Genesis Energy Limited (NZX:GNE) Annual Report 2022



The latest annual report of Genesis Energy Limited (GNE) 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 - GNE Annual Results

Amounts in NZD

Total Revenue
2.83B
Gross Profit
440.3M
EBIT
224.5M
Net Tangible Assets
2.06B
Net Income
221.9M
Capital Expenditures
-70.1M

GNE Income Statement 2022 Annual Report

As per the latest Income Statement of GNE, the Net revenue decreased by $-387.10M (-12%) compared to the previous period. The operating income in 2022 increased by $13.00M (6%). The net income as per the annual report was 221.9M which increased by $190.20M (600%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.83B 3.22B
Gross Profit 440.3M 407.5M
Operating Income 224.5M 211.5M
Income Before Tax 310.2M 44.8M
Net Income 221.9M 31.7M

Balance Sheet - GNE 2022 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 $1.30M (1%). The Net tangible assets of GNE on the balance sheet were at 2.06B which is $345.10M (20%) more than previous annual report. The total stockholder equity also increased by $333.00M (16%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 105.6M 104.3M
Total Assets 5.27B 5.23B
Long Term Debt 1.12B 965.2M
Total Liabilities 2.89B 3.19B
Total Shareholder Equity 2.38B 2.05B
Net Tangible Assets 2.06B 1.71B

Cash Flow Statement - GNE 2022 Annual Report

The 2022 annual cash flow statement of Genesis Energy Limited showed that the net income increased by $190.20M (600%) compared to previous reporting period. Also the capital expenditure of GNE decreased by $-2.40M (-4%).

As of 2022, the total cash from investing activities was -110.6M and total cash from financing activities was -149.8M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 221.9M 31.7M
Capital Expenditures -70.1M -67.7M
Dividends Paid -164.8M -162.3M
Total Cash From From Investing Activities -110.6M -101.2M
Total Cash From From Financing Activities -149.8M -146.5M

Genesis Energy Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 2.83B 3.22B 2.59B 2.7B
Cost Of Revenue 2.39B 2.81B 2.24B 2.33B
Gross Profit 440.3M 407.5M 355.6M 369.4M
Research Development - - - -
Selling General Administrative - - - -
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 2.61B 3.01B 2.45B 2.53B
Operating Income 224.5M 211.5M 145.8M 167.7M
Total Other Income Expense Net 85.7M -166.7M -84.2M -84.8M
Ebit 224.5M 211.5M 145.8M 167.7M
Interest Expense -59.7M -55.5M -66M -71.9M
Income Before Tax 310.2M 44.8M 61.6M 82.9M
Income Tax Expense 88.3M 13.1M 15.6M 23.8M
Minority Interest - - - -
Net Income From Continuing Ops 221.9M 31.7M 46M 59.1M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 221.9M 31.7M 46M 59.1M
Net Income Applicable To Common Shares 221.9M 31.7M 46M 59.1M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 105.6M 104.3M 32.5M 61.9M
Net Receivables 251.1M 356.4M 260M 242.9M
Inventory 202.9M 93.2M 98M 126.6M
Other Current Assets 172M 375.5M 49M 47.5M
Total Current Assets 731.6M 929.4M 439.5M 478.9M
Long Term Investments 35.8M 21M 6.7M 200k
Property Plant Equipment 4.03B 3.78B 3.68B 3.77B
Good Will 228.4M 228.4M 228.4M 228.4M
Intangible Assets 95.5M 107.6M 119.8M 129.8M
Other Assets 155.5M 169M 112.8M 78.9M
Total Assets 5.27B 5.23B 4.58B 4.69B
Short Long Term Debt 130.9M 108.4M 10.5M 181.6M
Other Current Liab 402.7M 801.9M 281.4M 323.5M
Long Term Debt 1.12B 965.2M 1.29B 1.11B
Other Liab 996.9M 958.5M 863.7M 865.8M
Deferred Long Term Liab 3.4M 4.4M 5.2M 5.8M
Total Current Liabilities 694.7M 1.18B 301.3M 505.1M
Total Liab 2.89B 3.19B 2.51B 2.54B
Common Stock 672M 654.6M 637.5M 600.6M
Retained Earnings -26.5M -66.1M 77.7M 207.2M
Treasury Stock 1.73B 1.46B 1.35B 1.34B
Other Stockholder Equity 1.74B 1.46B 1.36B 1.34B
Total Stockholder Equity 2.38B 2.05B 2.07B 2.15B
Net Tangible Assets 2.06B 1.71B 1.72B 1.79B

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 221.9M 31.7M 46M 59.1M
Depreciation 199.5M 178.2M 192.2M 185.3M
Change To Netincome -57.5M 74.4M 40.1M 73.3M
Change To Account Receivables 98.7M -106.4M -10.5M -700k
Change To Liabilities -142.7M 153.1M -500k 35.7M
Change To Inventory -109.7M 4.8M 32.8M -55.2M
Change To Operating Activities 28.1M -44M -1.4M 9.3M
Total Cash From Operating Activities 261.7M 319.5M 307.5M 311.4M
Capital Expenditures -70.1M -67.7M -76.3M -72.8M
Investments -18.5M -15.2M -7.7M -400k
Other Cashflows From Investing Activities -8.3M -8.3M -8.3M -8.3M
Total Cashflows From Investing Activities -110.6M -101.2M -103.2M -92.7M
Dividends Paid -164.8M -162.3M -138.4M -131.6M
Net Borrowings 78.1M 72.4M -28.6M 1.2M
Other Cashflows From Financing Activities -63.3M -56.2M -66.6M -74.4M
Total Cash From Financing Activities -149.8M -146.5M -233.7M -206.1M
Change In Cash 1.3M 71.8M -29.4M 12.6M
Repurchase Of Stock -1M -400k -100k -1.3M
Issuance Of Stock 1.2M 1.2M 1.2M 1.2M