Mainfreight Limited (NZX:MFT) Annual Report 2022

The latest annual report of Mainfreight Limited (MFT) 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 - MFT Annual Results

^{Amounts in NZD}

Total Revenue

5.22B

Gross Profit

974.86M

EBIT

510.42M

Net Tangible Assets

1.17B

Net Income

355.4M

Capital Expenditures

-175.91M

MFT Income Statement 2022 Annual Report

As per the latest Income Statement of MFT, the Net revenue increased by $1.674421B (47%) compared to the previous period. The operating income in 2022 increased by $226.01M (79%). The net income as per the annual report was 355.4M which increased by $167.29M (89%) compared to previous year.

Income Statement Report (2022/2021)

	2022	2021
Total Revenue	5.22B	3.54B
Gross Profit	974.86M	678.65M
Operating Income	510.42M	284.42M
Income Before Tax	489.38M	262.41M
Net Income	355.4M	188.11M

Balance Sheet - MFT 2022 Annual Report

Read further: MFT Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Mainfreight Limited showed the company increased the cash on balance sheet by $62.70M (45%). The Net tangible assets of MFT on the balance sheet were at 1.17B which is $320.10M (38%) more than previous annual report. The total stockholder equity also increased by $314.22M (28%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

	2022	2021
Cash	202.26M	139.56M
Total Assets	3.03B	2.49B
Long Term Debt	176M	210M
Total Liabilities	1.6B	1.37B
Total Shareholder Equity	1.43B	1.12B
Net Tangible Assets	1.17B	851.3M

Cash Flow Statement - MFT 2022 Annual Report

The 2022 annual cash flow statement of Mainfreight Limited showed that the net income increased by $167.29M (89%) compared to previous reporting period. Also the capital expenditure of MFT decreased by $-71.86M (-69%).

As of 2022, the total cash from investing activities was -189.08M and total cash from financing activities was -249.97M.

Cash Flow Statement Report (2022/2021)

	2022	2021
Net Income	355.4M	188.11M
Capital Expenditures	-175.91M	-104.05M
Dividends Paid	-100.7M	-64.45M
Total Cash From From Investing Activities	-189.08M	-118.55M
Total Cash From From Financing Activities	-249.97M	-227.59M

Mainfreight Limited Annual Report History

Income Statement

Income Statement history of Mainfreight Limited (NZX:MFT)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Total Revenue	5.22B	3.54B	3.09B	2.95B
Cost Of Revenue	4.24B	2.87B	2.47B	2.51B
Gross Profit	974.86M	678.65M	621.17M	448.07M
Research Development	-	-	-	-
Selling General Administrative	-	-	-	-
Non Recurring	-	-	-	-
Other Operating Expenses	263.82M	211.84M	222.5M	191.02M
Total Operating Expenses	4.71B	3.26B	2.87B	2.75B
Operating Income	510.42M	284.42M	228.94M	203.94M
Total Other Income Expense Net	-21.04M	-22.01M	-27.47M	-11.83M
Ebit	510.42M	284.42M	228.94M	203.94M
Interest Expense	-21.04M	-22.01M	-23.35M	-7.54M
Income Before Tax	489.38M	262.41M	201.47M	192.11M
Income Tax Expense	133.98M	74.3M	42.27M	54.48M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	355.4M	188.11M	159.2M	137.62M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	355.4M	188.11M	159.2M	137.62M
Net Income Applicable To Common Shares	355.4M	188.11M	159.2M	137.62M

Balance Sheet Statement

Balance Sheet Statement history of Mainfreight Limited (NZX:MFT)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Cash	202.26M	139.56M	116.14M	115.18M
Net Receivables	805.84M	489.5M	423.78M	389.58M
Total Current Assets	1.06B	718.58M	613.04M	560.06M
Property Plant Equipment	1.7B	1.49B	1.39B	666.63M
Good Will	204.5M	208.63M	226.57M	208.52M
Intangible Assets	53.37M	55.12M	58.12M	61.44M
Other Assets	17.24M	18.46M	15.04M	6.23M
Deferred Long Term Asset Charges	17.24M	18.46M	15.04M	6.23M
Total Assets	3.03B	2.49B	2.3B	1.5B
Accounts Payable	562M	412.83M	339.56M	314.93M
Other Current Liab	56.61M	30.34M	19.21M	18.87M
Long Term Debt	176M	210M	267.7M	238.65M
Other Liab	13.2M	9.49M	9.54M	22.29M
Total Current Liabilities	900.89M	662.52M	555.2M	398.88M
Total Liab	1.6B	1.37B	1.34B	664.57M
Common Stock	85.82M	85.82M	85.82M	85.82M
Retained Earnings	1.15B	897.38M	773.72M	673.93M
Treasury Stock	191.37M	131.84M	106.8M	78.56M
Other Stockholder Equity	191.37M	131.84M	106.8M	78.56M
Total Stockholder Equity	1.43B	1.12B	966.34M	838.32M
Net Tangible Assets	1.17B	851.3M	681.65M	568.35M

Cash Flow Statement

Cash Flow Statement history of Mainfreight Limited (NZX:MFT)

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Net Income	355.4M	188.11M	159.2M	137.62M
Depreciation	182.44M	165.73M	154.2M	39.08M
Change To Netincome	4.44M	-4.11M	-22.38M	367k
Change To Account Receivables	-316.32M	-68.41M	-31.46M	-27.64M
Change To Liabilities	206.56M	95.87M	36.3M	28.51M
Change To Operating Activities	42.24M	-26M	-8.18M	2.95M
Total Cash From Operating Activities	503.8M	376.28M	300.8M	197.42M
Capital Expenditures	-175.91M	-104.05M	-143.29M	-87.67M
Total Cashflows From Investing Activities	-189.08M	-118.55M	-155.03M	-89.17M
Dividends Paid	-100.7M	-64.45M	-59.41M	-48.34M
Net Borrowings	-149.27M	-163.14M	-92.51M	-26.43M
Total Cash From Financing Activities	-249.97M	-227.59M	-151.92M	-74.77M
Effect Of Exchange Rate	-2.05M	-6.72M	7.11M	1.22M
Change In Cash	62.7M	23.42M	954k	34.7M