBU) was published on 30 Jun 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 - FBU Annual Results

Amounts in NZD

Total Revenue
8.5B
Gross Profit
2.51B
EBIT
723M
Net Tangible Assets
2.63B
Net Income
432M
Capital Expenditures
-399M

FBU Income Statement 2022 Annual Report

As per the latest Income Statement of FBU, the Net revenue increased by $378.00M (5%) compared to the previous period. The operating income in 2022 increased by $74.00M (11%). The net income as per the annual report was 432M which increased by $127.00M (42%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 8.5B 8.12B
Gross Profit 2.51B 2.34B
Operating Income 723M 649M
Income Before Tax 598M 432M
Net Income 432M 305M

Balance Sheet - FBU 2022 Annual Report

Read further: FBU Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Fletcher Building Limited showed the company reduced the cash on balance sheet by $-315.00M (-47%). The Net tangible assets of FBU on the balance sheet were at 2.63B which is $-15.00M (-1%) less than previous annual report. The total stockholder equity also increased by $31.00M (1%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 351M 666M
Total Assets 8.42B 7.97B
Long Term Debt 976M 751M
Total Liabilities 4.66B 4.24B
Total Shareholder Equity 3.75B 3.72B
Net Tangible Assets 2.63B 2.65B

Cash Flow Statement - FBU 2022 Annual Report

The 2022 annual cash flow statement of Fletcher Building Limited showed that the net income increased by $127.00M (42%) compared to previous reporting period. Also the capital expenditure of FBU decreased by $-178.00M (-81%).

As of 2022, the total cash from investing activities was -356M and total cash from financing activities was -557M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 432M 305M
Capital Expenditures -399M -221M
Dividends Paid -292M -99M
Total Cash From From Investing Activities -356M -201M
Total Cash From From Financing Activities -557M -1.11B

Fletcher Building Limited Annual Report History

Income Statement

Income Statement history of Fletcher Building Limited (NZX:FBU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 8.5B 8.12B 7.31B 8.31B
Cost Of Revenue 5.99B 5.78B 5.5B 6.03B
Gross Profit 2.51B 2.34B 1.81B 2.28B
Research Development - - - -
Selling General Administrative 1.79B 1.69B 1.66B 1.75B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 7.78B 7.47B 7.16B 7.77B
Operating Income 723M 649M 153M 535M
Total Other Income Expense Net -125M -217M -418M -196M
Ebit 723M 649M 153M 535M
Interest Expense -117M -124M -178M -154M
Income Before Tax 598M 432M -265M 339M
Income Tax Expense 159M 115M -81M 80M
Minority Interest 15M 16M 35M 32M
Net Income From Continuing Ops 439M 317M -184M 259M
Discontinued Operations - - - -82M
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 432M 305M -196M 164M
Net Income Applicable To Common Shares 432M 305M -196M 164M

Balance Sheet Statement

Balance Sheet Statement history of Fletcher Building Limited (NZX:FBU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 351M 666M 1.1B 1.37B
Net Receivables 1.4B 1.18B 1.18B 1.4B
Inventory 1.51B 1.19B 1.22B 1.34B
Other Current Assets 17M 94M 329M 5M
Total Current Assets 3.28B 3.12B 3.82B 4.12B
Long Term Investments 195M 173M 158M 152M
Property Plant Equipment 3.15B 2.98B 2.97B 1.75B
Good Will 717M 706M 708M 711M
Intangible Assets 399M 364M 425M 418M
Other Assets 682M 628M 695M 554M
Deferred Long Term Asset Charges 209M 238M 285M 121M
Total Assets 8.42B 7.97B 8.78B 7.71B
Accounts Payable 791M 729M 609M 761M
Short Long Term Debt 64M 106M 581M 602M
Other Current Liab 1.09B 867M 984M 930M
Long Term Debt 976M 751M 1.21B 1.09B
Other Liab 53M 63M 99M 112M
Minority Interest 15M 16M 35M 32M
Total Current Liabilities 2.16B 1.91B 2.38B 2.33B
Total Liab 4.66B 4.24B 5.24B 3.54B
Common Stock 3B 3.25B 3.3B 3.45B
Retained Earnings 705M 562M 391M 898M
Treasury Stock 42M -91M -191M -204M
Other Stockholder Equity 42M -91M -171M -184M
Total Stockholder Equity 3.75B 3.72B 3.5B 4.14B
Net Tangible Assets 2.63B 2.65B 2.37B 3.01B

Cash Flow Statement

Cash Flow Statement history of Fletcher Building Limited (NZX:FBU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 432M 305M -196M 164M
Depreciation 350M 354M 370M 199M
Change To Netincome 171M 218M 178M 194M
Change To Account Receivables -48M -62M 95M 26M
Change To Liabilities 84M 160M -67M -59M
Change To Inventory -239M -22M -1M -69M
Change To Operating Activities -158M -74M 31M -302M
Total Cash From Operating Activities 592M 879M 410M 153M
Capital Expenditures -399M -221M -240M -348M
Investments -10M -10M -10M -10M
Total Cashflows From Investing Activities -356M -201M -234M 914M
Dividends Paid -292M -99M -128M -68M
Net Borrowings -20M -946M -159M -280M
Other Cashflows From Financing Activities 5M -31M -9M -7M
Total Cash From Financing Activities -557M -1.11B -443M -355M
Effect Of Exchange Rate 6M -5M -1M -5M
Change In Cash -315M -438M -268M 707M
Repurchase Of Stock -250M -35M -147M -147M