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