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)

20222021
Total Revenue8.5B8.12B
Gross Profit2.51B2.34B
Operating Income723M649M
Income Before Tax598M432M
Net Income432M305M

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)

20222021
Cash351M666M
Total Assets8.42B 7.97B
Long Term Debt976M751M
Total Liabilities4.66B 4.24B
Total Shareholder Equity3.75B3.72B
Net Tangible Assets2.63B2.65B

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)

20222021
Net Income432M305M
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 202230 Jun 202130 Jun 202030 Jun 2019
Total Revenue8.5B8.12B7.31B8.31B
Cost Of Revenue5.99B5.78B5.5B6.03B
Gross Profit2.51B2.34B1.81B2.28B
Research Development----
Selling General Administrative1.79B1.69B1.66B1.75B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses7.78B7.47B7.16B7.77B
Operating Income723M649M153M535M
Total Other Income Expense Net-125M-217M-418M-196M
Ebit723M649M153M535M
Interest Expense-117M-124M-178M-154M
Income Before Tax598M432M-265M339M
Income Tax Expense159M115M-81M80M
Minority Interest15M16M35M32M
Net Income From Continuing Ops439M317M-184M259M
Discontinued Operations----82M
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income432M305M-196M164M
Net Income Applicable To Common Shares432M305M-196M164M

Balance Sheet Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Cash351M666M1.1B1.37B
Net Receivables1.4B1.18B1.18B1.4B
Inventory1.51B1.19B1.22B1.34B
Other Current Assets17M94M329M5M
Total Current Assets3.28B3.12B3.82B4.12B
Long Term Investments195M173M158M152M
Property Plant Equipment3.15B2.98B2.97B1.75B
Good Will717M706M708M711M
Intangible Assets399M364M425M418M
Other Assets682M628M695M554M
Deferred Long Term Asset Charges209M238M285M121M
Total Assets8.42B7.97B8.78B7.71B
Accounts Payable791M729M609M761M
Short Long Term Debt64M106M581M602M
Other Current Liab1.09B867M984M930M
Long Term Debt976M751M1.21B1.09B
Other Liab53M63M99M112M
Minority Interest15M16M35M32M
Total Current Liabilities2.16B1.91B2.38B2.33B
Total Liab4.66B4.24B5.24B3.54B
Common Stock3B3.25B3.3B3.45B
Retained Earnings705M562M391M898M
Treasury Stock42M-91M-191M-204M
Other Stockholder Equity42M-91M-171M-184M
Total Stockholder Equity3.75B3.72B3.5B4.14B
Net Tangible Assets2.63B2.65B2.37B3.01B

Cash Flow Statement

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

30 Jun 202230 Jun 202130 Jun 202030 Jun 2019
Net Income432M305M-196M164M
Depreciation350M354M370M199M
Change To Netincome171M218M178M194M
Change To Account Receivables-48M-62M95M26M
Change To Liabilities84M160M-67M-59M
Change To Inventory-239M-22M-1M-69M
Change To Operating Activities-158M-74M31M-302M
Total Cash From Operating Activities592M879M410M153M
Capital Expenditures-399M-221M-240M-348M
Investments-10M-10M-10M-10M
Total Cashflows From Investing Activities-356M-201M-234M914M
Dividends Paid-292M-99M-128M-68M
Net Borrowings-20M-946M-159M-280M
Other Cashflows From Financing Activities5M-31M-9M-7M
Total Cash From Financing Activities-557M-1.11B-443M-355M
Effect Of Exchange Rate6M-5M-1M-5M
Change In Cash-315M-438M-268M707M
Repurchase Of Stock-250M-35M-147M-147M