SPIRENT COMMUNICATIONS PLC financials

SPIRENT COMMUNICATIONS PLC

Country: GB Reporting currency: USD Latest annual report: 2023-12-31
LEI: 213800HKCUNWP1916L38
Source filing ↗
Financial statements (USD, as reported — unscaled; 84 line items across 2 annual periods)
Line item 20232022
Income statement
Revenue $474.3M$607.5M
Cost of sales $130.7M$170.4M
Gross profit $343.6M$437.1M
Administrative expenses $88.9M$74.2M
Operating profit (EBIT) $18.4M$112.7M
Finance costs $900.0K$1.0M
Profit before tax $22.9M$114.6M
Income tax expense -$2.3M$14.7M
Profit for the year $25.2M$99.9M
— attributable to owners $25.2M$99.9M
Total comprehensive income $23.2M$72.1M
Per share
Basic EPS $0.04$0.16
Diluted EPS $0.04$0.16
Free cash flow / share $0.04$0.18
Cash flow statement
Cash generated from operations $45.8M$140.6M
Net cash from operating activities $31.9M$117.8M
Net cash from investing activities -$7.9M-$6.1M
Purchase of PP&E (capex) $6.5M$8.4M
Net cash from financing activities -$126.9M-$72.4M
Dividends paid $46.5M$39.9M
Lease liability payments $7.9M$8.6M
Net change in cash -$102.9M$39.3M
Balance sheet
Total assets $583.8M$705.3M
Non-current assets $296.5M$291.8M
Property, plant & equipment $15.8M$20.6M
Right-of-use assets $17.2M$19.5M
Intangible assets & goodwill $206.6M$202.0M
Current assets $287.3M$413.5M
Inventories $43.5M$39.8M
Trade & other receivables $133.7M$160.8M
Cash & equivalents $108.1M$209.6M
Total equity $375.8M$465.2M
Non-current liabilities $59.0M$49.7M
Lease liabilities (non-current) $10.7M$15.0M
Current liabilities $149.0M$190.4M
Lease liabilities (current) $10.7M$7.1M
Trade & other payables $65.9M$94.8M
Derived metrics
Free cash flow $25.4M$109.4M
Operating margin 3.9%18.6%
Net margin 5.3%16.4%
Return on equity 6.7%21.5%
Cash conversion ratio 1.27×1.18×
Capex coverage 4.91×14.02×
Other reported items
Capital Redemption Reserve $18.2M$16.0M
Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities $7.8M$0
Comprehensive Income Attributable To Owners of Parent $23.2M$72.1M
Current Contract Assets $1.0M$900.0K
Current Contract Liabilities $66.6M$75.5M
Current Provisions $5.0M$5.7M
Current Tax Assets $1.0M$2.4M
Current Tax Liabilities $800.0K$7.2M
Decrease Increase Through Tax On Sharebased Payment Transactions $1.7M$100.0K
Deferred Tax Assets $43.2M$32.8M
Effect of Exchange Rate Changes On Cash and Cash Equivalents $1.4M-$4.5M
Expense From Sharebased Payment Transactions With Employees $7.6M$8.5M
Finance Income $5.4M$2.9M
Income Taxes Paid Refund Classified As Operating Activities $13.9M$22.8M
Increase Decrease Through Sharebased Payment Transactions $6.8M$8.5M
Increase Decrease Through Treasury Share Transactions -$22.9M
Interest Paid Classified As Financing Activities $900.0K$1.0M
Interest Received Classified As Investing Activities $5.4M$1.5M
Issued Capital $24.6M$24.7M
Liabilities $208.0M$240.1M
Net Assets Liabilities $375.8M$465.2M
Noncurrent Contract Assets $300.0K$500.0K
Noncurrent Contract Liabilities $33.7M$22.7M
Noncurrent Payables $200.0K$200.0K
Noncurrent Provisions $3.0M$2.7M
Noncurrent Receivables $5.0M$6.7M
Noncurrent Recognised Assets Defined Benefit Plan $8.4M$9.7M
Noncurrent Recognised Liabilities Defined Benefit Plan $11.4M$9.1M
Other Comprehensive Income -$2.0M-$27.8M
Other Comprehensive Income Net of Tax Exchange Differences On Translation $2.8M-$8.2M
Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans $4.8M$19.6M
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax -$4.8M-$19.6M
Other Current Financial Liabilities $0$100.0K
Other Reserves $17.5M$20.9M
Payments To Acquire Or Redeem Entitys Shares $0$22.9M
Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities $400.0K$200.0K
Research and Development Expense $102.4M$111.3M
Reserve of Exchange Differences On Translation $5.5M$2.6M
Retained Earnings $284.3M$376.6M
Sales and Marketing Expense $133.9M$138.9M
Share Premium $25.7M$24.4M
Methodology

Every line item above is a fact tagged in SPIRENT COMMUNICATIONS PLC's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (USD), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.