Fisher & Paykel Healthcare Corporation Limited (NZX:FPH) Annual Report 2022



The latest annual report of Fisher & Paykel Healthcare Corporation Limited (FPH) was published on 31 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 - FPH Annual Results

Amounts in NZD

Total Revenue
1.68B
Gross Profit
1.05B
EBIT
505.6M
Net Tangible Assets
1.59B
Net Income
376.9M
Capital Expenditures
-138.4M

FPH Income Statement 2022 Annual Report

As per the latest Income Statement of FPH, the Net revenue decreased by $-289.50M (-15%) compared to the previous period. The operating income in 2022 decreased by $-206.70M (-29%). The net income as per the annual report was 376.9M which decreased by $-147.30M (-28%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 1.68B 1.97B
Gross Profit 1.05B 1.25B
Operating Income 505.6M 712.3M
Income Before Tax 504.2M 718.2M
Net Income 376.9M 524.2M

Balance Sheet - FPH 2022 Annual Report

Read further: FPH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Fisher & Paykel Healthcare Corporation Limited showed the company reduced the cash on balance sheet by $-7.40M (-8%). The Net tangible assets of FPH on the balance sheet were at 1.59B which is $152.00M (11%) more than previous annual report. The total stockholder equity also increased by $158.80M (10%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 89.9M 97.3M
Total Assets 2.11B 2.08B
Long Term Debt 63M 63.7M
Total Liabilities 427.3M 554.1M
Total Shareholder Equity 1.68B 1.52B
Net Tangible Assets 1.59B 1.44B

Cash Flow Statement - FPH 2022 Annual Report

The 2022 annual cash flow statement of Fisher & Paykel Healthcare Corporation Limited showed that the net income decreased by $-147.30M (-28%) compared to previous reporting period. Also the capital expenditure of FPH increased by $21.80M (14%).

As of 2022, the total cash from investing activities was -89.5M and total cash from financing activities was -235.8M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 376.9M 524.2M
Capital Expenditures -138.4M -160.2M
Dividends Paid -183.9M -161.2M
Total Cash From From Investing Activities -89.5M -387.3M
Total Cash From From Financing Activities -235.8M -188M

Fisher & Paykel Healthcare Corporation Limited Annual Report History

Income Statement

Income Statement history of Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 1.68B 1.97B 1.26B 1.07B
Cost Of Revenue 629M 725.6M 427.9M 354.6M
Gross Profit 1.05B 1.25B 835.8M 715.8M
Research Development 154M 136.7M 118.5M 100.4M
Selling General Administrative 393.1M 396.6M 338M 304.4M
Non Recurring - - - -
Other Operating Expenses - - - -5M
Total Operating Expenses 1.18B 1.26B 884.4M 754.4M
Operating Income 505.6M 712.3M 379.3M 316M
Total Other Income Expense Net -1.4M 5.9M -8.8M -24.8M
Ebit 505.6M 712.3M 379.3M 316M
Interest Expense -4.9M -5M -3.9M -2.5M
Income Before Tax 504.2M 718.2M 370.5M 291.2M
Income Tax Expense 127.3M 194M 83.2M 82M
Minority Interest - - - -
Net Income From Continuing Ops 376.9M 524.2M 287.3M 209.2M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 376.9M 524.2M 287.3M 209.2M
Net Income Applicable To Common Shares 376.9M 524.2M 287.3M 209.2M

Balance Sheet Statement

Balance Sheet Statement history of Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 89.9M 97.3M 67.1M 48.2M
Short Term Investments 200M 280.3M 77.7M 92.5M
Net Receivables 182.7M 228.9M 223.3M 159.3M
Inventory 358.9M 270.6M 146.5M 136.1M
Other Current Assets 56.3M 42.9M 4.1M 19M
Total Current Assets 887.9M 920M 518.7M 455.3M
Long Term Investments 100k - - 400k
Property Plant Equipment 957.8M 882.1M 735.3M 601.4M
Intangible Assets 86.8M 80M 73.9M 61.5M
Other Assets 174.4M 192.9M 107.1M 88.1M
Deferred Long Term Asset Charges 83.6M 81.3M 90.7M 38.9M
Total Assets 2.11B 2.08B 1.44B 1.21B
Accounts Payable 53.8M 56.7M 69.3M 55.1M
Other Current Liab 139.3M 256.2M 115.3M 64.4M
Long Term Debt 63M 63.7M 23.6M 69.3M
Other Liab 36.1M 33.9M 81M 39.8M
Total Current Liabilities 303.9M 427.5M 334.6M 184.4M
Total Liab 427.3M 554.1M 461.2M 293.5M
Common Stock 261.2M 249.1M 225.4M 219.2M
Retained Earnings 1.18B 1.03B 686.3M 549.2M
Treasury Stock 237.3M 242.6M 62.1M 144.8M
Other Stockholder Equity 237.3M 242.6M 62.1M 144.8M
Total Stockholder Equity 1.68B 1.52B 973.8M 913.2M
Net Tangible Assets 1.59B 1.44B 899.9M 851.7M

Cash Flow Statement

Cash Flow Statement history of Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 376.9M 524.2M 287.3M 209.2M
Depreciation 86.7M 80.5M 56.4M 37.8M
Change To Netincome -107.1M 79.6M 1.4M 7.5M
Change To Account Receivables 52.5M -5.1M -64.8M -11.8M
Change To Liabilities -5.7M 65.7M 46.9M 17.4M
Change To Inventory -88.3M -124.1M -10.4M -10.7M
Total Cash From Operating Activities 324.3M 625.3M 321.4M 253.3M
Capital Expenditures -138.4M -160.2M -145.3M -115.4M
Investments 80.3M -202.6M 15M 7.5M
Total Cashflows From Investing Activities -89.5M -387.3M -155.7M -125.7M
Dividends Paid -183.9M -161.2M -130.4M -101M
Net Borrowings -14.1M -10.2M -14.9M -600k
Total Cash From Financing Activities -235.8M -188M -159M -113.1M
Effect Of Exchange Rate 200k -1M -1.2M 600k
Change In Cash -800k 49M 5.5M 15.1M
Issuance Of Stock 3.2M 3.5M 2.3M 2.1M