Pushpay Holdings Limited (NZX:PPH) Annual Report 2022



The latest annual report of Pushpay Holdings Limited (PPH) 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 - PPH Annual Results

Amounts in USD

Total Revenue
202.86M
Gross Profit
138.38M
EBIT
46.92M
Net Tangible Assets
-56.68M
Net Income
33.4M
Capital Expenditures
-410k

PPH Income Statement 2022 Annual Report

As per the latest Income Statement of PPH, the Net revenue increased by $23.75M (13%) compared to the previous period. The operating income in 2022 decreased by $-2.95M (-6%). The net income as per the annual report was 33.4M which increased by $2.22M (7%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 202.86M 179.11M
Gross Profit 138.38M 121.93M
Operating Income 46.92M 49.87M
Income Before Tax 43.93M 44.36M
Net Income 33.4M 31.18M

Balance Sheet - PPH 2022 Annual Report

Read further: PPH Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Pushpay Holdings Limited showed the company increased the cash on balance sheet by $1.91M (39%). The Net tangible assets of PPH on the balance sheet were at -56.68M which is $-66.65M (-669%) less than previous annual report. The total stockholder equity also increased by $68.33M (73%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 6.75M 4.84M
Total Assets 261.34M 117.06M
Long Term Debt 54M -
Total Liabilities 99.09M 23.14M
Total Shareholder Equity 162.25M 93.92M
Net Tangible Assets -56.68M 9.96M

Cash Flow Statement - PPH 2022 Annual Report

The 2022 annual cash flow statement of Pushpay Holdings Limited showed that the net income increased by $2.22M (7%) compared to previous reporting period. Also the capital expenditure of PPH decreased by $-24000 (-6%).

As of 2022, the total cash from investing activities was -110.02M and total cash from financing activities was 50.38M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 33.4M 31.18M
Capital Expenditures -410k -386k
Dividends Paid - -
Total Cash From From Investing Activities -110.02M 320k
Total Cash From From Financing Activities 50.38M -59.58M

Pushpay Holdings Limited Annual Report History

Income Statement

Income Statement history of Pushpay Holdings Limited (NZX:PPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 202.86M 179.11M 127.6M 98.36M
Cost Of Revenue 64.48M 57.18M 44.79M 37.89M
Gross Profit 138.38M 121.93M 82.81M 60.48M
Research Development 24.67M 16.72M 13.57M 17.11M
Selling General Administrative 56.78M 48.22M 45.99M 45.41M
Non Recurring - - - -
Other Operating Expenses - - -2M -2M
Total Operating Expenses 155.94M 129.24M 107.45M 100.41M
Operating Income 46.92M 49.87M 20.15M -2.05M
Total Other Income Expense Net -3M -5.5M 1.52M 632k
Ebit 46.92M 49.87M 20.15M -2.05M
Interest Expense -1.24M -1.11M -951k -951k
Income Before Tax 43.93M 44.36M 21.67M -1.42M
Income Tax Expense 10.52M 13.18M 5.67M -20.24M
Minority Interest - - - -
Net Income From Continuing Ops 33.4M 31.18M 16M 18.83M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 33.4M 31.18M 16M 18.83M
Net Income Applicable To Common Shares 33.4M 31.18M 16M 18.83M

Balance Sheet Statement

Balance Sheet Statement history of Pushpay Holdings Limited (NZX:PPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Cash 6.75M 4.84M 7.2M 13.93M
Net Receivables 19.18M 17.84M 13.91M 9.24M
Inventory 543k - - -
Other Current Assets 1.02M 2.15M 1.93M 1.3M
Total Current Assets 29.79M 27.21M 25.73M 27.09M
Property Plant Equipment 7.71M 2.78M 4.44M 1.22M
Good Will 185.23M 66.81M 66.81M -
Intangible Assets 33.7M 17.15M 22.13M 1.88M
Other Assets 4.91M 3.11M 15.94M 23.53M
Deferred Long Term Asset Charges 3.19M 1.84M 13.26M 20.93M
Total Assets 261.34M 117.06M 135.04M 53.73M
Accounts Payable 1.57M 326k 621k 842k
Other Current Liab 27.95M 14.53M 15.11M 10.03M
Long Term Debt 54M - 33.33M -
Deferred Long Term Liab 268k 651k 1.11M 1.46M
Total Current Liabilities 39.39M 22.43M 46.43M 12.93M
Total Liab 99.09M 23.14M 82.1M 12.93M
Common Stock 137.07M 95.92M 94.61M 93.67M
Retained Earnings 29.9M -3.5M -34.68M -50.69M
Treasury Stock -4.72M 1.5M -6.99M -2.19M
Other Stockholder Equity -4.72M 1.5M -6.99M -2.19M
Total Stockholder Equity 162.25M 93.92M 52.94M 40.79M
Net Tangible Assets -56.68M 9.96M -35.99M 38.92M

Cash Flow Statement

Cash Flow Statement history of Pushpay Holdings Limited (NZX:PPH)

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 33.4M 31.18M 16M 18.83M
Depreciation 5.34M 3.94M 2.84M 1.41M
Change To Netincome 3.28M 21.92M 3.72M -19.52M
Change To Account Receivables -2.43M -3.18M -3.99M -4.53M
Change To Liabilities 6.69M -1.26M 8.01M 135k
Change To Inventory -543k -543k -543k -543k
Change To Operating Activities -593k 1.39M -6.06M -988k
Total Cash From Operating Activities 61.45M 57.6M 23.52M -2.76M
Capital Expenditures -410k -386k -385k -345k
Other Cashflows From Investing Activities 337k 606k 606k 94k
Total Cashflows From Investing Activities -110.02M 320k -84.77M -300k
Net Borrowings 52.33M -58.68M 55.65M 55.65M
Other Cashflows From Financing Activities -1.95M -906k -687k -687k
Total Cash From Financing Activities 50.38M -59.58M 54.97M 54.97M
Effect Of Exchange Rate 107k -699k -445k -903k
Change In Cash 1.91M -2.36M -6.72M -3.96M
Dividends Paid - - - -