Genesis Energy Limited (NZX:GNE) Annual Report 2021



The latest annual report of Genesis Energy Limited (GNE) was published on 30 Jun 2021. 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 - GNE Annual Results

Amounts in NZD

Total Revenue
3.22B
Gross Profit
410.8M
EBIT
213.9M
Net Tangible Assets
1.71B
Net Income
33.5M
Capital Expenditures
-67.7M

GNE Income Statement 2021 Annual Report

As per the latest Income Statement of GNE, the Net revenue increased by $629.70M (24%) compared to the previous period. The operating income in 2021 increased by $68.10M (47%). The net income as per the annual report was 33.5M which decreased by $-12.50M (-27%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue3.22B2.59B
Gross Profit410.8M355.6M
Operating Income213.9M145.8M
Income Before Tax47.2M61.6M
Net Income33.5M46M

Balance Sheet - GNE 2021 Annual Report

Read further: GNE Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Genesis Energy Limited showed the company increased the cash on balance sheet by $71.80M (221%). The Net tangible assets of GNE on the balance sheet were at 1.71B which is $-15.00M (-1%) less than previous annual report. The total stockholder equity also decreased by $-18.10M (-1%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash104.3M32.5M
Total Assets5.24B 4.58B
Long Term Debt965.2M1.29B
Total Liabilities3.19B 2.51B
Total Shareholder Equity2.05B2.07B
Net Tangible Assets1.71B1.72B

Cash Flow Statement - GNE 2021 Annual Report

The 2021 annual cash flow statement of Genesis Energy Limited showed that the net income decreased by $-12.50M (-27%) compared to previous reporting period. Also the capital expenditure of GNE increased by $8.60M (11%).

As of 2021, the total cash from investing activities was -105.5M and total cash from financing activities was -146.5M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income33.5M46M
Capital Expenditures-67.7M-76.3M
Dividends Paid-162.3M-138.4M
Total Cash From From Investing Activities-105.5M-103.2M
Total Cash From From Financing Activities-146.5M-233.7M

Genesis Energy Limited Annual Report History

Income Statement

Income Statement history of Genesis Energy Limited (NZX:GNE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue3.22B2.59B2.7B2.3B
Cost Of Revenue2.81B2.24B2.33B1.94B
Gross Profit410.8M355.6M369.4M360.4M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses----
Total Operating Expenses3.01B2.45B2.53B2.15B
Operating Income213.9M145.8M167.7M154.7M
Total Other Income Expense Net-166.7M-84.2M-84.8M-127.3M
Ebit213.9M145.8M167.7M154.7M
Interest Expense-55.5M-66M-71.9M-68.6M
Income Before Tax47.2M61.6M82.9M27.4M
Income Tax Expense13.7M15.6M23.8M7.7M
Minority Interest----
Net Income From Continuing Ops33.5M46M59.1M19.7M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income33.5M46M59.1M19.7M
Net Income Applicable To Common Shares33.5M46M59.1M19.7M

Balance Sheet Statement

Balance Sheet Statement history of Genesis Energy Limited (NZX:GNE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash104.3M32.5M61.9M49.3M
Net Receivables354.5M260M242.9M229.6M
Inventory93.2M98M126.6M70.3M
Other Current Assets375.5M49M47.5M39.5M
Total Current Assets927.5M439.5M478.9M388.7M
Long Term Investments21M6.7M200k-
Property Plant Equipment3.78B3.68B3.77B3.43B
Good Will228.4M228.4M228.4M228.4M
Intangible Assets116.7M119.8M129.8M130.3M
Other Assets169M112.8M78.9M50.1M
Total Assets5.24B4.58B4.69B4.23B
Short Long Term Debt108.4M10.5M181.6M210M
Other Current Liab801.9M281.4M323.5M252.6M
Long Term Debt965.2M1.29B1.11B1.05B
Other Liab960.5M863.7M865.8M763.1M
Deferred Long Term Liab4.4M5.2M5.8M5.6M
Total Current Liabilities1.18B301.3M505.1M462.6M
Total Liab3.19B2.51B2.54B2.27B
Common Stock654.6M637.5M600.6M559.7M
Retained Earnings-60.9M77.7M207.2M325.1M
Treasury Stock1.46B1.35B1.34B1.07B
Other Stockholder Equity1.46B1.36B1.34B1.07B
Total Stockholder Equity2.05B2.07B2.15B1.96B
Net Tangible Assets1.71B1.72B1.79B1.6B

Cash Flow Statement

Cash Flow Statement history of Genesis Energy Limited (NZX:GNE)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income33.5M46M59.1M19.7M
Depreciation178.2M192.2M185.3M190.4M
Change To Netincome75M40.1M73.3M86.6M
Change To Account Receivables-105.4M-10.5M-700k-4.9M
Change To Liabilities153.1M-500k35.7M25.5M
Change To Inventory4.8M32.8M-55.2M4.2M
Change To Operating Activities-44M-1.4M9.3M-8.1M
Total Cash From Operating Activities323.8M307.5M311.4M330.6M
Capital Expenditures-67.7M-76.3M-72.8M-50.1M
Investments-15.2M-7.7M-400k-400k
Total Cashflows From Investing Activities-105.5M-103.2M-92.7M-82.2M
Dividends Paid-162.3M-138.4M-131.6M-147.7M
Net Borrowings72.4M-28.6M1.2M-9M
Other Cashflows From Financing Activities-56.2M-66.6M-74.4M-69.1M
Total Cash From Financing Activities-146.5M-233.7M-206.1M-226.9M
Change In Cash71.8M-29.4M12.6M21.5M
Repurchase Of Stock-400k-100k-1.3M-1.1M