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)

20222021
Total Revenue1.68B1.97B
Gross Profit1.05B1.25B
Operating Income505.6M712.3M
Income Before Tax504.2M718.2M
Net Income376.9M524.2M

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)

20222021
Cash89.9M97.3M
Total Assets2.11B 2.08B
Long Term Debt63M63.7M
Total Liabilities427.3M 554.1M
Total Shareholder Equity1.68B1.52B
Net Tangible Assets1.59B1.44B

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)

20222021
Net Income376.9M524.2M
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 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue1.68B1.97B1.26B1.07B
Cost Of Revenue629M725.6M427.9M354.6M
Gross Profit1.05B1.25B835.8M715.8M
Research Development154M136.7M118.5M100.4M
Selling General Administrative393.1M396.6M338M304.4M
Non Recurring----
Other Operating Expenses----5M
Total Operating Expenses1.18B1.26B884.4M754.4M
Operating Income505.6M712.3M379.3M316M
Total Other Income Expense Net-1.4M5.9M-8.8M-24.8M
Ebit505.6M712.3M379.3M316M
Interest Expense-4.9M-5M-3.9M-2.5M
Income Before Tax504.2M718.2M370.5M291.2M
Income Tax Expense127.3M194M83.2M82M
Minority Interest----
Net Income From Continuing Ops376.9M524.2M287.3M209.2M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income376.9M524.2M287.3M209.2M
Net Income Applicable To Common Shares376.9M524.2M287.3M209.2M

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash89.9M97.3M67.1M48.2M
Short Term Investments200M280.3M77.7M92.5M
Net Receivables182.7M228.9M223.3M159.3M
Inventory358.9M270.6M146.5M136.1M
Other Current Assets56.3M42.9M4.1M19M
Total Current Assets887.9M920M518.7M455.3M
Long Term Investments100k--400k
Property Plant Equipment957.8M882.1M735.3M601.4M
Intangible Assets86.8M80M73.9M61.5M
Other Assets174.4M192.9M107.1M88.1M
Deferred Long Term Asset Charges83.6M81.3M90.7M38.9M
Total Assets2.11B2.08B1.44B1.21B
Accounts Payable53.8M56.7M69.3M55.1M
Other Current Liab139.3M256.2M115.3M64.4M
Long Term Debt63M63.7M23.6M69.3M
Other Liab36.1M33.9M81M39.8M
Total Current Liabilities303.9M427.5M334.6M184.4M
Total Liab427.3M554.1M461.2M293.5M
Common Stock261.2M249.1M225.4M219.2M
Retained Earnings1.18B1.03B686.3M549.2M
Treasury Stock237.3M242.6M62.1M144.8M
Other Stockholder Equity237.3M242.6M62.1M144.8M
Total Stockholder Equity1.68B1.52B973.8M913.2M
Net Tangible Assets1.59B1.44B899.9M851.7M

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income376.9M524.2M287.3M209.2M
Depreciation86.7M80.5M56.4M37.8M
Change To Netincome-107.1M79.6M1.4M7.5M
Change To Account Receivables52.5M-5.1M-64.8M-11.8M
Change To Liabilities-5.7M65.7M46.9M17.4M
Change To Inventory-88.3M-124.1M-10.4M-10.7M
Total Cash From Operating Activities324.3M625.3M321.4M253.3M
Capital Expenditures-138.4M-160.2M-145.3M-115.4M
Investments80.3M-202.6M15M7.5M
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 Rate200k-1M-1.2M600k
Change In Cash-800k49M5.5M15.1M
Issuance Of Stock3.2M3.5M2.3M2.1M