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)

20222021
Total Revenue5.22B3.54B
Gross Profit974.86M678.65M
Operating Income510.42M284.42M
Income Before Tax489.38M262.41M
Net Income355.4M188.11M

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)

20222021
Cash202.26M139.56M
Total Assets3.03B 2.49B
Long Term Debt176M210M
Total Liabilities1.6B 1.37B
Total Shareholder Equity1.43B1.12B
Net Tangible Assets1.17B851.3M

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)

20222021
Net Income355.4M188.11M
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 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue5.22B3.54B3.09B2.95B
Cost Of Revenue4.24B2.87B2.47B2.51B
Gross Profit974.86M678.65M621.17M448.07M
Research Development----
Selling General Administrative----
Non Recurring----
Other Operating Expenses263.82M211.84M222.5M191.02M
Total Operating Expenses4.71B3.26B2.87B2.75B
Operating Income510.42M284.42M228.94M203.94M
Total Other Income Expense Net-21.04M-22.01M-27.47M-11.83M
Ebit510.42M284.42M228.94M203.94M
Interest Expense-21.04M-22.01M-23.35M-7.54M
Income Before Tax489.38M262.41M201.47M192.11M
Income Tax Expense133.98M74.3M42.27M54.48M
Minority Interest----
Net Income From Continuing Ops355.4M188.11M159.2M137.62M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income355.4M188.11M159.2M137.62M
Net Income Applicable To Common Shares355.4M188.11M159.2M137.62M

Balance Sheet Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash202.26M139.56M116.14M115.18M
Net Receivables805.84M489.5M423.78M389.58M
Total Current Assets1.06B718.58M613.04M560.06M
Property Plant Equipment1.7B1.49B1.39B666.63M
Good Will204.5M208.63M226.57M208.52M
Intangible Assets53.37M55.12M58.12M61.44M
Other Assets17.24M18.46M15.04M6.23M
Deferred Long Term Asset Charges17.24M18.46M15.04M6.23M
Total Assets3.03B2.49B2.3B1.5B
Accounts Payable562M412.83M339.56M314.93M
Other Current Liab56.61M30.34M19.21M18.87M
Long Term Debt176M210M267.7M238.65M
Other Liab13.2M9.49M9.54M22.29M
Total Current Liabilities900.89M662.52M555.2M398.88M
Total Liab1.6B1.37B1.34B664.57M
Common Stock85.82M85.82M85.82M85.82M
Retained Earnings1.15B897.38M773.72M673.93M
Treasury Stock191.37M131.84M106.8M78.56M
Other Stockholder Equity191.37M131.84M106.8M78.56M
Total Stockholder Equity1.43B1.12B966.34M838.32M
Net Tangible Assets1.17B851.3M681.65M568.35M

Cash Flow Statement

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

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income355.4M188.11M159.2M137.62M
Depreciation182.44M165.73M154.2M39.08M
Change To Netincome4.44M-4.11M-22.38M367k
Change To Account Receivables-316.32M-68.41M-31.46M-27.64M
Change To Liabilities206.56M95.87M36.3M28.51M
Change To Operating Activities42.24M-26M-8.18M2.95M
Total Cash From Operating Activities503.8M376.28M300.8M197.42M
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-6.72M7.11M1.22M
Change In Cash62.7M23.42M954k34.7M